Author: admin

Vancouver holds the crown for the priciest rentals among major Canadian cities. Bachelor apartments average a hefty $2,331 CAD monthly.

Metro Vancouver saw a record 33,000 homes built, up 28% from 2022, challenging housing shortage beliefs.Not all areas in Metro Vancouver saw equal construction; some municipalities had below-average starts.

Home sales in Greater Vancouver ↓ 4.7% from March 2023, with 2,415 transactions recorded. Total sales were ~33% lower than the 10-yr avg, indicating a notable decline in market activity.

A new RBC report says buying a home in Vancouver is at "full-blown crisis levels". 106.4% of median income was needed to afford home ownership in Vancouver at the end of 2023.

Home seller activity in Greater Vancouver ↑ 23% yearly in March 2024. However, the number of sales ↓ 5% yearly to 2.3K and < than the 10-yr avg.