Category: Uncategorized
-
Vancouver Leads in Rent, Despite Recent Declines
Vancouver remains Canada's most expensive city, despite rent declines in December 2024. Average rent for a one-bedroom in Vancouver was $2,512, ↓ 7% yearly.
-
What Signals Rising Housing Affordability in Vancouver?
Housing affordability in Vancouver shows slight improvement, yet extreme affordability challenges persist. RBC forecasts a 2% policy rate by mid-2025, potentially reducing ownership costs further.
-
Vancouver Draft Budget Proposes 3.9% Property Tax Increase
The property tax increase, now 3.9% instead of 5.5%, eases financial pressure on homeowners and renters. Adjusted funding allocations prioritize maintaining housing affordability while balancing essential city services and community needs
-
Vancouver’s Tallest Towers Promise 1,136 Rental Units
Vancouver proposes a high-rise rezoning project near Burrard Street Bridge, promising significant urban transformation. The site spans 1.8 acres, valued at $65.6 million, currently occupied by aging low-rise buildings.
-
41,500 New Homes in Vancouver’s Broadway Plan
The Broadway Plan aims to add 41,500 new homes and 45K new jobs over 30 years. Updates align with new provincial Transit Oriented Areas (TOA) legislation, boosting economic growth and housing.
-
Vancouver Forecasts ~34K Homes by 2028
Vancouver aims to complete ~34K units by 2028, surpassing the 28,900-unit provincial target. The city’s development pipeline includes 58K units, with ~19K approved and ~14K under construction.
-
Explainer: City of Vancouver announces progress on meeting B.C.’s housing targets
The City of Vancouver is on track to meet the B.C. government's housing targets, aiming for 28,900 new units by 2028. In the first year, 4,143 units were completed, achieving 80% of the target. Currently, 58,100 units are in development, with projections to exceed the provincial goal by 4,800 units. The city emphasizes the need…
-
Vancouver Tops North America in Quality of Life
Vancouver ranks 7th globally for quality of life, leading North American cities in 2024. The city’s quality of life is shaped by its temperate climate, outdoor recreation, and urban amenities.
-
Vancouver Approves 3.9% Tax Hike for 2025
Vancouver City Council approves ↑ 3.9% property tax hike for 2025 to balance a $2.3B budget. The ↑ 3.9% hike includes ↑ 1% allocated for addressing a $500M infrastructure deficit.
-
Vancouver rents dip for second year, report finds
Average rents in Vancouver decreased in December, with a one-bedroom apartment costing $2,512, down 7% from last year, and a two-bedroom unit averaging $3,430, a 6.3% drop. Overall, the average rent across all property types was $2,882, a 6% decline year-over-year. The national average rent was $2,109, marking a 17-month low. Increased supply and weakened…