How a chat put renters on path to affordable home ownership in Port Moody
A new housing project in Port Moody will give local tenants a chance to become homeowners in the development. Thirty of the 358 units to be constructed at 50 Electronic Avenue are going to be rent-to-own homes. Affordability is expected to be achieved through two measures. One is that rents will be charged below market rates, according to developer Kush Panatch. Second, the Panatch Group will fix the purchase price as if tenants were buying their units today.
Commercial properties take novel approaches to catalyzing business growth
In Port Moody, a Vancouver suburb of roughly 35,000, industry has been scarce. Most residents work in either Vancouver or Burnaby, but Panatch Group is trying to change that by working with the municipal government.
Spotlight: Panatch Group donates bus to The Club
Kush and Kulvinder Panatch from the Panatch Group joined former Port Moody city councillor Gerry Nuttall at The Club for a BBQ on Aug. 17, when the family-owned business donated a bus to help The Club seniors travel around town.
Outdoor movies at Rocky Point Park
Kush Panatch, the president of the Panatch Group, and his associates, Kulvinder Panatch, Eshleen Panatch and Aman Panatch, are ready to watch movies on the main lawn at Port Moody’s Rocky Point Park.
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