Author: admin
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Potential of Laneway Homes in Vancouver’s Housing Market
Builder Advocates for Sales: Suggests allowing laneway home sales to potentially create 30,000 new units in Vancouver.Regulatory Limitations: Existing rules restrict laneway homes to rental purposes, reducing incentives for homeowners.
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Check out this open house Listing Address: 410 1661 FRASER AVENUE
Welcome to Brimley Mews in Glenwood, Port Coquitlam! This end unit features 3 bedrooms, 2 bathrooms, a huge private front and back yard, and a practical layout with 9 ft ceilings and lots of windows providing ample sunlight. The south-facing patio, lovely kitchen with an island, dining room, and living room make it perfect for…
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Check out my new listing Address: 410 1661 FRASER AVENUE
Welcome to Brimley Mews in Glenwood, Port Coquitlam! This end unit features 3 bedrooms, 2 bathrooms, a huge private front and back yard, and a practical layout with 9 ft ceilings and lots of windows providing ample sunlight. The south-facing patio, lovely kitchen with an island, dining room, and living room make it perfect for…
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Why Metro Vancouver Is Heading to a Buyer’s Territory
Metro Vancouver's Real Estate market has seen rising inventory and a jump in sales, suggesting a shift towards a buyer's market. The market is segment-specific: condo inventories are rising, while well-priced detached homes and duplexes still receive multiple offers
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Vancouver Remains Attractive to Investors
Vancouver's cap rates are among the lowest in Canada, indicating lower risk and potential high returns.Cap rates expected to remain stable for Q3 2024.
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Report highlights short-term rental impacts
The Columbia Valley is facing a housing crisis exacerbated by a significant increase in short-term rentals (STRs). A report from McGill University highlights that Invermere has the highest impact from STRs in the Kootenay Rockies, with 180 active listings, representing 8.1% of its dwellings. This has led to a loss of 100 housing units to…
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Minimum down payment to buy a home in BC is soul-destroying
Purchasing a home in BC is increasingly difficult due to high prices, with a report indicating a minimum down payment of $70,948 based on an average sale price of $959,480. A 20% down payment is $191,896. Ontario follows, but with lower down payment requirements. The average salary in BC is $53,042, making homeownership challenging for…
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The price has reduced for this Listing, check it out 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 Rentals Still Most Expensive in Canada
Vancouver and Burnaby remain the priciest rental markets in Canada despite year-over-year declines.Vancouver's one-bedroom rentals dropped 7.7%, and two-bedrooms fell 5.6% year-over-year.
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Weak Greater Vancouver Real Estate Market “Surprising” After Two Rate Cuts
In July 2024, Greater Vancouver's residential sales totaled 2,333, down 5% from July 2023 and 17.6% below the 10-year average. New listings increased by 20.4% to 5,597, raising active listings to 14,326, a 39.1% rise from the previous year. The sales-to-new-listings ratio is 41.4%, indicating a buyers' market, while the sales-to-active-listings ratio is 16.9%, suggesting…