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Home sales in the Vancouver area increased last month due to a rise in newly listed properties, giving buyers a larger selection. However, sales were still below the 10-year seasonal average. The total number of home sales in November was 1,702, a 4.7% increase from the previous year but 33% below the seasonal average. There…

The average asking price for rental units in Canada saw an 8.4% increase year-over-year, despite remaining flat in November. The cost of a one-bedroom unit rose by 13.6% and a two-bedroom by 10.5% annually. Rent growth slowed in Vancouver and Toronto, while Edmonton surpassed Calgary. Montreal and Ottawa also experienced rent increases. The average price…

Housing costs in Metro Vancouver are a significant burden, leading to dismal attitudes among both homeowners and renters.A survey reveals that 53% of people in Metro Vancouver spend more than half of their household income on housing costs. Concerns about missing mortgage or rent payments within the next 12-mo are high, with 48% expressing worries.

Vancouver City Council is considering reevaluating the "60-40" housing ratio in the Downtown Eastside Area Plan due to a lack of affordable housing supply. Only two projects have been built in the area over the past decade, and Councillor Rebecca Bligh believes that rising construction costs and interest rates may make the current ratio unworkable.…

The City of Vancouver introduced the Project Requirements Exploration Tool to expedite permitting times for laneway houses.The tool is part of the city's broader plan to accelerate permit approvals for housing projects and increase housing supply. Laneway houses are detached homes facing alleys, aiming to add rental units in low-density neighborhoods, with ~5K existing in…

The City of Vancouver has been approved for $115M from the Housing Accelerator Fund to fast-track the construction of over 3,200 new housing units. The funding will also support the construction of 40,000 homes over the next 10 years. The government aims to promote high-density development, streamline re-zoning laws, and expand affordable rental programs. The…

There's plenty to focus on, from the fact no treaty was ever signed with local First Nations for the rights to the land, to the massive land deal made with the CPR (6,000 acres) to make Vancouver the … Continue to full article

A recent report has identified the cheapest Canadian cities for renters. The report was considering factors like: Rent WiFi speeds Cafés Access to national parks Avg temperatures

Vancouver council approves 7.5% property tax hike for 2024 Continue to full article