KW Commercial Vancouver
3995 Fraser Street V5V4E3 Vancouver, BC, Canada

2020 KW Commercial Stats Production updates (through the end of 2020): *Before audit... KW Commercial Highlights: 6.396B ($912 increase MOM - our HIGHEST for 2020!) 8,749 Units (835u increase MOM - our HIGHEST for 2020!) $139.198 GCI ($16.8mm increase MOM - our HIGHEST for 2020!) Top 3 Specialties OFFICE: $2.340B MULTI-FAMILY: $1.831B RETAIL: $808M Top Regions 1. PENNSYLVANIA GREATER: $662.4M 2. CALIFORNIA WESTSIDE LA: $511.3M 3. NEW YORK - TRI-STATE: $484M Top Market Centers 1. COLLEGEVILLE: $404M 2. STUDIO CITY: $300M 3. CLINTON: $284M Top Associates 1. BUDDY MARTIN: $404M 2. KEVIN FLETCHER: $82M 3. ROBERT STEPP: $79M

Leaders in the Vancouver Real Estate market. Listen to them as they simplify investing and creating wealth in real estate.

Have a look at the artist's renderings for the new St. Paul's hospital, now under construction.

Federal Government Announces Business Loans to Help Retail and Other Hard-Hit Businesses The recently-announced, new federal business loan will provide a lifeline for many retailers and small business owners across Canada who are on the brink of collapse as a result of the punishing economic blow the COVID-19 pandemic has dealt them for nearly a year. The Highly Affected Sectors Credit Availability Program (HASCAP), with the Business Development Bank of Canada, will work with... Canadian financial institutions to offer government-guaranteed, low-interest loans of up to $1 million. Hard-hit businesses, like a chain of hotels or restaurants with multiple locations under one related entity, could be eligible for up to $6.25 million. The pandemic has affected employers across sectors and had a tremendous impact on the jobs and lives of Canadians and Canadian families. Our COVID-19 support programs have worked to protect millions of jobs, but we know that the second wave of this virus continues to weigh on many workers and businesses, said Chrystia Freeland, Deputy Prime Minister and Minister of Finance, in a statement. HASCAP gives those in highly affected sectors like tourism, hospitality, arts and culture new support so they can weather this storm and be ready for a robust recovery that will create jobs and strengthen the middle class.

This would be a great kickstart to reclaiming Granville Street! Iconic entertainment, office, and retail complex proposed for Granville and Robson | Urbanized

Happy Holidays - https://mailchi.mp/08768a8720c3/happy-holidays

PC Urban plans two South Vancouver industrial strata builds, estimated completion 2022.

100 affordable rentals in Marpole

Sub-1% Mortgage Rates Come to Canada Never in history has a Canadian bank advertised a mortgage rate with a zero to the left of the decimal point. Fortunately, there’s a first for everything.... Effective December 4, 2020, HSBC Canadawho’s made a name undercutting its big bank competitionis launching the lowest rate in Canadian history: 0.99%. This is a milestone rate, akin to landmark rates like BMO’s 2.99% 5-year fixed in 2012 and Meridian Credit Union’s 1.49% fixed in 2015. In this case, it’s a variable rate for high-ratio insured purchases only, with a discount equivalent to prime 1.46%. That discount is an all-time low as well, eclipsing the 145-basis-point discount offered by a handful of online brokers in November 2019. But that’s not all. The bank is launching three more record-low rates: 1.39% on a 5-year fixed for high-ratio purchases A record low for a direct-from-lender rate 1.59% on a 5-year fixed for uninsured purchases and switches A record low 1.64% on a 5-year fixed for refinances A record low It’s also got these new uninsured variable-rate offers: 1.29% on a 5-year variable for uninsured purchases and switches 1.34% on a 5-year variable for refinances These are all ongoing rates, not limited-time offers with defined expiration dates. And there are no strings attached relative to HSBC’s regular products. On low-ratio purchases and switches, HSBC is also throwing in $1,000 cash, which covers most of the legal and appraisal fees. Should You Jump on 0.99%? Ask our team now!

BY CURTIS TAYLOR, SENIOR ANALYST | SEPTEMBER 2, 2020 Overall investment activity decreases in the Vancouver commercial real estate market as COVID-19 reality sets in The second quarter of 2020 has offered the first bit of insight into the effects of the COVID-19 global pandemic on the Vancouver commercial real estate market. While certain asset classes remained steady, the decline in overall investment activity is a reflection of the current global situation. Across all asset... classes, there were 317 transactions recorded during Q2 2020 for a total investment volume of $1.5 billion a 50% decrease from Q2 2019. Facing the brunt of the pandemic, the first half of 2020 recorded a total investment volume of $3.7 billion, marking a nearly 30% decrease from the first half of 2019. Share sales, totaling only $500 million, accounted for the majority of the decline from the first half of 2019, falling 71% while asset sales of $3.2 billion fell by just 7% from H1 2019. (Vancouver property transactions all sectors by year)Vancouver property transactions by year - 2010 to Q2 2020 Office sales were down 76% compared to the first half of 2019, due in large part to the benchmark Bentall Centre transaction in Q2 2019 for approximately $1.1 billion. There were two transactions this quarter that accounted for $300 million, or 82% of the office transactions for Q2 2020 (see notable transactions below). The multi-family asset class has remained steady through these uncertain times and investment volume bucked the trend in the first half of 2020, seeing an increase of 58% from the first half of 2019, though volume was down in Q2 2020 versus last year. Industrial space remains in high demand as a result of increased e-commerce activity and the associated warehousing space required, with industrial transaction volume composing 21% of total investment volume in the first half of 2020, up 22% from the first half of 2019. ICI land made up the majority of investments in the first half of 2020 at 23% with a total of $861 million in volume roughly matching last year, but saw a 33% decrease from Q2 2019. According to Altus Group’s Investment Trends Survey Q2 2020 results, while Vancouver cap rates have increased across asset classes, it remains one of the top-preferred markets despite losing momentum. Vancouver single- and multi-tenant industrial assets are among the top-three product-market combinations preferred by investors.

These past months have been anything other than ordinary. I am sure some of you felt overwhelmed by all the difficult, weird stuff going on. COVID-19 has wreaked havoc on our nation and the world. Our economy, job loss, financial devastation, exhausted healthcare workers, not enough supplies, friends and family members testing positive for the virus sometimes it feels like more than any of us can bear and we wonder, when will it go away? This Thanksgiving we are extremely t...hankful for #frontlineworkers #essentialworkers #family #friends #laughter Getting in and staying in a mindset of gratitude is not always easy during the difficult moments in our lives, but shifting our focus to the things we can be grateful for is good for our mental health and good for the soul. What do you have to be thankful for, even during COVID-19?

COVID-19: Government Announces New Rent Program, Improved CEBA and CEWS, CERB Replacement Please note: the federal government is constantly updating their website as new information is announced. Remember to check Canada’s official coronavirus webpage and CREA’s COVID-19 online hub to stay up to date. Following months of lobbying by the Canadian Real Estate Association (CREA) in collaboration with other business groups, today the government announced the Canada Emergency Rent... Subsidy (CERS), as well as enhancements to the Canada Emergency Business Account (CEBA) and the Canada Emergency Wage Subsidy (CEWS). Prime Minister Justin Trudeau unveiled several new initiatives and changes to existing programs. CREA welcomes these announcements and is pleased to see our efforts to keep these programs a part of the conversation have resulted in direct improvements that provide much needed help for our members. The CERS is a new rent subsidy program replacing the Canada Emergency Commercial Rent Assistance (CECRA), providing rent subsidies directly to businesses, rather than landlords. It will support businesses, charities, and non-profits that have suffered a revenue drop, by subsidizing a percentage of their expenses, on a sliding scale, up to a maximum of 65% of eligible expenses until December 19, 2020. Organizations would be able to make claims retroactively for the period that began September 27 and ends October 24, 2020. A top-up subsidy of 25% for organizations temporarily shut down by a mandatory public health order issued by a qualifying public health authority will also be available in addition to the 65% subsidy. In other support for businesses, the CEWS has been extended until June 2021, as promised in the Speech from the Throne, and will remain at the current subsidy rate of up to a maximum of 65% of eligible wages until December 19, 2020. For more information, visit the CEWS website. It was also announced CEBA has been expanded. Eligible businesses will be able to access an interest-free loan of up to $20,000, in addition to the original CEBA loan of $40,000. Half of this additional financing would be forgivable if repaid by December 31, 2022. Additionally, the application deadline for CEBA is being extended to December 31, 2020. For more information, visit the CEBA website.

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