Category: Uncategorized
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Vancouver’s Retail Real Estate Market Stays Strong
Vancouver’s retail Real Estate market remains stable in 2025, with urban vacancy at 3.4% and suburban at 0.7%. New retail developments are limited, as ↓ 14% in housing starts restricts commercial space availability.
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Happy St. Patrick’s Day
St Patrick's Day is the day we all turn a bit Irish. 13 million pints of Guinness are consumed worldwide on St. Patrick's Day. Green is now the traditional color of St. Patrick's Day.
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Check out my new listing Address: 414 221 E 3RD STREET
Step into luxury with this beautifully maintained, spacious 1-bedroom, 1-bathroom suite offering stunning North-facing views. Enjoy an open-concept layout with large windows that flood the space with natural light. The sleek, modern kitchen features stainless steel appliances, a center island, quartz countertops, and a built-in pantry, perfect for any home chef. The generously sized bedroom…
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Downtown Vancouver Office Buildings Change Hands
Downtown Vancouver office buildings are changing ownership despite a slow commercial Real Estate market.A seven-story office building on Melville Street sold for $24M, reflecting shifting property values.
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Vancouver 2025: Recession May Dampen 14% Sales Growth
Predictions show a 13.9% sales increase for 2025, driven by lower borrowing costs in early 2025. A recession with job losses could shrink the buyer pool, leading to a decline in 2025 sales.
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Vancouver launches new strategy for market rental housing on city land
The City of Vancouver is launching a new initiative to increase market rental housing by collaborating with developers on city-owned land. The city will retain ownership of the land and act as landlord, targeting middle-income families with annual incomes between $90,000 and $194,000. The pilot program will start with five sites, including a project at…
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Leasehold vs. Freehold in Metro Vancouver
A leasehold grants the right to occupy a property for a fixed period but not land ownership. A freehold provides full ownership of both the property and land with no time restrictions.
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Vancouver unveils new plan for market rental housing on municipal land
The City of Vancouver is advancing a new strategy for market rental housing through the Rental Housing on City-owned Land – Public Benefits Pilot Rezoning Policy, proposing developments at Pacific and Hornby streets. The Vancouver Housing Development Office (VHDO) aims to deliver market rental housing while generating non-tax revenue. The initiative includes plans for 54-…
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Tips for First-Time Home Buyers in Vancouver
Vancouver Market: – Expensive market, $1.5M+ homes – Bidding wars common – Pre-approval essential in tight market First-Time Buyer Assistance: – Withdraw $60K tax-free from RRSP – $1,500 rebate with Tax Credit – Save $40K via First Home Savings
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Vancouver Office Market: Rent Drops, Vacancies Rise
Vancouver office vacancy rate rose to 9.8% in Q4 2024, ↑ 1.2% yearly. Class B and C buildings saw 12.8% vacancy, while Class AAA buildings had 8% vacancy.