Category: Uncategorized
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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.
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Check out my new 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 Real Estate Sees Record Inventory Surge
Greater Vancouver Real Estate’s predicted Spring boom looks like a bust, with minimal price movements in May.Home prices in Greater Vancouver ↑ 0.5% MoM and ↑ 2.3% yearly to $1.2M.
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Vancouver announces housing development acceleration plan
The City of Vancouver aims to approve 83,000 new homes in the next decade, a 15% increase from previous targets. The updated plan includes 74% new homes for renters, 15,500 below-market rate homes, and 40% suitable for families. A Three-year Action Plan will implement over 50 actions, such as creating the city's first Official Development…
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Rent Decreases Only in Vancouver This Year
Vancouver's rent prices are doing something different than other major cities in Canada. Vancouver is the only city among the top 10 most expensive where rent prices decreased yearly.
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Vancouver Eco-Friendly Timber Towers to Soar Higher
Vancouver council approved changes to building rules, allowing mass-timber buildings up to 18 storeys.Mass-timber construction, using engineered timber components, replaces concrete and steel.
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Higher sales in June bring hope to Vancouver’s housing market
RBC reports a 5% sales increase in Vancouver's real estate market in June compared to May. It will take two more months to confirm if there's a true market rebound. Listings grew by 7% from last year, while home resales dropped by -19.1%. Multi-unit dwellings helped stabilize costs, with most new listings being medium to…
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Vancouver Far Behind on Building New Homes
Vancouver is falling short of provincial housing targets. The city needs to complete 29K new residential units by 2028.
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Vancouver Property Tax Hike Debate: 7% vs. 5.5%
Vancouver City staff proposes a 7% property tax increase for 2025 to maintain current services. The Mayor wants to limit the increase to 5.5% and find cost savings to offset the difference.