Category: Uncategorized
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Building Permits Surge Amid Vancouver Buyers’ Market
B.C. building permits more than doubled, reaching $2.4 billion. Multi-family permits saw a 152% increase, while non-residential permits rose by 99%, especially in industrial and institutional sectors.
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City of Vancouver begins planning process for 17 new Village areas
Vancouver City Council has approved a plan to create 17 new "Villages" in low-density residential areas to boost housing supply with low-rise multi-family developments. Located within 400 metres of minor retail streets, these areas will feature buildings of three to six storeys, townhouses, and multiplexes. The planning will take 18 months, with a total of…
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Vancouver 2,600 Homes to Sell at 60% Market Value
A new Indigenous-led condominium project in Vancouver will prioritize first-time homebuyers. Up to 2,600 housing units will be sold at 60% of market value under 99-year leasehold agreements.
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As Vancouver Office Market Dips, Developers Turn Their Attention To Hotels
New office construction in Canada has dropped to 4.2 million sq. ft., the lowest since 2004, according to a CBRE report. In Metro Vancouver, only 29,368 sq. ft. of new office space is under construction, none pre-leased. Developers are increasingly pivoting to hotel projects, with several conversions from office to hotel use approved in Burnaby…
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Vancouver’s New Normal: Setting the Baseline for Land Prices
Vancouver's New Normal: Setting the Baseline for Land PricesCourt-ordered sales are offering land at discounts, reshaping Vancouver’s land price landscape.
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Opinion: It’s a housing crisis. Why are cities like Vancouver still banning apartments in most areas?
Vancouver's housing crisis is worsened by zoning laws that ban new apartment buildings on most residential land, allowing them only in limited areas. This exclusionary zoning raises housing costs, displaces tenants, and contributes to urban sprawl and higher infrastructure costs. Recent provincial legislation permits small multiplexes but doesn't address the apartment ban. To address the…
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Check out my listing Address: 60X 13858 108 AVENUE
Welcome to Radley, where modern living meets convenience! This stunning studio offers everything you need for a stylish lifestyle. The Property Includes: – Hot water – In-suite energy-efficient washer & dryer – Kitchen appliances: fridge, stove, dishwasher, oven, microwave – Large balcony with unobstructed views – Access to all building amenities Not Included: – Hydro…
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Dramatic Turnaround Predicted for Metro Vancouver Housing Market
Millennial Demand Rising: Nearly 75% of millennials and Gen Z prioritize homeownership, driving future market growth.Surge in Sales Expected: Increased buyer activity is anticipated to reduce excess inventory, especially in multi-family markets.
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Downward Pressure Looms Over Vancouver Home Prices
The Bank of Canada’s rate cuts have yet to significantly lift housing markets from their slump. Inventories have increased with more sellers entering the market, giving buyers more decision-making time.
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Mid-Q3 Vancouver Sales Down, Inventory Up
Despite two rate cuts, August sales ↓ 17.1% yearly in Greater Vancouver. Home prices held steady in August, with a benchmark of ~$1.2M, ↓ 0.9% monthly.