Category: Uncategorized
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Did You Know This Vancouver Homeownership Method?
Co-ownership, a novel approach, transforms homeownership challenges with collaborative property investment.Splitting the cost of a detached home among 2 groups makes homeownership feasible for more people. CoHo BC organizes property tours, allowing potential co-owners to assess homes and compatibility with each other.
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Vancouver home sales rise amid ‘balanced’ market as newly-listed properties add to supply
The Canadian province of British Columbia is expanding its speculation and vacancy tax to thirteen more municipalities, including Kamloops and areas on Vancouver Island. The move aims to increase affordable housing options for residents. Meanwhile, home sales in the Greater Vancouver region have increased, with a higher number of newly listed properties providing more choices…
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New Listing: 1280 W PENDER STREET
This is a rare opportunity to Buy 1135 square feet of stratified retail with extremely wide frontage and high ceiling in the heart of Coal Harbour. This is the perfect location with Stanley Park, Robson Street Shopping Granville Restaurants.it could be sell individually or combine with 1260,1270 W Pender (id:26452)
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In Vancouver, Buyers Wait While Sellers Struggle
In the Vancouver Real Estate market, neither buyers nor sellers currently have a clear advantage, leading to frustration among both parties.Buyers may return to the market when interest rates drop, creating a rush for more affordable financing. The reluctance to make a move has been attributed to low inventory, with sellers choosing to hold.
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Vancouver still Canada’s priciest city for renters, despite modest decrease in average rents: report
The average asking price for rental units in Canada reached $2,178 last month, marking a 9.9% year-over-year increase. This continues a trend of rising rents for six consecutive months. Vancouver remains the most expensive city for renters, followed by Toronto. Rent inflation is driven by price increases in Alberta, Quebec, and Nova Scotia, due to…
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Vancouver’s Income Required to Buy a Home Keeps Increasing
Home prices in major Canadian cities, including Vancouver, have dropped. However, affordability ↓ due to higher stress test requirements. Vancouver's avg home price ↓ $5.1K to $1,203,300 in September.
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Vancouver city councillor tables plan to ‘unlock’ housing in DTES
Vancouver city councillor Rebecca Bligh has proposed a plan to increase below-market housing in the Downtown Eastside. The plan aims to prioritize rental and below-market rental development, as well as include a variety of commercial spaces. Some advocates are seeking an amendment to exclude condos from the area. Bligh acknowledges concerns and plans to clarify…
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Updated: Average Vancouver rental prices drops in October, but still up 6.7% over last year
Vancouver remains the most expensive city for renters in Canada, with average prices for one-bedroom and two-bedroom units. However, rental prices in Vancouver and Burnaby have decreased slightly due to a surge in rental listings and new legislation. Despite the temporary drop, experts believe that rental costs will continue to rise in the long term.…
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Vancouver’s Income-Price Mismatch
The report highlights the growing disparity between Vancouver's Real Estate prices and avg income.In Vancouver, the median after-tax household income is $86,988. The report reveals that with this income, a median-earning family can afford only a $347K house.
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Metro Vancouver Construction Fee Review
Federal Housing Minister, won't withhold subsidies to municipalities, despite increased construction fees.Concerns have been raised about the substantial hike in fees for market rental housing construction projects. Metro Vancouver faces funding challenges to support growth-related infrastructure, such as sewer and water treatment facilities.