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Experts expect increased new supply in Vancouver's Real Estate market for 2024, though it may not directly lower home prices.New residential housing construction ↑ 37% in 2023, potentially ↑ supply in the Real Estate market.

Real estate expert predicts a continued demand for diverse housing options in established neighborhoods and a greater focus on affordability in Vancouver's 2024 housing market. The use of "mass timber" and offsite manufactured housing is expected to rise. Minimum parking regulations may be scrapped, but off-street parking will remain necessary. Home-sharing could help address the…

The median rent for a 1-bed in Vancouver was $2,730 in December. It was ↓ 1.8% MoM, but ↑ 10.5% yearly.

The City of Vancouver has been approved for $115M from the Housing Accelerator Fund to fast-track the construction of over 3,200 new housing units. The funding will also support the construction of 40,000 homes over the next 10 years. The government aims to promote high-density development, streamline re-zoning laws, and expand affordable rental programs. The…

Metro Vancouver's average rental prices have increased for the first time in months. The cost of renting a one-bedroom apartment has risen by $26 from December 2023 to January 2024. West Vancouver is now the most expensive city to rent in Canada, surpassing Vancouver. Unfurnished one-bedroom units are $121 cheaper on average than furnished ones.…

$115M allocated for 3,200 housing units in Vancouver over a 3-yr period. Funding objectives include high-density development, transit-centric housing, and streamlined rezoning processes. Efforts focus on permit system upgrades, reduced assessment times, and simplified development conditions.

Welcome to "Calla at The Gardens", a stunning eight-level concrete building in South Richmond. This one-bedroom unit, +1Den, features a modern kitchen, high-quality appliances, and radiant bathroom floor heating. The building is only six years old and is still under warranty. In addition to the beautiful living space, it offers recreational facilities such as a…

Metro Vancouver's home prices will see ↑ 3% to $1,281,732 this year. Detached properties will ↑ 2.5% to $1,778,785.

In Vancouver, the minimum family income to buy an avg home surged ~$25K in 8-mo, reaching $247K. Factors include ↑ 3.5% in home prices and Bank of Canada interest rate hikes. Buyers now face stress test rates at 8.5%, making homeownership harder for many residents.

Vancouver has been grappling with housing issues, including high prices, limited availability, and foreign investment, since the 1970s. The problem has worsened, with housing becoming increasingly unaffordable. The city's limited land supply and natural beauty exacerbate the issue. Past government programs have failed to solve the problem, leading to a shortage of industrial land and…