Bosa Properties has bought two properties along Kingsway in Burnaby's Royal Oak neighbourhood, including the Best Western Plus Burnaby Hotel. The deal includes a 2.7-acre site 5411 Kingsway, as well as the adjacent 0.17-acre parcel at 5367 Kingsway.
Slow pre-construction condominium sales have plagued Canada’s multiresidential market, but rental housing has become an increasingly popular alternative leading to increased transaction volume in apartment buildings. That is being borne out in Canada's three largest cities, Toronto, Montreal and Vancouver.
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