The Rise and Fall of Vancouver’s Current Real Estate Market
The Rise and Fall of Vancouver’s Current Real Estate Market:
An Article by the Globe and Mail
“While the residential real estate market in Vancouver is cooling, sales of commercial properties in the region have skyrocketed…”
– KERRY GOLD, Special to the Globe and Mail
Published Wednesday, November 23, 2016 5:00AM EST
A Brief Summary of the Article
As Vancouver’s housing market cools, commercial property sales soar. Gold reports on the growing anxiety of small, privately owned commercial businesses amidst a “hot real estate market”. Despite the implementation of the foreign buyer’s tax, Gold notes the rising effects of a low interest rate on the commercial real estate market. Overall, Gold explores the growing concerns over Vancouver’s commercial property costs amidst rising commercial real estate sales.
The MPBIA represents hundreds of small, locally-owned businesses in the Mount Pleasant Area. For more information regarding the current commercial real estate market in Vancouver, read the full Article HERE.