Dr Sam Mehrbod’s Blog

The average rent for residential properties in Canada dropped slightly in November, marking a 0.2% decrease from the previous month's record high. Vancouver had the highest average rent for a one-bedroom unit, followed by Burnaby. In the Greater Toronto Area, Toronto had the third highest average rent for a one-bedroom unit. Rents have increased annually…

The Vancouver housing market experienced strong sales and an increase in new listings in November. Despite being lower than the seasonal average, sales rose by 4.7% compared to the previous year. The market saw a 9.8% increase in new listings, providing prospective buyers with a wide selection. The composite benchmark home price also increased by…

Vancouver remains the most expensive city for renters in Canada, with average prices for one-bedroom and two-bedroom units. However, rental prices in Vancouver and Burnaby have decreased slightly due to a surge in rental listings and new legislation. Despite the temporary drop, experts believe that rental costs will continue to rise in the long term.…

Spectacular Panoramic VIEWS, over 12,000 sqft property near Ballantree Park & Capilano Lake, in Glenmore, British Properties area. Well kept 2 storey home 3 bedrooms & 3 bathrooms home offering amazing ocean, mountain & city and bridge views. Features over 2,500 sqft, of living space, with large Picture windows in the living room, 3 F/P's,…

Vancouver city councillor Christine Boyle plans to introduce a motion to add more housing, shops, and services in the wealthy Shaughnessy neighborhood. Despite current zoning allowing for more density, Boyle believes the current approach isn't working and wants to explore options for more rental and family-sized housing. However, some residents argue that the motion is…

Rental prices in Vancouver dropped in October but are still up compared to last year. The decrease is attributed to cooling weather and an increase in rental listings. However, experts believe this is a temporary shift and will not affect long-term affordability. Vancouver remains the most expensive city for renters in Canada. The average one-bedroom…

Rent prices in Metro Vancouver have decreased for the second consecutive month, but they are still high. The average price for a one-bedroom, unfurnished rental unit in November was $2,362. Prices have not significantly increased compared to last year. West Vancouver has the highest rental prices, followed by the City of Vancouver and North Vancouver.…

A report from rates.ca has found that the gap between the average home price in Vancouver and what the average earner can afford is widening. The median after-tax household income in Vancouver is $86,988, which would allow for a $347,000 house with an insured mortgage of $329,650. However, the average home price in Vancouver is…

Home values in major Canadian cities have decreased, making them less affordable due to higher stress test requirements and increased interest rates. According to Ratehub's latest housing report, the average price of homes in Vancouver has dropped by $5,100 and the income required to qualify for a mortgage increased by $3,900; Toronto saw the largest…

House prices in major cities like Vancouver and Toronto have continued to rise despite nominal gains in household incomes and increasing interest rates. Reports from Ratesdotca.com show that Vancouver has the worst affordability differential among Canada’s big cities, with the median household income being only a third of what is needed to buy the average…