Fraser Valley Market Review 2022: Varing Marketing Group

MARKET REVIEW 2022: Varing MARKETING GROUP COMMENTARY ON THE FRASER VALLEY REAL ESTATE MARKET BY VARING MARKETING GROUP AXIUM CAPITAL NEWSLETTER   2022 – the year that began with many opportunities came to an uncertain close for landowners and real estate developers alike. Early in the year, there was optimism in the market, however the…

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Alternative Financing You Can Count On – PHL Capital & VMG

Alternative financing you can count on – PHL Financing & Varing MARKETING GROUP Whether land financing is required for acquisition, servicing, or as an inventory loan, PHL Capital has the flexibility required to support today’s everchanging and evolving development sector. VARING MAGAZINE 2022 | Aaron Duhra   SEEING A COMMUNITY NEED… AND AN OPPORTUNITY The idea…

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Surrey-Langley SkyTrain Bidding Process Begins.

Surrey-Langley SkyTrain Bidding Process Begins for $475M!! THE PROVINCIAL GOVERNMENT LAUNCHED THE BIDDING PROCESS TO BUILD 8 NEW ADDITIONAL STATIONS. THE BUDGET IS ESTIMATED AT $475M. See the full statement below: This is the second of three separate major contracts. The first bidding process for the largest contract worth $1.1 billion for building the concrete elevated guideway…

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The Largest Residential Development Approved by Coquitlam City Council

The Largest Residential Development Approved by Coquitlam City Council Highrise project to boost Coquitlam multifamily stock by 20 per cent…. See full statement below: Coquitlam City Council has approved its largest residential development ever. Once this is completed, the city’s multi-family housing inventory will increase by 20%. The master plan calls for a total of…

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B.C. Forecasting $706M Surplus for Current Fiscal Year

$706 Million of Surplus Forecasted: BC Finance Minister BC is forecasting a $706M surplus for the fiscal year – even with the global economic risks. They said the deficit forecast was made during the worst of the pandemic and they had prepared for the worst… See full statement below: British Columbia’s financial outlook is showing…

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Another hike of 0.75%….

Bank of Canada hikes key interest rate by another 75 basis points….. The hike brings the key interest rate to 3.25 per cent, the highest level since April 2008, when the Bank was slashing its rate in response to the Great Recess… See full statement below: The Bank of Canada today increased its target for…

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Vancouver Rail Extension Heightens Developer Interest in Langley

Vancouver Rail Extension Heightens Developer Interest in Langley….. Train Line Set To Boost Already Fast-Growing Residential Area, Bring 50,000 Jobs Within Commuting Distance See full statement below: One of Vancouver’s fastest-growing suburbs is set to get another boost, and developers are taking note. Langley, a small city and surrounding township about 40 kilometres southeast of…

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Inflation in Canada falls to 7.6% – Long Way to Go

Inflation in Canada falls to 7.6%. – Long Way to Go…. Canada’s inflation rate falls to 7.6% in July as gas prices fall See full statement below: In June, inflation hit a 39-year high of 8.1 per cent, with gasoline prices the single biggest contributor to the overall rate increase. By contrast, gasoline prices declined…

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