Category: Uncategorized
-
Vancouver unveils new plan to accelerate housing development
Vancouver aims to approve 83,000 homes in the next decade, a 15% increase from previous targets. The plan includes 74% rental housing, 15,500 below-market homes, and 40% family-oriented units. A Three-year Action Plan will implement over 50 actions, such as creating an Official Development Plan and increasing density around transit stations. Collaboration with various stakeholders…
-
Buying in Vancouver Got Slightly Easier: Required Income Down
A recent report indicates a slight ↓ MoM in the income needed to purchase an avg home in Vancouver. Vancouver's avg home now demands $232K annually.
-
City of Vancouver sets goal of 83,000 new home approvals by 2033
Vancouver city staff are advocating for tracking housing supply progress through approvals rather than completions, citing increased flexibility in response to market shifts. To meet the provincial government's goal of 28,900 new homes in five years, more new homes need approval. Staff suggest 14% of units should be three-bedroom to align with housing policies. The…
-
Vancouver Squeeze: Can the City Keep Up?
Vancouver needs to build 2,500 new homes each year for the next 10-yr to meet housing demand. At least 1K of these new units should be affordable housing for low-income residents.
-
STR Rules Drive Mid-Q2 Vancouver Rent Prices Dip!
Rent for 1-bed unfurnished apartments ↓ 0.3% to $2,367/mo, while furnished ones ↓ 8.1% to $2,523. Langley offers the cheapest rental housing for 1-bed homes at $1,983.
-
Vancouver: Mixed-Use Developments on the Rise
A new zoning code in Vancouver allows for more office uses in industrial areas. This creates mixed-use buildings with office space stacked above industrial uses.
-
Vancouver only major Canadian city with average rents decreasing
Vancouver remains Canada's priciest rental city, but it stands out with decreasing rent prices. While one- and two-bedroom rents rose 5% nationally, Vancouver's one-bedroom rates dropped 1.9% to $2,650 yearly. Two-bedroom prices increased by 1.3% to $3,800. Meanwhile, cities like Edmonton and Winnipeg are experiencing significant rent hikes due to high immigration and low vacancy…
-
Vancouver Real Estate: Declining Interest
Vancouver's Real Estate market struggles as homebuyers show less interest. Condo developers face cancellations due to lack of early interest.
-
Happy Canada Day
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
-
FEDERAL GOVERNMENT SUPPORTING THE CONSTRUCTION OF 404 NEW APARTMENTS ACROSS VANCOUVER
The federal government announced $204.8 million for 404 rental homes in Vancouver through the Apartment Construction Loan Program. This initiative aims to build over 131,000 new apartments across Canada. The program provides low-interest loans to encourage the construction of rental homes for middle-class Canadians. Budget 2024 allocated an additional $15 billion for building new rental…