Policies Shaping Vancouver’s Rental Property Landscape – UBC VHMC & VMG

Policies Shaping Vancouver’s Rental Property Landscape – UBC Housing Market Club & Varing Policies Reshaping Vancouver’s Rental Property Market: A Comprehensive Overview See official article here: VARING MAGAZINE 2024 Vancouver’s real estate market grapples with a persistent challenge: a significant gap between supply and demand. This imbalance, fueled by factors such as high immigration rates,…

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Land costs threaten densification around Langley transit stations – WI & VMG

Rising Land Costs and Langley’s Densification – Western investor & VARING Land costs threaten densification around Langley transit stations See official news here: WESTERN INVESTOR Developers, investors may reduce density to save on costs or sell to groups with the financial capacity for higher-density projects   Langley is on the brink of a transformative phase,…

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Abbotsford’s Transit Future is on the Horizon

Abbotsford’s Transit Transformation Abbotsford’s Transit Transformation: New Exchange to Enhance City Connectivity by Summer 2024 See official news here: The Abbotsford News The City of Abbotsford is on the cusp of a significant transformation with the upcoming construction of the new transit exchange on Montrose Avenue. This project is a cornerstone in the city’s efforts…

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3 New Bus Rapid Transit (BRT) routes in the Lower Mainland

3 New Bus Rapid Transit (BRT) Routes TransLink has unveiled plans for three new Bus Rapid Transit (BRT) routes in the Lower Mainland, with the goal of launching them by 2027. See official news here: Global News These routes, featuring high-capacity buses with traffic signal priority and off-board fare collection, signify a significant expansion in…

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Guildford Stage 2 Plan

GUILDFORD PLAN (STAGE 2) UPDATED The Guildford Plan (Stage 2) was endorsed by council on Oct 30, 2023. They have made changes to the land use plans to support a variety of housing and uses. See official report here: Guildford Corporate Report The Plan is a comprehensive strategy for guiding growth in North Surrey over…

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BC Government Legislation – CAC’s

BC Government Revolutionizes Developer Fees in All Cities BC Government Revolutionizes Developer Fees in All Cities, Replacing CACs with ACCs! See full statement below: The British Columbia government has unveiled groundbreaking legislation that will transform the way real estate developers interact with municipal governments regarding public benefits tied to density and new property uses. Community…

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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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Growing Within the Boundary – City of Coquitlam: Meeting with Mayor Stewart

Growing Within the Boundary – City of Coquitlam: Meeting with Mayor Stewart How will Coquitlam continue to grow while maintaining a compact urban boundary? Is it possible for this growth to be sustainable and affordable while minimizing environmental impact? These are just two of the most pressing challenges faced by the City of Coquitlam and…

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