Category: Uncategorized
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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…
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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.
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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…
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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…
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Spring Brings a Surge in Vancouver’s Seller Activity
Increased Listings: – Metro Vancouver’s homes listed for sale ↑ 23% yearly Sales Dip: – Residential sales in Early-Spring 2024 ↓ 4.7% yearly.
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Affordable Rentals Planned in Vancouver
Vancouver agrees to build 670 affordable rental homes in False Creek North. Housing types include studios, one, two, and three-bedroom units.
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Vancouver Rents Remain Among Canada’s Priciest
A new report reveals Vancouver boasts some of the highest rents in Canada despite a slight yearly decrease in one-bedroom prices.Average price for a one-bedroom, unfurnished apartment in Vancouver is $2,663, representing a 4% decrease yearly.
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City of Vancouver sees slow start in meeting provincial housing targets
City of Vancouver is falling short of the provincial government's housing supply targets, with only 1,607 units completed in the first six months, below the target of 5,202. The completion rate is expected to increase due to recent policy changes. The city has over 31,000 units in various stages of application, exceeding the five-year target…
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Bank of Canada cuts key rate for first time in more than 4 years
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Vancouver Apartment Rents See First Dip in Years
Vancouver has the most expensive rent for 1-bedroom units in Canada, despite a slight decrease this year.The avg rent for a 1-bedroom unit in Vancouver is $2,633, ↓ 4% yearly from $2,743.