Curious to hear your thoughts. Which area that is currently undergoing (or has recently undergone) planning changes, has the most upside value? That is, where would you be most likely to buy a piece of land or an investment property given future growth trends in the City?

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I am pleased to have acted on behalf of both parties in the sale of this 23-unit apartment property in the West End, located at 1075 Nelson Street. The purchase price was $9,000,000.

Concerns are emerging that a building boom of office towers in downtown Vancouver is creating far too much supply.

Only half the 2.18 million square feet of new office space in seven towers under construction downtown — a boom enabled by new zoning bylaws in 2009 — has been preleased, executives at the Vancouver Real Estate Forum said Thursday.

“I am not seeing a lot of office demand right now, and that is concerning to me,” Bart Corbett, senior vice-president of Cushman & Wakefield, said in an interview.

Corbett and other executives discussed office space development and economic trends at a panel discussion titled “The Vancouver Hangover?”

A common theme was that Vancouver’s commercial real estate market is slowing. The panel was asked how eager landlords are to offer inducements to would-be tenants, and which sectors among high-tech startups, resource industry offices, or “slow and steady” traditional businesses, are preferred.

Read more: http://www.theprovince.com/business/real+estate+executives+gather+discuss+Vancouver+housing+trends/9530873/story.html

Kenstone Properties has filed a development application for a property it acquired several years ago on the North side of West 8th between Fir and Granville. The C-3A zoned site is planned for the following:

• 20 residential units
• 40 underground parking stalls
• a density of 3.3 FSR

Learn more here: http://former.vancouver.ca/devapps/1545w8th/index.htm

The City of Vancouver has released the proposed draft of the Marpole Community Plan to be considered by City Council in the next month or so. Click here to view the plan.

View South on Granville