Dr Sam Mehrbod’s Blog
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Vancouver Forecasts ~34K Homes by 2028
Vancouver aims to complete ~34K units by 2028, surpassing the 28,900-unit provincial target. The city’s development pipeline includes 58K units, with ~19K approved and ~14K under construction.
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2025 Brings Optimism to Vancouver’s Luxury Housing
Vancouver’s luxury housing market enters 2025 with cautious optimism amid lingering buyers’ market conditions.Softening prices, oversupply, and falling interest rates create favourable investment opportunities in luxury condos.
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Vancouver Condo Market: Buyer’s Window Closing
Vancouver's condo market currently favours buyers, but rising demand could shift conditions by 2026. Limited pre-sale activity and slow construction will lead to a severe condo supply shortage by 2026.
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Check out my new listing Address: 4215 W 13TH Unit #2, Vancouver, British Columbia V6R2T7
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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Check out this open house 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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Metro Vancouver Rent Decline Reaches 11.6%!
In November, the average asking rent for a one-bedroom in Vancouver reached $2,534, down from $2,700. Vancouver saw the largest rent drop among Canadian cities, with 11.6% decrease for one-bedroom units.
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BoC Cuts Rate to 3%
The Bank of Canada reduced the key interest rate by 25 basis points, bringing it to 3%. Economic uncertainty played a significant role in the rate cut. The next interest rate decision is scheduled for March 12, 2025.
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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.