Weekly Buzz: Fraser Valley multi-family sales and foreign buyer tax anniversary

September 25, 2017 10:13 am


The week’s top stories cover everything from the Fraser Valley housing market feeding frenzy to Lower Mainland price reductions in prime markets following the introduction of the foreign buyer tax last year. The tax came into play in in August 2016 and since then, areas of Vancouver and Richmond have seen home sales and prices negatively impacted. In the industrial market, owners and developers are considering densifying their properties to compensate for the lack of available, industrial-zoned land. Meanwhile, in New Westminster, commercial projects are punching up the city’s real estate market.

Here is Western Investor’s pick of the top commercial real estate stories published this week.

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