Category: Uncategorized
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Happy Canadian Thanksgiving
The perfect opportunity to embrace your inner "foodie" and unbutton your pants at the dinner table!In Canada, post-Thanksgiving is all about creative cranberry sauce solutions. Cranberry sauce pancakes, anyone?It's that time when multiple ovens are a blessing. Turkey, pies, casseroles – less stress!
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Vancouver City Council to consider reducing single-family detached house sizes by 14%
The City of Vancouver is considering a policy to enable up to 6 strata ownership units or 8 secured purpose-built rental units on a single-family lot through expanded multiplex construction. This policy would decrease the size of the total floor area of a new single-family detached house on such lots, from the current limitation of…
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Vancouver real estate: Average income required to buy inches up
The minimum annual income needed to buy a home in Vancouver has increased to $246,100, according to Ratehub.ca. Despite a small decrease in the average home price, the rise in mortgage rates has caused affordability to worsen. Vancouver has the highest average home price in Canada at $1,208,400, and the median income for an individual…
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Vancouver Island Condo Fees: Navigating High Costs
Vancouver Island condos face high maintenance fees, ranging from $350 to $800 monthly. .
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Vancouver council approves ‘Missing Middle’ motion allowing up to 8 homes per lot
The Vancouver City Council passed a motion to allow for multiplex and character homes to be built on single lots with a maximum of 8 homes. This includes a reduction in the size of single-detached homes but increases the size of laneway houses. The nine RS residential zones have been combined into a new R1-1…
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A Look on the General Market Trend in Vancouver and Toronto
There’s an upward momentum in detached house prices in Toronto, Vancouver and Fraser Valley.
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National Day for Truth and Reconciliation
National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…
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Vancouver Developers Get $500M in Federal Loans
Federal minister announces $500M loans for 1.1K rentals in Vancouver. Loan initiative supports rental housing construction catering to vulnerable and middle-class families.
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Vancouver’s Luxury Market: Mid-2023 Snapshot
Vancouver's luxury Real Estate market saw increased activity in H1. Ultra-luxury single family home market showed strong improvements in sales and consumer sentiment.
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Canada Housing Trends Market Update