{"id":448,"date":"2014-11-30T22:58:00","date_gmt":"2014-11-30T22:58:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2014\/11\/30\/is-vancouver-real-estate-marke\/"},"modified":"2015-06-01T19:40:45","modified_gmt":"2015-06-01T19:40:45","slug":"is-vancouver-real-estate-marke","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2014\/11\/30\/is-vancouver-real-estate-marke\/","title":{"rendered":"Is the Vancouver real estate market outpacing BC\u2019s economy?"},"content":{"rendered":"

Institutions want in. Private capital still wants in. So does foreign flight capital.<\/i><\/b>
\n
<\/b>
\nBy Robert Frank<\/b>
\nwww.sqft.ca<\/a><\/p>\n

\u201cEveryone seems to want a piece of real estate in Vancouver,\u201d remarked Premise Properties president Avtar Bains. \u201cTremendous demand is keeping prices aggressive.\u201d<\/p>\n

\u201cPeople want more real estate where the next generation of economic growth will happen,\u201d he explained. \u201cWe still trade at some of the lowest yields in the country. Plus, the worse things get outside Canada, the more attractive we become as a safe haven for capital.\u201d<\/p>\n

\u201cEvery asset class is thriving,\u201d Bains continued. \u201cThere\u2019s hot demand for all key asset classes: Industrial. Retail, if you can find the product. Office space downtown and along transit lines. In multi-family, there are far more buyers for apartment buildings than there is supply.<\/p>\n

He added that even the hotel sector is witnessing a strong comeback, after more than a decade of doldrums.<\/p>\n

\u201cThere\u2019s more liquidity in hotels than we\u2019ve seen since the events of 2001 in the United States,\u201d Bains observed.<\/p>\n

The runaway success of Vancouver\u2019s Skytrain means that transit-oriented developments will command top returns, he predicted.<\/p>\n

\u201cNo question about it,\u201d Bains declared unequivocally. \u201cThey definitely have a leg up on developments that are not located close to transit.\u201d<\/p>\n

\u201cIf you have an office, residential retail or even an entertainment building that\u2019s associated with Vancouver\u2019s excellent rapid transit system, it will typically enjoy less vacancy as well as higher rents and employee retention,\u201d he said. \u201cIt\u2019s clean, bright, modern, efficient and really inviting.\u201d<\/p>\n

\u201cI was arrogant about taking public transit,\u201d Bains confessed. \u201cI would drive everywhere. Now, I almost always take the Skytrain to the airport. If you can get people like me on board, it\u2019s fantastic! No one in Canada comes close to Vancouver\u2019s commute.\u201d<\/p>\n

\u201cEveryone takes it,\u201d he concluded, \u201cwhether you live here or are just visiting.\u201d<\/p>\n

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<\/i><\/div>\n
\nNote: This report appeared on page 54 of the Spring 2014 issue of Canadian Real Estate Magazine.<\/i><\/div>\n

<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Institutions want in. Private capital still wants in. So does foreign flight capital. By Robert Frank www.sqft.ca \u201cEveryone seems to want a piece of real estate in Vancouver,\u201d remarked Premise Properties president Avtar Bains. \u201cTremendous demand is keeping prices aggressive.\u201d \u201cPeople want more real estate where the next generation of economic growth will happen,\u201d he<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-448","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nIs the Vancouver real estate market outpacing BC\u2019s economy? - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2014\/11\/30\/is-vancouver-real-estate-marke\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the Vancouver real estate market outpacing BC\u2019s economy? - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"Institutions want in. 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