Category: Uncategorized

Federal Housing Minister, won't withhold subsidies to municipalities, despite increased construction fees.Concerns have been raised about the substantial hike in fees for market rental housing construction projects. Metro Vancouver faces funding challenges to support growth-related infrastructure, such as sewer and water treatment facilities.

The report highlights the growing disparity between Vancouver's Real Estate prices and avg income.In Vancouver, the median after-tax household income is $86,988. The report reveals that with this income, a median-earning family can afford only a $347K house.

Vancouver and the province of British Columbia are considering converting empty office towers into housing to address the housing crisis. The Minister of Housing is open to the idea but unsure of the demand. Vancouver currently has an 8.6% vacancy rate for office spaces, while Victoria has a 6.5% vacancy rate. Rezoning may be required…

Sales of luxury homes in Vancouver are ↓ steadily. There have been 8 sales of properties priced above $6M in September. Rising interest rates are having an impact on the luxury Real Estate market.

Vancouver remains the most expensive city for renters in Canada, with average prices for one-bedroom and two-bedroom units. However, rental prices in Vancouver and Burnaby have decreased slightly due to a surge in rental listings and new legislation. Despite the temporary drop, experts believe that rental costs will continue to rise in the long term.…

From getting a roommate to extending the time they’ll carry a mortgage, Budhwani is one of many Metro Vancouverites thinking of creative ways to avoid selling their home as interest rate increases drive up monthly payments. Borrowers could see a 30 to 40% uptick in monthly mortgage payments, the CMHC warned, and the lion’s share…

The Mayor unveiled a 7-point motion to address Vancouver's housing crisis, focusing on boosting housing supply and reducing barriers.The motion prioritizes new housing construction, higher density around transit hubs, and enforcing short-term rental regulations.

The REBGV notes an increase in new listings that is stabilizing the housing market. September saw 1,926 sales, ↑ 13.2% yearly. However, this figure ↓ 16.1% MoM, ↓ 26.3% below the 10-yr seasonal avg.

Home prices in major Canadian cities, including Vancouver, have dropped. However, affordability ↓ due to higher stress test requirements. Vancouver's avg home price ↓ $5.1K to $1,203,300 in September.

Popular Clover Park Gardens Complex?!! Central location across from Fraser Downs & Casino, walk to shops and transit. This is a Hard to find unit that is Perfect for not only a 1st time buyer but also makes an excellent rental as well for investor since both Rentals and pets are allowed in complex.? Spacious…