Category: Uncategorized
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Canada’s housing starts led by new apartments in Vancouver and Toronto
The Canada Mortgage and Housing Corporation’s (CMHC) newly released data shows that the number of housing starts in Canada’s six largest metropolitan areas increased by only 1% over the first half of 2023 compared to the first half of 2022. Vancouver and Toronto dominated the housing starts, with 58% of the total being apartments, driven…
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In Memory of Our Heroes
The “eleventh hour of the eleventh day of the eleventh month" of 1918 that signaled the end of World War I. On this day we honour those who have sacrificed so much to keep our flag flying high. Remembrance Day Salute to all heroes, and thank you for your service.
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Canada invests over $48 million for new rental homes in Vancouver
The Government of Canada has invested $48.5 million for the construction of 104 purpose-built rental homes for residents of Vancouver through the Rental Construction Financing Initiative. This project is fully leased and was completed in June 2021. It is LEED Gold certified and is connected to the False Creek Neighbourhood Energy Utility. The project was…
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New Listing: 68 17712 60 AVENUE
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…
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BC government orders City of Vancouver to add 29,000 homes over the next five years
The City of Vancouver must catalyze the completion of 28,900 new additional homes over the next five years, as mandated by the Government of British Columbia’s Housing Supply Act. This target order is four times higher than the next highest target order, held by the City of Abbotsford. The order includes 8,015 ownership homes and…
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Solutions for Tackling Vancouver’s Affordable Housing Crisis
Metro Vancouver is facing a severe shortage of affordable housing, with long waitlists and rising costs affecting households of all income levelsTo address the housing crisis, experts suggest: 1- Replacing exclusionary zoning with by-right zoning to permit density for affordable homes. 2- Simplifying and adding predictability to the approvals process to reduce risks and delays.
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Condo Price Dynamics in Metro Vancouver
Prices seemed steady yearly, but had significant fluctuations within the year. Condos will sell if priced right; Langley and Port Moody attract sub-$600k buyers. Upfront homeownership costs deter potential buyers, impacting the market.
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Factors Affecting the Condo Market in Vancouver
High living costs and stagnant earnings strain household budgets. Inflation dampens national condo buying activity. Stress test and higher borrowing costs reduce condo market share in key markets.
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‘Vancouver Plan’ aims to accelerate new housing in B.C.’s biggest city
The mayor of Vancouver has proposed a seven-point motion to reduce barriers and streamline regulations to create more homes in the city in order to address the housing crisis. The plan includes increasing housing density around transit hubs, speeding up a plan for 26 villages in the city, and increasing enforcement of short-term rental regulations.…
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Vancouver Approves Multiplex Housing Plan With Mixed Reactions
Vancouver city council has approved zoning changes to allow multiplex homes in low-density residential neighbourhoods. The plan permits up to 8 rental units on large lots or up to 6 strata units per lot, aiming to address the need for missing middle housing. Supporters praise the plan to increase housing inventory and provide diverse housing…