RSS

With the policy interest rate now at 3.75%, overall market sentiment and affordability are expected to improve, offering potential buyers new opportunities, even as we approach a season that traditionally sees a slower pace of sales.



Although today's cut is a bold and welcome move, we acknowledge that additional reductions may still be necessary to truly make homeownership within reach for more Canadians. We look forward to continued efforts to boost affordability and stimulate market activity.

#BoC #InterestRateAnnouncement#PolicyRate #MarketNews #Sutton#SuttonGroup

Read

Land Value Tax vs. Property Tax: What Is Your Opinion?

At Sutton Group, we’re dedicated to understanding and addressing the challenges facing Canadian homeowners and buyers. That’s why we’re always on the lookout for credible insights into often overlooked affordability factors, and how we can make Canada a better place to live.

This week we recommend checking out the latest podcast episode by @move.smartly, where @john_pasalis and Urmi Desai dive into reviving an old economic idea to solve modern housing challenges: the Land Value Tax.

In a very engaging debate with guest Floyd Marinesco from Common Wealth Canada, this episode shares how the LVT could reshape housing markets and what lessons might apply to other regions facing similar issues.

Listen to the full episode here: https://www.youtube.com/watch?v=VpRkcxGCj7c
If
you're looking for fresh perspectives on housing, we invite you to follow and listen to the Move Smartly podcast.

#MoveSmartly #CanadianAffordability#LandValueTax #Sutton #SuttonGroup

Read

How Are Development Fees Affecting Housing Affordability?

For Canada’s housing market, the focus often lands on supply and demand, but a hidden factor is pushing prices higher: development fees.

Various charges are increasing costs for developers and, ultimately, homebuyers. Could reforming these fees be a solution to Canada’s affordability crisis?

Explore the impacts in our latest blog: https://tinyurl.com/developmentcharges

#CanadaHousingMarket #HousingAffordability #DevelopmentCosts #HousingDevelopment #Sutton #SuttonGroup

Read

Nearly 400 Rental Homes and New Safeway Planned for West 4th Avenue in Vancouver's Kitsilano Neighbourhood

West 4th Avenue retail strip’s largest anchor retail business is set to see a drastic rebirth that brings new life to the commercial district and surrounding residential neighbourhood.

A mix of significant uses are planned for the redevelopment of the longtime Safeway grocery store on West 4th Avenue in Vancouver’s Kitsilano neighbourhood.

PCI Developments and LowTide Properties have submitted a new development permit application to redevelop 2315 West 4th Avenue, which is located at the northwest corner of the intersection of Vine Street and West 4th Avenue.

Although there have been a surge in high-rise tower proposals recently within Kitsilano, this project will instead redevelop the site with a mid-rise structure reaching up to 10 storeys in height at some areas of the complex.

Currently, the 95,162 sq ft development site is mostly used as a surface vehicle parking lot, and the 1968-built grocery store building is located closer to the property’s rear fronting West 3rd Avenue. The development site accounts for roughly 75% of the city block, and it does not include the properties on the westernmost end of the block closest to Balsam Street, such as the buildings containing McDonald’s and Royal Bank.

Site of the Safeway at 2315 West 4th Avenue, Vancouver, in relation to its walking distance to SkyTrain’s future Arbutus Station. (Google Maps)
Site of the Safeway at 2315 West 4th Avenue, Vancouver. (Google Maps)

Existing condition:

Site of the Safeway at 2315 West 4th Avenue, Vancouver. (Google Maps)

Future condition:

Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)
Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)
Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)

Instead of the current surface vehicle parking lot frontage, the redevelopment will greatly enhance the retail strip by providing it with new continuous storefront frontage.

Over 18,000 sq ft of retail/restaurant space — divided into smaller commercial units — will be situated on the new building’s ground level, fronting the building’s length along West 4th Avenue and effectively activating the street. This provides a major opportunity for a new  additional infusion of smaller-scale businesses to further support the retail strip as a destination.

Based on the project’s artistic renderings, thoughtful attention has been given to the project’s West 4th Avenue frontage design to provide depth and draw interest to each commercial unit.

Existing condition:

Site of the Safeway at 2315 West 4th Avenue, Vancouver. (Google Maps)

Future condition:

Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)
Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)
Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)
Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)
Concept for the redevelopment of Safeway at 2315 West 4th Avenue, Vancouver. (Musson Cattell Mackey Partnership/LowTide Properties/PCI Developments)

The new replacement Safeway grocery store will be within the ground level, tucked behind the retail/restaurant units. The main entrance into the Safeway will be prominently located at the building’s corner with West 4th Avenue and Vine Street.

Adjacent to the Safeway entrance is a prominent three-dimensional public art installation on the building’s Vine Street facade, where a vintage Volkswagen microbus appears to be playfully embedded into the colourful mural wall — a big homage to Kitsilano’s hippie past.

With 42,000 sq ft of floor area, the new replacement Safeway will be considerably larger than the existing store.

Primarily above the ground-level commercial uses, the complex will generate 385 secured purpose-built rental homes. The unit size mix is 72 studios, 176 one-bedroom units, 103 two-bedroom units, and 24 three-bedroom units, plus 10 two-storey townhome units that front the building’s rear along West 3rd Avenue.

Existing large trees along the property’s West 3rd Avenue frontage will be retained and protected.

With 42,000 sq ft of floor area, the new replacement Safeway will be considerably larger than the existing store.  Primarily above the ground-level commercial uses, the complex will generate 385 secured purpose-built rental homes. The unit size mix is 72 studios, 176 one-bedroom units, 103 two-bedroom units, and 24 three-bedroom units, plus 10 two-storey townhome units that front the building’s rear along West 3rd Avenue.  Existing large trees along the property’s West 3rd Avenue frontage will be retained and protected.
With 42,000 sq ft of floor area, the new replacement Safeway will be considerably larger than the existing store.  Primarily above the ground-level commercial uses, the complex will generate 385 secured purpose-built rental homes. The unit size mix is 72 studios, 176 one-bedroom units, 103 two-bedroom units, and 24 three-bedroom units, plus 10 two-storey townhome units that front the building’s rear along West 3rd Avenue.  Existing large trees along the property’s West 3rd Avenue frontage will be retained and protected.
With 42,000 sq ft of floor area, the new replacement Safeway will be considerably larger than the existing store.  Primarily above the ground-level commercial uses, the complex will generate 385 secured purpose-built rental homes. The unit size mix is 72 studios, 176 one-bedroom units, 103 two-bedroom units, and 24 three-bedroom units, plus 10 two-storey townhome units that front the building’s rear along West 3rd Avenue.  Existing large trees along the property’s West 3rd Avenue frontage will be retained and protected.

The complex reaches a height of up to seven storeys (six full floors and a partial seventh floor) along its West 4th Avenue frontage and up to 10 storeys (nine full floors and a partial 10th floor) on the West 3rd Avenue frontage. Above the commercial base podium, the residential volume of the complex has a horseshoe shape, which frames a large outdoor landscaped courtyard for the use of the building’s residents.

Additional shared indoor and outdoor amenity spaces are found on both the seventh-storey and 10-storey rooftops of the complex.

Underground levels will provide 388 vehicle parking stalls, including 166 stalls for the building’s commercial uses. The parkade entrance will be located at the northeast corner of the building, fronting Vine Street. There will also be over 500 secured bike parking spaces.

The total building floor area will reach 352,000 sq ft, establishing a floor area ratio density of a floor area that is 3.7 times larger than the size of the lot.

The project’s architectural design firm is Musson Cattell Mackey Partnership, which has designed a growing number of other major projects by PCI Developments.

Additional shared indoor and outdoor amenity spaces are found on both the seventh-storey and 10-storey rooftops of the complex.  Underground levels will provide 388 vehicle parking stalls, including 166 stalls for the building’s commercial uses. The parkade entrance will be located at the northeast corner of the building, fronting Vine Street. There will also be over 500 secured bike parking spaces.  The total building floor area will reach 352,000 sq ft, establishing a floor area ratio density of a floor area that is 3.7 times larger than the size of the lot.  The project’s architectural design firm is Musson Cattell Mackey Partnership, which has designed a growing number of other major projects by PCI Developments.
Additional shared indoor and outdoor amenity spaces are found on both the seventh-storey and 10-storey rooftops of the complex.  Underground levels will provide 388 vehicle parking stalls, including 166 stalls for the building’s commercial uses. The parkade entrance will be located at the northeast corner of the building, fronting Vine Street. There will also be over 500 secured bike parking spaces.  The total building floor area will reach 352,000 sq ft, establishing a floor area ratio density of a floor area that is 3.7 times larger than the size of the lot.  The project’s architectural design firm is Musson Cattell Mackey Partnership, which has designed a growing number of other major projects by PCI Developments.
Additional shared indoor and outdoor amenity spaces are found on both the seventh-storey and 10-storey rooftops of the complex.  Underground levels will provide 388 vehicle parking stalls, including 166 stalls for the building’s commercial uses. The parkade entrance will be located at the northeast corner of the building, fronting Vine Street. There will also be over 500 secured bike parking spaces.  The total building floor area will reach 352,000 sq ft, establishing a floor area ratio density of a floor area that is 3.7 times larger than the size of the lot.  The project’s architectural design firm is Musson Cattell Mackey Partnership, which has designed a growing number of other major projects by PCI Developments.
Additional shared indoor and outdoor amenity spaces are found on both the seventh-storey and 10-storey rooftops of the complex.  Underground levels will provide 388 vehicle parking stalls, including 166 stalls for the building’s commercial uses. The parkade entrance will be located at the northeast corner of the building, fronting Vine Street. There will also be over 500 secured bike parking spaces.  The total building floor area will reach 352,000 sq ft, establishing a floor area ratio density of a floor area that is 3.7 times larger than the size of the lot.  The project’s architectural design firm is Musson Cattell Mackey Partnership, which has designed a growing number of other major projects by PCI Developments.
Additional shared indoor and outdoor amenity spaces are found on both the seventh-storey and 10-storey rooftops of the complex.  Underground levels will provide 388 vehicle parking stalls, including 166 stalls for the building’s commercial uses. The parkade entrance will be located at the northeast corner of the building, fronting Vine Street. There will also be over 500 secured bike parking spaces.  The total building floor area will reach 352,000 sq ft, establishing a floor area ratio density of a floor area that is 3.7 times larger than the size of the lot.  The project’s architectural design firm is Musson Cattell Mackey Partnership, which has designed a growing number of other major projects by PCI Developments.

A rezoning application is not necessary for this project, as the concept’s design already aligns with the site’s existing zoning. This has enabled the developers to go straight to the development permit application process.

Records show the two properties that form the Safeway property changed hands in January 2024 in a combined deal worth $90 million.

It should be emphasized that this property is not under the City of Vancouver’s Broadway Plan, as it falls just west of Vine Street, which is the westernmost boundary line of the area plan.

Just opposite the Safeway site, on the south side of West 4th Avenue, a mid-block parcel is also set to see renewal from a redevelopment that will introduce new commercial space.

The Safeway site is about a 12-minute walk southeast to SkyTrain’s future Arbutus Station and 99 B-Line bus exchange.

Within the West Point Grey neighbourhood, a similar redevelopment of the former Safeway at 4545 West 10th Avenue is also being pursued. The project involves hundreds of rental homes and a new replacement grocery store.

For all your up-to-date news on Vancouver's latest developments and expert guidance in navigating the real estate market, trust Joel Korn of Sutton Group West-Coast Realty. As your dedicated Kitsilano Vancouver Realtor, I am here to provide personalized service and insights tailored to your needs. Whether you’re looking to buy, sell, or simply stay informed about the dynamic Vancouver real estate market, I’m just a call or click away.

Let’s turn your real estate goals into reality. Contact me today! 604-722-4588

Original Article Credit: This article has been adapted from a piece by Daily Hive to serve Vancouver real estate buyers and sellers. To read the original article, visit the Daily Hive here.


Read

Vancouver City Council Embraces New Housing Developments in the Broadway Plan

Vancouver City Council Embraces New Housing Developments in the Broadway Plan

The Vancouver City Council has rejected a proposal to slow down the pace of new housing development in the Broadway Plan, signaling a commitment to providing more housing options for the city's growing population. This decision is good news for those looking for condos and houses for sale in Vancouver, as it means more housing options will become available.

As an experienced Vancouver real estate agent, I understand the importance of staying up to date with the latest developments in the city's housing market. With this decision by the City Council, I believe that the demand for new housing will only increase, especially in sought-after areas in Greater Vancouver..

If you're looking for a top-rated Vancouver real estate agent to help you navigate the competitive housing market, look no further. As a commercial real estate agent and top Vancouver real estate agent, I have the knowledge and experience needed to help you find your dream home or investment property.

With this decision by the City Council, we can expect to see more condos for sale in Vancouver, as well as more houses for sale in Vancouver. This increase in housing supply will create a more balanced market, making it easier for buyers to find the right property at the right price.

Whether you're a first-time homebuyer or an experienced investor, working with a 30 year veteran and top-rated Vancouver real estate agent like Joel Korn can make all the difference. With my expertise and dedication to providing exceptional service, I can help you navigate the competitive market and find the perfect home or investment to meet your needs.

The Vancouver City Council's decision to reject the proposal to slow down the pace of new housing development is a positive sign for those looking for condos and houses for sale in Vancouver. If you're in the market for a new property, don't hesitate to reach out to a top-rated Vancouver real estate agent like myself to help you navigate the market and find your dream home or investment property.

Call Joel @ 604-722-4588 for questions or concerns regarding the real estate process, or what an agent can do for you. 

Read

AMENDMENTS TO THE PROHIBITION ON THE PURCHASE OF RESIDENTIAL PROPERTY BY NON-  CANADIANS REGULATIONS


The Canadian government recently amended the regulations on the purchase of residential properties by non-Canadians in Vancouver. These amendments have significant implications for anyone looking to buy or sell a property in Vancouver. In this article, we'll take a closer look at the changes and how they impact the real estate market in Vancouver.

The amended regulations prohibit non-Canadians from purchasing residential properties in the Metro Vancouver area unless they meet certain criteria. These criteria include having a work permit, being a permanent resident, or being a Canadian citizen. The changes are intended to make it more difficult for foreign buyers to purchase properties in Vancouver, which has become an increasingly popular destination for foreign investors.

The new regulations have had a noticeable impact on the Vancouver real estate market. According to recent data, sales of residential properties to non-Canadians have declined significantly since the amendments were introduced. This has led to a decrease in demand for properties in Vancouver, particularly in the luxury market. As a result, prices for high-end condos and houses for sale in Vancouver have started to level off.

For local buyers, this could be an opportunity to buy a property at a more affordable price. If you're in the market for a new home, there are still plenty of options available, particularly in nearby areas like Burnaby. There are a variety of condos and houses for sale in Burnaby, and with the help of an experienced Vancouver real estate agent, you can find the perfect property to meet your needs.

When searching for an experienced Vancouver real estate agent, it's important to look for someone who has a proven track record of success. A top-rated Vancouver real estate agent can help you navigate the complex real estate market and find the right property for your needs. Whether you're looking for a commercial property or a residential property, a top Vancouver real estate agent can help you find the best options available.

the amendments to the prohibition on the purchase of residential property by non-Canadians regulations have had a significant impact on the Vancouver real estate market. While prices for luxury properties have started to level off, there are still plenty of opportunities for local buyers to find a great property at an affordable price. With the help of an experienced Vancouver real estate agent, you can navigate the market and find the right property for your needs, whether you're looking for a condo for sale in Vancouver or a house for sale in Burnaby.

Read

The Mayor of Vancouver, Ken Sim, has dismissed claims of foreign meddling in the city's municipal election as racially motivated. In a recent interview with local media, Sim stated that insinuations about his alleged ties to foreign actors were being made solely because he is not Caucasian.

Sim's comments came in response to recent media reports that suggested he may have received financial support from a foreign entity during his 2018 mayoral campaign. The reports were based on a leaked email that allegedly showed Sim's campaign team discussing the possibility of receiving donations from a group based in China.

However, Sim denied any wrongdoing, stating that the email in question was taken out of context and that he had no knowledge of any foreign donations to his campaign. He also criticized the media for perpetuating what he called "racially motivated insinuations" about his candidacy.

Sim's remarks have sparked a renewed debate about racial bias in Canadian politics. Many have expressed concern that non-Caucasian candidates may be unfairly targeted by political opponents and the media. The issue has become particularly relevant in Vancouver, where the city's demographics have shifted in recent years, with a growing population of Asian Canadians.

Despite the controversy, Sim remains focused on his agenda for the city. He has recently unveiled a new housing plan aimed at increasing the supply of affordable homes in Vancouver. The plan includes measures to encourage the development of more condos for sale in Burnaby and Vancouver, as well as initiatives to support first-time homebuyers.

Sim has also emphasized the importance of working with experienced and top-rated Vancouver real estate agents to help buyers navigate the complex real estate market in the region. He has called on commercial and residential real estate agents to play a more active role in promoting affordable housing solutions for all Vancouver residents.

the controversy surrounding Sim's alleged ties to foreign actors highlights the ongoing challenges faced by non-Caucasian candidates in Canadian politics. Despite these challenges, Sim remains committed to his vision for a more affordable and equitable Vancouver, and he is calling on all stakeholders to work together to achieve this goal. If you're in the market for houses or condos for sale in Burnaby or Vancouver, consider working with a top Vancouver real estate agent to help you find the right property at the right price.

Read

If you're in the market for a condo in Burnaby or Vancouver, one of the biggest decisions you'll face is whether to buy an older or newer building. Each option has its own advantages and disadvantages, so it's important to consider your priorities and consult with an experienced Vancouver real estate agent before making a decision. In this article, we'll explore the pros and cons of each option.

Pros of Older Condos for Sale in Burnaby and Vancouver:

  1. Location: Older buildings are often situated in established neighborhoods with mature trees and amenities such as grocery stores, cafes, and restaurants. These neighborhoods are typically well-connected by public transit and have easy access to major roads and highways.

  2. Affordability: Older condos are often more affordable than newer ones, especially if they require renovations or updates. This can be an advantage if you're working with a tight budget or looking to invest in commercial real estate.

  3. Larger Units: Older buildings typically have larger units than newer ones, which can be attractive if you need more space for your family or business.

Cons of Older Condos for Sale in Burnaby and Vancouver:

  1. Maintenance: Older buildings often require more maintenance than newer ones, especially if they haven't been updated in a while. This can result in higher condo fees and repair costs over time.

  2. Amenities: Older buildings may not have the same amenities as newer ones, such as fitness centers, rooftop decks, or concierge services. This can be a disadvantage if you're looking for a more luxurious lifestyle or plan to rent out your unit.

  3. Energy Efficiency: Older buildings may not be as energy efficient as newer ones, which can result in higher utility bills and a less environmentally-friendly footprint.

Pros of Newer Condos for Sale in Burnaby and Vancouver:

  1. Modern Features: Newer buildings often have modern features such as smart home technology, high-end appliances, and state-of-the-art security systems. These features can be attractive if you're looking for a turnkey property or a more luxurious lifestyle.

  2. Energy Efficiency: Newer buildings are typically more energy efficient than older ones, which can result in lower utility bills and a more environmentally-friendly footprint.

  3. Amenities: Newer buildings often have a wide range of amenities such as fitness centers, rooftop decks, and concierge services. These amenities can enhance your quality of life and make your property more attractive to renters or buyers.

Cons of Newer Condos for Sale in Burnaby and Vancouver:

  1. Price: Newer condos are often more expensive than older ones, especially if they're in highly sought-after neighborhoods or have premium amenities.

  2. Location: Newer buildings may be situated in less established neighborhoods with fewer amenities and less connectivity to public transit.

  3. Size: Newer buildings often have smaller units than older ones, which can be a disadvantage if you need more space for your family or business.

The decision to buy an older or newer condo in Burnaby or Vancouver depends on your priorities and budget. Working with a top-rated Vancouver real estate agent can help you navigate the pros and cons of each option and find the best property for your needs. Whether you're looking for a house for sale in Burnaby or a condo for sale in Vancouver, taking the time to consider your options will help you make a sound investment.

Read

Burnaby is a vibrant city with a diverse range of neighborhoods, each offering a unique living experience. If you're in the market for real estate in Burnaby, it's essential to know which neighborhoods are best suited to your needs and lifestyle. In this article, we'll explore some of Burnaby's top neighborhoods and the real estate options available in each area. Additionally, we'll discuss the benefits of working with an experienced Vancouver real estate agent to find your dream property.

  1. Metrotown:

Metrotown is one of Burnaby's largest neighborhoods and a bustling commercial center. It's home to the city's largest shopping mall, Metropolis at Metrotown, which attracts visitors from all over Metro Vancouver. The neighborhood is also a transportation hub, with a SkyTrain station that provides quick access to downtown Vancouver. Real estate options in Metrotown include condos and townhouses, making it an attractive option for first-time buyers and young 

professionals.

  1. Brentwood:

Brentwood is another popular neighborhood in Burnaby, known for its quiet streets and family-friendly atmosphere. The area is home to a mix of single-family homes, townhouses, and condos, making it an ideal location for families of all sizes. The neighborhood has excellent schools, parks, and community centers, making it a popular choice for families with young children.

  1. Burnaby Heights:

Burnaby Heights is a charming neighborhood located in the north-central part of the city. It's known for its tree-lined streets and stunning views of downtown Vancouver and the North Shore mountains. The area is home to a mix of single-family homes and condos, making it an attractive option for both families and young professionals. Burnaby Heights has an excellent community spirit, with several annual events, including the Heights Merchants Association's Hats Off Day festival.

  1. Deer Lake:

Deer Lake is one of Burnaby's most desirable neighborhoods, known for its luxury homes and stunning natural surroundings. The area is located around Deer Lake Park, a beautiful green space that's popular with walkers, joggers, and nature enthusiasts. Real estate options in Deer Lake include spacious single-family homes and exclusive townhouses, making it a popular choice for affluent buyers.

Working with an Experienced Vancouver Real Estate Agent:

When buying real estate in Burnaby, it's essential to work with an experienced Vancouver real estate agent who understands the local market. As a top-rated Vancouver real estate agent, I have the knowledge, experience, and expertise to help you navigate Burnaby's neighborhoods and find the right property to meet your needs. Whether you're looking for a condo in Metrotown, a family home in Brentwood, or a luxury property in Deer Lake, I can guide you through the process and ensure a successful outcome.

Burnaby is a city with a diverse range of neighborhoods, each offering a unique living experience. Whether you're looking for a condo, townhouse, or single-family home, there's a neighborhood in Burnaby that's right for you. Contact me today to learn more about Burnaby's real estate market and how I can help you find your dream property.

Read

The Broadway Corridor in Vancouver has been a hot topic in real estate circles, with ongoing debates about the pace of development. Some argue that it's too fast, while others say it's too slow. As an experienced Vancouver real estate agent, I believe that the pace is just right for those looking for condos for sale in Burnaby, houses for sale in Burnaby, or condos for sale in Vancouver. In this article, we'll explore the current state of the Broadway Corridor development and how it can affect the local real estate market.

The Pros of the Broadway Corridor Development:

  1. Increased Accessibility: The Broadway Corridor development is expected to bring improved transit options, making it easier for commuters to access downtown Vancouver and other areas of the city. This increased accessibility can make the area more attractive to buyers looking for condos for sale in Vancouver or Burnaby.

  2. New Housing Options: The development of the Broadway Corridor is expected to bring a range of new housing options, including condos, townhouses, and rental units. This can help to address the ongoing housing shortage in the city and provide more options for those looking for houses for sale in Vancouver.

  3. Economic Boost: The development of the Broadway Corridor can also provide an economic boost to the local area, creating new jobs and increasing property values. This can be a positive for those looking for commercial real estate opportunities.

The Cons of the Broadway Corridor Development:

  1. Construction Delays: With any major development project, there can be construction delays that can impact the local community. This can be a negative for those looking for houses for sale in Burnaby or condos for sale in Vancouver, as it can impact their daily lives and schedules.

  2. Traffic Congestion: The increased density in the Broadway Corridor can also lead to increased traffic congestion, which can be frustrating for commuters and residents. This can be a negative for those looking for a quieter, more peaceful neighborhood.

  3. Housing Affordability: While the development of the Broadway Corridor can provide more housing options, there is a concern that the new housing units may not be affordable for all residents. This can be a negative for those looking for affordable houses for sale in Vancouver or Burnaby.

As a top-rated Vancouver real estate agent, I believe that the pace of the Broadway Corridor development is just right. The development can provide new housing options, increase accessibility, and provide an economic boost to the local area. However, there are potential negatives to consider, such as construction delays, traffic congestion, and housing affordability.

If you're interested in buying or selling a property in the Vancouver area, it's important to work with an experienced Vancouver real estate agent who can provide expert guidance and insights into the local market. Whether you're looking for condos for sale in Burnaby, houses for sale in Vancouver, or commercial real estate opportunities in the Broadway Corridor, a top Vancouver real estate agent can help you navigate the market and find the best property for your needs.

Call or Email Joel Korn at 604-722-4588; kjoel@sutton.com

Read
Categories:   Stagflation-May11
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.