Dr Sam Mehrbod’s Blog
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Check out my listing Address: 2 4215 W 13TH AVENUE
Move into this stunning brand-new 4-bedroom, 4-bathroom half-duplex in prestigious Point Grey. This back unit features engineered hardwood floors, 2 custom made kitchens with top-tier appliances, air conditioning, and a cutting-edge security system for your comfort and peace of mind. Enjoy balconies on each level, beautiful low maintenance backyard, fully finished basement and so much…
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STRs Crackdown Boosts Vancouver’s Rental Supply
Last year’s crackdown returned 10% of short-term rentals to long-term use or property sales. Two-bedroom rentals are 10% cheaper, with Vancouver rents hitting a 30-month low by December.
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What Signals Rising Housing Affordability in Vancouver?
Housing affordability in Vancouver shows slight improvement, yet extreme affordability challenges persist. RBC forecasts a 2% policy rate by mid-2025, potentially reducing ownership costs further.
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Vancouver unveils new plan for market rental housing on municipal land
The City of Vancouver is advancing a new strategy for market rental housing through the Rental Housing on City-owned Land – Public Benefits Pilot Rezoning Policy, proposing developments at Pacific and Hornby streets. The Vancouver Housing Development Office (VHDO) aims to deliver market rental housing while generating non-tax revenue. The initiative includes plans for 54-…
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Vancouver’s Rental Prices Fall: What’s Behind It?
Vancouver remains Canada's most expensive rental city, with an average rent of $2,896 per month. Vancouver's rental prices declined 5.2% annually, reflecting a broader softening in the market.
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Vancouver Leads in Rent, Despite Recent Declines
Vancouver remains Canada's most expensive city, despite rent declines in December 2024. Average rent for a one-bedroom in Vancouver was $2,512, ↓ 7% yearly.
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BoC Rate Decision & New Mortgage Rules
The Bank of Canada lowered interest rates to 3%, reducing borrowing costs for mortgages and loans. New mortgage rules allow 30-yr amortizations for new builds, lowering monthly payments for homebuyers.
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BC says 10% of former short-term rentals back to long-term housing thanks to Airbnb crackdown
The Government of BC reports that last year's crackdown on Airbnb and short-term rentals has resulted in many homes becoming available for long-term rental. Since new rules took effect in May 2024, 10% of short-term rentals have returned to the long-term market or been sold. This has contributed to a decrease in rental prices, with…
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Vancouver’s Tallest Towers Promise 1,136 Rental Units
Vancouver proposes a high-rise rezoning project near Burrard Street Bridge, promising significant urban transformation. The site spans 1.8 acres, valued at $65.6 million, currently occupied by aging low-rise buildings.
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Huge rent gap between cheapest, most expensive Vancouver neighbourhoods
A new rent report highlights significant disparities in rental costs across Metro Vancouver. It reveals that Vancouver hosts four of the five priciest cities in Canada, with Downtown Vancouver being the most expensive neighborhood at $2,782/month, while Sunset-Victoria Fraserview is the cheapest at $1,976. The average rent for an unfurnished one-bedroom has decreased slightly to…