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Development

Vancouver unveils plan to replace viaducts with ‘super road’, more housing

Half-marathon runners make their way across Dunsmuir Viaduct shortly after the start of the Vancouver Marathon. The Georgia and Dunsmuir viaducts could be demolished almost immediately, paving way for a new neighbourhood park system.
 
The Georgia and Dunsmuir viaducts could be demolished almost immediately, paving the way for new housing and a neighbourhood park system, if the plan is approved by council this fall.

On Tuesday, city transportation planners unveiled a new plan to create a “super road” around the north end of False Creek that would allow for the accelerated destruction of the viaducts and create more than 850,000 square feet of new housing space in Strathcona. It would also affect several other planned changes, including the construction of a long-awaited truck bypass route along Malkin Street.

The plan has yet to be approved, and the planners will bring back a final version within months, but the general proposal received thumbs up from both Vision Vancouver and Non-Partisan Association councillors.

Read more: http://www.vancouversun.com/news/Vancouver+unveils+plan+replace+viaducts+with+super+road+more+housing/6983485/story.html#ixzz21eE74500

July 25, 2012by david.taylor@colliers.com
Market Research

Low Bond Yields Continue to Support Cheap Debt

Commercial mortgage rates continue to remain attractive, supported in large part by bond yields that have continued a downward march. As of Monday July 23rd, the yield on 5-year GOC bonds was 1.12%. Financing options remain available for stronger assets below 3.50% on five year money.

Source: Bank of Canada

July 25, 2012by david.taylor@colliers.com
Development

Vancouver Looks to Richmond in Hiring New Planning Boss

Vancouver looks to Richmond in hiring new planning boss.

After an extensive international search in which it received 108 applications from all over the world, the City of Vancouver had to go no further than the municipality next door to hire a new general manager and director of planning.

On Tuesday the Vision Vancouver-led council ratified the hiring of Brian J.Jackson as the new general manager of planning and development. For the last four years Jackson has been acting general manager of planning for Richmond. He begins work August 27.

Read more: http://www.vancouversun.com/Vancouver+looks+Richmond+hiring+planning+boss/6983088/story.html#ixzz21aAZ21iO
July 24, 2012by david.taylor@colliers.com
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