Category: Uncategorized
-
Vancouver Leads in Rent, Despite Recent Declines
Vancouver remains Canada's most expensive city, despite rent declines in December 2024. Average rent for a one-bedroom in Vancouver was $2,512, ↓ 7% yearly.
-
Vancouver sees boost in housing supply as sellers re-enter market
Vancouver's real estate market is experiencing a shift with increased seller activity and rising home sales. In January, 1,552 homes were sold, an 8.8% increase from last year, though still 11.3% below the 10-year average. New listings surged 46.9% to 5,566 properties. The total homes listed reached 11,494, up 33.1% year-over-year. The composite benchmark price…
-
What Signals Rising Housing Affordability in Vancouver?
Housing affordability in Vancouver shows slight improvement, yet extreme affordability challenges persist. RBC forecasts a 2% policy rate by mid-2025, potentially reducing ownership costs further.
-
Vancouver’s Housing Market Heats Up: A Surge in Sales and New Listings!
Vancouver's housing market saw a strong start in January, with 1,552 homes sold, an 8.8% increase year-over-year. New listings surged to 5,566, a 46.9% rise from the previous month, contributing to a total inventory of 11,494 homes, up 33.1% from last January. The benchmark home price is stable at $1,173,000, reflecting a slight 0.5% annual…
-
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%…
-
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
-
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…
-
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.
-
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.
-
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…