Vancouver Regional Matters and Events

Hello. Welcome to the weekly newsletter of curated headlines about city building, urban planning, real estate development, transportation, economics, and other eclectic matters in the Vancouver region and from the rest of the world.

Although it’s still summer season, here’s the fall events for your calendar:

·         Industrial Lands Walking Tour - Mt Pleasant Vancouver. Sept 28, Saturday: www.eventbrite.ca/e/industrial-lands-walking-tour-mt-pleasant-vancouver-with-eric-aderneck-tickets-701410065387

·         Learn the BASICS of Urban Planning - One-Day Live Online Class. Saturday, October 5: www.eventbrite.ca/e/learn-the-basics-of-urban-planning-one-day-live-online-class-tickets-692146347357

·         Learn the ESSENTIALS of Urban Planning - Three Evenings Live Online Course. Wednesdays, Oct 9, 16, 23: www.eventbrite.ca/e/learn-the-essentials-of-urban-planning-three-evenings-live-online-course-tickets-701416715277

Eric Aderneck, rpp, mpl, bcom, dule / eric@aderneck.ca / 604.721.5528

LinkedIn: www.linkedin.com/in/ericaderneck

Industrial Lands: https://mvindustriallands.com

Planning Classes: www.LearnPlanning.ca

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ECONOMY / TAXES

C1 BC Economic Briefing

www.central1.com/pdf_files/b-c-economic-briefing-for-july-26-non-farm-payroll-business-confidence-travel

Bank of Canada Rate Announcement: Two down and more to come

www.central1.com/pdf_files/bank-of-canada-rate-announcement-two-down-and-more-to-come

Faster progress needed on removing interprovincial trade barriers: CFIB report

www.biv.com/news/economy-law-politics/faster-progress-needed-on-removing-interprovincial-trade-barriers-cfib-report-9254925

We're Getting Poorer: GDP per Capita in Canada and the OECD, 2002-2060

www.fraserinstitute.org/studies/were-getting-poorer-gdp-per-capita-in-canada-and-oecd-2002-2060

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BUSINESS / JOBS

Ranked: Average Working Hours by Country

www.visualcapitalist.com/ranked-average-working-hours-by-country

For young people, the fastest route to home ownership runs through the trades

https://financialpost.com/real-estate/mortgages/skilled-trades-fastest-route-home-ownership

New BC regulations spark debate over future of gig workers

www.biv.com/news/new-bc-regulations-spark-debate-over-future-of-gig-workers-9264121

How remote work poses unique challenges to public sector employees

https://theconversation.com/how-remote-work-poses-unique-challenges-to-public-sector-employees-234035

BC Tree Fruits Cooperative ceasing operations, will seek 'court direction'

www.biv.com/news/resources-agriculture/bc-tree-fruits-cooperative-ceasing-operations-will-seek-court-direction-9276176

Imagine your job has already been affected by AI. What advice would you give your past self?

www.biv.com/news/technology/imagine-your-job-has-already-been-affected-by-ai-what-advice-would-you-give-your-past-self-9262860

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HOUSING AFFORDABILITY

Patrick Condon thinks Vancouver doesn't need more market housing

Rethinking Rent Control: Balancing Affordability With Market Dynamics

www.planetizen.com/blogs/130465-rethinking-rent-control-balancing-affordability-market-dynamics

Weak tenancy laws do little to help BC landlords battle ‘cuckooing’ criminals

www.biv.com/news/commentary/rob-shaw-weak-tenancy-laws-do-little-to-help-bc-landlords-battle-cuckooing-criminals-9250827

The rise of purpose-built rental communities: A stable investment in the evolving real estate market

https://realestatemagazine.ca/the-rise-of-purpose-built-rental-communities-a-stable-investment-in-the-evolving-real-estate-market

Canada makes an unprecedented push for multifamily housing

https://grist.org/housing/canada-makes-an-unprecedented-push-for-multifamily-housing

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RESIDENTIAL REAL ESTATE

More Than 75 New Condo Projects On Hold In GTHA Amid “Dislocated” Market

https://storeys.com/76-condo-projects-on-hold-gtha

Canadian Cities Are Moving Into Buyers’ Markets, But Experts Say That Buyers Aren’t Biting

https://storeys.com/buyers-market-buyers-arent-biting

How Immigration and Migration Are Reshaping Canada's Luxury Home Markets

https://storeys.com/luxury-home-markets-canada-sothebys

BC home sales improve as the average Vancouver price hits peak

www.biv.com/news/commentary/data-points-bc-home-sales-improve-as-the-average-vancouver-price-hits-peak-9258995

Downtown Vancouver condo prices fell modestly, while East Van houses went up 18% in 2024

https://vancouversun.com/news/downtown-vancouver-condo-fell-modestly-east-van-houses-up-18-per-cent-2024-report

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COMMERCIAL REAL ESTATE

How Vancouver’s First Nations became Canada’s biggest real estate developers

www.fastcompany.com/91159025/how-vancouvers-first-nations-became-canadas-biggest-real-estate-developers

Why Smart Money Continues to Invest in Vancouver – Wendy Waters

www.vancouverrealestatepodcast.com/podcast/why-smart-money-continues-to-invest-in-vancouver

The future of real estate

www.jll.ca/en/trends-and-insights/research/future-vision-real-estate

Asset classes investors are betting on with commercial real estate in comeback mode

www.theglobeandmail.com/business/industry-news/property-report/article-asset-classes-investors-are-betting-on-with-commercial-real-estate-in

"Let's Just Get The Deal Done": Inside The CRE Rush To Beat The Capital Gains Deadline

https://storeys.com/capital-gains-tax-cre-june-2024

CBRE Canada Cap Rates & Investment Insights Q2 2024

www.cbre.ca/insights/reports/canada-cap-rates-investment-insights-q2-2024

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BUILDING / DEVELOPMENT

Bosa Properties Says Burnaby Policies Make Purpose-Built Rental Projects "Unbuildable"

https://storeys.com/bosa-properties-burnaby-inclusionary-zoning

GWLRA, Hudson Pacific put holds on Vancouver office projects

https://renx.ca/vancouver-office-market-cant-escape-challenges

Gracorp Proposing 34-Storey Tower At Future South Granville Station In Vancouver

https://storeys.com/gracorp-broadway-south-granville-tower

Land Values: Could laneway homes be the key to unlocking new housing in Vancouver?

www.bcbusiness.ca/industries/real-estate/land-values-laneway-homes-new-housing-vancouver-bc

Cedar Coast Planning Langley Mall Redevelopment With 10 Buildings And 1,900 Units

https://storeys.com/langley-mall-redevelopment-cedar-coast

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URBAN PLANNING

Planning Your Planning Career: A Process not a Blueprint

www.planetizen.com/blogs/130427-planning-your-planning-career-process-not-blueprint

Metro Vancouver expected to grow by 50,000 people a year

https://vancouversun.com/news/local-news/metro-vancouver-expected-grow-50000-people-year

Metro Vancouver moving forward with wastewater project audit, international travel ban

https://bc.ctvnews.ca/metro-vancouver-moving-forward-with-wastewater-project-audit-international-travel-ban-1.6979750

Building Where It Matters

www.lincolninst.edu/publications/land-lines-magazine/articles/presidents-message-building-where-it-matters

Downtowns Don’t Matter Anymore

www.thenewatlantis.com/publications/downtowns-dont-matter-anymore

Taking in the view: Cities grapple with how to balance iconic views with building more housing

www.theglobeandmail.com/canada/article-taking-in-the-view-cities-grapple-with-how-to-balance-iconic-views

What elevates a park from a patch of grass into a go-to destination

www.theglobeandmail.com/opinion/article-what-elevates-a-park-from-a-patch-of-grass-into-a-go-to-destination

Surrey reconsiders 3-level houses.

www.surreynowleader.com/local-news/surrey-reconsiders-3-level-houses-7453502

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TRANSPORTATION

TransLink warns half of transit services could be cut without more funding

https://vancouversun.com/news/translink-warns-half-services-cut-without-funding

The Good, the Bad, and the Ethical: A Moral Philosopher's Perspective on Sustainable Urban Mobility

www.planetizen.com/features/130394-good-bad-and-ethical-moral-philosophers-perspective-sustainable-urban-mobility

TransLink collapse: 50% of bus service and 30% of SkyTrain and SeaBus services could be eliminated due to funding shortfall

https://dailyhive.com/vancouver/translink-metro-vancouver-public-transit-service-cuts-2026

Bikeshare Is More Popular Than Ever. But It’ll Cost You.

www.bloomberg.com/news/articles/2024-07-26/nyc-toronto-montreal-bikeshare-programs-more-popular-than-ever?srnd=citylab

The Case of Metro Vancouver’s Lost Electric Railway

https://thetyee.ca/Culture/2024/07/24/Metro-Vancouver-Lost-Electric-Railway

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RESOURCES / ENVIRONMENT

As wildfires become more frequent and intense, how will persistent smoke exposure affect long-term health?

https://theconversation.com/as-wildfires-become-more-frequent-and-intense-how-will-persistent-smoke-exposure-affect-long-term-health-233631

Strengthening Global Supply Chains for Low-Emissions Technology: The Policy Playbook and the Trade-offs

www.cdhowe.org/public-policy-research/strengthening-global-supply-chains-low-emissions-technology-policy-playbook

Conspiracy theories swirl about geo-engineering, but could it help save the planet?

www.bbc.com/news/articles/c98qp79gj4no

Net-zero electrical heat: A turning point in feasibility

www.mckinsey.com/capabilities/sustainability/our-insights/net-zero-electrical-heat-a-turning-point-in-feasibility

BC Hydro to construct approximately $1B in capital projects in Surrey

www.renewcanada.net/bc-hydro-to-construct-approximately-1b-in-capital-projects-in-surrey

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INDUSTRIAL LANDS

Is the Multistory Industrial Niche Taking Off?

www.commercialsearch.com/news/is-the-multistory-industrial-niche-taking-off

Cracks Show in Port Industrial Markets

www.commercialsearch.com/news/cracks-showing-in-port-industrial-markets

Cedar Coast business park to expand Mission, BC's industrial base 25%

https://renx.ca/cedar-coast-cade-barr-business-park-expand-mission-bcs-industrial-25

What's behind the global self-storage boom?

www.bbc.com/news/articles/c722xdddl4po

Industrial rental rate growth streak ends as availability rate approaches 15-year historical average

https://building.ca/rental-rate-growth-streak-ends-as-availability-rate-approaches-15-year-historical-average-cbre

Lee & Associates Metro Vancouver Industrial Report Q2 2024

https://leevancouver.com/wp-content/uploads/2024.Q2-Lee-MetroVan-Industrial-Snapshot.pdf

Canada industrial insights

www.jll.ca/en/trends-and-insights/research/canada-industrial-insight

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RETAIL SHOPPING

Lee & Associates Metro Vancouver Retail Report Q2 2024

https://leevancouver.com/wp-content/uploads/2024.Q2-Lee-MetroVan-Retail-Snapshot.pdf

Back-to-School Spending Expected to Remain Flat in 2024, Deloitte Survey Reveals

https://retail-insider.com/retail-insider/2024/07/back-to-school-spending-expected-to-remain-flat-in-2024-deloitte-survey-reveals

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OFFICE WORK

Canada office insights

www.jll.ca/en/trends-and-insights/research/canada-office-insights

Office attendance patterns remain quirky

www.reminetwork.com/articles/office-attendance-patterns-remain-quirky

Colliers -- The route of revival: tenants’ perspective on office real estate in 2024

www.collierscanada.com/en-ca/research/rems-office-report-q2-2024

The Return-to-Office Productivity Argument Is Over

www.inc.com/joe-procopio/the-return-to-office-productivity-argument-is-over.html

Workplace habit of 'coffee badging' prompts reported new policy at Amazon

www.ctvnews.ca/business/workplace-habit-of-coffee-badging-prompts-reported-new-policy-at-amazon-1.6971788

Retirement Gets Harder the Longer You Wait

www.theatlantic.com/health/archive/2024/07/joe-biden-retirement-age-health/679199

How to get unstuck through deliberate decision making

www.mckinsey.com/featured-insights/mckinsey-guide-to-getting-unstuck/how-to-get-unstuck-through-deliberate-decision-making

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POLITICS / PEOPLE

The Haida-BC agreement was a landmark deal, but where was Canada?

https://theconversation.com/the-haida-b-c-agreement-was-a-landmark-deal-but-where-was-canada-233539

The rich world revolts against sky-high immigration

www.economist.com/finance-and-economics/2024/07/21/the-rich-world-revolts-against-sky-high-immigration

How the OPEC oil crisis caused mass migration

www.theglobeandmail.com/opinion/article-how-the-opec-oil-crisis-caused-mass-migration

Opinion: Time for Canadian leaders to prep for Trump 2.0

www.biv.com/news/commentary/opinion-time-for-canadian-leaders-to-prep-for-trump-20-9245571

The six parts to a superpower

www.mckinsey.com/Featured-Insights/Themes/the-six-parts-to-a-superpower

The history of the West is not quite what you learned in school

www.economist.com/culture/2024/03/01/the-history-of-the-west-is-not-quite-what-you-learned-in-school

Vancouver's Langara College among those bracing for drastic plunge in foreign students

https://vancouversun.com/opinion/columnists/langara-college-drop-foreign-students

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OTHER / MISC

Looking for Long Covid: A Clash of Definition and Study Design

https://undark.org/2024/07/25/long-covid-clash-of-definition-study-design

Advance Detection and Reporting Are Key to Preventing Attacks

www.rand.org/pubs/commentary/2024/07/advance-detection-and-reporting-are-key-to-preventing.html

To see the future of urban warfare, look at Gaza

www.economist.com/middle-east-and-africa/2024/07/18/to-see-the-future-of-urban-warfare-look-at-gaza

Is everything you assumed about the Middle Ages wrong?

www.economist.com/culture/2024/02/21/is-everything-you-assumed-about-the-middle-ages-wrong

'Nuisance' beavers relocated, put to work in dried-up watershed

www.cbc.ca/news/canada/british-columbia/nuisance-beavers-relocated-1.7268057

BC’s southwest coast is unique – and some of us barely know it

https://vancouversun.com/opinion/columnists/b-c-s-southwest-coast-is-unique-and-some-of-us-barely-know-it

The controversy over Paris's Olympic village – and others

www.bbc.com/culture/article/20240724-the-controversy-over-paris-olympic-village-and-others

A visual guide to The Olympics

www.bbc.com/sport/extra/xawtd9l5mx/visual-guide-to-the-olympics

Photographing Compelling Urban Scenes With Martin Lindner

https://petapixel.com/2024/07/23/photographing-compelling-urban-scenes-with-martin-lindner

Video: This Beaver Dam is So Huge, You Can See It from Space

www.youtube.com/watch?v=w4FB9Omjn94

Video: How did the Russians Conquer Siberia?

www.youtube.com/watch?v=q2zS8UEwRG0