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How parties plan to tackle housing crisis

By Rohana Rezel Here’s an analysis of how each party plans tackle the housing affordability crisis affecting millions of people in Canada’s big cities. Highlights The Good Both the NDP and the Greens plan to massively build out public housing Both the NDP and the Greens intend to support co-ops and co-housing Both the Liberals […]

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Metro Vancouver condo prices fall 18% from peak

Metro Vancouver condo prices have dropped by 18% from the March 2018 peak with some units selling 32% below assessment. The Open House House Price Index for condos – calculated using the generally-accepted and transparent repeat sales or Case-Shiller method – fell 8% year-over-year as in July. Looking at home sales reported in the last […]

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Metro Vancouver detached homes prices down 13% in July

Metro Vancouver detached home prices have dropped by 13% year-over-year, according to the latest sales numbers reported in the region. The Open House House Price Index is calculated using the generally-accepted and transparent repeat sales or Case-Shiller method. Looking at home sales reported in the last 30 days, 40 out 46 single family homes sold […]

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North Vancouver’s commercial Airbnb operators

City of Vancouver is not the only municipality in the Lower Mainland with a serious Airbnb infestation. Contrary to Airbnb’s narrative that the platform is only used by empty nesters renting out short term a “spare bedroom” to “make ends” meet, short term rental business in North Vancouver is also dominated by commercial operators. Here […]

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Vancouver home sellers in denial as the market edges lower

An analysis of asking prices for the 860 currently active detached home listings for Vancouver show that the vast majority of home sellers are in denial about the real estate market cool down. In March 2019, three out of four homes sold below current assessment, with the median sale price for a used detached house […]

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Foreign buyers’ impact denying developer’s condo project goes on sale in Hong Kong

A condo project by a developer who has long denied the impact of foreign buyers on Metro Vancouver’s housing market has gone on sale in Hong Kong. Pre-sales buyers in Hong Kong will get deep discounts and rental guarantees for Domus Homes’s Ovation project in New Westminster at an exclusive two-day sales event this weekend. […]

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