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Just listed by Zara Rabii in Lynnmour, North Vancouver

Another listing by our brilliant agent Zara Rabii  at 319 1500 FERN ST in North Vancouver. See details here

Specious one bedroom at Apex by Denna Builiding. Brand new home ready to move in . This home features a private large balcony, complete with a gas bib for year-round BBQ enjoyment. Featuring sleek laminate flooring. The polished kitchen offers a full s/s appliance package with 5 burner gas cook top, integrated fridge, dishwasher and Microwave. Assessble and convenient location closee to parks, cafe, retail and more! east access to Highway 1 with links to Whistler, Vancouver, Burnaby.

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Predictions on Interest Rate Cuts and AI's Job Impact Discussed at CBRE Outlook Event

At CBRE's Market Outlook Breakfast in Toronto, Benjamin Tal, representing CIBC World Markets, shared his forecast regarding potential interest rate cuts by the Bank of Canada (BoC). Tal suggested that the BoC might initiate rate reductions starting in June, aiming to bring the rates down to 2.75% by mid-2025 from the current 5.0%. This projection is contingent upon inflation aligning with the BoC's target of 2.00%.

Shirin Saleh, CEO of 88West Realty, emphasized the profound impact interest rates have on the real estate market. Lower interest rates typically stimulate demand and activity within the housing sector, potentially leading to increased sales and market momentum.

Samin Sobhi, an economist, contributed insights regarding the broader economic implications of interest rate cuts. Sobhi pointed out that while lower rates can benefit the housing market, they must be carefully balanced with other economic indicators and policy considerations to ensure overall economic stability and growth.

Benjamin Tal also delved into the realm of artificial intelligence (AI) and its influence on job markets. He highlighted AI's potential to enhance productivity and facilitate capital investment, which are critical drivers of economic expansion. However, Tal cautioned that the responsible adoption and management of AI are crucial to prevent job displacement and ensure a smooth transition to a more technologically advanced workforce.

Shirin Saleh further discussed the current state of the housing market in Canada. She noted that the country is currently experiencing a buyer's market characterized by pent-up demand, particularly evident in the low-rise residential sector. Saleh emphasized the importance of addressing housing affordability and supply constraints to sustain long-term market growth and stability.

Samin Sobhi echoed Saleh's sentiments, highlighting the necessity of strategic planning and policy interventions to tackle housing affordability challenges effectively. Sobhi emphasized the importance of a balanced approach that addresses both demand-side and supply-side factors contributing to housing market dynamics.

In conclusion, Benjamin Tal expressed cautious optimism about the future economic outlook, anticipating potential rate cuts and a subsequent recovery in the real estate market in the latter part of 2024 and into 2025. Saleh and Sobhi echoed this optimism while stressing the importance of prudent economic management, technological innovation, and targeted policy measures to navigate the evolving landscape of the housing and job markets effectively.

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Commercial real estate activity in the Lower Mainland in 2023

The significant decline in commercial real estate activity in the Lower Mainland in 2023 compared to the previous year reflects several economic and market dynamics. Year-over-year sales totals and dollar volumes in 2023 were near lows last seen in 2019. There were 1,249 commercial real estate sales in 2023, a 41.7% decrease from 2022, with a total dollar value of $7.3 billion, down by 44.1% from 2022's $13 billion.

The year 2023 witnessed a sluggish recovery from the economic impacts of the COVID-19 pandemic. Uncertainty surrounding global economic stability, inflationary pressures, and supply chain disruptions likely contributed to a cautious approach among investors and businesses, impacting commercial real estate transactions.

The anticipation of lower borrowing costs, indicated by the Bank of Canada's target range for CPI, could positively influence commercial real estate activity in 2024. Reduced interest rates typically make financing more affordable, potentially encouraging investment and development projects.

The varying degrees of decline across different property categories highlight distinct market dynamics. For instance, the significant decrease in land sales and dollar values suggests a slowdown in development and investment activities related to land acquisition. The decline in office and retail sales reflects ongoing shifts in consumer behavior, such as increased online shopping and remote work trends, impacting demand for traditional office and retail spaces.

Local factors, such as zoning regulations, infrastructure developments, and demographic shifts, also play a crucial role in shaping commercial real estate trends. Areas experiencing rapid urbanization or revitalization projects may see contrasting market dynamics compared to more established regions.

Investor sentiment and risk perception significantly influence market activity. Uncertainty or perceived risks related to geopolitical events, regulatory changes, or economic indicators can lead to a cautious approach among investors, affecting transaction volumes and dollar values.

Despite the challenges in 2023, signs of improving activity in certain market segments suggest opportunities for investors and developers. Recent quarterly data indicate some segments are picking up, suggesting the worst may be behind. Lower borrowing costs, with total CPI inside the Bank of Canada’s target range, may spur more activity in 2024.

Overall, the commercial real estate market in the Lower Mainland reflects a complex interplay of economic, regulatory, and market-specific factors. Monitoring ongoing trends, adapting to evolving market conditions, and leveraging opportunities aligned with shifting consumer preferences and industry trends are essential strategies for navigating the commercial real estate landscape effectively.

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Just listed by Sahar Nourahmar in British Properties, West Vancouver

Another listing by our brilliant agent Sahar Nourahmar  at 335 SOUTHBOROUGH DR in West Vancouver. See details here

Embrace unparalleled living in this unique dual-home property, ideal for families or as a savvy investment. The main house features 6 beds and luxury finishes, plus a separate 2-bed, 2-bath unit for in-laws or grown-up children. Located near top schools, this home offers flexibility, privacy, and sophistication. With potential for short or long-term rental, it's a rare opportunity to generate up to $50,000 annually in a sought-after neighborhood. Perfect for those valuing proximity, privacy, and profitability.

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Just sold by Armin Eslampour PREC* at 1208 1133 HOMER ST in Vancouver

Another sold, another happy client!

Our wonderful agent Armin Eslampour PREC* just sold a great property at 1208 1133 HOMER ST in Vancouver on Mar 12, 2024. See details here

Immerse yourself in Yaletown's vibrant urban scene at the prestigious H&H Complex. This exquisite 1-bedroom plus den residence and is ideally located near trendy eateries, nightlife, and boutiques. The efficient layout includes a flexible room for work or storage, a bedroom with a cheater ensuite, double walk-through closets, and a balcony overlooking beautiful Vancouver. Enjoy a host of amenities such as a fitness center, bike storage, kids play zone, and pet-friendly area. Additional perks include in-suite laundry, designated parking, and easy access to the Yaletown Skytrain.

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Just sold by Caroline Yuen at 603 114 KEITH RD W in North Vancouver

Another sold, another happy client!

Our wonderful agent Caroline Yuen just sold a great property at 603 114 KEITH RD W in North Vancouver on Mar 15, 2024. See details here

This SW facing, very spacious 2-bedroom, 2-bathroom apartment unit is part of Ashby House. It has a wrap-around balcony that overlooks Victoria Park with a panoramic view of the downtown skyline, ocean, and mountains. Every room has a view. Across from the building is Victoria Park where you can enjoy recreational activities. The unit is conveniently located with a walk score of 93 with walking distance to transit and restaurants. Includes 1 parking stall and 1 storage locker. Don't miss out on this incredible home! Book your viewing today.

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Just listed by Sakhi Hedayat in Valleycliffe, Squamish

Another listing by our brilliant agent Sakhi Hedayat  at 1825 GARDEN PL in Squamish. See details here

Located on a quiet cul-de-sac with spectacular views of the Chief, this 12,628 sq.f. lot is one of the nicest and most established properties in Valleycliffe. This 2 level home is a true oasis with lots of cozy charm. The main floor has 3 bedrooms, 1 full bathroom, and the kitchen and living area. Downstairs is partly finished with a Family Room and 2 bedrooms and unfinished laundry area. The stunning lot is large, private with 630 sq.f. of Sundeck to enjoy the wonderful surrounding views. Private Backyard has a Jacuzzi Gazebo and much more. Don`t miss this property. Easy to show.

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Navigating Vancouver's Real Estate Trends: Insights from Experts

Vancouver's real estate market is a magnet for investors, homebuyers, and industry insiders, offering a diverse mix of pre-construction condos, fluctuating prices, ongoing developments, and key statistical trends. In this overview, we tap into the expertise of Shirin Saleh, an MBA-equipped real estate specialist, and Samin Sobhi, holding PhD in economics, to gain valuable insights into this dynamic landscape.

 Pre-Construction Condos: A Rising Phenomenon

 Pre-construction condos have surged in popularity in Vancouver, drawing interest from investors and homeowners alike. Saleh notes their allure as early-stage investments with potential cost advantages compared to completed units. Sobhi adds an economic perspective, highlighting the confidence and future market expectations driving demand.

 Real Estate Price Dynamics: Challenges and Projections

 Price fluctuations remain a focal point, with Saleh noting recent market stabilization amid considerations like location and amenities. Sobhi's economic analysis underscores the multifaceted influences on prices, urging ongoing monitoring for informed investment decisions.

 Forecasting Vancouver's Real Estate Market: Optimism and Caution

 Experts balance optimism with caution in forecasting Vancouver's real estate future. Saleh cites growth drivers like population expansion and foreign investment, tempered by a need to stay alert to regulatory shifts. Sobhi stresses data-driven forecasts integrating economic indicators and policy insights for accuracy.

 Innovations in Real Estate Developments: Sustainability Takes Center Stage

 Vancouver's real estate scene is marked by innovative and sustainable initiatives. Saleh highlights the integration of green technologies and eco-friendly designs, catering to a rising demand for sustainable properties. Sobhi applauds these efforts for not only aligning with environmental goals but also enhancing property value.

 Statistical Insights for Informed Decisions

 Data analytics play a pivotal role in decision-making, as Saleh emphasizes statistical analysis for insights into sales trends, inventory levels, and demographic factors. Sobhi underscores the holistic view statistics provide, aiding in strategy adaptation and optimization.

 Conclusion: Navigating Vancouver's Real Estate Terrain

 In conclusion, Vancouver's real estate market offers a dynamic mix of opportunities and challenges. Insights from Saleh and Sobhi stress the importance of thorough analysis, strategic planning, and a nuanced understanding of market dynamics. Whether exploring pre-construction condos, analyzing price trends, forecasting market directions, embracing sustainability, or leveraging statistical data, informed decision-making is key to navigating Vancouver's real estate landscape successfully.

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Just listed by Alex Mozaffarian PREC* and Raya Hj in Queensbury, North Vancouver

Another listing by our brilliant agent Alex Mozaffarian PREC* and Raya Hj  at 102 747 3 ST E in North Vancouver. See details here

Discover Coastal Luxury Living at 'Green On Queensbury' - Where Every Day Feels Like a Vacation! Nestled in the heart of West Coast beauty, this premier parkside community offers the perfect blend of tranquility and adventure. Dive into the ocean just blocks away, hit the slopes at nearby ski resorts, or stroll through the lush Moodyville Park and Spirit Trail right from your doorstep. Step into this modern oasis boasting a sprawling 300 SqFt patio, flooded with natural light and top-of-the-line finishes. With a sleek gas stove, Fisher Paykel kitchen appliances, soaring ceilings, and Jaga heating and cooling systems, every detail exudes sophistication. Plus, indulge in luxurious amenities like a guest suite, recreational facility, and air-conditioning. With upscale shopping, delectable dining, and endless entertainment just moments away, 'Green On Queensbury' offers the ultimate in West Coast living. Don't miss your chance to call this paradise home - schedule your tour today.

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Just listed by Irina Portnova PREC* in Central Park BS, Burnaby South

Another listing by our brilliant agent Irina Portnova PREC*  at 706 5833 WILSON AVE in Burnaby. See details here

CENTRALLY-LOCATED in the heart of Burnaby, and within walking distance to Central Park, Metrotown Shopping Mall, Skytrain, Bonsor Recreation Centre, this 1 BEDROOM plus DEN faces northwest and offers stunning mountain views and plenty of light. Spacious master bedroom can accommodate a king-size bed. Den has windows and a door, and can be used as a second bedroom. Gas fireplace (included in strata fees). Large size soaker bathtub. Owner-occupied, well-maintained, with a complete kitchen renovation and appliances change in 2010. Locker and TWO SIDE-BY-SIDE PARKING STALLS are a rear find. Amenities include party room, gym, sauna, bike room.

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Just sold by Supreet Sekhon at 50 20857 77A AVE in Langley

Another sold, another happy client!

Our wonderful agent Supreet Sekhon just sold a great property at 50 20857 77A AVE in Langley on Feb 29, 2024. See details here

Beautiful Townhome in the heart of the vibrant Willoughby Community. Located just steps away from Richard Bullpit Elementary and the fast emerging Willoughby Town Centre with shops and restauratns to serve you at a walking distance. This home comes complete with a chef's kitchen inc. a large island, open concept floor plan, and a BONUS ROOFTOP DECK! Pets allowed with restrictions. Open house cancelled. showings by appointment only.Call or text @604-376-0670

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Just listed by Alex Mozaffarian PREC* in Downtown VW, Vancouver West

Another listing by our brilliant agent Alex Mozaffarian PREC*  at 605 58 KEEFER PL in Vancouver. See details here

Introducing a unique gem @ FIRENZE with 2 balconies with serene views of the lagoon & courtyard, a Den & a Flex. Across from the International Village. This 694 sqft haven boasts a bright, spacious 1 bedroom with a den, and a flex. Reno in 2020. Enjoy an open kitchen with granite countertops, S/S appliances, new laminate & lighting, & paint. Radiant baseboard central heating. Floor to ceiling windows with plenty of light to enjoy. Amenities include: Concierge, full club house with indoor pool , jacuzzi, Sauna, Exercise room, ... Short term rentals and Air B&B allowed. Walking distance to Costco, T&T, Stadium Station, Sea-walk, etc. A lucrative investment opportunity. Tenanted mo/mo $2,590.

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