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Vancouver has received $115 million in federal housing funds, with Burnaby confirmed to receive $43 million and Kelowna already receiving $31.5 million. The housing accelerator fund aims to support new housing construction through innovative methods. Other municipalities in British Columbia, like Surrey, are awaiting updates on their applications. The funds were previously paused due to…

Vancouver features stunning landscapes, like Stanley Park, beaches, mountains, with a mild, yr-round climate. Vancouver flourishes as a multicultural hub, promoting inclusivity via diverse heritage festivals and events.

The Vancouver City Council on Monday unanimously voted to adopt regulations for short-term rentals for a 24-month pilot period. City code didn’t previously permit short-term rentals — defined by the … Continue to full article

The average asking price for rental units in Canada saw an 8.4% increase year-over-year, despite remaining flat in November. The cost of a one-bedroom unit rose by 13.6% and a two-bedroom by 10.5% annually. Rent growth slowed in Vancouver and Toronto, while Edmonton surpassed Calgary. Montreal and Ottawa also experienced rent increases. The average price…

Vancouver's downtown office vacancy rate has increased from 2% to 12% since the pandemic. This shift has created more opportunities for businesses in the city's core. The increase in vacancy rates has led to more lease options for tenants and a re-evaluation of how office space is used. Despite the high vacancy rates, newer and…

The operating budget, worth $2.15B, reflects a substantial ↑ from 2023. If approved, median residential owners could see an extra $100-$263 in taxes. Efforts to reduce the increase are evident in council discussions.

Several Metro Vancouver developers confirm stability despite concerns about financial challenges in the industry. Rapidly rising interest rates, ↑ construction costs, and governmental fees affect development activities. These factors cause a slowdown, prompting strategic investments by developers in viable projects.

Home sales in the Vancouver area increased last month due to a rise in newly listed properties, giving buyers a larger selection. However, sales were still below the 10-year seasonal average. The total number of home sales in November was 1,702, a 4.7% increase from the previous year but 33% below the seasonal average. There…

Housing Proposal: The Vancouver councillor aims to add housing despite existing zoning in Shaughnessy. Affluent Concerns: Shaughnessy lacks rental stock; councillor wants family-sized, affordable housing options.