Anshu Arora LLM, MSc, PMP

Cell 604-828-7331 | info@anshuarora.com

Surging prices for Burnaby light industrial strata space reflects plunging suburban office vacancies that have fallen to a 17-year low as lease rates continue to climb.

 

Much of the action is in Burnaby. Among the top suburban office deals transacted in Q1 2018 were the remaining five of nine office buildings at Willingdon Park, totaling 488,811 square feet on 2.3 acres, as well as the Investors Group Metro Vancouver Portfolio, a collection of nine office buildings combined with industrial, totaling more than one million square feet across 31 acres.

 

The latest example is the conversion of a 50,000-square-foot industrial/office complex in the Brentwood area, where PC Urban will offer the space as commercial strata, the first in the area in 20 years.

 

The time is now to Act!! and I can Guide and/or Assist

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The report said the average Greater Vancouver home sale price this year will be $1.08 million, which is 4.7 per cent higher than 2017’s average price of $1.03 million. BCREA added that it expected a continued slight rise of 2.3 per cent next year, to just over $1.1 million.

 

This average encompasses all property types and all areas of the region, and doesn’t take into account larger variables between different property types and neighbourhood sub-markets.

 

Prices are also on the rise in other North American cities as well, with there being a high demand for residnetial as well as commercial properties, and this push prices higher.

 

Now is a great time to start investing or to expand your real estate portfolio!

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More than 350 homes planned for along Lougheed Highway!

 

Council gave final reading to two bylaws allowing the construction of 84 single-family homes, 24 rental apartments and 252 townhouses – 360 more houses, that will straddle both sides of the Lougheed Highway, just west of Kanaka Way. Included will be 1,093 sq. metres of commercial space.

 

Polygon is doing the development on property formerly owned by the Ministry of Transportation and Infrastructure. The development will see a one-acre piece of land on the site, given to the city for a park and will also include the developer paying $2.5 million in voluntary community amenity contributions. Developers pay those based on a charge per unit built, to pay for recreational features.

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And the Answer is BC! Invest in Vancouver, Surrey, Burnaby, Delta, New West!!! Invest in Residential and Commercial!

 

My research and statistical analysis can gurantee you amazing returns on your investments. Prices are going up, always have and always will! This is the saga of most coastal cities - New York, LA, and now Vancouver! It is always the right time to invest in Real Estate and I can guide and/or assist

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And the prices go up yet again…and this will continue to happen, regardless of what measures are implemented. Its simple economics…supply and demand. We have too much demand for housing and investment properties and not enough supply.


It takes over 4 years, to procure a property, get the design done, get all permits, procure a contractor, and then start building. Of course, the demand will always stay high. Add to that our beautiful landscape, our amazing weather and you have a recipe for success.


So, now is the time to Invest in Lower Mainland and the Fraser Valley, with prices on average going up between 20%-30% every year!

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