Southcore Financial Centre + Delta Hotel (Toronto)
VANCOUVER, BRITISH COLUMBIA
According to Canada Mortgage and Housing Corporation's (CMHC's) Vancouver Housing Market Outlook Report published today, a growing population and steady job market will support moderate growth in demand for new and resale homes through 2012. MLS®1 resales are projected to increase six per cent to 33,000 transactions, and a further nine per cent, to 36,000 sales in 2012.
"Demand and supply conditions in the resale market are expected to remain balanced until later in 2012. As home buyers and sellers adjust to more balanced resale market conditions, there will be less upward pressure on home prices," said Robyn Adamache, Senior Market Analyst with CMHC. However, strong growth in single detached resale home prices during the first part of 2011 in some areas of Greater Vancouver will increase the annual average MLS® price (for all home types combined) by 17 per cent in 2011, to $788,000. Prices are projected to increase two per cent in 2012, to $805,000.
Housing starts are forecast to increase twelve per cent this year, to 17,000 units and six per cent, to 18,000 units in 2012. "More multi-family home construction will offset lower levels of single detached starts though 2012. Builders will focus on condominium construction, providing relatively low cost (compared to single detached houses) homes for local buyers and investors," added Adamache.
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From Bremner and Simcoe in Toronto
New Hotel will replace the old Hotel at Yonge and Gerrard
Connect via path to the Southcore Financial Centre as well as the Rogers Centre and Ripley's Aquarium
Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.
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From Bremner and Simcoe in Toronto
New Hotel will replace the old Hotel at Yonge and Gerrard
Connect via path to the Southcore Financial Centre as well as the Rogers Centre and Ripley's Aquarium
About Ascension Health Ventures
Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.
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