Category: Uncategorized

A report reveals that renters in Metro Vancouver are spending an average of 61.65% of their income on rent, well above the recommended 30%. One-bedroom unfurnished rentals increased slightly, while furnished rentals saw a significant rise. Rental prices vary across the region, with West Vancouver being the most expensive. The market is challenging for renters,…

Proposal at Vancouver city council aims to expand co-op housing for affordability. Co-op housing in Vancouver offers potential relief from high rental prices; residents buy shares without equity but influence policies.

AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.

Vancouver needs to update zoning in the heritage neighbourhood of First Shaughnessy to comply with new provincial legislation. The changes may allow for denser, multi-unit housing projects in the area. The city council will make decisions on these changes in the coming months. Continue to full article

In Vancouver, a solo buyer would need to save for 12.2-mo to afford the minimum down payment of $50,190. Condos are the most affordable property type, ideal for single-income buyers.

Vancouver City Council approved a motion to partner with non-profits to utilize City-owned land for building more co-op housing. Co-op housing allows residents to own the building cooperatively, leading to lower housing charges. The focus is on renewing existing co-ops and creating new ones, with a particular emphasis on the False Creek South area. The…

Increase for high earners: After June 25, 2024, capital gains tax increases for profits exceeding $250,000.The $250,000 threshold applies to individuals, including gains through partnerships or trusts.

The City of Vancouver has identified a path forward to comply with new housing development legislation from the Government of British Columbia. City staff support most measures but need to reprioritize and delay some work due to the workload. They are also seeking clarification on various aspects of the legislation, including density bonusing and inclusionary…

Provincial housing legislation impacts Vancouver's municipal planning and development. Vancouver engages proactively with Bills 44, 46, 47, and 43, setting ambitious housing targets and methods.