Metro Vancouver Retail, Office, And Industrial Leasing News: March 2024

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Howard is a Staff Writer based in Burnaby who covers real estate and commercial real estate, with a focus on housing policy and the development industry.

Popular women's clothing retailer Aritzia is set to open their first store in the Kitsilano neighbourhood of Vancouver after agreeing to lease a space in the West 4th Avenue retail corridor this month. Aritzia will occupy the unique museum-like building that sits at the corner of West 4th Avenue and Yew Street.

Although cottage, cabin, and chalet prices are set to appreciate the most dramatically in Ontario, Royal LePage is calling for price growth across all provincial recreational markets in 2024.Ontario Liberals Push For Fourplexes Province-Wide In Proposed Housing Bill MPP Adil Shamji tabled the BUILD Ontario Act on Tuesday, which draws from Ontario’s Housing Affordability Taskforce from 2022.This gorgeous, European-style mansion transports one into the great halls of a Parisian manor, with its renaissance design and stunning 25-foot, expansive ceilings.With January's 2.9% inflation rate followed by February's promising 2.8%, it certainly seems like a promising downward trend has emerged, leaving Canadians eager for rate cuts.

Toronto agents say first-time buyers are flooding into open houses and dominating offer nights, which is something they haven’t seen happen since the Bank of Canada began to turn up the heat on interest rates.The Last "Uneventful Month"? Canada's Home Price Decline Comes To A Halt In February “It’s looking like February may end up being the last relatively uneventful month of the year as far as the 2024 housing story goes,” said Shaun Cathcart, CREA’s Senior Economist.

 

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