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Over 1,000 Airbnb listings in Vancouver display expired licences
By Chen Zhou and Rohana Rezel British Columbia’s much anticipated short-term rental regulations are coming into force on May 1. Short-term rental operators will be required to display valid local government business licence numbers, where business licences are required, as is the case in Vancouver. But with just over a week to go before the […]
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Metro Vancouver detached prices plummet in November
Metro Vancouver detached prices took a nose dive in November 2022, as the cooling effects of rising interest rates continued to chill the region’s once hot housing market on ice. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 16.78% year-over-year, the […]
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Metro Vancouver detached prices edge down in October
Metro Vancouver detached prices declined in October 2022, as rising interest rates continued to slow down the regions once red hot housing market. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 3.03% year-over-year, the October final update shows. This represents a […]
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Metro Vancouver detached prices fall in September
Metro Vancouver detached prices declined in September 2022, as market activity continued decline in the face of rising interest rates. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 4.73% year-over-year, the September month-end update shows. This represents an increase of 1.53% […]
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Vancouver Elects: Promises to protect tenants and stabilize rents
By Rohana Rezel Voters will cast their ballots on Oct 15 at the municipal election in Vancouver, where renters make up the majority of households. We looked at each party’s housing platform to see what they plan to do to protect tenants and stabilize rents. Vote Socialist is the clear winner in this category. Some […]
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Metro Vancouver detached prices continue to slump in August
Metro Vancouver detached prices took another tumble in August 2022, as rising rates continued to cool the region’s once hot housing market. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 6.32% year-over-year, the August month-end update shows. This represents a decrease […]
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Metro Vancouver detached prices edge down in July
Metro Vancouver detached prices declined in July 2022, as the region’s once hot housing market continued to cool down amid rising interest rates. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 3.37% year-over-year, the July month-end update shows. This represents a […]
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Metro Vancouver townhouse prices continue to retreat from record highs
Metro Vancouver townhouse prices continued to retreat from record highs for the third month in a row, an analysis of housing market data for June 2022 shows. The OpenHousing Home Price Index for townhouse properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 2.62% year-over-year, the June month-end update […]
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Metro Vancouver detached prices inch up but sales fall in June
Metro Vancouver detached prices inched up in June 2022 even sales activity fell dramatically from last year’s dizzying highs. The OpenHousing Home Price Index for detached properties – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – rose 2.09% year-over-year, the June month-end update shows. This represents an increase of 2.68% compared […]
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Metro Vancouver median detached home price down 11% from peak
The median sales price for Metro Vancouver detached homes is down 11% so far in June from the February 2022 peak. The median sales price for Metro Vancouver detached homes currently stands at $1,725,000. It peaked at $1,940,000 in February 2022. The median price for detached homes in Coquitlam has dropped 23.38% from $1,955,000 in […]
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