Author: admin
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Metro Vancouver Housing Trends: Detached vs. Condo Living
A new survey reveals over 40% of Metro Vancouver residents prefer single-family homes. Preferences for single-family homes vary by income and frequency of moving in recent years.
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Vancouver court case exposes cracks in B.C.’s approach to fast-tracking housing
B.C.’s housing minister is determined to push for local approval of new housing projects despite a recent court ruling deeming provincial legislation unconstitutional regarding a supportive housing project in Vancouver's Kitsilano. The ruling, celebrated by local opposition groups, criticized the government's attempt to bypass judicial review. While the province plans to continue its housing initiatives,…
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World’s Best Cities: Vancouver
Vancouver faces challenges with limited hotel and residential spaces, driving up rental prices. Many hotels converted to social housing during the pandemic, reducing the availability of accommodations for tourists.
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Vancouver’s Proposed 2025 Budget
A 5.5% increase aims to support operational costs and renew aging utility infrastructure critical for housing. Significant investment in utility services, including sewerage connections, supports the housing sector’s long-term sustainability.
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ABC Vancouver looks to set property tax hike at 3.9 per cent for 2025
Mayor Ken Sim announced a 3.9% property tax increase to balance Vancouver's $2.36 billion budget, significantly lower than previous hikes. The increase includes 1% for infrastructure and will result in average annual increases of $54 for condos, $149 for single-family homes, and $286 for business properties, alongside an 18.2% rise in utility fees. The budget…
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Vancouver Falls Short of Housing Targets Again
Vancouver's housing targets progress shows challenges; the city completed only 79.6% of Year 1’s goal (4,143 of 5,202 units). Rental units fell short; out of 4,143 completed units, only 2,618 were rentals, with 88% market units, missing provincial affordability targets.
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Vancouver draft budget proposes 5.5% property tax increase
Vancouver's proposed 2025 operating budget is $2.4 billion, including a 5.5% property tax increase, raising taxes by approximately $77 for median strata units and $211 for median single-family homes. The Vancouver Police Department seeks an additional $22.8 million, potentially requiring budget cuts or further tax hikes. The budget also proposes an $8 million increase for…
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Check out my listing Address: 1838 EUREKA Port Coquitlam, British Columbia V3C5C1
Welcome to Harbourview Estates in the highly desirable area of Citadel Port Coquitlam – a fully updated open-concept home in an excellent family neighbourhood. Located close to great school catchment including French Immersion/AP Programs and quick access to highway and parks. Spacious bright kitchen, living and dining area boast high vaulted ceilings and nice gas…
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Vancouver Condo Market Faces Cooling Trend
Vancouver's condo market faces a slowdown due to high costs, rising interest rates, and reduced demand. Developers struggle with unsold inventory and cautious lenders, halting new projects in key Canadian markets.
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Rent decides the “winner” in cost of living battle between Vancouver and Toronto
Vancouver is generally more expensive to live in than Toronto, primarily due to higher rent prices, which are 14.5% greater in Vancouver. To maintain a similar standard of living, one would need about $9,372.40 in Vancouver compared to $8,800 in Toronto. While rent is pricier in Vancouver, dining out is more costly in Toronto. Grocery…