RE:March madness.wynner wrote: MD&A Dec.
Development Properties
Trails 1B, consisting of 48 units, is now under construction with completion expected by March 2024, of which the Company owns a 42.86 Trails 1B, consisting of 48 units, is under construction with completion expected by March 2024; the Company owns a 42.86 % interest. The project is proceeding without pre-sales and we will market the units once complete.
The Company continues to make progress with the approval process for various proposed development projects:
Could go up a bit here. lol. Being an acute shortage of housing in Vancouver and all.
Bring it on.
The board says there were 4,560 new listings of detached, attached and apartment properties last month, 31.1 per centmore than the same month last year and almost on par with the 10-year seasonal average.
The composite benchmark home price was $1,183,300, up 4.5 per cent from a year ago and up 1.9 per cent from January.
Andrew Lis, the board's director of economics and data analytics, says the uptick in new listings will help relieve some of the pressure that was building in January and offer buyers more choice heading into the spring.
This report by The Canadian Press was first published March 4, 2024.
The Canadian Press