Category: Uncategorized

A group of 20 homeowners in Youbou, Canada, are engaging in a "holding appeal" against their property assessments in an effort to ensure fair property taxes. They are waiting for the decision on their appeals from last year and plan to use those valuations as a baseline for future appeals. The homeowners believe they are…

Vancouver approves multiplex zoning for "missing middle" housing. New zoning gains early builder interest for development projects.

Inflation is no longer an immediate threat, and bond markets anticipate over 1.00% interest rate cuts. REBGV expects ↓ 0.50% in the BoC policy rate, forecasting robust spring and summer markets with increased sales activity.

Foreign capital, especially from China, has significantly impacted Metro Vancouver's housing prices, making them on average 2.2 times higher than other large Canadian cities. A tax on foreign buying and reduced capital flight from China helped stabilize prices. Continue to full article

Metro Vancouver to see continued decline in sales through late 2023 and early 2024 due to higher borrowing costs. Over 20K potential buyers sidelined by interest rate hikes could return to the market in 2024 as rates fall.

CEBA loans and low consumer spending are potential challenges for the market. Retail real estate in Metro Vancouver remains strong, with low vacancy rates. The region's retail market finished 2023 in a strong position. New developments, including the Oakridge Centre redevelopment, are expected to add more space. Continue to full article

Vancouver's one-bedroom rent has fallen for the fourth consecutive month, dropping 1.1% to $2,700.Two-bedroom rents in Vancouver have also declined, decreasing by 2.8% to $3,890 during this period.

In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…

Asking rents for apartments in Vancouver ↓ 0.7% yearly to $3,059. 1-bed apartment rent: ↓ 5.8% MoM but ↑ 4% yearly to $2,700

Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…