Category: Uncategorized
-
Easy Money Era Ends for Metro Vancouver
Vancouver property taxes rose by 7.5% this year, with another 7% increase expected in 2025. Cities relied on rising Real Estate prices and development fees to freeze property taxes, but market conditions changed.
-
Check out my listing Address: 32834 2 AVENUE
Explore the potential of this multifamily zoned lot, ready for development. Combine with 32822 2nd Ave to create up to 12 townhouses. Current Home Features: Charming Log Home Rancher with a cozy sunroom. Secluded end-of-street location for privacy. Spacious front porch and long driveway. 2-bedroom (formerly 3), 1-bathroom layout. Modern kitchen and bathroom updates. Inviting…
-
Check out my listing Address: 32822 2 AVENUE
Prime Development Opportunity in Downtown Mission! Unlock the potential of this multifamily zoned lot, perfect for development. Combine with 32834 2nd Ave to create up to 12 townhouses. The lot is already subdivided with 2 PID numbers. The existing home features 2 bedrooms, 2 bathrooms, and a finished walk-out basement. Enjoy updates that preserve its…
-
Balanced Greater Vancouver Market After Rate Cuts
There's a significant uptick in the number of properties listed, suggesting a well-supplied market.Indications of a cooling market as inventory rises without a corresponding increase in buyer activity.
-
Early-Q3 Sees Vancouver Home Prices Down 0.8%
Greater Vancouver home sales fell 5% from a year ago in July. 2,333 homes were sold in Vancouver during July.
-
Slow Approvals Stifling Vancouver’s Housing Growth
City of Vancouver has reduced processing times for laneway homes by ↓ 60% and duplexes by ↓ 25%. However, multi-family housing permits still face significant delays, with mid-rise projects taking up to 19 months.
-
Indigenous-led housing project to bring 1,600 new affordable rental homes to BC
More than 1,600 new affordable rental homes will be developed in British Columbia for Indigenous people, addressing the urgent need for housing. This initiative, part of the Building BC: Indigenous Housing Fund, includes 667 on-reserve and 995 off-reserve homes. The project aims to provide culturally supportive housing and foster community resilience. The province has allocated…
-
Why Metro Vancouver Is Heading to a Buyer’s Territory
Metro Vancouver's Real Estate market has seen rising inventory and a jump in sales, suggesting a shift towards a buyer's market. The market is segment-specific: condo inventories are rising, while well-priced detached homes and duplexes still receive multiple offers
-
Metro Vancouver Sees 20% Surge in New Listings
New listings ↑ 20% yearly, boosting inventory levels. Sales totalled 2,333, ↓ 5% yearly and ↓ 18% below the 10-yr avg.
-
Vancouver Remains Attractive to Investors
Vancouver's cap rates are among the lowest in Canada, indicating lower risk and potential high returns.Cap rates expected to remain stable for Q3 2024.