Mark Kurkdjian

As a seasoned pro with over 17 years of CRE experience, Mark is your insider and guide through the complex world of Vancouver’s Commercial Real Estate.

[Mark Kurkdjian @VancityCRE]

🚨 Vancouver's 2024 draft: 7.6% property tax increase! 💸 Lower than '23 but above average. 📈 Big focus: city services & infrastructure. 🏗️ Operating budget crosses $2B! 🌇 Mayor Sim eyes new revenue opportunities. 🌟 Thoughts? #Vancouver #Budget2024

[Mark Kurkdjian @VancityCRE]

🚀 Westbank faces lien claims but denies financial trouble! 🏗️ Projects like Alberni & Mirvish Village still strong. 🤝 Partnerships with Peterson Group & Allied Properties REIT intact. Stay informed!

#RealEstate #Westbank #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

Reflecting on Mayor Ken Sim's 1st year: 🌆✨ A year of community focus, fiscal responsibility, and urban development strides in Vancouver. Excited for what's next! #Vancouver #MayorKenSim #UrbanDevelopment #CommunityGrowth 🏙️🚀

#NAI #NAICommercia

[Mark Kurkdjian @VancityCRE]

🚀 Big news in #Brentwood! A 61-story tower with 442 condos, a 172-room hotel, and sustainable transport solutions is on the horizon. 🏢🌿 A game-changer for #VancouverRealEstate!
#UrbanDevelopment #SustainableLiving #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

Vancouver's building a greener city! 🌿 No min. parking req. for new West End & Broadway builds. 🚫🚗 More walkable, cyclable spaces & transit options! 🚶‍♂️🚴‍♂️🚇 #EcoFriendly #SmartCity #Vancouver #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

🏗️ The Canadian gov is building 2,800+ homes on public lands by 2024, aiming for 29K by 2029! 🎯 At least 20% will be #AffordableHousing. A major push against the housing crisis! 🏠

#UrbanDevelopment #HousingSupply #CommunityDevelopment #JeanYvesDuclos #NAI #NAICommercial"

[Mark Kurkdjian @VancityCRE]

B.C. eyes a short economic pause in 2024 before a rebound in 2025, as per Desjardins' outlook. Housing market & interest rates play crucial roles in this scenario.
#EconomicOutlook #BritishColumbia #FinancialForecast #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

🔄 Nordel Place strip mall in Delta, B.C. transitions ownership at $10.25M with eyes on development potential. #RealEstateMoves #DeltaBC #DevelopmentPotential

[Mark Kurkdjian @VancityCRE]

🏗️ Metro Vancouver's DCCs to soar up to 73% by 2026! Townhouses, detached homes, apartments, and non-residential constructions all impacted. A call for a balanced approach to meet housing affordability goals.

#MetroVancouver #DevelopmentCost #HousingAffordability

[Mark Kurkdjian @VancityCRE]

🏡 #BC's legislation to ramp up multi-unit home development to meet a target of 130,000 new homes in a decade! 🎯

✅ 3 units for lots <280 sqm
✅ 4 units for lots >280 sqm
✅ 6 units near frequent transit stops 🚌
Mandatory zoning bylaw adoption by June '24🚀
#HousingForAll

[Mark Kurkdjian @VancityCRE]

Canada’s Immigration Plan 2024-2026 stays robust with targets of welcoming 485,000 new immigrants in 2024, and 500,000 each in 2025 and 2026. A balanced approach to fuel economic growth and ensure sustainable population growth! 🇨🇦
#CanadianImmigration #EconomicGrowth #NAI

[Mark Kurkdjian @VancityCRE]

BC’s Rental Protection Fund is making strides in affordable housing by eyeing 25 property acquisitions to keep rents reasonable for middle-income families. #AffordableHousing #RentalProtection #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

Dive into BC's new short-term rental legislation with this piece by Rob Shaw. A step towards easing the housing crunch or a leap into a pool of unintended consequences? 🤔🏡 https://t.co/0rAVMsUh6k #BCRentals #HousingLegislation #NAI #NAICommercial"

[Mark Kurkdjian @VancityCRE]

Transitioning from mere spaces to inviting environments! 🏢 Experts discuss the key to reducing office vacancies in downtown Vancouver: A People-First Approach. Your thoughts? #NAI #NAICommercial #FutureOfWork #VancouverRealEstate"

[Mark Kurkdjian @VancityCRE]

🏠Canada's housing boom needs scrutiny! BMO Capital Markets reveals a 27% YoY decline in real residential construction spending. 📉🤔Non-residential construction remains stable. The problem? A market skewed toward investor-centric demand, not end-users. #HousingCrisis #BMO #NAI

[Mark Kurkdjian @VancityCRE]

#Kelowna seals a $31.5M #HousingAcceleratorFund deal, paving a pathway for 950 new housing units in 3 years & up to 20k homes in a decade! A nod to infill housing & tech adoption in permit processes.

#HousingForAll #UrbanDevelopment #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

Rising rates in Canada are stirring the pot of #MortgageRenewals concerns! 🏠 A Royal LePage survey reveals 68% of borrowers are anxious about upcoming renewals, with the number jumping to 74% for those due in the next 18 months.

#InterestRates #RealEstate #FinancialPlanning

[Mark Kurkdjian @VancityCRE]

Diving into the digital payment era in Commercial Real Estate! 🏢 Faster transactions, reduced costs, and stronger relations are on the horizon. Your thoughts? 🔄 #DigitalPayments #PropTech #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

A twist in the #CanadianHousingMarket tale! 🏠 Despite rate hikes, home prices sway to a different tune. The spotlight's on housing supply. 🎵
#InterestRates #BoC #RealEstate #NAI #NAICommercial

[Mark Kurkdjian @VancityCRE]

🇨🇦 Bank of Canada maintains key rate at 5% amidst slowing economy. 💹🏦
📉 Growth's slow but eyes are on a 2.5% rise by '25. 🏠 High housing costs stir the price pot.
🚗 Some stumble on car loans, while home payments hold steady.
#BankOfCanada #InterestRate #EconomicGrowth