Category: Uncategorized
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Why Metro Vancouver Is Heading to a Buyer’s Territory
Metro Vancouver's Real Estate market has seen rising inventory and a jump in sales, suggesting a shift towards a buyer's market. The market is segment-specific: condo inventories are rising, while well-priced detached homes and duplexes still receive multiple offers
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Metro Vancouver Sees 20% Surge in New Listings
New listings ↑ 20% yearly, boosting inventory levels. Sales totalled 2,333, ↓ 5% yearly and ↓ 18% below the 10-yr avg.
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Vancouver Remains Attractive to Investors
Vancouver's cap rates are among the lowest in Canada, indicating lower risk and potential high returns.Cap rates expected to remain stable for Q3 2024.
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Vancouver Rentals Still Most Expensive in Canada
Vancouver and Burnaby remain the priciest rental markets in Canada despite year-over-year declines.Vancouver's one-bedroom rentals dropped 7.7%, and two-bedrooms fell 5.6% year-over-year.
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Interest Rate Cut Won’t Cool Vancouver Housing Market
Bank of Canada’s rate cuts may lower mortgage rates but won't significantly impact home prices. Decreasing rates are likely to result in lower fixed-rate mortgages, making now a good time to shop.
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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: 906 909 MAINLAND STREET
This Great one-bedroom suite with den faces the courtyard in everyones favourite place at Yaletown park 2 .Good-sized insuite storage. Amenities include gym, media room, meeting room, guest suite, storage and concierge. Must see this great home. Good for investors and first-time buyers. Walking distance to all top restaurants( Blue water, Elisa, cactus Club, earls,…
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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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Check out this open house Listing Address: 906 909 MAINLAND STREET
This Great one-bedroom suite with den faces the courtyard in everyones favourite place at Yaletown park 2 .Good-sized insuite storage. Amenities include gym, media room, meeting room, guest suite, storage and concierge. Must see this great home. Good for investors and first-time buyers. Walking distance to all top restaurants( Blue water, Elisa, cactus Club, earls,…
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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.