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Article content Adding more rental properties has become a popular mantra for some developers. The latest to infuse this into plans is Bosa Properties CEO Colin Bosa, who is looking to create hundreds of new rental units across various sites in Vancouver, Burnaby, Squamish and Surrey. “Quite frankly, we saw the market (for presale condos) potentially slowing down last year,” said Bosa. We apologize, but this video has failed to load. Try refreshing your browser, or Bosa Properties shifts focus to rental buildings instead of condo projects Back to video “We’re really interested in keeping our people employed. (Building rental) allows for some diversity of earnings so that we can ensure there is work for our employees because that was something that was top of mind for us as we’re going through COVID.” ....
Article content A look at investment trends across B.C. flags significantly lower housing starts in 2020, even as there has been a COVID-19 boom in home sales and prices rocket-fuelled by banks offering very low interest rate mortgages. The number of housing units that started construction in southwest B.C. fell by 21.7 per cent in 2020 compared to the number in 2019, according to an annual economic outlook report by the Chartered Professional Accountants of B.C. (CPABC) We apologize, but this video has failed to load. Try refreshing your browser, or Housing starts in southwest B.C. fell by 21 per cent in 2020: report Back to video ....
Vancouver welcomes an influx of new rental development theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Article content The development arm of a large, Toronto-based real estate investment fund that has been expanding its B.C. holdings, is proposing to build one of the largest rental housing communities in Metro Vancouver near Lougheed Mall in Burnaby. Starlight Developments is asking to add 1,200 new rental homes to a 7.4 acre site where it has been renovating 528 existing, older ones. We apologize, but this video has failed to load. Try refreshing your browser, or Starlight Development aims to build Metro s largest rental development in Burnaby Back to video “When I look at Burnaby, I don’t see anything of this size,” for purpose-built rental, said Josh Kaufman, head of development and construction at Starlight. ....