Author: admin

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…

The Canadian government and the City of Vancouver are collaborating to expedite the construction of over 3,200 new housing units in the next three years. The initiative, backed by nearly $115 million in funding, aims to meet housing demand and stimulate the development of 40,000 homes over the next decade. The Housing Accelerator Fund, a…

Metro Vancouver seeks $450M from federal government for housing and infrastructure projects.The request includes equitable cost-sharing for the Iona Island Wastewater Treatment Plant, estimated at $8.6B.The MVRD urges federal support for the Climate 2050 Strategy and Clean Air Plan initiatives.

Re/Max predicts ↑ 2% in avg residential prices and ↓ 3% in sales in Metro Vancouver for 2024. Affordability challenges persist due to high interest rates, with the BoC significantly impacting the Real Estate market.

Vancouver has received $115 million in federal housing funds, with Burnaby confirmed to receive $43 million and Kelowna already receiving $31.5 million. The housing accelerator fund aims to support new housing construction through innovative methods. Other municipalities in British Columbia, like Surrey, are awaiting updates on their applications. The funds were previously paused due to…