Category: Uncategorized
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Vancouver council approves pause on supporting housing projects
Vancouver's council has approved a temporary halt on new supportive housing projects, disappointing B.C.'s Housing Minister, who emphasized the importance of such housing for vulnerable populations. The city aims to focus on renewing existing housing and transitioning temporary units to permanent homes. The pause excludes housing for seniors, families, and health-related needs. Critics argue this…
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Happy St. Patrick’s Day
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day.
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City of Vancouver maintains top credit rating and stable outlook
The City of Vancouver has achieved a ‘AAA’ credit rating with a stable outlook from S&P Global Ratings, reflecting strong financial management and a stable revenue base. Approximately 80% of its operating revenue comes from local sources like property taxes and user fees. Vancouver's net direct debt is 26.9% of operating revenue, consistent with other…
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STRs Crackdown Boosts Vancouver’s Rental Supply
Last year’s crackdown returned 10% of short-term rentals to long-term use or property sales. Two-bedroom rentals are 10% cheaper, with Vancouver rents hitting a 30-month low by December.
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Get Your House Market-Ready
Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.
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Federal government supporting energy upgrades for affordable homes in Vancouver
The federal government is investing over $15.5 million to improve energy efficiency in 420 affordable homes in Vancouver through the Canada Greener Affordable Housing program, along with an additional $511,000 from the Affordable Housing Fund. This funding will support deep energy retrofits, enhancing the longevity and efficiency of buildings for low- and moderate-income households. Key…
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Metro Vancouver: No Parking, Lower Costs?
Metro Vancouver aims to eliminate minimum parking requirements in new developments to reduce construction costs.Building a parking stall in Metro Vancouver can cost up to $230K due to site challenges.
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Vancouver unveils new plan for market rental housing on municipal land
The City of Vancouver is advancing a new strategy for market rental housing through the Rental Housing on City-owned Land – Public Benefits Pilot Rezoning Policy, proposing developments at Pacific and Hornby streets. The Vancouver Housing Development Office (VHDO) aims to deliver market rental housing while generating non-tax revenue. The initiative includes plans for 54-…
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Vancouver Empty Homes Tax Reminder
The declaration deadline for Vancouver’s Empty Homes Tax is February 4, 2025. If the declaration is not filed by the deadline, the property will be deemed vacant and subject to a 3% vacancy tax.
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Vancouver’s Real Estate Market Surges: What’s Fuelling the Frenzy?
Home sales in Vancouver rose by 8.8% in January, totaling 1,552 transactions, while new listings surged by 46.9% to 5,566 homes. Current inventory is at 11,494, a 33.1% year-over-year increase. The composite benchmark price is $1,173,000, indicating moderate growth. The market is shifting towards sellers, with strong buyer interest despite potential challenges from U.S. tariffs…