News

  • The Urban Development Institute (UDI) hosted their annual Fraser Valley Forecast Lunch yesterday (June 18th, 2015) with presenters touching on the state of the economy, highlighting current market data, warning everyone of a major shift in demographics and noting a couple significant trends in residential real estate product.

    BC’s Economy Maintains Strength
    The Canadian economy continues to be a bit lethargic as a result of the low oil prices and this is the primary driver of Canada’s slight retraction in growth, the first in nearly…

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  • This article, Industrial construction activity rises, Fraser Valley townhome sales strengthen, by Peter Mitham was originally published on June 16, 2015 in Business in Vancouver

     

    Industrial squeeze
    Surveying the latest industrial market reports, it seems that there’s no time like the present to jump into the market.

    According to Avison Young, the current wave of industrial construction, set to complete this year, is occurring on land that cost little relative to where values have soared in recent years.

    “As developer…

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  • This article, Record-breaking investment in Greater Vancouver CRE, by Steve McLean was originally published on Property Biz Canada on the Real Estate News EXchange on June 10, 2015

     

    Investment in Greater Vancouver commercial real estate has been building nearly every quarter since the market-correction low of early 2009, but activity in the first quarter of 2015 still set a record in terms of overall investment.

    GVA TransactionsLast year closed with an all-time quarterly record in terms of overall investment and the most …

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  • UDI Pacific’s ‘State of the Market’ quarterly publication for Q1-2015 was published on May 21st, 2015.

    The report provides up to date statistics and trends on the new home and re-sale housing markets as well as the amalgamation of relevant economic statistics that impact the housing market. The report also includes the Housing Affordability Index which is derived from Urban Analytics’ New Home Source database. The Affordability Index is a benchmarking tool for identifying trends in affordability for the new home market.

    Below are…

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  • This article, B.C. to lead Canada in economic growth in 2015: BMO by Tyler Orton, was originally published in Business in Vancouver on May 4, 2015.

    B.C. is poised to lead the provinces in economic growth for the first time in a decade, according to BMO’s Blue Book report.

    The projection echoes statements BMO economist Robert Kavcic made last week when he noted Alberta’s economic slowdown would knock the province out of the top spot, leaving B.C. as the No. 1 performer.

    The BMO Blue Book, which uses the expertise of BMO economi…

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  • Source: NewsReal, Finance Minister says BC is an easy sell, published April 29, 2015

    BC Finance Minister Mike de Jong says one of his key jobs as an elected official is to act as a salesman for the province. Fortunately, as he explained in an exclusive Fraser Valley Real Estate Board presentation on April 17, that task is not hard to do.

    Fresh on the heels of releasing a balanced provincial budget, Minister de Jong had plenty of positive news to share about the province. BC not only has a balanced budget for 2014-2015, it has:

    A fore…

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  • In recent news Vancouver land assembly deals have seen multi and single family residences selling for a premium. For example, nine contiguous lots assembled recently along the south end of Granville Street, sold for $33.4 million, or an average of $3.7 million per lot, more than double their assessed property values of approximately $1.7 million each.

    These types of land assemblies are often initiated by community plans that designate higher-density zoning, for example a plan may suggest the land could be developed to a 2.5 floor space rat…

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  • Owning old apartment buildings is perhaps the best real estate play in Canada. This was one major take away for attendees of the Vancouver Real Estate Forum held on April 9.

    Half-century-old wood frame apartment building make up 85% of Metro Vancouver’s 105,000 multi-family rental market. Most buildings are full (Metro Vancouver’s rental vacancy rate is only 1.4%), landlords pay the lowest mortgage rates (as low as 1.9%) and the value of their properties have skyrocketed (per-door prices average more than $230,000 across the region, u…

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  • Fraser Valley home sales were up nearly 47.5% year over year in March. Sales of townhomes are driving the increase, with townhome and detached-home prices up over last year, while condo prices have fallen by nearly 3% on average.

    Check out the infographic below with key figures and benchmark prices broken down by area. Read the whole analysis at Real Estate Weekly. View Frontline Real Estate Services’ current residential projects.

     

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  • Ivanhoé Cambridge and partner are currently developing Tsawwassen Mills on 108 acres leased from the Tsawwassen First Nation. It is currently the largest enclosed mall being built in Canada and is scheduled to open in mid-2016.

    This article British Columbia’s biggest real estate deal in 2014 did not involve a land sale by Frank O’Brien was originally published in Business in Vancouver on March 24, 2015

     

    A landmark agreement between Canada’s second-largest pension fund and a tiny aboriginal band not only topped Business i…

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  • Hostess Required Frontline’s Project Marketing team is seeking a hostess for their sales centre at GEORGE, a new townhome site in South Surrey. This is a great opportunity for someone seeking experience within the real estate industry. We are looking for a professional and reliable individual. Below are some tasks the hostess is responsible for:

    Greeting customers
    Assisting the sales manager
    Maintaining show home cleanliness
    Assisting with on site marketing (putting balloons on signage, etc.)

    Hours; Monday, Thursday, Saturday &…

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  • UDI Pacific’s ‘State of the Market’ quarterly publication for Q4-2014 was published on March 2nd, 2015. The report provides up to date statistics and trends on the new home and re-sale housing markets as well as the amalgamation of relevant economic statistics that impact the housing market. The report also includes the Housing Affordability Index which is derived from Urban Analytics’ New Home Source database. The Affordability Index is a benchmarking tool for identifying trends in affordability for the new home market.

    Below are …

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  • This article Suburbs lure headquarters by Scott Sullivan and Frank O’Brien was first published in Business in Vancouver on March 4, 2015.

    Metro Vancouver suburbs are upping their game in a bid to attract company headquarters, sometimes from Vancouver’s downtown.

    “A number of factors tend to drive these decisions in the suburbs,” said Avison Young principal Bill Elliott.” One of the most important factors is human resources — where staff live, [and] where clients located.”

    Hemmera Envirochem Inc. an environmental c…

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  •  

    It is with great pleasure that we announce that McBride Station is officially SOLD OUT!

    “South of the Fraser River, nestled in a small grove of trees on the edge of historic Fort Langley, you’ll find a place where tradition meets modernity, where rural pleasures coexist alongside urban convenience, and where sophisticated small-town living is a reality.”

    This mix proved to have great appeal to empty nesters, downsizers and families alike. “It was the perfect storm of location, quality homes, customization and a very …

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  • This article, Victoria’s Bay Centre sold by Frank O’Brien, was originally published in Business in Vancouver on February 24, 2015

    The Bay Centre in Victoria has been sold to a Toronto-based Standard Life Assurance Company real estate fund in what Avison Young said will “likely be one of the largest commercial real estate transactions in the province in 2015.”

    The off-market sale of the 407,000-square-foot centre, a four-level enclosed regional mall on approximately three acres of land in the heart of the B.C.’s capital …

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  • The Bank of Canada’s (BoC) surprising January cut in the overnight lending rate to 0.75% from 1% could be the beginning of more BoC cuts to the benchmark interest rate.

    Vancouver mortgage broker Peter Kinch and others believe economic uncertainty triggered by slumping oil prices could drop lending rates to unprecedented lows.

    “I think we will see another Bank of Canada rate cut in March,” said Kinch, a mortgage consultant with Dominion Lending Centres.

    He predicts the BoC will reduce its overnight lending rate to 0.5% on March 4,…

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  • This story Top economic forecaster predicts Surrey will shine in the midst of national volatility by Patrick Blennerhassett was first published in Business in Vancouver on Feb. 6, 2015.

    At a time when Canadians’ growing debt-to-income ratios are triggering dire financial warnings, one of Canada’s top economists came to Surrey bearing good news yesterday.

    “Surrey has a lot of things going well for it right now, with its population increase, location close to the border and affordability in terms of real estate,” said Douglas …

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  • Frontline Real Estate Services Ltd. Adds Two New Owners Following $100 Million in 2014 Sales

    Vancouver, British Columbia: February 3, 2015 – Frontline Real Estate Services Ltd. (“Frontline” or the “Company”) is pleased to announce that Mr. Owen Yates of Frontline and Mr. Derek Senft of Pender West Capital Partners Inc. and Tricor Pacific Founders Capital Inc. have joined Co-Founder Mr. Justin Mitchell as owners of the Company as part of a buy-out transaction that took place on January 23, 2015.

    The expanded ownership group strengt…

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  • This article Imperial Oil sells 232 acres in Anmore to novice developer by Frank O’Brien was originally published in Business in Vancouver on Jan. 16, 2015, 10:20 a.m.

    A novice Vancouver developer has bought 232 acres of land in Anmore and Port Moody from Imperial Oil.

    The deal, which closed last week, two years after Imperial put the site on the market, includes the historic and dilapidated Ioco townsite in Port Moody and a huge section of raw land in Anmore.

    The land is located on the eastern edge of Imperial Oil’s 600 ac…

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  • This article Vancouver churches unlocking their land value by Kerry Gold was originally published in The Globe and Mail on January 9, 2015

    Urban churches are sitting on some of the priciest real estate in the province, and they’re using the situation to their advantage.

    Churches are wisely making their land holdings work for them by partnering with developers to boost revenues and, in some cases, provide affordable housing.

    Lynn Valley United Church has partnered with Marcon Developments to redevelop into a smaller church bu…

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  • This article Transit attracts office tower to Port Moody by Jeremy Deutsch was originally published in Tri-Cities Now on February 2, 2015.

    By the summer of 2016, the first Evergreen Line trains will be pulling into the Inlet Centre station in Port Moody.

    And overlooking the transportation hub opening up around the same time will be a nine-storey office tower in Suter Brook Village, that once completely occupied could be home to hundreds of workers.

    The Onni Group, which is building the tower, held a ground-breaking ceremony Mond…

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  • Real estate developers who came to market in the past year selling rather than leasing commercial space are finding a receptive and steady market across Metro Vancouver.

    Strata commercial space has traditionally accounted for a fraction of the overall commercial market, but its popularity has been increasing over the past three years.

    A new survey by Bramwell & Associates Realty Advisors shows the average price of retail strata space was $429 per square foot in the fourth quarter of 2014, up slightly from $426 in the same period a yea…

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  • McBride Station in Fort Langley, developed by Lanstone Homes Ltd. and marketed by Frontline Real Estate Services

    Metro Vancouver at “Low-Risk” for Over-Valuation

    According to the Canadian Mortgage and Housing Corporation, the Vancouver real estate market is at “low-risk” for overvaluation. Between January and September of 2014, Vancouver saw price growth of 6.3%, on track with the increase in personal disposable income and long-term population growth. When compared with Toronto, who during the same time period saw an 8.1% price g…

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  • Frontline Real Estate Services is excited to announce that as of January 1st, 2015 we will have a new home located in The Langley 200 Street Business Centre, located in Langley’s 200th Street Corridor.

    The Langley 200th Street Corridor is the new Central Business District (CBD) of the Fraser Valley situated in the neighborhood of Willoughby, which is expected to quadruple in population size by 2040. Our new location will enable Frontline to service the Fraser Valley even better, benefiting from proximity to Highway 1, 200 Street, The Gol…

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  • All new construction will need to adhere to Ashrae 90.1., pictured above is the Campbell Heights Industrial Centre located in the growing Campbell Heights North Business Park in South Surrey, developed by Farrell Estates and to be constructed by Integrated Construction this 44,737 sq. ft. multi-tenant office/warehouse will begin construction January 2015.

     

    Ashrae 90.1 is an internationally recognized standard for energy efficiency in buildings, providing minimum requirements for building envelope, HVAC, service water heatin…

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  • The price of development has increased 18 – 26% in the last two years. Though this increase is due to many varying elements, a main factor is the ever-changing rules that heavily regulate new construction and development. Ashrae 90.1 is one of such factors, introduced in December 2013 it is the current standard for energy efficiency in buildings which provides minimum requirements for building envelope, HVAC, service water heating, electric power distribution, and lighting.

    When looking at the cost implications of Ashrae 90.1 alone…

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  • Transit’s Continued Impact on Suburban Office Market Trends

    From 2005 to 2011 75% of new suburban office space in Metro Vancouver was being built farther than 500 metres from the nearest transit station. This statistic has taken and continues to take a dramatic swing according to The Rapid Transit Index report published by Commercial Real Estate firm Jones Lang LaSalle (JLL). The report noted that from 2012 through 2016, nearly 90% of new office construction, consisting of 28 office developments, outside of downtown Vancouver, will be w…

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  •  

    Frontline is pleased to announce that McBride Station is a finalist in both the Best Townhome Development and Best Project Identity categories of the 2014 Georgie Awards.

    McBride Station is a collection of 52 authentic character townhomes nestled in a grove of trees south of the Fraser River in the heart of historic Fort Langley. The project is developed by Lanstone Homes Ltd. and marketed by Frontline Real Estate Services.

    The Georgie Awards are owned and produced by the Canadian Home Builders’ Association of British Colum…

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  • Jenn Gannon and the team at Gannon Ross Designs used varied shades of white to create comfortable spaces in the George show home.

    This article Different shades of white can be offset by the creative use of bold shapes and colours – George: Show home plays with light, texture by Mary Frances Hill was first published in The Province on November 6, 2014

     

    GEORGE: Show home plays with light & texture

    To interior designers, colour and shade are as important in work as lighting, furnishings and finishes.

    At the display…

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  • UDI Pacific’s ‘State of the Market’ quarterly publication for Q3-2014 was published on November 21st, 2014. The report provides up to date statistics and trends on the new home and re-sale housing markets as well as the amalgamation of relevant economic statistics that impact the housing market. The report also includes the Housing Affordability Index which is derived from Urban Analytics’ New Home Source database. The Affordability Index is a benchmarking tool for identifying trends in affordability for the new home market.

    Below a…

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