Dr Sam Mehrbod’s Blog
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Feds give Vancouver developers nearly $500M in loans to build 1,100 rental homes
Canada's Federal Housing Minister Sean Fraser announced Wednesday that the federal government will provide nearly $500 million in low-cost loans to developers to build up to 1,100 rental units across nine sites in Vancouver. Fraser only shared the location of one of the sites, a six-storey building under construction on the University of B.C. campus,…
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Average asking rent for a 1-bedroom apartment in Vancouver tops $3,000
According to Rentals.ca, the average rent for a one-bedroom apartment in Vancouver is currently $3,000 per month, a 2.3% increase from last month and a 16.2% increase from last year. For a two-bedroom unit, the average asking price is $3,918 per month. Continue to full article
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New Listing: 2881 E GEORGIA STREET
ENTIRE TOP Floor & FRONT Unit in a newly built Triplex. Ready to Occupy! 3 BEDs UP, No Strata Fees, best location and open concept layout; quiet and convenience. This will be one of the most stunning properties on the East Side. Immense attention to detail went into the functionality and design of this project.…
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Vancouver home prices continue to rise
In July, the average home price in Vancouver rose 0.6% compared to June and sales surged by 28.9% to 2,455, according to the Real Estate Board of Greater Vancouver. New supply also increased with 4,649 new listings last month. The increase in sales was a result of many would-be buyers returning to the market after…
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Average rent for a one-bedroom apartment Vancouver tops $3,000 a month
Joe Pobia has been living in a bachelor suite in a Commercial Drive apartment for 10 years, but after receiving an eviction notice in April, he is now looking for a home in Vancouver, the most expensive place to rent in Canada. The average rent for a one-bedroom apartment in the city is $3,000 a…
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Vancouver home sales jump nearly 30% in July as tight market persists
In July 2023, Vancouver home sales jumped nearly 30% compared to the same month in 2022, with a total of 2,455 units sold. The MLS Home Price Index composite benchmark price for all residential properties also rose to $1,210,700, up 0.5 per cent over last year, and detached homes had a significant rise in sales…
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New Listing: 10 856 ORWELL STREET
Experience the ultimate in space and comfort with this 3-bedroom, 3-bathroom townhouse at Continuum by Brody Developments. This exclusive enclave of 23 boutique townhomes boasts attached private gated garages, captivating rooftop patios, modern A/C, efficient HRV, and instant hot water. Nestled on a serene cul-de-sac, moments from Lynnmour Elementary, parks, trails, and shopping, Continuum embodies…
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Dan Fumano: Vancouver aims to discourage single-detached houses by shrinking them
Vancouver City Hall is attempting to reduce the maximum size of single-detached houses and discourage their construction, which is opposed by some developers. This move is part of a larger effort to shift away from replacing old houses with new single-detached homes. The Province newspaper offers exclusive articles by top sports columnists, Canucks Report, Sports…
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Vancouver potentially eliminating single-family residential zoning rules
The City of Vancouver is considering a new zoning policy that would allow up to six homes on each plot of land, rather than just one. This change would allow for more space to build larger laneway houses, duplexes, fourplexes, and sixplexes, making neighbourhoods more affordable by introducing different housing options. If approved, the new…
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New Listing: 412 20325 85 AVENUE
This is an exclusive and scarce opportunity to own a 3-bedroom and 2-bathroom corner unit in the sought-after Yorkson Park Development. Situated in Langley's Willoughby Heights area, this meticulously designed A2 Plan residence by Quadra Homes boasts high desirability. It offers luxurious features such as air conditioning, a state-of-the-art kitchen with a 5-burner cooktop, two…