Category: Uncategorized
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Vancouver Real Estate: Sales and Inventory up, Prices Steady
Home sales in Greater Vancouver increased 3.3% yearly, but sales remain below the 10-yr avg in Early Q2. The number of homes listed for sale surged 42.1% yearly, exceeding 12K for the first time since summer 2020, representing a 16.7% increase above the 10-yr seasonal avg.
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BC Housing Targets: North Vancouver on the Nice List
North Vancouver City was included in a list of 20 municipalities designated for provincial housing targets. Historically, this list has targeted slow-approvers of new housing density.
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Bank of Canada cuts key rate for first time in more than 4 years
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Vancouver Apartment Rents See First Dip in Years
Vancouver has the most expensive rent for 1-bedroom units in Canada, despite a slight decrease this year.The avg rent for a 1-bedroom unit in Vancouver is $2,633, ↓ 4% yearly from $2,743.
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Mixed-use developments diversify as demands increase
Developers are focusing on creating mixed-use buildings to accommodate a variety of office users in urban environments. New industrial zoning in Vancouver allows for a mix of office and industrial spaces, promoting vibrant urban communities. Projects like Marine Landing and Capital Iron lands are examples of this trend, combining industrial, office, and residential spaces to…
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Check out this open house Listing Address: 210 19451 SUTTON AVENUE
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Vancouver Rezones: Balancing Density With History
Vancouver is set to revise First Shaughnessy's zoning to align with new BC housing legislation. Shaughnessy's historic neighbourhood is preparing to welcome denser, multi-unit housing developments.
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Vancouver Homebuyers: $2K Income Boost Is Needed!
The annual income required to secure and carry a mortgage in Vancouver has climbed another $2,270 MoM. Required income: – Mid-Q1: $230,350 – Late-Q1: $232,620
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CAPITAL REGION COMMERCIAL REAL ESTATE REPORT
A new townhome development called Emerson is coming to Victoria with a unique mortgage offer allowing a 35-year amortization. Colwood will see a six-storey residential complex with retail space. Royal Bay is launching a condominium pre-sale with 82 homes. Langford will have a 106-unit apartment building. Saanich's Oak & Stone condominium pre-sale has opened. Victoria's…