Dr Sam Mehrbod’s Blog
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Where to Look for Homes Under $1M in Vancouver?
Downtown Vancouver offers a benchmark price of $721K, with a minimal 1% price growth over 5-yr. Collingwood and Mount Pleasant both have benchmark prices under $900K, each ↑ 15% over the last 5-yr.
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Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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Check out my listing Address: 3509 TRIUMPH STREET
1 out of 3 units for sale.FRONT unit in a newly built Triplex. ready to occupy. No STRATA FEE, best location and open concept layout. quiet and convenient. This is one of the most stunning properties on the east side. Immense attention to details went into the functionality and design of this project. built by…
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Easy Money Era Ends for Metro Vancouver
Vancouver property taxes rose by 7.5% this year, with another 7% increase expected in 2025. Cities relied on rising Real Estate prices and development fees to freeze property taxes, but market conditions changed.
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Pod Power: Can Tiny Rooms Solve Vancouver’s Big Problem?
Creative Solution: Vancouver City Council is facilitating conversions of vacant office space into pod hotels. Demand for Hotels: Vancouver faces a shortage of 10K hotel rooms, driving up accommodation prices.
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Why Vancouver Housing Favours Buyers in Late-Q2
In June 2024, there were 2,395 home sales in Greater Vancouver, a decrease from previous years and months. New listings increased to 5,723, contributing to a total of 13,605 active listings.
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Check out my listing Address: 509 2968 SILVER SPRINGS BOULEVARD
FIRM DEAL! $0LD!
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Vancouver: Rate Cut Is Not Enough!
Vancouver's property manager notes the recent interest rate cut hasn't spurred renters into homeownership.Late-Q2 has been normal with no increased tenant departures or notices of home purchases.
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Vancouver Slips in Global Liveability Rankings
The liveability index shows Vancouver dropping from 5th to 8th place, attributing this decline to the housing shortage. Vancouver's overall livability score was 96.6 out of 100.
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Vancouver Sets Goal of 83,000 New Home Approvals by 2033
The City of Vancouver disagrees with the provincial government's method of tracking new housing supply. Vancouver prefers tracking approvals (when permits are granted) instead of completions (when homes are built).