Category: Uncategorized

  • Metro Vancouver retail tenants ‘hard-pressed’ to find space

    Metro Vancouver retail tenants ‘hard-pressed’ to find space

    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 Experiences Fourth Consecutive Rent Decrease

    Vancouver Experiences Fourth Consecutive Rent Decrease

    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.

  • Happy Family Day

    Happy Family Day

    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…

  • Vancouver Renters Find Relief in Late-Q4

    Vancouver Renters Find Relief in Late-Q4

    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

  • Happy Valentine’s Day

    Happy Valentine’s Day

    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…

  • Vancouver ends 2023 with average home price up 5% at $1.17M

    Vancouver ends 2023 with average home price up 5% at $1.17M

    Vancouver ended 2023 with a 5% increase in average home prices, reaching $1.17 million. Despite high borrowing costs, December home sales rose compared to the previous year. However, sales remained below the 10-year seasonal average. The Real Estate Board of Greater Vancouver reported 1,345 homes changing hands in December, a 3.2% increase from the same…

  • Vancouver Real Estate Trends in 2024: Surging Supply & Prices

    Vancouver Real Estate Trends in 2024: Surging Supply & Prices

    Experts expect increased new supply in Vancouver's Real Estate market for 2024, though it may not directly lower home prices.New residential housing construction ↑ 37% in 2023, potentially ↑ supply in the Real Estate market.

  • Vancouver City Council approves 679 rental homes at Joyce-Collingwood SkyTrain | Urbanized

    Vancouver City Council approves 679 rental homes at Joyce-Collingwood SkyTrain | Urbanized

    A new secured purpose-built rental housing and childcare facility will be built at SkyTrain Joyce-Collingwood Station, replacing a 1993-built condo building. The new development will include 679 rental homes, with a mix of unit sizes, and a 4,600 sq ft childcare facility. The project will also feature retail/restaurant spaces and parking. The developer will provide…

  • Vancouver councillor opposes ‘huge’ budget hike for affordable rentals in Burnaby

    Vancouver councillor opposes ‘huge’ budget hike for affordable rentals in Burnaby

    Vancouver city councillor Peter Meiszner expressed discomfort over the significant budget increases for two Metro Vancouver rental projects in Burnaby, citing lack of information to support the increases. The projects' costs have doubled their original estimates due to design changes and construction cost escalations. Meiszner voted against the budget increase, but the projects passed the…

  • Cost of Metro Vancouver rental housing projects nearly doubles before construction begins

    Cost of Metro Vancouver rental housing projects nearly doubles before construction begins

    The cost of two affordable rental developments in Metro Vancouver, the Connection and Steller projects, has nearly doubled to $121 million and $94 million respectively, due to rising construction costs, increased parking area, and childcare facility expansion. The additional funding will be sourced from Metro Vancouver reserves, mortgages, construction finances, and grants. The City of…