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Building Info
The Oxford - 1500 Oxford Street, White Rock, BC V4B 3R5, Canada. Crossroads are Oxford Street and Vine Avenue. This development features a 21-storey (Building A) building with 55 units and a 24-storey (Building B) building with 66 units. A collection of 121 stunning Sky Homes with unparalleled island and ocean views. 2 bed, 2 bed + den, 3 bed and 3 bed + den homes. Ranging in size from 2,000 sq ft to 7,600 sq ft. Developed by Elegant Development Inc.. Architectural design by Chris Dikeakos Architects, Inc..
Nearby parks include Southmere Village Park, Centenial Park and Beach. Nearby schools are Eaton Arrowsmith School White Rock, H.T. Thrift Elementary, Semiahmoo Secondary School, White Rock Elementary and Earl Marriott Secondary School. Nearby grocery stores are Country Sun Natural Foods Ltd, Buy-Low Foods, Pinoy Tambayan Filipino Store, Seaside Farm Market & Grocery, White Rock Supermarket Ltd, Howes Market, Famiglia Fine Foods, Save-On-Foods, SEASIDE SUPERMARKET-FOODS OF THE WORLD and Fairmarket. Steps away from bus stops and Whiterock South Surrey Public Health Office. Walking distance to Horst & Emmy Werner Centre for Active Living, White Rock Pier Walk and Semiahmoo Shopping Centre. Short drive to Peace Arch Hospital, South Surrey Recreation Centre, Softball City, White Rock Pier, Surrey Libraries - Semiahmoo Library and Canada-United States Border.
B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
High-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Driven by persistent return-to-in-person challenges, local companies are leveraging office space data to optimize the physical spaces they occupy.
Employee commute times and office space utilization data are informing companies’ strategies for encouraging in-person work and optimizing office layouts to meet long-term goals, according to those who spoke toBIV.
“As companies are revisiting or choosing to revisit their office space, they’re looking at a year to two years of real good data of who’s coming in, how often, what are they doing and what’s the purpose of the office for those people,” said Alain Rivère, vice-president of the high technologies group at CBRE.
Detached home starts decline as condo, townhome starts boom in 2023
The West Coast housing market saw a significant boost in construction activity last year, according to a new report by the Chartered Professional Accountants of British Columbia (CPABC).
The annualBC Check-Up: Investreport found that construction began on 35,553 housing units in southwest B.C. during the year, a 20.9 per cent jump compared with 2022. This marks the highest number of housing starts ever recorded in the region.
“Our members living in the Lower Mainland have consistently reported that housing prices are the biggest challenge facing B.C. businesses,” said Lori Mathison, president and CEO of CPABC, said in an April 18 statement.
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