The 1

The 1

Exploring development opportunities in Mission

Silverdale lands form the largest tract of consolidated land available for development in the Lower Mainland.

About 70 per cent of growth in southwestern B.C. will happen in the Fraser Valley, according to the Urban Development Institute, which hosted a breakfast meeting in Mission this week to discuss development opportunities.

Morgan Dyer, senior vice-president at Colliers International and a speaker at the event, presented a video marketing the 1,100 acres of land for sale in Silverdale. The properties are currently owned by development companies Genstar and Madison, and form the largest tract of consolidated land available for development in the Lower Mainland.

Dyer noted housing starts generally reflect interest rates, and single family detached homes are still the highest form of housing in demand.

In 1989, there were 1,200 houses built in the Fraser Valley, but in 2014, with low interest rates, there were only about 400 constructed.

It’s only a matter of time when interest rates and housing starts will increase, he said.

“The trend we need to be aware of is to forecast where development will happen,” said Dyer.

Trends Dyer identified included more mixed use developments with smaller units, and increased building along transit lines, like the new SkyTrain tracks in Coquitlam.

He noted Asian developers coming to the B.C. market are here to stay and they should be welcomed with “open arms.” The local industry needs to be innovative and think outwardly.

The future of Mission has been tied to the Genstar properties in Silverdale for more than 20 years, said Mayor Randy Hawes. “But there’s a lot more to Mission than those properties.”

More development should’ve come to the community many years ago, added Hawes, who said he and the current council are committed to removing roadblocks in order to grow the community.

“But I have a great fear that if we develop without a job base or industrial land, we will pour commuters on the highway every day, and we’ll have a problem.”

That’s why Hawes wants to take the properties west of the Silver Creek Industrial Park out of the Agricultural Land Reserve.

“It’s perfect for industrial use,” said Hawes, pointing out it’s close to the highway, rail, and the U.S. border.

According to Hawes, there are many manufacturing plants in Metro Vancouver that want to expand, but are prohibited by land costs and availability.

Westack Development’s Ole Bakstad, an experienced industrial land developer in Mission, agrees. He has built several buildings at Mission’s new industrial park and said they are being rented out as quickly as they are going up.

“It’s important to have a good industrial base,” advised Bakstad. “Maple Ridge has kind of exhausted its industrial land.”

Investing in industrial buildings is a long-term project, said Bakstad, who doesn’t expect to see a quick return on his investment.

“I’m not making a profit on my buildings on my property, but my son might. I’m building for the future.”

The event was sponsored by the District of Mission and attended by close to 90 people.

 

Just Posted

FVRD surveyed public opinion on cannabis production and processing in the electoral areas. Odour and distance from residential areas were the top concerns. (Black Press file)
Cannabis production and processing rules being drafted by Fraser Valley Regional District

Data from public opinion survey will be used to guide cannabis-related land use

Robert Nelson, 35, died after being stabbed at a homeless camp in Abbotsford on April 7 of this year.
Mom pleads for information about son’s killing at Abbotsford homeless camp

Robert Nelson, 35, described as ‘man who stood for justice, honour, respect’

Police arrest the suspect in an attempted armed bank robbery on June 2 at the Scotiabank at Gladwin Road and South Fraser Way in Abbotsford. (Photo by Garry Amyot)
Abbotsford bank robbery suspect who was stopped by customers faces more charges

Neil Simpson now faces total of eight charges, up from the initial two

poster
Drop-in Covid vaccine clinic in Mission June 17-18

Neighbourhood clinics complement appointment-based clinics currently operating in Mission

Logo
Canadian Blood Service is adding additional donor clinics in Mission

New Sunday clinics begin June 20, donors can register online

Canadian Prime Minister Justin Trudeau participates in a plenary session at the G7 Summit in Carbis Bay, England on Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Canada donating 13M surplus COVID-19 vaccine doses to poor countries

Trudeau says the government will pay for 87 million shots to be distributed to poor countries

Kelowna-Lake Country MLA Norm Letnick, assistant deputy speaker at the B.C. legislature, presides over committee discussions. The legislature is completing its delayed spring session this week, with most MLAs participating by video conference. (Hansard TV)
B.C.’s daily COVID-19 infections dip below 100 over weekend

Only 68 new cases recorded Monday, four additional deaths

The BC Ferries website went down for a short while Monday morning following a provincial announcement that recreational travel between health authorities can resume Tuesday. (Black Press Media file photo)
BC Ferries’ website crashes in wake of provincial reopening announcement

Website back up now, recreational travel between health regions to resume as of Tuesday

The Kamloops Indian Residential School is photographed using a drone in Kamloops, B.C., Monday, June, 14, 2021. The remains of 215 children were discovered buried near the former school earlier this month. THE CANADIAN PRESS/Jonathan Hayward
Communities grapple with what to do with former residential and day schools

Some tear them down as a tool to help healing, others repurpose them as tools for moving forward

FILE – Provincial health officer Dr. Bonnie Henry talks about B.C.’s plan to restart the province during a press conference at Legislature in Victoria, Tuesday, May 25, 2021. THE CANADIAN PRESS/Chad Hipolito
B.C. watching U.K.’s COVID struggles but don’t think province will see similar pitfalls

Studies show that one dose of vaccine is only 33 per cent effective in preventing B.1.617.2 spread

RCMP Const. Shelby Patton is shown in this undated handout photo. RCMP say that Patton was hit by an allegedly stolen truck that he had pulled over on Saturday morning in Wolseley, east of Regina. THE CANADIAN PRESS/HO, RCMP
Pair charged in Saskatchewan Mountie’s death make first court appearance

Const. Shelby Patton was hit by an allegedly stolen truck that he had pulled over Saturday morning

David and Collet Stephan leave for a break during an appeal hearing in Calgary on Thursday, March 9, 2017. THE CANADIAN PRESS/Todd Korol
Appeal Court rejects stay for Alberta couple facing third trial in son’s death

Pair accused in their earlier trials of not seeking medical attention for their son sooner

Highway notices like this come down effective June 14. Public health restrictions on non-essential travel and commercial operation have hit local businesses in every corner of B.C. (B.C. government)
Province-wide travel back on in B.C.’s COVID-19 restart plan

Gathering changes include up to 50 people for outdoor events

Calgary Stampeders’ Jerome Messam leaps over a tackle during second half CFL western semifinal football action in Calgary, Sunday, Nov. 15, 2015.THE CANADIAN PRESS/Jeff McIntosh
CFL football will be played this summer in Canada

Governors vote unanimously in favour to start the ‘21 campaign on Aug. 5

Most Read