Category: Uncategorized
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Metro Vancouver Buyers to Benefit From Rate Reduction
The BoC has cut its key interest rate significantly to stimulate the economy. This reduction marks the fourth consecutive cut, aligning with falling inflation rates of 1.6%.
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Vancouver on track to meet housing targets in B.C.
Vancouver's development pipeline is set to meet provincial housing targets despite challenges like interest rates and construction costs. The city reported 4,143 new housing units completed between October 2023 and September 2024, achieving 80% of the year-one target. Currently, about 58,100 units are in development, with projections to exceed the five-year target of 28,900 units.…
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Interest Rate Cuts Could Revive Vancouver Market
Vancouver’s housing market sales ↓ 5.7% yearly, totalling 2,783 units in September. Despite improved affordability, buyers remain cautious, awaiting further interest rate reductions and increased inventory.
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Check out my new listing Address: 170X 505 NELSON STREET
Bright and stylish 2-bedroom, 1-bathroom corner unit with L-shaped windows, open-concept kitchen, 9' ceilings, floor-to-ceiling windows, smart thermostats, and a private patio with city views. Building Amenities: Co-working lounge, fitness center, sports court, BBQ area, fireside lounge, entertainment/dining lounge, and kids' play area. Location: Minutes to Vancouver Golf Club, Blue Mountain Park, SFU, Safeway, IKEA,…
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Check out my new listing Address: 505 NELSON Unit #150, Coquitlam, British Columbia V3J0R5
Brand New 1-Bedroom Highrise Apartment with A/C near Lougheed Modern 1-bedroom, 1-bathroom unit with energy-efficient A/C and smart thermostats. Interiors feature 9’ ceilings, floor-to-ceiling windows, and high-performance glass for optimal light and views. Amenities include a business lounge, fitness center, guest suite, entertainment/dining lounge, outdoor social lounge, and children’s play area. Conveniently located near Vancouver…
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58,000 new homes now in the development pipeline or under review in City of Vancouver
Vancouver's net new home completions for the first year of the provincial Housing Targets Order fell short by 26%, totaling 4,143 units against a target of 5,202. This includes 3,745 rental homes, 1,457 ownership homes, and 104 supportive housing units. City staff anticipate a significant increase in completions over the next five years, projecting 33,700…
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Check out my new listing Address: 505 NELSON Unit #30, Coquitlam, British Columbia V0V0V0
Brand New 1-Bedroom with 192 soft Patio A/C Apartment Near Lougheed This modern 1-bed, 1-bath apartment offers energy-efficient A/C, smart thermostats, 9' ceilings, and floor-to-ceiling windows with high-performance glass for enhanced views and brightness. The building features a business lounge, gym, guest room, entertainment/dining lounge, outdoor social area, and children's play space. Located minutes from…
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Vancouver to Halve Multiplex Permitting Times by 2025!
Vancouver will cut multiplex permitting times by 50% through a streamlined process starting early 2025. This initiative aligns with the city's Permitting Improvement Program, speeding up approval of essential housing.
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Check out my new listing Address: 170XX 57 Surrey, British Columbia V3S8M9
The Property Includes: – In-suite Washer and Dryer – Kitchen Appliances – Fridge, Stove, Dishwasher, Oven, Microwave – Huge Front and Back Yard – 3 Car Garage Parking – Furnished and Partially Furnished Exceptional 6-bedroom residence on a quiet street. The main floor boasts an inviting open concept layout, seamlessly connecting the living, dining and…
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Vancouver real estate markets set to normalize in 2025
Vancouver's real estate market is expected to stabilize by 2026, with growing confidence among tenants and investors. The downtown office vacancy rate is projected to approach the historical norm of 7% as no significant new supply is anticipated for four years. While capital investment is returning, residential development land remains challenged, with activity down 75%…