Dr Sam Mehrbod’s Blog
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Vancouver Apartment Rents See First Dip in Years
Vancouver has the most expensive rent for 1-bedroom units in Canada, despite a slight decrease this year.The avg rent for a 1-bedroom unit in Vancouver is $2,633, ↓ 4% yearly from $2,743.
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Vancouver Homebuyers: $2K Income Boost Is Needed!
The annual income required to secure and carry a mortgage in Vancouver has climbed another $2,270 MoM. Required income: – Mid-Q1: $230,350 – Late-Q1: $232,620
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Vancouver Adapts: Housing Reforms Reshaping Cityscape
City staff report aligns existing policies with Vancouver City Council priorities and the 2022-approved Vancouver Plan. Transit-oriented development legislation designates certain areas for increased density and height near transit hubs.
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Check out my listing Listing Address: 3509 TRIUMPH STREET
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Check out my listing Listing Address: 812 E 51ST AVENUE
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Metro Vancouver Breaks Records With Construction Boom
Metro Vancouver saw a record 33,000 homes built, up 28% from 2022, challenging housing shortage beliefs.Not all areas in Metro Vancouver saw equal construction; some municipalities had below-average starts.
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B.C. moves to cap rent hikes for those in Vancouver’s Downtown Eastside
The B.C. government has introduced legislation to allow the City of Vancouver to limit rent increases for new tenants in the Downtown Eastside, its poorest neighbourhood. Continue to full article
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First Shaughnessy neighbourhood in Vancouver to see more density allowances
The 1921-built Tudor Revival style house on Cypress Street in Vancouver's First Shaughnessy neighborhood may see new densification allowances to comply with housing legislation. Changes are needed to align with provincial laws enabling small-scale multi-unit housing. The area has heritage protections, but new zoning may allow for higher densities. Continue to full article
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Home Seller Activity in Greater Vancouver Region Up
Home seller activity in Greater Vancouver ↑ 23% yearly in March 2024. However, the number of sales ↓ 5% yearly to 2.3K and < than the 10-yr avg.