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"You know, it is not surprising."
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The renovated two-bedroom condo is going for $868,000.
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More than 10,500 new condo units are slated to hit the Greater Vancouver housing market this year, according to MLA Canada's 2017 Market Intel report -- opening up plenty of more-affordable housing options for prospective homebuyers who have been priced out of the single-detached segment.
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City planners and developers need to realize that building a good mixture of home types for people of different incomes and ages, with amenities for people at all stages of their life, is what make a stable, healthy, vibrant city, and one where people want to, and are able to, stay and thrive.
For new developments being proposed in both Vancouver and Calgary, information is typically put forward by the developer and the city to communities. But now, we're seeing community groups releasing their own information to residents. The motive is to try to increase opposition to the project.
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The city saw the second-highest ever November for home sales.
The belief that people are trapped in their first home due to lack of available options in Vancouver just isn't true. The benchmark prices for condos and townhomes here are now rising at the same rate, after years of plateau. Fears of not being able to move up to a larger condo or townhouse are unfounded.
For decades, new development in this city has been isolated to busy main streets and transit corridors and while these are logical areas for growth, it hasn't created a large enough land supply to meet the demand for housing while also driving the price of land to astronomical levels.
From Vancouver's trendy Yaletown neighbourhood to Victoria's Inner Harbour
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No storage space of your own? No problem!
In all of my meetings and blog posts, I always emphasize creating a budget and sticking to it, even if it means waiting a little longer before you buy, or buying something smaller.
The dropping Canadian dollar, along with Vancouver's natural beauty, is bringing impromptu foreign buyers back to the Coal Harbour area, says one realtor. "It happened a long time ago and now it seems...
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Many first-time buyers crack the Vancouver housing market with financial help from relatives, but at least one condo project is seeing even closer family ties. Shaadi Faris, vice-president of Intergul...
Buying a property does have some added costs that aren't associated with rentals. Before you get serious about buying, make sure you've considered and budgeted for the following.
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With recent data showing that house prices are still rising in the Vancouver area, you'd be forgiven for thinking that buying a home in the world's third best place to live is impossible. Vancouver s...
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In China, crooks don't have to go to the casino because intermediaries called "junkets" will swap Yuan for gambling chips that can be cashed into Hong Kong or Macao currency at the casino then wired by Hong Kong banks to tax havens or accomplices offshore. The goal is to buy a condo or luxury goods with funds from a trust managed by a shell company in Grand Cayman, owned by another trust in Guernsey with an account in Luxembourg managed by a Swiss banker who doesn't know who the owner is.
World Housing, a Vancouver group that partners with developers to fund new homes in third-world countries, has named its first project. $2,900 from every condo sale in Vancouver House, a project devel...
Some neighbours of Vancouver Whitecaps captain Jay DeMerit are complaining to police and media about loud parties in his Gastown condo. Farzad Salehi and his wife, Shelley, who live in a building besi...
It's a well-known fact that real estate prices don't match our incomes out here on the West Coast. But if you eliminate the single-family home pipe dream and consider the growing popularity and relevance of condo living, it's not such a long shot to find a home the Vancouver millennial can afford.
The key issue is whether the heart of Vancouver's Downtown Eastside should remain a low-income precinct with a high concentration of shelters, social housing, and community services -- essentially "walled off" from the rest of the city -- or should it become a more normalized community with a broader range of households and housing choices, including condominiums, restaurants and shops catering to the entire city population?
Coming up with a down payment for a condo in Vancouver is a huge issue. But what if you could trade your car in for a down payment on a condo? With the rising popularity of car-free living and car co-ops, trading in a depreciating asset for a down payment on a condo may be one way into Vancouver's crazy housing market.
Fancy a bit of towering luxury in your life? Look no further: swank Vancouver development, The Private Residences at Hotel Georgia have just released a new batch of top notch condos for sale. For upwa...
New data underscores what many Vancouverites have speculated: real estate investors are major players in the city's booming market. In downtown Vancouver – excluding the city’s West End neighbourhood...
VANCOUVER - Former prime minister Kim Campbell is suing a Vancouver property developer over delays in delivering her luxury condo.The one-time Conservative leader and Canadian ambassador has filed a l...
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I don't understand Vancouver condo owners. I just don't. Now, this is a broad, sweeping generalization but most of them, from what I can tell, are completely contrary creatures. Potentially even, dare I say, a little bit nutsy. They have strange habits that leave me in danger of having a permanent mark on my forehead from repeatedly slapping myself from hearing about their latest actions and escapades.
Vancouver housing advocates worry city hall's push to revitalize historic Chinatown could work against its homelessness strategy. City council approved a 17-storey tower for the southwest corner of M...
A high-rise town on Vancouver's West Georgia Street is being rebranded as the city's first Trump Tower, CBC News has learned. Developer Holborn Group is relaunching its Arthur Erickson inspired twist...
Vancouver is the second least affordable city in the world when it comes to housing, according to a U.S. think-tank. Demographia ranked the B.C. city second only to Hong Kong on housing affordability...
Another year has nearly squeaked by without a fatal pop to Vancouver's hotly debated real estate bubble. What better way to cap off 2012 — a year of rising home prices— than with a slideshow to showca...
With all this chatter about Vancouver's ballooning housing bubble, tiny condos are picking up big attention. Richmond developer Tien Sher hopes to ride the trend by building smaller, denser, multi-use...
TORONTO - A new condo report suggests first-time buyers, retirees and population growth will continue to fuel demand and price growth for the compact living spaces over the next few years.The study by...