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5 Presales – Metrotown In Burnaby Is The Focal Point Of The Presale Condo-World

5 Presales - Metrotown In Burnaby Is The Focal Point Of The Presale Condo-World

5 Presales – Metrotown In Burnaby Is The Focal Point Of The Presale Condo-World At a Glance Several high-profile pre-sale condo projects by big-name developers have recently launched or are set to launch shortly in Burnaby’s Metrotown neighbourhood in Metro Vancouver. The five projects, which include Citizen by Anthem Properties, Riviera by Ledingham McAllister, Reign … Read more

Feds Declare New Mortgage Charter, $15 Billion In Funding For Housing Construction

Feds Declare New Mortgage Charter, Billions In Funding For Housing Construction

Feds Declare New Mortgage Charter, $15 Billion In Funding For Housing Construction At a Glance The Canadian government has announced new measures to address the country’s housing crisis, including $15bn in funding for 10-year loans for new rental builds and $1bn for affordable housing construction. The rental funding is expected to spur the construction of … Read more

Beautiful Brentwood Tower 7 By Shape Properties Will Rise To A Height of 56 Storeys

Beautiful Brentwood Tower 7 By Shape Properties Will Rise To A Height of 56 Storeys

Beautiful Brentwood Tower 7 by Shape Properties Will Rise To a Height of 56 Storeys At a Glance Shape Properties’ The Amazing Brentwood development in Burnaby, Canada, is set to add a 56-storey rental tower with 641 units to its sprawling master plan. Tower Seven will be located on the northwest corner of the 28-acre … Read more

Up To 6 Homes On Single-Family Lots Are Permitted By The BC Government

Up to six homes on single-family lots are permitted by the BC government

Up To 6 Homes On Single-Family Lots Are Permitted By The BC Government At a Glance The Government of British Columbia is implementing changes to allow for more low-rise, multi-family residential developments. These changes override municipal government control over zoning and aim to reform review and approval processes. The new policy, termed “small-scale, multi-unit” buildings, … Read more

The BC Government Will Permit Residential Skyscrapers With Up To 20 Storeys Close To Every SkyTrain Station & Up To 12 Storeys Close To Bus Interchanges

The BC government will permit residential skyscrapers with up to 20

20 Storeys Close To Every SkyTrain Station & Up To 12 Storeys Close To Bus Interchanges At a Glance The Government of British Columbia has introduced new legislation to encourage high-density, transit-oriented development in the areas surrounding major transit hubs, including SkyTrain stations and bus exchanges. This move aims to combat the housing affordability and … Read more

Breaking Mortgage News: Lenders Slash Fixed Rates by Up to 30 Basis Points & The Finance Committee Urges The Government to Prevent The RBC-HSBC Deal

Breaking Mortgage News Lenders Slash Fixed Rates by Up to 30 Basis Points

Breaking Mortgage News & RBC-HSBC Deal At a Glance Mortgage providers in Canada have been reducing fixed mortgage rates in response to a sharp decline in bond yields. Over a dozen national mortgage providers have dropped their rates by 10 to 30 basis points, with most rate changes concentrated in the 3- to 5-year terms. … Read more

Market Participants Are Anticipating An Initial Rate Cut As Soon As April 2024

Market Participants Are Anticipating An Initial Rate Cut As Soon As April 2024

Market Participants Are Anticipating An Initial Rate Cut As Soon As April 2024 At a Glance A survey of economists and analysts conducted by the Bank of Canada shows that many expect the bank’s first rate cut to happen by April 2024. Respondents expect a 25 basis point cut in April, with rates falling by … Read more

Over 900 Homes are Set to be Built in a Significant Development in South Burnaby

Over 900 Homes are Set to be Built in a Significant Development in South Burnaby

The 900+ Homes at a Glance Southgate City Homes has proposed a new neighbourhood in South Burnaby, which would include 934 homes, including 819 market strata condos and 115 non-market rentals. The Courtyard neighbourhood would feature two strata condo towers at 44 storeys and 36 storeys, along with two six-storey buildings, one for strata condos … Read more

Burnaby Gives Green Light to 5 New Metrotown Towers Boasting 60 Storeys and Over 2,000 Homes

The 5 New Metrotown Towers at a Glance The Burnaby city council has approved the second phase of the Concord Metrotown development, which includes five high-rise towers with over 2,000 homes. The development will consist of mixed-tenure buildings with strata condos, market rental and non-market rental homes, as well as an office/hospitality tower. The project … Read more

The Bank of Canada 5% Rate Hold

The Bank of Canada 5% Rate Hold

The Bank of Canada 5% Rate Hold at a Glance The Bank of Canada has decided to keep interest rates unchanged for the second time in a row, but expressed ongoing concerns about inflation risks and price pressures. The overnight target rate remains at 5.00%, and the Bank acknowledged that monetary policy is effectively curbing … Read more