Is North Vancouver the next big real estate play?
Is the North Shore the next big real estate play?
That's the question posed at the April 9 Vancouver Real Estate Forum, which, for the first time in its nearly two-decade history is eying up the North Shore as the next investment hot spot.
The forum is slated to include Park Royal Shopping Centre vice-president Rick Amantea, as well as Beau Jarvis, vice-president of development at Onni, which recently won approval for its 344-unit condo development on Lonsdale Avenue in North Vancouver.
The decision to focus on the North Shore was made by a committee of about 20 real estate executives who cited the overhaul of Park Royal, the Seaspan shipbuilding contract and the possible Kinder Morgan pipeline expansion.
Those elements, combined with a scarcity of land south of the Burrard Inlet, have combined to make the North Shore a fertile ground for fresh foundations, according to Mark Stephenson, vice-president at Informa Canada, the company producing the forum.
"Whether they're developing it now or in two years or five years or seven years, they see the North Shore as a very good opportunity for growth and the demand's there," Stephenson says, discussing developers like Onni and GWL ...
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This entry was posted on April 21st, 2013 | Posted in General