Category: Uncategorized

Vancouver remains the most expensive city for renters in Canada, with average prices for one-bedroom and two-bedroom units. However, rental prices in Vancouver and Burnaby have decreased slightly due to a surge in rental listings and new legislation. Despite the temporary drop, experts believe that rental costs will continue to rise in the long term.…

Spectacular Panoramic VIEWS, over 12,000 sqft property near Ballantree Park & Capilano Lake, in Glenmore, British Properties area. Well kept 2 storey home 3 bedrooms & 3 bathrooms home offering amazing ocean, mountain & city and bridge views. Features over 2,500 sqft, of living space, with large Picture windows in the living room, 3 F/P's,…

Vancouver city councillor Christine Boyle plans to introduce a motion to add more housing, shops, and services in the wealthy Shaughnessy neighborhood. Despite current zoning allowing for more density, Boyle believes the current approach isn't working and wants to explore options for more rental and family-sized housing. However, some residents argue that the motion is…

Rental prices in Vancouver dropped in October but are still up compared to last year. The decrease is attributed to cooling weather and an increase in rental listings. However, experts believe this is a temporary shift and will not affect long-term affordability. Vancouver remains the most expensive city for renters in Canada. The average one-bedroom…

Rent prices in Metro Vancouver have decreased for the second consecutive month, but they are still high. The average price for a one-bedroom, unfurnished rental unit in November was $2,362. Prices have not significantly increased compared to last year. West Vancouver has the highest rental prices, followed by the City of Vancouver and North Vancouver.…

A report from rates.ca has found that the gap between the average home price in Vancouver and what the average earner can afford is widening. The median after-tax household income in Vancouver is $86,988, which would allow for a $347,000 house with an insured mortgage of $329,650. However, the average home price in Vancouver is…

Home values in major Canadian cities have decreased, making them less affordable due to higher stress test requirements and increased interest rates. According to Ratehub's latest housing report, the average price of homes in Vancouver has dropped by $5,100 and the income required to qualify for a mortgage increased by $3,900; Toronto saw the largest…

House prices in major cities like Vancouver and Toronto have continued to rise despite nominal gains in household incomes and increasing interest rates. Reports from Ratesdotca.com show that Vancouver has the worst affordability differential among Canada’s big cities, with the median household income being only a third of what is needed to buy the average…

The City of Vancouver has released a new tool, the Project Requirements Exploration Tool (PRET), to quicken permitting times for laneway houses in an effort to address housing supply gaps. This tool is designed to help single-family residential lot owners apply for permits to build secondary rental suites and is part of the three-year Housing…

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…