{"id":145,"date":"2014-11-05T19:41:11","date_gmt":"2014-11-05T19:41:11","guid":{"rendered":"http:\/\/chrisbrownrealestate.ca\/blog\/?p=145"},"modified":"2014-11-05T19:41:11","modified_gmt":"2014-11-05T19:41:11","slug":"vancouvers-real-estate-forecast-to-stay-hot-into-2015","status":"publish","type":"post","link":"https:\/\/www.chrisbrownrealestate.ca\/blog\/vancouvers-real-estate-forecast-to-stay-hot-into-2015\/","title":{"rendered":"Vancouver\u2019s real estate forecast to stay hot into 2015"},"content":{"rendered":"
\"Recently<\/a>

Recently completed and sold out Cove Garden townhomes in Deep Cove.<\/p><\/div>\n

Foreign money and a robust provincial economy will preclude any cooling of Vancouver\u2019s red-hot property market next year, according to a major real estate study being released Wednesday.<\/p>\n

Office space is the one real-estate category where an oversupply is forecast in the city, to be accompanied by potential downward pressure on pricing.<\/p>\n

That assessment comes courtesy of a voluminous annual report, titled Emerging Real Estate Trends 2015, issued jointly by the Urban Land Institute and PricewaterhouseCoopers.<\/p>\n

It describes Vancouver\u2019s market as one of the country\u2019s \u201cbest bets\u201d in 2015, fourth strongest in the country in terms of investment, development and housing.<\/p>\n

Vancouver trails Calgary and Edmonton, boosted by Alberta\u2019s resource industry, and Toronto, where a still-strong condo market is being bolstered by people flocking to live downtown, in more compact spaces.<\/p>\n

The report\u2019s bullishness on Vancouver is tied to a recent Conference Board of Canada prediction that, during the next three years, the West Coast city will lead all other major urban centres in economic growth \u2014 with a 3.2-per-cent annual increase in output.<\/p>\n

The report also cites the role being played by Greater Vancouver\u2019s relatively new tech industry.<\/p>\n

And, of course, Vancouver is \u201ca hedge city.\u201d<\/p>\n

It \u201clacks the cachet of Paris or Milan,\u201d opines the report. \u201cBut it does offer … a place for the world\u2019s super-rich to park sizable funds in local real estate as a hedge against risk.<\/p>\n

\u201cReturns aren\u2019t the point; safety of capital is, and a $5-million condo is more insurance policy than investment.\u201d<\/p>\n

The report also notes that foreign buyers, mainly from Hong Kong and China, account for the purchase of about 40 per cent of the luxury homes and are \u201cone of the key reasons Vancouver real estate prices continue to rise.\u201d<\/p>\n

 <\/p>\n

Read more:\u00a0http:\/\/www.vancouversun.com\/business\/Barbara+Yaffe+Vancouver+real+estate+forecast+stay+into+next+year+study+finds\/10312696\/story.html#ixzz3IDyfSv64<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Foreign money and a robust provincial economy will preclude any cooling of Vancouver\u2019s red-hot property market next year, according to a major real estate study being …<\/p>\n","protected":false},"author":2,"featured_media":146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[10,54],"tags":[57,316,56,55,40],"class_list":["post-145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-statistics","category-real-estate-news","tag-buyer-influences","tag-city-of-north-vancouver","tag-economics","tag-market-news","tag-north-vancouver"],"_links":{"self":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/145"}],"collection":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/comments?post=145"}],"version-history":[{"count":1,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/145\/revisions"}],"predecessor-version":[{"id":147,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/posts\/145\/revisions\/147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media\/146"}],"wp:attachment":[{"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/media?parent=145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/categories?post=145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbrownrealestate.ca\/blog\/wp-json\/wp\/v2\/tags?post=145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}