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Vancouver home prices rose in July, continuing the upward trend. The avg home price in Vancouver ↑ 0.6% MoM, reaching just over $1.2M. Sales ↑ 28.9% yearly, reaching 2,455 homes sold. Despite the increase, sales remained below the 10-yr seasonal avg of 2,909. New listings in Vancouver ↑ yearly from 3,975 to 4,649 in July…

The Government of Canada has announced nearly $150 million in low-interest loans to build 364 purpose-built rental homes across three developments in Vancouver. This includes 110 rental units for faculty and staff at the University of British Columbia, 136 rental units for faculty and staff at Mundell House and 118 units for Vancouver residents at…

Vancouver home sales ↑ 30% yearly in July. Residential home sales in the region reached 2,455 units, ↑ 28.9% yearly.

Early-Q3 Home Sales Up in VancouverHowever, sales and prices in the GTA declined MoM, with sales ↓ 8.8% and the avg selling price ↓ 0.7%. In Vancouver, home sales ↑ ~30% MoM in July, reaching a total of 2.5K units.

The housing crisis in Metro Vancouver is worsening, with the average one-bedroom rent now more than $3,000 a month, and mortgage rates and house prices rising significantly. This has made owning a home an impossible dream for most. To mitigate this crisis, all levels of government must act with urgency to put reasonably priced homes…

Finding affordable housing in Vancouver has become challenging, with modest housing options proving to be expensive. Housing costs in Vancouver have surpassed the old rule of spending no more than 30% of one's disposable income on housing.

Canada's Federal Housing Minister Sean Fraser announced Wednesday that the federal government will provide nearly $500 million in low-cost loans to developers to build up to 1,100 rental units across nine sites in Vancouver. Fraser only shared the location of one of the sites, a six-storey building under construction on the University of B.C. campus,…

Metro Vancouver home sales ↑ 190.1% in H1 2023, with 2.9K homes sold in June, driven by heightened demand. The Fraser Valley area experienced the largest increase in Canada, ↑ 214.5% in home sales in June.

The federal government has announced a combined total of $500 million to help deliver 1,100 new purpose-built rental homes within Vancouver. This follows CMHC’s announcement in early August about providing $208 million in low-cost construction financing for three projects generating a total of 422 new rental homes. Eligible projects must also have an affordable housing…