Category: Uncategorized

Budgets for 2 affordable rental developments owned and operated by Metro Vancouver ↑ ~2X before construction began. Cost Increases: – Connection project: ↑ 89% to $121M – Steller project: ↑ 104% to $94M

In Vancouver, the housing market shows signs of recovery with increased interest in semi-detached homes. A recent sale on Dunbar Street, with 27 offers, highlights the area's desirability. The market's rebound is attributed to factors like potential interest rate cuts. The resilience and growth in the market offer hope for buyers and sellers in 2024.…

International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations…

The average Vancouver couple needs to earn $92,000 more annually to afford a mortgage on a typical home in the city. Affordability slightly improved last month, with a decrease in the income required to buy a home. However, the housing market is still in a crisis, with prices out of reach for many. Continue to…

A report by the Canadian Federation of Independent Business highlights municipal permit challenges in Canada's housing crisis.Survey compared permit costs and paperwork for a $20K bathroom conversion in 12 cities.

A group of 20 homeowners in Youbou, Canada, are engaging in a "holding appeal" against their property assessments in an effort to ensure fair property taxes. They are waiting for the decision on their appeals from last year and plan to use those valuations as a baseline for future appeals. The homeowners believe they are…

Vancouver approves multiplex zoning for "missing middle" housing. New zoning gains early builder interest for development projects.

Inflation is no longer an immediate threat, and bond markets anticipate over 1.00% interest rate cuts. REBGV expects ↓ 0.50% in the BoC policy rate, forecasting robust spring and summer markets with increased sales activity.

Foreign capital, especially from China, has significantly impacted Metro Vancouver's housing prices, making them on average 2.2 times higher than other large Canadian cities. A tax on foreign buying and reduced capital flight from China helped stabilize prices. Continue to full article