Category: Uncategorized

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…

Commuting preferences influence housing choices and pricing trends in Metro Vancouver. Factors like traffic volume and commute time affect the "psychological return on investment" for homebuyers. COVID-19 led to a shift to suburban and rural areas, causing rising home prices in cities like Langley and Abbotsford.

Joe Pobia has been living in a bachelor suite in a Commercial Drive apartment for 10 years, but after receiving an eviction notice in April, he is now looking for a home in Vancouver, the most expensive place to rent in Canada. The average rent for a one-bedroom apartment in the city is $3,000 a…

Happy Labour Day! Labour Day is a chance to honor and appreciate the hard work and contributions of workers in various industries. It's a chance to look back at workers' rights achievements and labor rights progress over time. Sending warm wishes on Labour Day to honor the dedication and contributions of workers everywhere. May your…