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1744 Vancouver real estate articles · all BC
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Buyers stay on the sidelines amid shifting rates,
Western Investor · 16 Oct 2024 · Brian Yu
Housing market activity in the Lower Mainland sputtered again in September, even as affordability conditions started to improve for homebuyers. Despite lower mortgage rates, many prospective homebuyers are opting to stay patient, confident of further rate redu…
As Vancouver’s skyline continues to evolve, the issue of building shadowing has become a significant consideration in urban planning.
other · 16 Oct 2024 · Karm Sumal
While discussions often focus on aesthetics, urban design objectives, and public health, there's a growing tension between urban planning principles, mantras, and even ideologies — specifically building shadowing restrictions and the city's urgent need t…
The proposed rental buildings are allowed under the Broadway plan
The Vancouver Sun · 14 Oct 2024 · David Carrigg
The Broadway Plan was approved in 2022 and applies to the area between Clark Drive and Vine Street from east to west, and from First Avenue to 16th Avenue from north to south. Its goal is to increase the population of the area by permitting much larger buildin…
A proposed 21-storey rental housing tower at 1150 Barclay Street, Vancouver
other · 10 Oct 2024 · Kenneth Chan
Due to poor market conditions, another condominium tower project in downtown Vancouver has pivoted into secured purpose-built rental housing, with significantly added density and height. Local developer PC Urban has submitted a new rezoning application to rede…
B.C. can take four bold steps to tackle unaffordable housing head-on
Western Investor · 09 Oct 2024 · Gordon Cambell
Canada's housing problem is at a point of no return. Housing deficits grow each year by hundreds of thousands of units. Our ability to meet the needs of our citizens is eroding, as is our ability to fulfill the promises of a better life we once were able to pr…
Commercial transactions in the Lower Mainland spiked ahead of the June 25 deadline
other · 04 Oct 2024
There were 553 commercial real estate sales in the Lower Mainland in Q2 2024, a 66.6 per cent increase from the 332 sales in Q2 2023, according to data from Commercial Edge, a commercial real estate system operated by Greater Vancouver Realtors (GVR). The tota…
Strand Development has new ambitious plans to redevelop a trapezoid-shaped lot near the Southeast False Creek area
other · 04 Oct 2024 · Kenneth Chan
Previously, the local developer had proposed redevelopment concepts with employment-only uses for the site at 302-360 West 2nd Avenue, which is situated at the southwest corner of the unique intersection of West 2nd Avenue, West 3rd Avenue, and Alberta Street.…
The project is set for 3200 E Broadway, 3270 E Broadway, and 2625 Rupert Street
other · 26 Sep 2024 · Howard Chai
On Wednesday, the City of Vancouver revealed the two concept options that are being explored for the large-scale redevelopment next to Rupert Station, ahead of a formal rezoning application submission by the developers. The project is being led by the xʷmə&the…
Low Tide Properties seeks to build two 35-storey rental towers, 19-storey office building
Western Investor · 11 Sep 2024 · Mike Howell
A real estate company co-founded by the man who created Lululemon is behind a massive development proposal for the False Creek Flats area of Vancouver that features two 35-storey rental towers and a 19-storey office building. Low Tide Properties is working wit…
Vancouver's AI surge a boon for real estate, says CBRE report
Business in Vancouver · 04 Sep 2024 · Jami Makan
Although it fell in this year's rankings, Vancouver remains a popular destination for tech talent, including artificial intelligence (AI) specialists, which will continue to support real estate market fundamentals, according to a new report from commercial rea…
Tower development on 295 Terminal land to house 3 tower development
The Vancouver Sun · 29 Aug 2024 · John Mackie
A proposal has been submitted to build three towers next to a future SkyTrain station on the False Creek flats in East Vancouver. The development beside the Great Northern Way-Emily Carr station includes two 35-storey rental housing towers and a 20-storey offi…
Eli Report is an online tool powered by artificial intelligence
REM · 06 Aug 2024 · Anthony Marcusa
A Vancouver-based startup is changing the way realtors and buyers assess condominiums and townhomes, making the process more efficient and transparent. Eli Report is an online tool powered by artificial intelligence (AI) that scans and summarizes condominium a…
A three-block stretch of character homes is bracing for at least four giant towers
The Vancouver Sun · 29 Jul 2024 · Douglas Todd
It's a particularly charming residential street — and just one of those being profoundly shaken by Vancouver's Broadway Plan. This three-block stretch of character homes, which currently exemplifies the "missing middle" type of housing that politicians s…
West Vancouver brokerage among 12 entities fined by Fintrac in 2023/2024 for non-compliance of anti-money laundering and terrorist financing policies.
other · 26 Jul 2024 · Graeme Wood
The Financial Transactions and Reports Analysis Centre of Canada (Fintrac) has fined West Vancouver real estate firm Masters Realty (2000) Ltd., also operating as RE/MAX Masters Realty, $83,655 for five compliance violations of the Proceeds of Crime (Money Lau…
The provincial government's plan to tackle the housing crisis by allowing more multi-unit homes on properties
Western Investor · 25 Jul 2024 · Canadian Press
Almost all British Columbia communities have adopted the provincial government's plan to tackle the housing crisis by allowing more multi-unit homes on properties. The province says nearly 90 per cent of 188 local governments have followed the legislation that…
Many of Vancouver's most fancy condos are selling at discounts
The Vancouver Sun · 11 Jul 2024 · Douglas Todd
At the similarly over-the-top Hotel Georgia, 14 units are listed. The 48th-floor penthouse was once put on sale at $35.8 million, now it's going for $20.8 million . In the neo-futurist Vancouver House, where Hutchinson says even storage lockers have sold for $…
Vacancy rate hits 9.7%, second straight quarter of increase
Western Investor · 03 Jul 2024 · BIV Staff
Metro Vancouver office vacancies are continuing to tick upwards as developers consider shifting their priorities mid-construction to hotels or residential. The region's overall office vacancy rate rose to 9.7 per cent in the second quarter of 2024, according t…
Rogers will act as the ceremonial head of the university and preside over all major ceremonies and convocations
The Vancouver Sun · 02 Jul 2024 · David Carrigg
Rogers was Vancouver's city manager from 1999 to 2008 and most recently served on Vancouver Fraser Port Authority's board of directors, assuming the role of chair in August 2018. Rogers, a former UBC student, received the Order of Canada in 2017. As UBC's chan…
Vancouver council voted in favour of densifying the upscale neighbourhood of Shaughnessy
other · 20 Jun 2024 · Alyse Kotyk
The matter was discussed at another public hearing Tuesday, after council ran out of time to vote on the motion last week.(opens in a new tab) All eight councillors who were in attendance at the meeting voted in favour of the changes, which will amend the Firs…
Nicola Wealth Real Estate has submitted a proposal to the City of Vancouver for a twin rental tower project at 2111 Main Street
REW · 20 Jun 2024 · Joanna Gerber
The proposed development site is located between East 5th Avenue and East 6th Avenue on Main Street. Historically, the site housed the City Centre Motor Hotel, built in 1954. After Nicola Wealth Real Estate's acquisition of the property in 2021, it was tempora…
Vancouver council votes to densify upscale Shaughnessy neighbourhood
other · 20 Jun 2024 · Alyse Kotyk
The matter was discussed at another public hearing Tuesday, after council ran out of time to vote on the motion last week.(opens in a new tab) All eight councillors who were in attendance at the meeting voted in favour of the changes, which will amend the Firs…
City of North Vancouver Mayor Linda Buchanan says the plans will also include ‘job-generating, mixed-use' developments
Western Investor · 17 Jun 2024 · Jane Seyd
The provincial government will buy the iconic ICBC building on North Vancouver's waterfront and develop the property as transit-oriented housing. B.C. Premier David Eby made the announcement in North Vancouver Monday. Eby said the province will work with the C…
Onni plans to build its master-planned community half a block from North Road in Burquitlam
Western Investor · 05 Jun 2024 · Janis Cleugh
A developer plans to tear down Coquitlam College in Burquitlam and build seven towers in its place. But the Onni Group doesn't have plans at this time to include childcare for the expected 2,500 residents. Still, the lack of childcare spaces for the approximat…
Tight financing, sale conditions slow deal-making but interest is steady
Western Investor · 04 Jun 2024 · Peter Mitham
A precipitous decline in Metro Vancouver land sales last year could turn around this year, but developers are taking a long-term view with any purchases as market uncertainties continue. "Developers need to replenish some of their inventory; that's starting to…
Two rental towers proposed to be built on the site of the former one-storey Mountain Equipment Co-op store
Western Investor · 30 May 2024 · Mike Howell
If there is one rental housing project among the many that are poised to change the look of the Broadway corridor, the proposed development on the site of the former one-storey Mountain Equipment Co-op flagship store in Mount Pleasant is a good example of the …
Vancouver council open to increasing slots, table games at existing casinos
The Vancouver Sun · 10 May 2024 · Joanne Lee-Young
Vancouver city council voted this week to allow for applications to increase the number of slot machines and tables at the city's two casinos, on the condition they be accompanied by an assessment of their social and economic impacts. The request to amend the …
The two low-rise buildings, a high-rise tower planned for 2050-2070 Marine Drive in North Vancouver up for sale
other · 03 May 2024 · Howard Chai
One of the larger ongoing development projects on the North Shore is the subject of foreclosure proceedings as a result of a substantial amount of debt and has now been listed for sale, according to filings in the Supreme Court of British Columbia and a sales …
Vancouver considers more gambling at city's two casinos
The Vancouver Sun · 03 May 2024 · David Carrigg
The B.C. Lottery Corporation wants Vancouver to lift or amend its 13-year-old moratorium on the expansion of gambling in the city. According to the city's general manager of arts, culture and community services, Margaret Wittgens, there has been recent interes…
The proverbial 'Bank of Mom and Dad' is strongest in B.C. and appears to be buoyed by foreign-derived income
Western Investor · 01 May 2024 · Graeme Wood
British Columbia leads all Canadian provinces and territories in co-ownership arrangements for residential properties between parents and their young adult children, according to a new report from Statistics Canada. The report found 20.3 per cent of the B.C. r…
B.C. housing market showing signs of marginal improvement
Western Investor · 23 Apr 2024 · Bryan Yu
B.C.'s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in th…
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