Dr Sam Mehrbod’s Blog

North Vancouver City was included in a list of 20 municipalities designated for provincial housing targets. Historically, this list has targeted slow-approvers of new housing density.

BC home sales are currently tracking at a 65K unit annual rate through Q1, similar to last year's pace. A ↑ 1%-2% in prices is expected across all Lower Mainland markets.

Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re looking to buy.

Vancouver needs more non-profit housing to address housing unaffordability. Non-profit housing is rent-geared-to-income and provides security of tenure.

Vancouver has the most expensive rent for 1-bedroom units in Canada, despite a slight decrease this year.The avg rent for a 1-bedroom unit in Vancouver is $2,633, ↓ 4% yearly from $2,743.

The annual income required to secure and carry a mortgage in Vancouver has climbed another $2,270 MoM. Required income: – Mid-Q1: $230,350 – Late-Q1: $232,620

City staff report aligns existing policies with Vancouver City Council priorities and the 2022-approved Vancouver Plan. Transit-oriented development legislation designates certain areas for increased density and height near transit hubs.