Updates

Transit-oriented potential supports pricing of Surrey property – Western investor & VARING CHECK-INHigh prices kept land deals in check in 2023 See the official article here: WESTERN INVESTOR Joe Varing’s thoughts on the market situation last year were featured in Western Investor’s latest article! One area that’s seeing activity is the Fraser Highway corridor between…

SHARKS YOU CAN’T SEE – THE VALUE OF DUE DILIGENCE  MICHAEL VON HAUSEN & VARING THE VALUE OF DUE DILIGENCE See the official article here: VARING MAGAZINE 2024   RULES AND RISK Fear of sharks, fueled by movies like Jaws, parallels the caution needed in real estate development. Just as there are rules for swimming…

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,…

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,…

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…

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…

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…

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…

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…

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…