Category: Uncategorized
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2025 Brings Optimism to Vancouver’s Luxury Housing
Vancouver’s luxury housing market enters 2025 with cautious optimism amid lingering buyers’ market conditions.Softening prices, oversupply, and falling interest rates create favourable investment opportunities in luxury condos.
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City of Vancouver would act as landlord in bold new market rental plan
The City of Vancouver has announced a new market rental plan targeting middle-income earners, led by the Vancouver Housing Development Office. This pilot initiative will utilize City-owned property, starting with a site at Pacific and Hornby, to create up to 1,136 market rental homes. To qualify, households must earn between $90,000 and $194,000. The City…
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Vancouver’s Housing Market: Million-Dollar Forecast
Vancouver's housing market is resilient, with the average B.C. home price forecast to surpass $1 million in 2025.Vancouver's housing demand remains high, with buyers relying more on wealth than mortgages, maintaining market activity amid high prices.
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Vancouver Leads in Rent, Despite Recent Declines
Vancouver remains Canada's most expensive city, despite rent declines in December 2024. Average rent for a one-bedroom in Vancouver was $2,512, ↓ 7% yearly.
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Vancouver sees boost in housing supply as sellers re-enter market
Vancouver's real estate market is experiencing a shift with increased seller activity and rising home sales. In January, 1,552 homes were sold, an 8.8% increase from last year, though still 11.3% below the 10-year average. New listings surged 46.9% to 5,566 properties. The total homes listed reached 11,494, up 33.1% year-over-year. The composite benchmark price…
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What Signals Rising Housing Affordability in Vancouver?
Housing affordability in Vancouver shows slight improvement, yet extreme affordability challenges persist. RBC forecasts a 2% policy rate by mid-2025, potentially reducing ownership costs further.
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Vancouver’s Housing Market Heats Up: A Surge in Sales and New Listings!
Vancouver's housing market saw a strong start in January, with 1,552 homes sold, an 8.8% increase year-over-year. New listings surged to 5,566, a 46.9% rise from the previous month, contributing to a total inventory of 11,494 homes, up 33.1% from last January. The benchmark home price is stable at $1,173,000, reflecting a slight 0.5% annual…
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Real estate analysts say Vancouver trends point toward increasingly active 2025
Greater Vancouver home sales increased by 31.2% year-over-year in December, totaling 1,765 transactions, though still 14.9% below the 10-year seasonal average. Newly listed properties rose by 26.3% to 1,676. The composite benchmark price was $1,171,500, up 0.5% from the previous year. Overall, 2024 saw a 1.2% rise in home sales, but total transactions remained 20.9%…
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Vancouver Draft Budget Proposes 3.9% Property Tax Increase
The property tax increase, now 3.9% instead of 5.5%, eases financial pressure on homeowners and renters. Adjusted funding allocations prioritize maintaining housing affordability while balancing essential city services and community needs
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Is it getting harder for Vancouver tenants to fight evictions?
A Vancouver tenancy lawyer highlights that the eviction process in British Columbia is increasingly biased against tenants, with expedited hearings leaving them little time to prepare. The current system requires tenants to apply for dispute resolution, while landlords only need to provide minimal justification for evictions. This has led to a significant rise in cases…