Category: Uncategorized

Metro Vancouver rent remains Canada's highest but has declined slightly yearly, with price variation across neighbourhoods.West Vancouver and West Point Grey remain the region's priciest, with rents over $2,900 for one-bedrooms.

Federal sites in Vancouver and Port Moody are identified for redevelopment into affordable housing. Both properties are near major transit lines, enhancing accessibility.

Bills 44, 46, 47 & 18 shift zoning authority from municipalities to the Province, failing to address affordability.Vancouver's updated housing targets favour market housing (82%) over affordable housing (19%), worsening the crisis.

Vancouver's New Normal: Setting the Baseline for Land PricesCourt-ordered sales are offering land at discounts, reshaping Vancouver’s land price landscape.

Millennial Demand Rising: Nearly 75% of millennials and Gen Z prioritize homeownership, driving future market growth.Surge in Sales Expected: Increased buyer activity is anticipated to reduce excess inventory, especially in multi-family markets.

The Bank of Canada’s rate cuts have yet to significantly lift housing markets from their slump. Inventories have increased with more sellers entering the market, giving buyers more decision-making time.

Despite two rate cuts, August sales ↓ 17.1% yearly in Greater Vancouver. Home prices held steady in August, with a benchmark of ~$1.2M, ↓ 0.9% monthly.