Category: Uncategorized
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Vancouver Apartment Rents See First Dip in Years
Vancouver has the most expensive rent for 1-bedroom units in Canada, despite a slight decrease this year.The avg rent for a 1-bedroom unit in Vancouver is $2,633, ↓ 4% yearly from $2,743.
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BC Housing Targets: North Vancouver on the Nice List
North Vancouver City was included in a list of 20 municipalities designated for provincial housing targets. Historically, this list has targeted slow-approvers of new housing density.
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New Home Buyer? Expert Tips!
Schedule walk-throughs at key construction phases to ensure correct installation. Avoid escalation clauses to lock in agreed-upon home prices.
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Report shows City of Vancouver’s struggle to meet annual housing goals
Vancouver is falling short of its goal to create 2,500 housing units per year, with only 1,500 units built in 2023. The city aims to construct 2,500 units annually for the next decade, with 1,000 of them being affordable housing. Rising housing costs have contributed to a growing homeless population in the city. Continue to…
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Vancouver won’t hit low-rent housing targets without help: Report
Vancouver has only built 11 of the 1,500 below-market units requested by the province due to lack of funding. Additional investments are needed from the provincial and federal governments to meet housing targets. The city's grant programs and B.C. Housing funds are insufficient. Other municipalities are also falling short on housing targets set by the…
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Mixed-use developments diversify as demands increase
Developers are focusing on creating mixed-use buildings to accommodate a variety of office users in urban environments. New industrial zoning in Vancouver allows for a mix of office and industrial spaces, promoting vibrant urban communities. Projects like Marine Landing and Capital Iron lands are examples of this trend, combining industrial, office, and residential spaces to…
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Vancouver Homebuyers: $2K Income Boost Is Needed!
The annual income required to secure and carry a mortgage in Vancouver has climbed another $2,270 MoM. Required income: – Mid-Q1: $230,350 – Late-Q1: $232,620
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Affordable rental development underway in Vancouver’s Little Mountain neighbourhood
An affordable rental housing development in Vancouver's Little Mountain neighborhood is finally underway after 15 years. The 48-unit building will offer various housing options, a childcare facility, and a community plaza. The project aims to create an inclusive neighborhood with housing for all income levels. Continue to full article
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More Listings, Still a Seller’s Market in Metro Vancouver
Sales Increase: – Home sales in Metro Vancouver were 2,415 in Late-Q1 2024, ↑ 17% MoM and ↑ ~5% yearly. Below Avg: – Despite increases, sales are still ↓ 31% below the 10-yr seasonal avg.