Category: Uncategorized
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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.
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Metro Vancouver Breaks Records With Construction Boom
Metro Vancouver saw a record 33,000 homes built, up 28% from 2022, challenging housing shortage beliefs.Not all areas in Metro Vancouver saw equal construction; some municipalities had below-average starts.
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Vancouver’s Luxury Home Sales Cool, Condos Sizzle
Sales for multi-million dollar detached homes in Metro Vancouver have dropped by 50% in 2024. A report highlights a shift towards condo sales in Metro Vancouver.
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Rent Increases in Metro Vancouver Begin to Ease
With slowing population growth and rising rental completions, rent growth should moderate in Metro Vancouver. In Late–Q1, avg Canadian property rents ↑ 8.8%, showing slight moderation from Mid-Q1 ↑ 10.5%. Vancouver
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How Much Can Landlords Increase Rent in Metro Vancouver?
Frequency of Increase: Once every 12 months, not in the first year of tenancy. Notice Requirement: Three months' notice on approved form required before increase.
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Plans to deliver affordable homes in Vancouver’s False Creek North take major step forward
A land transfer agreement with Concord Pacific has been completed, allowing the City of Vancouver to develop over 670 affordable rental homes in False Creek North. The City will receive $110 million in cash contributions and $121 million in total financial contributions. Housing operators have been selected for each site, with a variety of housing…
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Just Sold this Listing Listing Address: 3401 1211 MELVILLE STREET