Category: Uncategorized

The September 28 Colliers report found that the office vacancy rate in Metro Vancouver had climbed to 11.9% in the 3rd quarter of 2023, the highest rate in nearly 20 years. Despite these obstacles, asking rents remain high due to redevelopment and concessions beyond rent. The health-care sector was the leader for office demand in…

Seasonally adjusted home sales in Vancouver ↓ 10.5% MoM in August. Sales are expected to decelerate further in the months ahead due to rising rates and affordability concerns. New listings ↓ 1.6% in August, the first contraction in 5-mo.

Vancouver city hall has proposed policy amendments to incentivize developers to build more rental homes, both market-rate and below-market. Despite the 2017 pilot program for below-market rentals being initially successful, construction of the 70 approved projects have not yet taken place due to increasing construction costs and interest rates. The proposed policy changes include increasing…

Housing starts in Metro Vancouver increased by 50% in the first seven months of 2023 compared to the same period in 2022.

The Vancouver City Council voted to approve a "missing middle" motion which will allow multiple housing units on the majority of single-detached lots in the city. The motion, which will be accepted in December, will simplify residential zoning by consolidating nine different residential zoning types into a single zoning type. It will also allow up…

Despite ↓ yearly, Toronto and Vancouver detached home prices remain elevated.

Vancouver's housing market is known for high prices and low affordability, exacerbated by wealthy foreign buyers and speculative investments. .

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!

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…

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…