Downtown Condo Development on Hold
Recently 4 large downtown condo projects petitioned the City of Vancouver for an extension on their CAC contributions that were due. I have been documenting this for several years that there is very little new stratas being built in Downtown Vancouver right now. Many have been changed from strata to market rental or simply delayed. This lack of new construction will be felt in another 5-7 years down the road as demand continues to grow. Nothing wrong with building more rental stock but right now it’s coming at a cost of building strata… we should be building both.
Thanks to all the viewers and commenters on all my videos. As a busy Realtor I may not have the time to reply to all comments here. Some of your questions can be answered by going through my many videos posted here on my channel. But I will do my best to respond when I can. Appreciate everyone who is watching and commenting!
Want more up to date information? Follow me on Twitter @OwenBigland
If you want to get in touch with me, please email me at [email protected].
Thanks for watching!
Get a copy of my book "Along for the Ride" available at:
Amazon.ca: http://bit.ly/Owen_Bigland
Amazon.com: http://bit.ly/OwenBigland_us
OWEN BIGLAND
Bigland Realty Group
MACDONALD REALTY WESTMAR
c: 604.889.1118
e: [email protected]
w: http://owenbigland.com
2018 - 2023 Medallion Club Member, Top 5% of Greater Vancouver Realtors
2018 - 2023 Macdonald Realty Westmar, Top Producer in Annual Sales
VANCOUVER BC HOMES & CONDOS
GREATER VANCOUVER BC REAL ESTATE FOR SALE
Watch more in depth topics on real estate, investing and my book in these PLAYLISTS:
Get Your Mind Right: • Get Your Mind Right
HOT & Helpful Topics on Real Estate: • Waiting for a Vancouver Real Estate Correc...
My Book "Along for the Ride" Videos: • My Book: A Guide on How To Make Your Money...
My Investment Strategies & Tips: • Globe & Mail Newspaper Profiles my Investm...
Real Estate 101 Series: • Learn from Warren Buffett: Vancouver Real ...