Klein Group Royal LePage

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Klein Group is a multiple award-winning team of advisors, specializing in Commercial & Residential Sales and Project Marketing.

https://linktr.ee/klein.group

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MOBILE HOME PARK & DEVELOPMENT LAND FOR SALE. Salmon Arm, BC. This beautiful 18 unit mobile home park is completely surrounded by 154 acres of zoned land for expansion and future development, a 2 minute walk from the corner store, library, community hall and elementary school of Silver Creek – only a 12 minute drive to Salmon Arm. Visit http://bit.ly/SalmonArm-MHP for more information.

#kleingroup #mobilehomepark #salmonarm #salmonarmbc #mhpo #realestateforsale  #cre #royallepagecommercial  #vancouverrealestate 
BC mobile home park market reports 2018: http://bit.ly/KG-MarketReports 
Register for exclusive mobile home park listings: http://bit.ly/kleingroup-mhp

@eaglehomes, @srihomesllc, @countrysidemodular @dailyviewbc
Sulu’s development management background enables her to directly understand the motivations, priorities and concerns of developers and communicate with them effectively.

To receive an advance copy of Sulu's newest exclusive listings, market insights, or segmented market reports, register here: http://bit.ly/KG-Sulu
Done Deals! The Western Investor has featured our commercial brokerage's work in the industrial sector. 
Dean Thomas and Dmytro Chernysh completed three transactions this past quarter on Kingsway in Port Coquitlam for $865,000 (12 days on market), 1.95 Acres in Pitt Meadows for $2.65M (30 days on market) and in Maple Ridge a one acre industrial lot for $1.18M (5 days on market). If you are looking to purchase an industrial investment or wanting to maximize your industrial asset please contact them. 
Subscribe to their industrial market reports and be emailed their exclusive commercial real estate investment opportunities!

For Dmytro's in-depth market reports:
http://bit.ly/KG-DmytroChernysh

For Dean's in-depth market reports:
http://bit.ly/KG-DeanThomas
GVA Industrial Sales Down In Q1-2019, But Less Than Most Sectors

Commercial real estate sales were slow almost across the board in the Vancouver area during the first quarter of 2019.

However, of the main asset classes Industrial sales faired the best except for Office Sales. In Q1-2019 there were 61 Industrial transactions, down 29% from Q1-2018’s 86, and down 35% from Q1-2017’s 94. On the volume side, Q1 was down 18% from one year ago and down 24% from two years ago. And while Q1-2019 Industrial transactions were down in each community, volume sales were up in Burnaby (.2%), North Vancouver (116%), Tri-Cities (28%) and Vancouver (1%). To view, download or subscribe to Klein Group’s in-depth Industrial and other Commercial Market Reports, please go to kleingroup.com/real-estate-market-reports/
Office Sales The Only GVA Commercial Sector Up In Q1-2019

Though commercial real estate activity was very slow in the Vancouver during the first quarter of 2019, there was one bright light among the asset classes: Office sales.

In fact, not only were Office sales the only class whose volume was up from Q1-2018, but sales were also up from Q1-2017 (which, at the time, had been considered a strong quarter). Dollar sales jumped 34% from one year ago and 3% from two years ago primarily due to strong performances in Vancouver (up 49%), Richmond (up 1565%), Surrey (up 87%) and Tri-Cities (up 100%). On the transactions side, Q1-2018’s 49 sales were down just 2% and 12% from Q1-2018 and Q1-2017 respectively.

To view, download or subscribe to Klein Group’s in-depth Office and other Commercial Market Reports, please go to https://kleingroup.com/real-estate-market-reports/
While commercial real estate sales gradually slowed in the Greater Vancouver area throughout 2018, they dropped precipitiously in nearly all asset classes in Q1-2019. One of the worst hit was Residential Land. The quarter saw only 75 transactions, down 55% from Q1-2018’s 167. And volume sales took an even steeper dive – down 75% from one year ago. While all communities were down significantly, the biggest drops were in Tri-Cities (89%), Vancouver (83%), Burnaby (82%) and North Vancouver (72%). For detailed information about Residential Land sales in each of Greater Vancouver's main communities, check out Klein Group's in-depth, Residential Land Report, as well as our other Commercial Market Reports, at https://lnkd.in/gvX8pEc . They're all designed to help you make more informed investment decisions.
Retail Hit Hardest In Q1 Among Commercial Real Estate Sectors -- For the most part, commercial real estate sales slowed considerably throughout the Greater Vancouver area during the first quarter of 2019. In terms of volume, the hardest hit among the asset classes was Retail. In Q1-2019 volume fell 78% and 92% from Q1-2018 and Q1-2017 respectively, with every community down. On the transactions side, the quarter was down 42% from one year ago and 57% from two years ago. However, the number of transactions were up slightly from Q1-2018 in Richmond and New Westminster. 
Check out Klein Group's in-depth Retail and other Commercial Market Reports at ://bit.ly/KG-MarketReports -- all designed to help you make more informed buying, owning and selling decisions.
Check out this Globe & Mail article which compellingly suggests that the Federal, Provincial and local governments should begin focusing less on economic policies that reduce housing demand, and begin focusing on initiatives that create more supply.

After three years of squeezing demand, governments should target housing supply

Josef Filipowicz and Steve Lafleur

Three years ago, the British Columbia government dramatically increased the property transfer tax rate paid by foreign nationals and corporations purchasing residential real estate in Metro Vancouver, followed by a host of similar policies – including a “speculation and vacancy tax” on homes deemed underused by the province, and an “empty homes tax” in Vancouver proper.
Other parts of Canada took note, with Ontario also raising the property transfer tax rate on foreign nationals in the Toronto area. And the Trudeau government imposed a new “stress test” on mortgage applicants in 2018. All these initiatives share a common assumption – that there’s too much demand for housing in Canada’s most expensive cities and, to boost affordability, something must be done to reduce that demand.

https://www.theglobeandmail.com/business/commentary/article-after-three-years-of-squeezing-demand-governments-should-target/
Commercial real estate sales in all asset classes slowed throughout the Greater Vancouver area during the first quarter of 2019. In the case of Industrial and Commercial Land there were just 28 transactions, down 50% from Q1-2018’s 56 and down 60% from Q1-2017’s 70. At the same time, volume was down 52% and 67% from Q1-2018 and Q1-2017 respectively. The quarter’s only increase was in Burnaby, where volume was up 8% on the same number of transactions as Q1-2018. Otherwise, Richmond, Surrey and Vancouver were down from one year ago, while New Westminster, North Vancouver, Tri-Cities and West Vancouver saw no sales. 
Check out Klein Group's in-depth Industrial and Commercial (ICI) Market Report at ://bit.ly/KG-MarketReports -- designed to help you make more informed buying, owning and selling decisions.

#kleingroup #royallepage #commercial #realestate #marketreports #cre
West coast portion. #fresh #freshfish #spotprawns #westcoast #todayscatch #dungenesscrab #bcday #happybcday #longweekend
A recent Colliers International Report, quoted in Business In Vancouver, highlighted that Vancouver office construction is currently among the most intense in North America.

That dovetails with the fact that of all the six commercial real estate asset classes, only Office sales volume was up in Q1-2019 from Q1-2018 -- and it was actually up from Q1-2017 as well.

You can find the BIV article at :
https://biv.com/article/2019/07/vancouvers-office-construction-sector-setting-torrid-pace

You can find and download Klein Group in-depth, Q1-2019 Office Market Report for all of GVA's communities at:
https://kleingroup.com/real-estate-market-reports/
Multifamily Apartment real estate sales were generally slow during Q1-2019 as part of a broader pattern across the Greater Vancouver area. Transactions were down 48% and 62% respectively from Q1-2018 and Q1-2017, while volume was down 19% and 76% respectively. Although volume was up in Burnaby, North Vancouver and West Vancouver, it was down in Vancouver and New Westminster; and there were no sales in Richmond, Surrey and Tri-Cities. 
Check out our in-depth Multifamily Apartment and other Greater Vancouver Commercial Real Estate Reports at: http://bit.ly/KG-MarketReports