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Arbutus Village Shopping Centre MLS® Listings
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Building Info
Arbutus Village Shopping Centre 4255 Arbutus Street, Vancouver, BC, Canada, V6L 3C8.
Larco Investments Ltd. is renovating the seven-acre mixed-use site currently Arbutus Shopping Centre. The existing Safeway will be moved to a different part of the new development.
Phase one involves Blocks A and B. Block A will have 100 units of dedicated rental housing - to senior and 50 family units -, 115 market rental units, as well as the Safeway and a restaurant.
Block B will have 170 market rental units and retail space.
Block C and D will include 115 residential units. Located on the west side of the site. Construction to start after phase 1 is complete.
Amenities in the new development will include; a neighbourhood house, a seniors centre, a recreation centre with an indoor swimming pool for strata owners, a public square and urban agriculture.
B.C. real estate market frozen over COVID-19 uncertainty
The list of causes for this uncertainty is long, from personal health well-being to job security to newly announced policies such as the B.C. government’s ban on rental evictions, according to real estate agents.
Landlords, renters to get help from British Columbia government
It is introducing a new rental supplement to pay up to $500 a month towards rent payments, building on provincial and federal support already announced.
In a press statement, the central bank said this “unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic.”
Point2Homes also tracked Google Trends and found search activity related to homebuying has also fallen. Searches for “real estate” had fallen by over 25 percent between March 9 and March 16, with “homes for sale” searches declining by almost half over the same period.
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