Author: admin
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Vancouver Housing Recovery Post Rate Cut
The Bank of Canada’s predicted rate cuts could lower rates by 1.50% in 2025, boosting housing affordability and buyer interest.A significant change in Metro Vancouver's housing market is expected as interest rates may drop soon.
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Check out my new listing Address: 23936 KANAKA WAY
NO STRATA FEES, which means NO STRATA RULES for this Executive style Row home, built by award-winning Foxridge Homes. This spacious and bright 4 bdrm plus bonus flex room/office offers a great layout, including a gourmet kitchen with quartz countertops, top-of-the-line stainless steel appliances (replaced in 2021) and deluxe cabinetry. Open concept living with main…
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As Vancouver Office Market Dips, Developers Turn Their Attention To Hotels
New office construction in Canada has dropped to 4.2 million sq. ft., the lowest since 2004, according to a CBRE report. In Metro Vancouver, only 29,368 sq. ft. of new office space is under construction, none pre-leased. Developers are increasingly pivoting to hotel projects, with several conversions from office to hotel use approved in Burnaby…
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Check out this open house Listing Address: 23936 KANAKA WAY
NO STRATA FEES, which means NO STRATA RULES for this Executive style Row home, built by award-winning Foxridge Homes. This spacious and bright 4 bdrm plus bonus flex room/office offers a great layout, including a gourmet kitchen with quartz countertops, top-of-the-line stainless steel appliances (replaced in 2021) and deluxe cabinetry. Open concept living with main…
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Check out this open house Listing Address: 1165 ESPERANZA DRIVE
?This is a lovely and recently updated 3-b, 3-bath home located in the peaceful New Horizons neighbourhood. The house features a beautiful kitchen, perfect for entertaining, with white cabinets, and s/s appliances. Adjacent to the kitchen, the family room boasts a charming wood-burning fireplace and French doors that open to a very private, fully fenced…
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Stable Vancouver Housing in H2: Sales to Rise 10%
Average sale prices are expected to rise by 3%, with sales increasing by 10% by the end of 2024. The Greater Vancouver housing market remains balanced, with potential shifts to a seller's market pending rate cuts.
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Renters in Vancouver pessimistic about homeownership: poll
A recent poll reveals that 86% of non-homeowners in Vancouver feel there is little chance of ever owning property, with only 6% confident they will own a home. BC Housing CEO Jill Atkey notes it takes an average of 22 years for renters to save for a down payment. While rental rates are beginning to…
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High Land Costs In Vancouver Pushing Condo Projects Out To Suburbs
Canada Housing and Mortgage Corporation's bi-annual report reveals a 4% increase in housing starts across major cities in the first half of 2024, totaling 68,639 units. However, Metro Vancouver experienced a decline due to slow sales and high financing costs, with population-adjusted starts dropping from 58.0 to 45.6 per 10,000 population. The decrease was mainly…
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Condo Renovation Do’s and Don’ts
Develop a detailed plan, including budget and design goals, before starting your condo renovation. Allocate a budget that accounts for unexpected costs and allows flexibility throughout the renovation.
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The Impact of Vancouver Empty Home Tax
The Canadian housing market faces a severe imbalance, with supply lagging behind surging demand. Vancouver’s vacant home tax increased housing availability but did not spur new constructions or lower rents.