Category: Uncategorized

Vancouver city staff are proposing fee increases for a variety of services., including STRs. It’s an effort to offset a proposed property tax increase of over 9% for 2024. The proposed fee increases would also bring Vancouver's fees more in line with other BC municipalities.

The Vancouver City Council passed a motion to allow for multiplex and character homes to be built on single lots with a maximum of 8 homes. This includes a reduction in the size of single-detached homes but increases the size of laneway houses. The nine RS residential zones have been combined into a new R1-1…

The Canadian government is supporting the construction of 422 purpose-built rental homes in 3 projects in Vancouver. The funding is provided through the Rental Housing Finance Initiative (RCFi), providing fully repayable low-interest loans.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…

Vancouver City Councillor Lenny Zhou proposed to increase the short-term rental licence fee from $109 to $1000 for 2024. He argued that this increase will help to hire more enforcement staff and generate $2.7 million in revenue. He believes that the fee increase will not hurt the legal market and that the additional revenue can…

Housing starts in Metro Vancouver increased by 50% in the first seven months of 2023 compared to the same period in 2022.

Metro Vancouver experiences rising rent prices, marking the fifth consecutive month of hikes. The avg rent for an unfurnished one-bedroom apartment surpasses $2,400 this month, ↑ $25 MoM.

Vancouver's housing market is known for high prices and low affordability, exacerbated by wealthy foreign buyers and speculative investments. .

At a public meeting, the Vancouver City Council unanimously approved an amendment to increase the annual license fee for short-term rental purposes, such as Airbnb, from the existing rate of $109 annually to $1,000 annually. This 800% increase is expected to generate roughly $2.6 million in new revenue for the municipal government per year, which…