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Coast Capital’s New Surrey Headquarters is Damn Sexy

Surrey is the fastest growing city in British Columbia and the only Canadian city to be named to the 2015 Top 7 Intelligent Communities list by the international Intelligent Community Forum (ICF). Surrey Central is enjoying a growing reputation as Metro Vancouver’s most desirable business and innovation hub. Coast Capital’s Headquarters adds to this status, bringing 700 full-time employees to the nine-story development, which also includes new retail and commercial businesses, plus an onsite day care centre and full service gym with yoga studio and lunchtime fitness classes.

Exploring the Coast Capital Headquarters

This unique and eye catching building can be seen from 108 Ave as you look down King George Boulevard. Skytrain travellers have a new landmark to identify the final stop of the Expo Line. It’s changed the landscape and skyline of Surrey. One of my questions for Coast Capital CEO, Don Coulter was, “Does this eye catching building have a name?” Watch the video to find out.

I read how the world’s top billion dollar tech companies are innovating with their work environments. They have gone though extraordinary lengths to make them more fun, comfortable and healthier for their work force. An awesome working environment is imperative for productivity and attracting the best talent.

Coast Capital brought this innovative and progressive thinking to their workspace in an inspired and visionary way, all to serve their customers better. In the process, they have positioned Surrey, as a leader in this modern way of thinking. No doubt, these trendsetting workspaces will catch on quickly.

The Coast Capital building is doing away with tradition and forging a new standard of work space, promoting employee interaction, and collaboration. It was genius to build a centrally located stairway connecting two different floors. They call it a “collision zone”. Check out the video for my experience.

Using the latest touch screen and video conference technology, teams can create, discuss and share electronically formatted data. Executives also work in the open plan area, and are more accessible.

The standing desk has replaced the traditional back cramping sit down option. Standing desks come as an option. Ill have that option, thank you very much!

Fantastic eating areas, themed cafe’s and hangouts bring people together, on the recreational top floor. During down time, you can shoot hoops or watch the big screen TV. A state of the art gym downstairs keeps your heart pumping while your kids are at the day care on another floor.

This building is a dream to work in. You might just forget its time to go home!

One thing for sure, the HR department should expect a busier inbox.

Coast Capital Savings' new Help Headquarters at the HUB development at King George SkyTrain station in Surrey.

Coast Capital Savings’ new Help Headquarters at the HUB development at King George SkyTrain station in downtown Surrey.

“At Coast Capital, we pride ourselves in living our mission to bringing our members ‘simple financial help,’ and our promise to our employees, which is to change the way employees feel about work, forever.

We deliberately moved away from what is seen as a traditional head office, in every way. We chose a building with an unconventional design, not a monolithic skyscraper, because we felt it was very important to align our new corporate home with our brand. The guiding principles for this project included a creative and accessible work environment, community connection, and environmental sustainability.

Choosing Surrey, not downtown Vancouver, is also a strategic choice for us. First of all, our roots are here, where one of our founding credits unions, Surrey Metro Savings was established. We see Surrey as an economic engine for the province, and Surrey Central as a head office hub of the future. In addition, 70 per cent of our employees who work here live south of the river, and this is home to many of our credit union members. Being located in the heart of Surrey on a rapid transit line positions us to continue to attract commuter employees and those living in the local community.”

Don Coulter, CEO, Coast Capital Savings

Treadmill desks are one example of Coast Capital's commitment to employee health and wellness.

Treadmill desks are one example of Coast Capital’s commitment to employee health and wellness.

Interconnecting staircases between floors enable staff to move quickly between departments, saving time and increasing health benefits.

Interconnecting staircases between floors enable staff to move quickly between departments, saving time and increasing health benefits.

Meeting pods, such as this "Mediascape," include "technology pucks" enabling groups to easily share content on video screens for real time project management.

Meeting pods, such as this “Mediascape,” include “technology pucks” enabling groups to easily share content on video screens for real time project management.

Branded cafés on every floor, each with individually-themed identities, allow staff to prepare and enjoy meals and socialize.

Branded cafés on every floor, each with individually-themed identities, allow staff to prepare and enjoy meals and socialize.

BUILDING STATISTICS

The new Coast Capital headquarters is located directly adjacent to the King George Skytrain station, and is a vital part of the new HUB development at King George.

Coast Capital is the anchor tenant of the 10-story, 185,000 square building, and occupies floors 5-10.

PCI Development Corp, a real estate developer specializing in urban mixed development, constructed the building. The Coast Capital headquarters is the first of four phases to be built as part of the HUB at King George – a vibrant, mixed-used and transit-oriented development, which when finished will include retail, commercial, and residential space.

The cutting-edge architectural concept by Musson Cattell Mackey Partnership Architects (MCM) was designed to portray a dynamic and distinct visual and physical representation of Coast Capital’s brand and the design aims to project motion and movement. MCM is also known for their work on the Vancouver Convention Centre West, the Bentall Five, the Great Northern Way Campus, and the Semiahmoo Library.

ECONOMIC IMPACT

Coast Capital’s Help Headquarters brings new retail and commercial businesses into Surrey Central, as well as nearly 700 employees who utilize retail and commercial services in the area.

In the past year, Surrey, the fastest growing city in B.C., has been named among the world’s top seven intelligent communities, and the best place in Metro Vancouver for small business.

Coast Capital headquarters is a vibrant addition to Surrey Central, which is a growing business destination, with its proximity to transit and the health and technology innovation corridor.

“Surrey is attracting an increasing number of head and regional offices. We are thrilled Coast Capital Savings has chosen to stay and grow in Surrey with its new Help Headquarters. A highly valued and steadfast corporate partner, Coast Capital Savings has signalled its confidence in this area by continuing to invest in Surrey’s thriving economy. The wonderful building built by PCI and designed by MCMP lights up our cityscape and serves as a beacon for other companies looking for the space, the services, and the proximity to like-minded, future-focused businesses.”
Linda Hepner, Mayor, City of Surrey

EMPLOYEE FOCUSED FEATURES

Over 31 per cent of Coast Capital employees are under the age of 30, and commissioned studies revealed they desire a work place that reflects their values of transparency and connectivity.

Each Coast Capital floor focuses on collaborative workspace with open plan offices.

Special features include:

Intentionally designed “collision zones” including eating and working areas to stimulate interaction and collaboration between employees

Interior interconnecting stairwells between floors to promote greater mobility within the building, and encourage healthy choices and the opportunity to interact with colleagues.

Standing and ergonomically designed workstations including treadmill desks

Private “heads-down” enclaves and specialized collaboration rooms designed for small groups to meet in comfortable, technologically enabled spaces

Corporate “university” for employee training and development

Wellness rooms – quiet zones with nap pods for decompressing and relaxing

Coast Capital’s workplace studies also revealed the mind-body connection is very important at Coast Capital, especially when it comes to diet and exercise. The new headquarters also features:

Branded cafés on every floor, where staff can prepare and enjoy meals and socialize.

Each café has individual themed identities, which are connected to meeting rooms via “garage door”-style walls that can open for larger events

Large rooftop lookout, with indoor entertaining and outdoor relaxation and entertaining space complete with barbeques, a fire-pit, and a mini-mart offering healthy fresh food

Fully equipped fitness-centre with lunch hour fitness classes

The new building also features a large daycare centre, operated by Kids and Company, with preferential enrollment for Coast Capital employees.

ENVIRONMENTAL FEATURES

The Coast Capital building is LEED Gold certified and has a living seed wall on the patio of the 10th floor lookout.

The building is a transit-oriented development with a spacious bike storage and is located on a major transit line in Surrey. The HUB at King George Station has also proposed two additional future rapid transit lines and stations.

The building is commuter friendly with designated car pool parking spots as well as plug-in areas for electric cars.

Enterprise Content Management – a leap toward a more paperless enterprise. Coast Capital had three large file rooms at the old locations which were not moved. As a result, they digitized over a thousand files and millions of pieces of paper. The pile of paper digitized would be 2.2 km high.

TECHNOLOGY FEATURES

The building includes state-of-the-art boardrooms with voice-tracking video conference cameras in addition to a seamless wi-fi experience throughout the building, allowing workers flexibility to “roam” and stay connected from any location.

“Pink noise” is featured throughout the building to help block distracting sound and enable better concentration.

Meeting pods, known as “Mediascape”, include “technology pucks” enabling groups to share content on video screens for real time project management.

ABOUT COAST CAPITAL SAVINGS

Coast Capital Savings is Canada’s largest credit union by membership, owned by its 522,000 members. It has 50 branches in the Metro Vancouver, Fraser Valley and Vancouver Island regions of British Columbia and has exciting plans to grow.

Product innovations include Canada’s first free chequing account from a full-service financial institution.

Coast Capital is one of Canada’s 10 Most Admired Corporate Cultures and was named one of 2014’s B.C. Top Employers. It is a member of Canada’s Best Managed Companies Platinum Club and an Imagine Canada Caring Company.

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Surrey is the fastest growing city in British Columbia and the only Canadian city to be named to the 2015 Top 7 Intelligent Communities list by the international Intelligent Community Forum (ICF). Surrey Central is enjoying a growing reputation as Metro Vancouver’s most desirable business and innovation hub. Coast Capital’s Headquarters adds to this status, bringing 700 full-time employees to the nine-story development, which also includes new retail and commercial businesses, plus an onsite day care centre and full service gym with yoga studio and lunchtime fitness classes.

Exploring the Coast Capital Headquarters

This unique and eye catching building can be seen from 108 Ave as you look down King George Boulevard. Skytrain travellers have a new landmark to identify the final stop of the Expo Line. It’s changed the landscape and skyline of Surrey. One of my questions for Coast Capital CEO, Don Coulter was, “Does this eye catching building have a name?” Watch the video to find out.

I read how the world’s top billion dollar tech companies are innovating with their work environments. They have gone though extraordinary lengths to make them more fun, comfortable and healthier for their work force. An awesome working environment is imperative for productivity and attracting the best talent.

Coast Capital brought this innovative and progressive thinking to their workspace in an inspired and visionary way, all to serve their customers better. In the process, they have positioned Surrey, as a leader in this modern way of thinking. No doubt, these trendsetting workspaces will catch on quickly.

The Coast Capital building is doing away with tradition and forging a new standard of work space, promoting employee interaction, and collaboration. It was genius to build a centrally located stairway connecting two different floors. They call it a “collision zone”. Check out the video for my experience.

Using the latest touch screen and video conference technology, teams can create, discuss and share electronically formatted data. Executives also work in the open plan area, and are more accessible.

The standing desk has replaced the traditional back cramping sit down option. Standing desks come as an option. Ill have that option, thank you very much!

Fantastic eating areas, themed cafe’s and hangouts bring people together, on the recreational top floor. During down time, you can shoot hoops or watch the big screen TV. A state of the art gym downstairs keeps your heart pumping while your kids are at the day care on another floor.

This building is a dream to work in. You might just forget its time to go home!

One thing for sure, the HR department should expect a busier inbox.

Coast Capital Savings' new Help Headquarters at the HUB development at King George SkyTrain station in Surrey.

Coast Capital Savings’ new Help Headquarters at the HUB development at King George SkyTrain station in downtown Surrey.

“At Coast Capital, we pride ourselves in living our mission to bringing our members ‘simple financial help,’ and our promise to our employees, which is to change the way employees feel about work, forever.

We deliberately moved away from what is seen as a traditional head office, in every way. We chose a building with an unconventional design, not a monolithic skyscraper, because we felt it was very important to align our new corporate home with our brand. The guiding principles for this project included a creative and accessible work environment, community connection, and environmental sustainability.

Choosing Surrey, not downtown Vancouver, is also a strategic choice for us. First of all, our roots are here, where one of our founding credits unions, Surrey Metro Savings was established. We see Surrey as an economic engine for the province, and Surrey Central as a head office hub of the future. In addition, 70 per cent of our employees who work here live south of the river, and this is home to many of our credit union members. Being located in the heart of Surrey on a rapid transit line positions us to continue to attract commuter employees and those living in the local community.”

Don Coulter, CEO, Coast Capital Savings

Treadmill desks are one example of Coast Capital's commitment to employee health and wellness.

Treadmill desks are one example of Coast Capital’s commitment to employee health and wellness.

Interconnecting staircases between floors enable staff to move quickly between departments, saving time and increasing health benefits.

Interconnecting staircases between floors enable staff to move quickly between departments, saving time and increasing health benefits.

Meeting pods, such as this "Mediascape," include "technology pucks" enabling groups to easily share content on video screens for real time project management.

Meeting pods, such as this “Mediascape,” include “technology pucks” enabling groups to easily share content on video screens for real time project management.

Branded cafés on every floor, each with individually-themed identities, allow staff to prepare and enjoy meals and socialize.

Branded cafés on every floor, each with individually-themed identities, allow staff to prepare and enjoy meals and socialize.

BUILDING STATISTICS

The new Coast Capital headquarters is located directly adjacent to the King George Skytrain station, and is a vital part of the new HUB development at King George.

Coast Capital is the anchor tenant of the 10-story, 185,000 square building, and occupies floors 5-10.

PCI Development Corp, a real estate developer specializing in urban mixed development, constructed the building. The Coast Capital headquarters is the first of four phases to be built as part of the HUB at King George – a vibrant, mixed-used and transit-oriented development, which when finished will include retail, commercial, and residential space.

The cutting-edge architectural concept by Musson Cattell Mackey Partnership Architects (MCM) was designed to portray a dynamic and distinct visual and physical representation of Coast Capital’s brand and the design aims to project motion and movement. MCM is also known for their work on the Vancouver Convention Centre West, the Bentall Five, the Great Northern Way Campus, and the Semiahmoo Library.

ECONOMIC IMPACT

Coast Capital’s Help Headquarters brings new retail and commercial businesses into Surrey Central, as well as nearly 700 employees who utilize retail and commercial services in the area.

In the past year, Surrey, the fastest growing city in B.C., has been named among the world’s top seven intelligent communities, and the best place in Metro Vancouver for small business.

Coast Capital headquarters is a vibrant addition to Surrey Central, which is a growing business destination, with its proximity to transit and the health and technology innovation corridor.

“Surrey is attracting an increasing number of head and regional offices. We are thrilled Coast Capital Savings has chosen to stay and grow in Surrey with its new Help Headquarters. A highly valued and steadfast corporate partner, Coast Capital Savings has signalled its confidence in this area by continuing to invest in Surrey’s thriving economy. The wonderful building built by PCI and designed by MCMP lights up our cityscape and serves as a beacon for other companies looking for the space, the services, and the proximity to like-minded, future-focused businesses.”
Linda Hepner, Mayor, City of Surrey

EMPLOYEE FOCUSED FEATURES

Over 31 per cent of Coast Capital employees are under the age of 30, and commissioned studies revealed they desire a work place that reflects their values of transparency and connectivity.

Each Coast Capital floor focuses on collaborative workspace with open plan offices.

Special features include:

Intentionally designed “collision zones” including eating and working areas to stimulate interaction and collaboration between employees

Interior interconnecting stairwells between floors to promote greater mobility within the building, and encourage healthy choices and the opportunity to interact with colleagues.

Standing and ergonomically designed workstations including treadmill desks

Private “heads-down” enclaves and specialized collaboration rooms designed for small groups to meet in comfortable, technologically enabled spaces

Corporate “university” for employee training and development

Wellness rooms – quiet zones with nap pods for decompressing and relaxing

Coast Capital’s workplace studies also revealed the mind-body connection is very important at Coast Capital, especially when it comes to diet and exercise. The new headquarters also features:

Branded cafés on every floor, where staff can prepare and enjoy meals and socialize.

Each café has individual themed identities, which are connected to meeting rooms via “garage door”-style walls that can open for larger events

Large rooftop lookout, with indoor entertaining and outdoor relaxation and entertaining space complete with barbeques, a fire-pit, and a mini-mart offering healthy fresh food

Fully equipped fitness-centre with lunch hour fitness classes

The new building also features a large daycare centre, operated by Kids and Company, with preferential enrollment for Coast Capital employees.

ENVIRONMENTAL FEATURES

The Coast Capital building is LEED Gold certified and has a living seed wall on the patio of the 10th floor lookout.

The building is a transit-oriented development with a spacious bike storage and is located on a major transit line in Surrey. The HUB at King George Station has also proposed two additional future rapid transit lines and stations.

The building is commuter friendly with designated car pool parking spots as well as plug-in areas for electric cars.

Enterprise Content Management – a leap toward a more paperless enterprise. Coast Capital had three large file rooms at the old locations which were not moved. As a result, they digitized over a thousand files and millions of pieces of paper. The pile of paper digitized would be 2.2 km high.

TECHNOLOGY FEATURES

The building includes state-of-the-art boardrooms with voice-tracking video conference cameras in addition to a seamless wi-fi experience throughout the building, allowing workers flexibility to “roam” and stay connected from any location.

“Pink noise” is featured throughout the building to help block distracting sound and enable better concentration.

Meeting pods, known as “Mediascape”, include “technology pucks” enabling groups to share content on video screens for real time project management.

ABOUT COAST CAPITAL SAVINGS

Coast Capital Savings is Canada’s largest credit union by membership, owned by its 522,000 members. It has 50 branches in the Metro Vancouver, Fraser Valley and Vancouver Island regions of British Columbia and has exciting plans to grow.

Product innovations include Canada’s first free chequing account from a full-service financial institution.

Coast Capital is one of Canada’s 10 Most Admired Corporate Cultures and was named one of 2014’s B.C. Top Employers. It is a member of Canada’s Best Managed Companies Platinum Club and an Imagine Canada Caring Company.

Trevino is an online communications specialist with experience spanning continents. As a master photographer, blogger & speaker, he loves to capture images of society, its people and their environment. He has worked with media companies in Vancouver, advising on winning online strategies, and has covered events of note, from Fashion weeks, to social benefits. He currently holds a BA in Communications and Media, and never leaves home without his camera.

Real Estate

Despite Pandemic, Surrey’s 2020 Building Permit Value Exceeds 10-Year Average

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Surrey, BC: Economic confidence within Surrey remains strong, as the City records $1.46 billion in building permit value last year, surpassing the 10-year annual average. Residential building continues to be resilient, making up for $1.1 billion of the construction value. Industrial building permits were just shy of the record-breaking 2019 revenue, making up for $238 million of total construction.

“Despite a brief dip in construction when the pandemic first hit, investment rapidly bounced back, showing the confidence in Surrey as a prime destination for new business and residents,” said Mayor Doug McCallum. “The Surrey SkyTrain expansion, combined with an increased demand for housing and commercial space in Surrey makes us confident these strong construction trends will continue through 2021.”

As a result of the physical distancing measures in place, the City launched an online permit application process, creating a more convenient, transparent and streamlined process for customers, while further cutting wait times.

In 2017, Single Family Dwelling permit wait times peaked at 25 weeks, and now the average is only 9 weeks. The flexibility of applying online proved to be convenient for businesses, with 35% of trade permits being initiated outside of regular business hours. 98% of electrical permits and 86% of plumbing permits were also issued online.

“The new online permit process delivers both a safe and convenient way for customers to continue to operate their businesses, while further positioning the City to handle the expected surge in construction as our city continues to rapidly grow,” said Councillor Mandeep Nagra, Chair of the Development Advisory Committee.

“We are continually looking for ways to advance our services, and this step has benefitted both those applying for permits, and the operational efficiencies at the City.”

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Real Estate

Province Approves 91 Affordable Housing Units for Surrey’s Legion Veterans Village Multi-Purpose Social Infrastructure Project

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Affordable housing units to be managed by Vancouver Resource Society

The Legion Veterans Village (LVV) project has reached yet another development milestone with the Province, through BC Housing, approving 91 affordable housing units for the mixed-use, multi-purpose project that will provide housing, healthcare and Legion facilities dedicated to serving the needs of Canadian veterans and first responders.

Led by the BC/Yukon Command of the Royal Canadian Legion, together with Whalley Legion Branch 229 and Lark Group in Surrey B.C., this unique $312-million, two-phase, multi-purpose social infrastructure project is envisioned to be the first of many such projects across Canada.

“Our veterans have sacrificed so much and they deserve a safe and affordable place to call home where they can get the services they need,” says David Eby, Attorney General and minister responsible for housing. “Our government is committed to building more affordable housing and this project in particular will be an important centrepiece in Surrey.”

Inspired by the forms of the iconic Canadian National Vimy Memorial in France, the centre piece and phase one of the LVV development is a twenty-storey mixed-use building which includes the newly approved 91 affordable housing units to be managed by the Vancouver Resource Society (VRS), to compliment an additional 171 market housing units in phase one, 325 market housing in phase two, with priority for the affordable units given to Canadian veterans, first responders, Legion members and their families.

British Columbia places great importance in providing affordable housing, healthcare services and innovation to the province and there are no other projects that combine these elements so efficiently under the same umbrella as the Legion Veterans Village,” says Bruce Ralston, MLA for Surrey Whalley.

“We look forward to seeing this project succeed in Surrey especially here in Whalley so the rest of Canada can look towards this as a model and beacon for veterans and first responders with PTSD.”

Legion Veterans Village is a truly unique project and we are proud to be the first city in Canada to host such a comprehensive multi-purpose development that serves and supports our veterans and first responders, as well as our community at large,” says City of Surrey Mayor Doug McCallum.

“The demand for more PTSD and mental health programs has never been higher, especially during these COVID-19 times. The healthcare innovation and clinical research from LVV will help meet this demand and serve our vulnerable communities.”

Phase one of LVV will also include Canada’s first Centre of Excellence for veterans and first responders focusing on post traumatic stress disorder (PTSD) and mental health, and an Innovative Centre for Rehabilitation, offering clinical rehabilitation services, research and the delivery of health care programs, services and trauma counseling for PTSD and mental health.

It will also feature a new 10,500 square-foot, state-of-the-art facility for the Whalley Legion Branch 229, that will include a cadet assembly hall, banquet facilities, an industrial kitchen, coffee shop and bar/restaurant area, and underground parking.

Phase two of LVV, and complement to the Veterans building, is a new twenty-six-storey building that consists of 325 additional market housing units. The current phase designs are by Neil Banich of WA Architects Ltd.

“VRS is responding to the needs of the City of Surrey by meeting the demands of the growing list of seniors, families, and persons with disabilities who require accessible and affordable housing,” says Ken Fraser, Executive Director of the Vancouver Resource Society.

“We are excited to partner with the Legion Veterans Village to bring affordable housing to veterans, first responders and their families in Surrey as well as access to a continuum of healthcare services, PTSD and mental health treatment and rehabilitation programs, with Legion and Cadet facilities all within the same development.”

Located at 10626 City Parkway, Surrey, the 91 affordable housing units in phase one will include a mix of studio suites as well as one and two-bedroom suites, with 10 units designed specifically to meet VRS requirements for accessibility.

“We have been serving our Whalley community in Surrey since 1960 and this new Legion Veterans Village will be the catalyst for change for our Legion to not only better support our members, but also ensure our future legacy,” says Tony Moore, President of the Whalley Legion Branch 229.

Construction for Legion Veterans Village is underway with phase one to be completed in late 202

Vancouver Resource Society (VRS)

Since 1972, VRS has been providing housing and care services to children, young adults, families, and seniors dealing with disabilities in a variety of housing environments (shared-care to independent apartment/strata living). Their services provide innovative opportunities for individuals and families to maximize their independence and inclusion into their community.

This is achieved by partnering with forward-thinking municipalities and developers who see the benefits of the inclusion of all its citizens in their community. By developing a positive working relationship with municipalities and developers, VRS is able to continue to provide affordable and accessible housing. www.vrs.org

Legion Veterans Village (LVV)

Image: Photo rendering of the Legion Veterans Village

The Legion Veterans Village is a unique $312-million, two-phase, multi-purpose social infrastructure project in the City of Surrey, led by the BC/Yukon Command of the Royal Canadian Legion, together with Whalley Legion Branch 229 and Lark Group.

The project includes a mix of 495 market housing condominiums, 91 affordable housing units, a Centre for Excellence for veterans and first responders focusing on PTSD and mental health, an Innovation Centre for Rehabilitation and a new facility for the Whalley Legion Branch 229.

Once completed (slated for late 2022), a key priority will be the integrated delivery of a continuum of programs and services for veterans and first responders, as well as contributing training and research towards new practices, interventions and technologies in mental health, counselling, engineering, robotics and advancements in neuroscience, etc.

www.legionveteransvillage.com

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Investment

Flash Sale with U-Eight Income Properties in Kelowna

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U-Eight

2021 is just around the corner so why not get a head start and make some goals for your financial future? There’s no time like the present to begin your property investment journey.

If you have been searching for an investment-worthy area in BC, look no further than the sunny Okanagan. Just steps from UBC’s busy Okanagan campus and North Kelowna’s business district lies U-Eight, a new development of move-in-ready homes that are perfect for anyone looking to build their investment portfolio. The University District’s appeal is met with an urban atmosphere surrounded by nature’s beauty and enjoyed by the university community, families and professionals alike. This thriving centre is not only rich in arts, culture, and academics, but also on the verge of expansion and growth.

U-Eight rendering.

Now is the time to take advantage of U- Eight’s flash sale from November 21st to 30th. With discounts of up to $50 000, two- bedroom homes will start from $344 900 and three bedrooms from $424 900 during this 10-day sale. Current low interest rates are an advantage for those who want to enter the real estate market in this quickly developing and growing community. Furthermore, demand for rental housing in Kelowna, steady UBC Okanagan enrollment and growing industry add to the favourable investment environment. U- Eight homes are move-in ready so you can begin your income property adventure as soon as possible.

As an income investment property, U- Eight checks all the boxes for liveability. UBC Okanagan’s campus is a 5-minute walk and North Kelowna’s Business District is a short drive away. Commuting is efficient with transit routes and walkable neighbourhoods right at your doorstep and a variety of restaurants, wellness services, boutiques and local specialty shops conveniently accessible. The connection between people and place is visible in the design of the development, allowing for easy modern living while complementing the natural beauty of the region. The U-District is also connected to Glenmore, Lake Country, Winfield and Kelowna International Airport (YLW), allowing you to enjoy the amenities of these neighbouring areas. Many flexible options exist for those with various lifestyles – there’s truly something for everyone.

Invest in U- Eight during this flash sale and begin reaping the benefits of your income property. Connect with U-Eight’s, Terra Shalaby at 604-332-2150 via phone or text. If you are curious and want more information on the U-Eight development please visit liveatueight.com

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Real Estate

$16 Million In Federal Funding For Affordable Housing Allocated To Surrey

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Surrey, BC – $16.3 million in funding for new permanent affordable housing has been earmarked for the City of Surrey. The injection of money is a result of the federal government’s Rapid Housing Initiative and will create a minimum of 33 units of new permanent affordable housing in Surrey.

“In order to affect real change in affordable housing, senior levels of government have to step up and partner with municipalities on this front,” said Mayor Doug McCallum.

“That is exactly what the federal government has done with the Rapid Housing Initiative. The projects that will be created by this funding will not only help alleviate some of the pressing needs surrounding affordable housing now, but it will be of great value in positioning us for the future. As one of the fastest growing cities in the country, I am very pleased that Surrey has been identified to receive federal funding from this very worthwhile housing initiative.”

The Rapid Housing Initiative is delivered through the Canada Mortgage and Housing Corporation and the funds can go to cover the construction of modular housing, the purchase of land and the conversion of existing buildings to affordable housing.

“I would like to thank the federal government for stepping up to fund such an important initiative,” said Cllr Laurie Guerra, Board Chair of the Surrey Homelessness and Housing Society. “This program is indicative of the partnerships we need at every level of government to help solve the affordable housing issue that we face in the Lower Mainland.”

City staff will begin work on an investment plan to outline the proposed capital projects. Upon approval of the plan, construction will be completed within 12 months of the finalization of the funding agreement.

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Real Estate

Continued confidence in Surrey’s residential building sector

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Confidence in the residential construction sector remains strong in Surrey as more than $808 million in housing developments were given approval to proceed by Surrey City Council at last night’s  Regular Council – Land Use Meeting.

Projects of note include several apartment towers ranging from 26 to 49-storeys, three dedicated rental apartment buildings, and a live/work residential townhome project.

“It’s no secret that Surrey has always been a desirable place for young families and first-time homeowners looking to get into the market,” said Mayor Doug McCallum.

“Among the new developments, I am especially pleased with the projects that will expand the rental housing stock in Surrey. These new projects approved by Council will bring even more housing options on stream for people looking to call Surrey home.”

Development projects given approval to proceed include the following:

  • 2 high-rise residential towers (45 and 39-storeys) and 11-storey mid-rise rental building (Application number: 7919-0223-00)
  • 32-storey residential apartment building (Application number: 7919-010500)
  • 26-storey market condo and 21-storey rental apartment building (Application number: 7918-0393-00)
  • 13-story rental apartment building and 16-storey market apartment building (Application number: 7918-0443-00)
  • 7 apartment buildings of up to 6-storeys and 55 townhouse units (Application number: 7915-0393-00)
  • Seven, 5 to 6-storey apartment buildings (Application number: 7917-0544-0)
  • 6-storey mixed-use building comprised of 30 market and 70 non-market rental units (Application number: 7918-0450-00)
  • 39 live/work residential townhomes (Application number: 7914-0207-00)

This latest round of development approvals comes on the heels of nearly $700 million in building projects approved by Council this past July.

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