Category: Uncategorized
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Vancouver: What’s Driving the Prices Up?
Land Speculation: Global investors and speculators drive up land prices, making housing less affordable. Limited Supply: Restricted land availability and zoning regulations constrain housing supply, pushing prices higher.
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Check out my new listing Address: PH609 53 W HASTINGS STREET
Experience modern living at its finest in this stunning concrete and glass penthouse loft designed by award-winning architect Gair Williamson. This luxury live/work space features 2 bedrooms, a den, polished concrete floors, and expansive windows with breathtaking views. Enjoy the outdoors with two terraces, one of which is a 487 sqft rooftop terrace equipped with…
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Check out my listing Address: 59 1701 PARKWAY BOULEVARD
" TANGO " is a single house with Strata built by Liberty Homes in the sought-after Westwood Plateau area. This well-maintained property boasts 4 bedrooms and 4 bathrooms, and is situated in a peaceful, family-friendly neighborhood. Upstairs, you'll find a spacious master suite with an ensuite, along with two additional bedrooms and a laundry room.…
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Vancouver’s Iconic Views: Protected or Sacrificed?
Vancouver’s revised view-protection rules now include fewer protected views, impacting city skyline and development. These changes could result in 20 million square meters of additional development over the next century.
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Metro Vancouver and Fraser Valley homebuyers still hesitant despite Bank of Canada rate cuts
Homebuyers in Metro Vancouver and Fraser Valley remain hesitant despite recent Bank of Canada rate cuts. July 2024 saw home sales drop 5% in Metro Vancouver and 7% in Fraser Valley compared to previous months, with both regions experiencing significant increases in available listings. Benchmark home prices have slightly decreased, with the overall price in…
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Vancouver Wants Housing Plan Disclosure Order Quashed
Vancouver was ordered to disclose rental housing plans under the Freedom of Information Act. The city withheld information citing harm to financial, economic, and third-party interests.
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Vancouver Faces Housing Market Challenges Amid Rising Costs
Vancouver's housing market is facing challenges due to rising home prices and increased property taxes, which have risen by 7.5% recently, with another hike proposed for 2025. Many development projects have stalled as costs soar and prices fall, making them financially unviable. Local leaders are considering slowing population growth to manage infrastructure demands, but aging…
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New Sunrise Village affordable homes being built in Vancouver
Construction has started on 146 new affordable rental homes at Sunrise Village in Vancouver, located at 2924 Venables St. The project will feature two six-storey buildings, replacing a 64-unit low-rise. It will provide 82 net-new affordable units, with former tenants given the right of first refusal. Set to open in 2027, the development will include…
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Where to Buy a Home for Under $1M in Metro Vancouver
In Uptown, New Westminster, the benchmark price is $617K, with a 5-yr price growth of 29%. Mid Meadows in Pitt Meadows offers homes at $787K, showing a 33% increase over 5-y.
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Housing construction slowdown hitting Vancouver
Housing construction in the Vancouver area has significantly declined, with a 15% drop in new housing starts in July 2024 compared to the previous year. Factors such as high interest rates, rising construction costs, and permitting delays are hindering development, despite government efforts to increase housing supply. Predictions indicate further declines in housing starts, with…