Author: admin
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Metro Vancouver Home Prices, Sales Expected to See Uptick in 2024
Inflation is no longer an immediate threat, and bond markets anticipate over 1.00% interest rate cuts. REBGV expects ↓ 0.50% in the BoC policy rate, forecasting robust spring and summer markets with increased sales activity.
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Vancouver’s Downtown Office Bucks National Trend: Vacancy in Decline
Vancouver’s office market has taken a step closer to stability as the overall national office market picture remains challenging.In 2023, tenants absorbed 292K sq ft, dropping downtown vacancy to 11%.
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Happy Valentine’s Day
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…
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Vancouver Experiences Fourth Consecutive Rent Decrease
Vancouver's one-bedroom rent has fallen for the fourth consecutive month, dropping 1.1% to $2,700.Two-bedroom rents in Vancouver have also declined, decreasing by 2.8% to $3,890 during this period.
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Vancouver Renters Find Relief in Late-Q4
Asking rents for apartments in Vancouver ↓ 0.7% yearly to $3,059. 1-bed apartment rent: ↓ 5.8% MoM but ↑ 4% yearly to $2,700
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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Metro Vancouver’s Retail Segment Is Expected to Remain Stable
Office and industrial markets in Vancouver adjusting due to rising interest rates and economic slowdown, with potential relief in H2 2024.Retail sector labeled most stable, outperforming expectations, thanks to low supply and strong demand.
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Vancouver Rental Trends in Early-Q1 2024
The avg rent for an unfurnished one-bedroom apartment in January is $2,441, ↓ MoM, while furnished stands at $3,085.Avg rent prices for two-bedroom apartment in Vancouver in January: Unfurnished: $3,610, ↓ MoM Furnished: $4,383, ↑ MoM
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Vancouver ends 2023 with average home price up 5% at $1.17M
Vancouver ended 2023 with a 5% increase in average home prices, reaching $1.17 million. Despite high borrowing costs, December home sales rose compared to the previous year. However, sales remained below the 10-year seasonal average. The Real Estate Board of Greater Vancouver reported 1,345 homes changing hands in December, a 3.2% increase from the same…
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Vancouver Market Forecast 2024: Pent-up Demand Meets Falling Rates
Metro Vancouver to see continued decline in sales through late 2023 and early 2024 due to higher borrowing costs. Over 20K potential buyers sidelined by interest rate hikes could return to the market in 2024 as rates fall.