Dr Sam Mehrbod’s Blog
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Check out my listing Listing Address: 812 E 51ST AVENUE
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Metro Vancouver Breaks Records With Construction Boom
Metro Vancouver saw a record 33,000 homes built, up 28% from 2022, challenging housing shortage beliefs.Not all areas in Metro Vancouver saw equal construction; some municipalities had below-average starts.
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B.C. moves to cap rent hikes for those in Vancouver’s Downtown Eastside
The B.C. government has introduced legislation to allow the City of Vancouver to limit rent increases for new tenants in the Downtown Eastside, its poorest neighbourhood. Continue to full article
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First Shaughnessy neighbourhood in Vancouver to see more density allowances
The 1921-built Tudor Revival style house on Cypress Street in Vancouver's First Shaughnessy neighborhood may see new densification allowances to comply with housing legislation. Changes are needed to align with provincial laws enabling small-scale multi-unit housing. The area has heritage protections, but new zoning may allow for higher densities. Continue to full article
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Home Seller Activity in Greater Vancouver Region Up
Home seller activity in Greater Vancouver ↑ 23% yearly in March 2024. However, the number of sales ↓ 5% yearly to 2.3K and < than the 10-yr avg.
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Policy to give Vancouver the first right to buy properties not recommended
A proposal for the City of Vancouver to have the first right to buy properties for affordable housing is not recommended by staff. The existing acquisition process is effective, and the main barrier is funding, not the process itself. Implementing such a bylaw would be costly and legally complex, with unclear benefits compared to the…
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Check out this open house Listing Address: 3011 PARKER STREET
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Impact of the New Home-Flipping Tax in Vancouver
The new home-flipping tax in Vancouver aims to discourage quick flips and make housing more accessible by reducing competition from investors.Real Estate experts see the tax as a positive step for the market, potentially leading to more balanced market conditions. The tax exempts situations like job relocation and certain family situations, acknowledging that not all…
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New Listing: 3011 PARKER STREET
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Insider Tips for Home Buyers
Budget for closing costs, typically 1.5% to 2% of purchase price. Submit a deposit, usually 2% to 5% of the home's purchase price.