2024 Will See Rents Lag in British Columbia
National rent growth for both purpose-built and condo apartments was 10.7% in 2023. BC experienced a 1.4% decrease in rents in 2023.
National rent growth for both purpose-built and condo apartments was 10.7% in 2023. BC experienced a 1.4% decrease in rents in 2023.
Metro Vancouver mayors raise concerns about BC NDP's plan to increase housing density, fearing conflicts with local plans.Bill 44's blanket approach, ending single-family zoning, may […]
Vancouver developer Anthem Properties has faced challenges in building its Citizen project in Burnaby. The estimated construction cost has increased by $100 million due to […]
Canadian home sales saw an unexpected increase in December 2023, but it was still the worst year since 2008. The market is not expected to […]
The B.C. homeowner grant, introduced in 1957, is criticized for being outdated and unfair. In 2024, the grant applies to properties valued at $2.15 million […]
BC Assessment updated property values, showing minor changes mostly between ↓ 5% to ↑ 5%. BC Assessment disclosed the top 500 highest-valued residential properties in […]
In 2023, British Columbia saw a record 30% increase in purpose-built rental homes, with 19,064 homes registered. The construction industry played a significant role in […]
BC electricity costs may increase by 2.3%, adding ~$2/mo to the avg residential bill starting in April 2024.Rent in BC could go up, with a […]
The cost of two affordable rental developments in Metro Vancouver, the Connection and Steller projects, has nearly doubled to $121 million and $94 million respectively, […]
Between 2016 and 2021, the share of renters in Metro Vancouver increased from 36% to 38%, while the share of owners decreased from 64% to […]
This will close in 0 seconds