Category: Uncategorized
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Vancouver Real Estate Sees Record Inventory Surge
Greater Vancouver Real Estate’s predicted Spring boom looks like a bust, with minimal price movements in May.Home prices in Greater Vancouver ↑ 0.5% MoM and ↑ 2.3% yearly to $1.2M.
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Vancouver Eco-Friendly Timber Towers to Soar Higher
Vancouver council approved changes to building rules, allowing mass-timber buildings up to 18 storeys.Mass-timber construction, using engineered timber components, replaces concrete and steel.
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Metro Vancouver Landlords May Hike Fees Instead of Rent
Metro Vancouver landlords can now clearly outline optional service costs separately from rent, making budgeting easier.Renters must be notified of changes, and if a service is withdrawn, the rent should decrease accordingly.
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Vancouver Developers: Building for Renters
Renting is on the rise in Vancouver due to affordability issues. Developers are creating rental communities to foster resident connections.
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Avoid Hidden Costs: Checks Before Signing Your Mortgage
Review the contract carefully to ensure you are getting the agreed-upon interest rate and understand any lender fees. Be aware of your prepayment privilege and any prepayment penalties associated with paying off your mortgage early.
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Home sales fall 19% in June
Greater Vancouver's real estate board reported a 19.1% drop in home sales in June compared to last year, with 2,418 sales recorded. The number of homes listed for sale in Metro Vancouver increased by 42% year-over-year to 14,182. Despite sellers being eager to list properties, buyers are hesitant, leading to improved selection and more balanced…
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Check out my listing Address: 32822 2ND AVENUE
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Vancouver Staff Oppose First Right to Buy by Law
Vancouver City staff advise against a bylaw giving the city first right to buy properties.Proposed "pre-emptive right bylaw" requires property owners to offer sales to the city first.
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$2,367 for Unfurnished 1-Bed in Vancouver
Metro Vancouver renters spending more income on rent. Avg income-to-rent ratio in Early-Q2 was ~61.5%.
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Vancouver unveils new plan to accelerate housing development
Vancouver aims to approve 83,000 homes in the next decade, a 15% increase from previous targets. The plan includes 74% rental housing, 15,500 below-market homes, and 40% family-oriented units. A Three-year Action Plan will implement over 50 actions, such as creating an Official Development Plan and increasing density around transit stations. Collaboration with various stakeholders…