Real Estate Market Report for March 2025 Home sales registered on the MLS® in Metro Vancouver for March were the lowest since 2019 for the same month, while active listings continued their upward trend. Sales The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,091 in March 2025, a 13.4 percent…
In real estate investing, complexity is often the enemy of action. That’s where the 8/16 Rule comes in—an easy-to-use framework that separates profitable rental properties from cash flow disasters. Whether you’re an investor crunching numbers or a renter debating your next move, this rule can save time and money. What is the 8/16 Rule? The 8/16 Rule compares a…
GECC (Global Education Communities) has submitted a rezoning application for a site they own at the corner of Cambie & 48th in Vancouver. The site was previously rezoned for a 10-storey, 78-unit market rental project, but was then sold in 2024 to GECC by Casey Weeks and Morgan Iannone of Colliers. Under the new TOA rezoning policy, a new proposal “GEC Langara” has been brought forward to allow for the development of a 26-storey rental building and includes: 182 rental units (20% below market); 1,100 SF of retail space; a total density of 10.24 FSR; and A building height of 261 ft. The application is being considered under the Transit-Oriented Areas Rezoning Policy and Cambie Corridor Plan. The application requests consideration of density and height in excess of the existing policies. The 2024 sale at $17,500,000 equates to $111 per buildable SF. The architect for the project is Urban Solutions Architecture. The full rezoning can be viewed here: https://rezoning.vancouver.ca/applications/6428-6438-cambie-st-and-480-488-w-48-ave/application-booklet.pdf
Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase from the 26,249…
Exciting New Mortgage Rules Effective December 15th Exciting changes to mortgage rules are here! Here’s what you need to know: Key Updates 1. 30-Year Amortizations 2. Higher Price Cap 3. Newly Built Homes Focus • Homes must be owner-occupied and not previously used for residential purposes. What This Means for You
Developer reimagines Capilano Mall with 3,100 homes, 40 storey towers, and new park There will be 11 towers in total and the range of tower heights will vary between 12 and 40 storeys. A massive new redevelopment is planned on North Shore as Capilano Mall is reimagined with more than 3,000 housing units in eleven…
Home buyer demand continues to strengthen in November Home sales registered in the MLS® in the Metro Vancouver1 market rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October. Sales The Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 2,181 in November 2024, a…
What You Should Know Before you start looking for a home, it’s important to understand the current real estate market in Vancouver. This gives you an idea of how much a home would cost and how much you would need to save up for. Based on current home prices in Vancouver as of October 2024, the average…
Proposed Anti-Flipping Tax On April 7th, 2022, the federal budget plan proposed a new anti-flipping tax. The tax is imposed on people who own real estate for less than a year. You may lose your Principal Residence Exemption if you buy a primary residence and move for non-exempt reasons. Additionally, if you sell an investment…