Author: admin
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Vancouver Sets Goal of 83,000 New Home Approvals by 2033
The City of Vancouver disagrees with the provincial government's method of tracking new housing supply. Vancouver prefers tracking approvals (when permits are granted) instead of completions (when homes are built).
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Vancouver Slips in Global Liveability Rankings
The liveability index shows Vancouver dropping from 5th to 8th place, attributing this decline to the housing shortage. Vancouver's overall livability score was 96.6 out of 100.
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The price has reduced for this Listing, check it out Listing Address: 605 4134 MAYWOOD STREET
Experience living at PARK AVENUE TOWERS – a well-maintained concrete high-rise in the heart of Metrotown with resort-like amenities next to Central Park, a golf course, tennis courts,Crystal Mall and steps away from the SkyTrain. This renovated 2-bedroom, 1-bath corner unit features a large covered balcony with sunrise views. The building offers unbelievable amenities including…
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New interest rate will not impact Vancouver housing market
Bank of Canada's interest rate cuts may not significantly impact the housing market. Lower interest rates could lead to better mortgage rates, but home prices are unlikely to decrease much due to high demand. First-time buyers still need a substantial down payment. Home prices are expected to remain stable in 2024 but could rise in…
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Land Deals in GVA on Hold as Developers Remain Cautious
Land sales in Metro Vancouver are slow due to high financing costs and developers waiting for better deals. Developers are looking for land priced well below market value to account for potential future difficulties.
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Check out my listing Address: 605 4134 MAYWOOD STREET
Experience living at PARK AVENUE TOWERS – a well-maintained concrete high-rise in the heart of Metrotown with resort-like amenities next to Central Park, a golf course, tennis courts,Crystal Mall and steps away from the SkyTrain. This renovated 2-bedroom, 1-bath corner unit features a large covered balcony with sunrise views. The building offers unbelievable amenities including…
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Office space conversions on the rise in Vancouver
Vacancy rate in Metro Vancouver rises to 9.7% in the second quarter of 2024, marking a second consecutive increase. Vancouver's downtown struggles with a 10.8% vacancy rate, while suburbs have 8.4%. Office space under development decreased from 6.2 million to 1.1 million square feet, with a shift towards residential or hotel conversions mid-construction. National office…
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Check out this open house Listing Address: 59 1701 PARKWAY BOULEVARD
" TANGO " is a single house with Strata built by Liberty Homes in the sought-after Westwood Plateau area. This well-maintained property boasts 4 bedrooms and 4 bathrooms, and is situated in a peaceful, family-friendly neighborhood. Upstairs, you'll find a spacious master suite with an ensuite, along with two additional bedrooms and a laundry room.…
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Vancouver plan to accelerate housing development
Vancouver aims to approve 83,000 new homes in the next decade, a 15% increase from previous targets. The plan includes 74% of new homes for renters, 15,500 below-market rate homes, and 40% for families. The Three-year Action Plan (2024-2026) will focus on creating an Official Development Plan, increasing density near transit, allowing social housing in…
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Vancouver Ranked Among Least Affordable Cities in the World
Vancouver has been ranked one of the least affordable housing markets in the world for the past 16-yr. The Demographia International Housing Affordability Report ranked Vancouver as the 3rd least affordable housing market, behind Hong Kong and Sydney.