Category: Uncategorized
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Happy Lunar New Year
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…
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Vancouver’s Early-Winter Leasing Overview
The median rent for a 1-bed in Vancouver was $2,730 in December. It was ↓ 1.8% MoM, but ↑ 10.5% yearly.
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Asking rent in Vancouver dropped “considerably” last month and year | Urbanized
Rent prices in Vancouver dropped sharply in December compared to November, and overall, 2023 saw a decrease in prices compared to 2022. Vancouver remains the most expensive city for renters, but prices have decreased significantly in the past six months. Another BC city is also competing for the title of Canada's most expensive place for…
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2024: The Year of Skyrocketing House Prices in Metro Vancouver
Metro Vancouver's home prices will see ↑ 3% to $1,281,732 this year. Detached properties will ↑ 2.5% to $1,778,785.
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Income Required to Buy a House Surged in Vancouver
In Vancouver, the minimum family income to buy an avg home surged ~$25K in 8-mo, reaching $247K. Factors include ↑ 3.5% in home prices and Bank of Canada interest rate hikes. Buyers now face stress test rates at 8.5%, making homeownership harder for many residents.
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Vancouver City Council adopts short-term rental rules for 24-month pilot period
The Vancouver City Council on Monday unanimously voted to adopt regulations for short-term rentals for a 24-month pilot period. City code didn’t previously permit short-term rentals — defined by the … Continue to full article
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Vancouver housing: Monthly rental costs in January 2024
Metro Vancouver's average rental prices have increased for the first time in months. The cost of renting a one-bedroom apartment has risen by $26 from December 2023 to January 2024. West Vancouver is now the most expensive city to rent in Canada, surpassing Vancouver. Unfurnished one-bedroom units are $121 cheaper on average than furnished ones.…
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Metro Vancouver Housing Prices to Increase as Sales to Drop in 2024
Re/Max predicts ↑ 2% in avg residential prices and ↓ 3% in sales in Metro Vancouver for 2024. Affordability challenges persist due to high interest rates, with the BoC significantly impacting the Real Estate market.
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Metro Vancouver Seeks $450M Boost
Metro Vancouver seeks $450M from federal government for housing and infrastructure projects.The request includes equitable cost-sharing for the Iona Island Wastewater Treatment Plant, estimated at $8.6B.The MVRD urges federal support for the Climate 2050 Strategy and Clean Air Plan initiatives.
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What Makes Vancouver Perfect for Your Life?
Vancouver features stunning landscapes, like Stanley Park, beaches, mountains, with a mild, yr-round climate. Vancouver flourishes as a multicultural hub, promoting inclusivity via diverse heritage festivals and events.