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Home sales and prices have rocketed during the COVID-19 real estate boom. Now, that heat is spilling into the townhome and condo market, where sales had been hammered by government policies in 2019 and then languished for most of 2020.
“Interest in the presale market always follows big rises in the market” for existing homes, said Vancouver real estate agent Mike Stewart.
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He named several presale townhome projects Forester in Coquitlam, Founders Block in North Vancouver and Five Road in Richmond where developers recently said they had sold out.
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Seth Weinshel said the number of students living in Thurston will decrease from 1,100 to 820 students to create “extensive” amounts of community space on every floor.
As Thurston Hall undergoes renovations, officials and former residents weighed in on the building’s impact on students throughout the University’s history and how its legacy will continue.
Alumni spoke about their collective experiences and memories living in Thurston as part of the University’s bicentennial celebrations Tuesday. Architects working on the building’s new design laid out the plans for Thurston’s renovations, discussing how it will continue to foster community for students while maintaining much of the building’s facade.
The Globe and Mail Published February 26, 2021
DARRYL DYCK/The Globe and Mail
Metro Vancouver housing builders and the real estate industry are bracing for a big surge of immigrants to wash into the region once travel is allowed again, with some possible extra pushes coming from Hong Kong, India, the Philippines and even Indonesia.
That new wave is likely to include a significant proportion of relatively well-off, middle-class people with assets to bring to Canada that will give them home-buying power when they get here.
“A lot of would-be immigrants are preplanning,” said Vishey Singh, a realtor with Team 3000 who sells primarily in the southern suburbs of Surrey, Delta and Langley, where house prices have been shooting up in recent months.