Category: Uncategorized

The average rent for residential properties in Canada dropped slightly in November, marking a 0.2% decrease from the previous month's record high. Vancouver had the highest average rent for a one-bedroom unit, followed by Burnaby. In the Greater Toronto Area, Toronto had the third highest average rent for a one-bedroom unit. Rents have increased annually…

A recent report has identified the cheapest Canadian cities for renters. The report was considering factors like: Rent WiFi speeds Cafés Access to national parks Avg temperatures

The City of Vancouver introduced the Project Requirements Exploration Tool to expedite permitting times for laneway houses.The tool is part of the city's broader plan to accelerate permit approvals for housing projects and increase housing supply. Laneway houses are detached homes facing alleys, aiming to add rental units in low-density neighborhoods, with ~5K existing in…

Co-ownership, a novel approach, transforms homeownership challenges with collaborative property investment.Splitting the cost of a detached home among 2 groups makes homeownership feasible for more people. CoHo BC organizes property tours, allowing potential co-owners to assess homes and compatibility with each other.

Ventana Construction Corporation and GBL Architects have applied for a development permit to redevelop seven houses into 125 rental homes near Sir Charles Tupper Secondary School in Vancouver. The development will include a five-storey apartment building and a three-storey townhouse building. The units will consist of studios, one-bedroom, two-bedroom, and three-bedroom units. The site will…

Vancouver housing market posts strong sales, new listings growth Continue to full article

Land availability for construction-ready vacant land is limited in Toronto and Vancouver. In Toronto, residential vacant land accounts for 14.3% of the Census Metropolitan Area land, with 33.3% of it in the city core. Vancouver has only 4.5% of the CMA as residential vacant land, dropping to just 0.3% in the city core.

In the Vancouver Real Estate market, neither buyers nor sellers currently have a clear advantage, leading to frustration among both parties.Buyers may return to the market when interest rates drop, creating a rush for more affordable financing. The reluctance to make a move has been attributed to low inventory, with sellers choosing to hold.

Condo investors in Vancouver are holding onto their properties despite high carrying costs because there are few takers if they try to sell.Potential sellers are choosing to put their properties back on the rental market instead of selling because of limited demand from buyers.However, some are considering selling even if the property's value has decreased…

Vancouver city councillor Christine Boyle plans to introduce a motion to add more housing, shops, and services in the wealthy Shaughnessy neighborhood. Despite current zoning allowing for more density, Boyle believes the current approach isn't working and wants to explore options for more rental and family-sized housing. However, some residents argue that the motion is…