Weekly Buzz: Major land deals face red tape while other developments move ahead

June 9, 2017 4:18 pm

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Commercial developments are getting greenlight all across Metro Vancouver, but in some cases, new housing reminds backlogged by red tape. In this week’s top stories, we take a look at a record-breaking amount of land sales slated for housing that are facing delays and contributing to the shortage of new, available townhouse and condo units. Meanwhile, a commercial redevelop to an iconic downtown Vancouver hotel is moving forward.

In other news, a new report breakdown the demographic of recent home purchasing, revealing some surprising statistics. In Victoria, B.C., the owner of one of the city’s largest parcels of residential land is now considering selling or redevelopment.

Here are Western Investor’s pick of the top four most-buzzworthy commercial real estate stories published this week.

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