Category: Uncategorized
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How Much It Costs to Live in Vancouver
Vancouver is ranked the priciest city in Canada, with high housing and living costs. A one-bedroom apartment averages $2,675, and a home costs around $1.2 million in Vancouver.
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Vancouver sees uptick in commercial rents
Commercial rents in Vancouver rose by 2.4% in Q3 2024 compared to the same period last year, with significant increases across all segments: office buildings (0.4%), retail (2.1%), and industrial (3.9%). In contrast, B.C. saw a 1.7% increase, while the national average was up 2%. The data indicates a steadying demand in the commercial real…
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Selling in 2025? 6 Must-Haves for Your Home
Updating your kitchen with quartz countertops and smart appliances significantly enhances resale value. Adopting a neutral color palette makes your home more appealing to potential buyers and feels modern.
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Vancouver Plans 17 New Multi-Family Villages
Vancouver will transform 17 low-density residential areas into Villages, featuring low-rise multi-family housing for increased supply. Each Village, within 400 meters of retail streets, will permit buildings of 3 to 6 storeys.
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New Fees Delay Housing Projects in Metro Vancouver
Over 73K homes remain unbuilt in Metro Vancouver due to rising development cost charges (DCCs). New charges introduced by recent legislation add 5-10% to total DCCs in some municipalities.
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Vancouver on track to meet provincial housing targets
The City of Vancouver's first Annual Progress Report shows that the development pipeline is on track to meet provincial housing targets. From October 2023 to September 2024, 4,143 new housing units were completed, achieving 80% of the year-one target. With 58,100 units in development, projections exceed the five-year target of 28,900 units. Vancouver leads in…
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Interest Rate Cuts Could Revive Vancouver Market
Vancouver’s housing market sales ↓ 5.7% yearly, totalling 2,783 units in September. Despite improved affordability, buyers remain cautious, awaiting further interest rate reductions and increased inventory.
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Vancouver real estate markets set to normalize in 2025
Vancouver's real estate market is expected to stabilize by 2026, with growing confidence among tenants and investors. The downtown office vacancy rate is projected to approach the historical norm of 7% as no significant new supply is anticipated for four years. While capital investment is returning, residential development land remains challenged, with activity down 75%…
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درک بازار املاک
نکات بازار املاک برای خریداران و فروشندگان شامل درک شرایط اقتصادی، نرخ بهره‌ها و روندهای جمعیتی است. برای خریداران: تعیین بودجه، تحقیق درباره مناطق، استفاده از یک نماینده املاک و انجام بازرسی‌های دقیق. برای فروشندگان: تعیین قیمت مناسب، افزایش جذابیت خیابانی، مرحله‌بندی خانه و بازاریابی موثر. وکلا میراثی برای رسیدگی به معاملات مرتبط با اموال…
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Vancouver to Halve Multiplex Permitting Times by 2025!
Vancouver will cut multiplex permitting times by 50% through a streamlined process starting early 2025. This initiative aligns with the city's Permitting Improvement Program, speeding up approval of essential housing.