This groundbreaking initiative incentivizes the construction of new rental apartments and will spur the construction of a significant number of rental projects that were on the fence.
Interest rate-sensitive assets such as commercial real estate are taking the brunt of it head-on. Read more in our featured story by Jon Switzer, Managing Partner and Commercial Mortgage Broker at Impact Commercial.
While the consumer side of the real-estate market reacts to rising interest rates and homebuyers reassess their purchasing expectations, British Columbia’s commercial sector continues to draw landmark deals as investors compete for limited acquisition opportunities.
The Canadian Self Storage market has continued to be robust in the latter half of 2021. Overall, the Self Storage market across British Columbia is strong and is looking to continue with the trends set in 2021 well into 2022.
British Columbia’s fifth largest city could be the next to boom in our real estate rich province. Kamloops sees a population growth rate of 1.39% annually, which should increase as people put a larger focus on livability and a continued repositing of jobs takes place post-pandemic.
This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.
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