Category: Uncategorized
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Check out my new listing Address: 810 E 51ST AVENUE
Entire 3BD 3BA back unit of a newly built fourplex! PRICE INCLUDES GST.No strata fees, basement rental unit, move-in ready! Located on the East Side, it's convenient and quiet with a modern open layout. Crafted by a West Side luxury builder , this place is stunning and built to the highest standards. Comes with 2-5-10…
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New interest rate will not impact Vancouver housing market
Bank of Canada's interest rate cuts may not significantly impact the housing market. Lower interest rates could lead to better mortgage rates, but home prices are unlikely to decrease much due to high demand. First-time buyers still need a substantial down payment. Home prices are expected to remain stable in 2024 but could rise in…
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Land Deals in GVA on Hold as Developers Remain Cautious
Land sales in Metro Vancouver are slow due to high financing costs and developers waiting for better deals. Developers are looking for land priced well below market value to account for potential future difficulties.
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City of Vancouver records downward trend in building permit processing times
City of Vancouver has seen a decrease in building permit processing times due to new measures. Home renovation permits now take 23 days, down from 44 days in 2023. Processing time for new-build single-family houses is now 33 weeks, a 25% increase in speed. Commercial renovation permits are processed 45% faster at 32 days. The…
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Home sales fall 19% in June
Greater Vancouver's real estate board reported a 19.1% drop in home sales in June compared to last year, with 2,418 sales recorded. The number of homes listed for sale in Metro Vancouver increased by 42% year-over-year to 14,182. Despite sellers being eager to list properties, buyers are hesitant, leading to improved selection and more balanced…
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Check out my new listing Address: 509 2968 SILVER SPRINGS BOULEVARD
Discover the epitome of modern living in this stunning 1,206 sq ft top-floor corner condo. This fully renovated residence where every detail has been meticulously updated to meet contemporary standards offers an open and spacious floor plan with bedrooms strategically positioned on opposite sides for ultimate privacy. Exquisite crown molding adds a touch of elegance…
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Toronto, Vancouver Rank High in Housing Costs
Toronto and Vancouver rank among the most unaffordable housing markets globally. Vancouver's median multiple of 12.3 places it 3rd on the list.
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Vancouver Housing Starts Decline
Housing starts in Vancouver fell 32% in May compared to April. Contrasts with national housing starts, which increased by 10%.
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Vancouver announces housing development acceleration plan
The City of Vancouver aims to approve 83,000 new homes in the next decade, a 15% increase from previous targets. The updated plan includes 74% new homes for renters, 15,500 below-market rate homes, and 40% suitable for families. A Three-year Action Plan will implement over 50 actions, such as creating the city's first Official Development…
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Rent Decreases Only in Vancouver This Year
Vancouver's rent prices are doing something different than other major cities in Canada. Vancouver is the only city among the top 10 most expensive where rent prices decreased yearly.