Category: Uncategorized
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Vancouver’s Small Condos: Investor Takeover
Vancouver’s condo market is heavily influenced by investors, who own 34% of all condos. Over 58% of condos under 600 sq. ft. in Vancouver are owned by investors.
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Real estate analysts say Vancouver trends point toward increasingly active 2025
Greater Vancouver home sales increased by 31.2% year-over-year in December, totaling 1,765 transactions, though still 14.9% below the 10-year seasonal average. Newly listed properties rose by 26.3% to 1,676. The composite benchmark price was $1,171,500, up 0.5% from the previous year. Overall, 2024 saw a 1.2% rise in home sales, but total transactions remained 20.9%…
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Vancouver Approves 3.9% Tax Hike for 2025
Vancouver City Council approves ↑ 3.9% property tax hike for 2025 to balance a $2.3B budget. The ↑ 3.9% hike includes ↑ 1% allocated for addressing a $500M infrastructure deficit.
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Vancouver Tops North America in Quality of Life
Vancouver ranks 7th globally for quality of life, leading North American cities in 2024. The city’s quality of life is shaped by its temperate climate, outdoor recreation, and urban amenities.
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World’s Best Cities: Vancouver
Vancouver faces challenges with limited hotel and residential spaces, driving up rental prices. Many hotels converted to social housing during the pandemic, reducing the availability of accommodations for tourists.
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Vancouver’s Homebuying Surge Continues in Mid-Q4
Greater Vancouver sales: 2,166 homes ↑ 27.6% yearly Fraser Valley sales: 1,136 homes ↑ 27.5% yearly Listings & Active Inventory Greater Vancouver: 3,725 new listings ↑ Total active listings: 13,245 ↑ Fraser Valley: 2,637 new listings ↑ Total active listings: 8,125 ↑
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Vancouver’s Proposed 2025 Budget
A 5.5% increase aims to support operational costs and renew aging utility infrastructure critical for housing. Significant investment in utility services, including sewerage connections, supports the housing sector’s long-term sustainability.
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Check out my new listing Address: 812 E 51ST Vancouver, British Columbia V5X1E5
Indulge in luxury with this front unit in a newly built fourplex. No Strata Fees! Enjoy the best location on the East Side with an open concept layout. Escape to your private yard oasis, perfect for entertaining guests or simply unwinding in serenity. Crafted by a reputable West Side builder, this home offers 4 bedrooms,…
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Metro Vancouver Housing Trends: Detached vs. Condo Living
A new survey reveals over 40% of Metro Vancouver residents prefer single-family homes. Preferences for single-family homes vary by income and frequency of moving in recent years.
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Vancouver draft budget proposes 5.5% property tax increase
Vancouver's proposed 2025 operating budget is $2.4 billion, including a 5.5% property tax increase, raising taxes by approximately $77 for median strata units and $211 for median single-family homes. The Vancouver Police Department seeks an additional $22.8 million, potentially requiring budget cuts or further tax hikes. The budget also proposes an $8 million increase for…