Category: Uncategorized
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Real estate analysts say Vancouver trends point toward increasingly active 2025
Greater Vancouver home sales increased by 31.2% year-over-year in December, totaling 1,765 transactions, though still 14.9% below the 10-year seasonal average. Newly listed properties rose by 26.3% to 1,676. The composite benchmark price was $1,171,500, up 0.5% from the previous year. Overall, 2024 saw a 1.2% rise in home sales, but total transactions remained 20.9%…
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Vancouver Draft Budget Proposes 3.9% Property Tax Increase
The property tax increase, now 3.9% instead of 5.5%, eases financial pressure on homeowners and renters. Adjusted funding allocations prioritize maintaining housing affordability while balancing essential city services and community needs
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Is it getting harder for Vancouver tenants to fight evictions?
A Vancouver tenancy lawyer highlights that the eviction process in British Columbia is increasingly biased against tenants, with expedited hearings leaving them little time to prepare. The current system requires tenants to apply for dispute resolution, while landlords only need to provide minimal justification for evictions. This has led to a significant rise in cases…
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41,500 New Homes in Vancouver’s Broadway Plan
The Broadway Plan aims to add 41,500 new homes and 45K new jobs over 30 years. Updates align with new provincial Transit Oriented Areas (TOA) legislation, boosting economic growth and housing.
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Vancouver’s Tallest Towers Promise 1,136 Rental Units
Vancouver proposes a high-rise rezoning project near Burrard Street Bridge, promising significant urban transformation. The site spans 1.8 acres, valued at $65.6 million, currently occupied by aging low-rise buildings.
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Vancouver office market feeling the heat as vacancies rise
The office market in Greater Vancouver experienced a vacancy rate increase to 9.8% in Q4, up 1.2 percentage points from the previous year, attributed to uncertain market conditions and companies reassessing office space needs. The downtown core's vacancy rate decreased slightly to 11.2%, but the real rate is closer to 12.9% when accounting for unlisted…
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Vancouver Forecasts ~34K Homes by 2028
Vancouver aims to complete ~34K units by 2028, surpassing the 28,900-unit provincial target. The city’s development pipeline includes 58K units, with ~19K approved and ~14K under construction.
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Here are the top 10 cheapest neighbourhoods to rent in Vancouver
Vancouver remains Canada's third-most-expensive rental market in January 2025, with average rents for one-bedroom units at $2,490 and two-bedroom units at $3,262. West Vancouver leads in high costs, averaging $3,624 for one-bedroom rentals. However, some neighborhoods offer more affordable options. Sunset-Victoria Fraserview has the lowest average rent at $1,976, followed by Marpole at $2,072 and…
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Check out this open house Listing Address: 23936 KANAKA Maple Ridge, British Columbia V2W0H7
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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Vancouver Tops North America in Quality of Life
Vancouver ranks 7th globally for quality of life, leading North American cities in 2024. The city’s quality of life is shaped by its temperate climate, outdoor recreation, and urban amenities.