Dr Sam Mehrbod’s Blog
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Vancouver falling short of B.C.-mandated housing targets
Housing Minister Ravi Kahlon notes Vancouver falling short of housing targets but expects an increase in completed homes. Factors like COVID, construction costs, and labour shortages have impacted completions. The city aims to surpass the mandated target by 2028. Challenges include affordability and HILS rates. Kahlon emphasizes the need for more investment and transit-oriented development.…
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BC Housing Targets: North Vancouver on the Nice List
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.
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BC Regions Home Sales Set to Rise 7% by 2025
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.
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How to Find a Buyer’s Agent
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.
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Plans to deliver affordable homes in Vancouver’s False Creek North take major step forward
A land transfer agreement with Concord Pacific has been completed, allowing the City of Vancouver to develop over 670 affordable rental homes in False Creek North. The City will receive $110 million in cash contributions and $121 million in total financial contributions. Housing operators have been selected for each site, with a variety of housing…
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Vancouver Needs a Different Type of Housing
Vancouver needs more non-profit housing to address housing unaffordability. Non-profit housing is rent-geared-to-income and provides security of tenure.
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Vancouver Apartment Rents See First Dip in Years
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.
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Vancouver Homebuyers: $2K Income Boost Is Needed!
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
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Vancouver Adapts: Housing Reforms Reshaping Cityscape
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.
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