Photos: This B.C. lakeside resort is selling for less than the average house in Vancouver
HOME BUYERS – To get the best exclusive listings visit https://www.vreg.ca and go to “EXCLUSIVE DEALS”
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Sellers Knowing what your home is worth at the present market. Sign up for a Market Snapshot to see similar homes listed, recently sold, and expired in your neighborhood www.activeandsold.com Buyers Create your own Personal MLS Listings Search, the same system that is available to Realtors. Visit www.yourownmls.ca Where should you buy a property? Before you begin…
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Asking rent in Vancouver and this BC city grow to stupefying levels
Vancouver maintains its spot atop the rental leaderboard as the city with the highest average asking rent for a one-bedroom in Canada, while another BC city continues to challenge Vancouver for the top spot. Rentals.ca has released its latest rental report, which looks at average asking rents nationwide. Vancouver and Burnaby took the top two spots in July. The average asking rent for a one-bedroom unit in both cities increased compared to June, with Vancouver’s rising by 1.3% to $2,761 and Burnaby’s rising by 0.9% to $2,566. “Asking rents for apartments in Vancouver continued to trend upwards for the third straight month,” Rentals.ca states. Year-over-year data from Rentals.ca paints a slightly better picture, as Vancouver saw an 8.4% drop in rent for a one-bedroom unit compared to last year. Victoria also snuck into the top 10: its one-bedroom unit price increased by 0.5% compared to June, reaching $2,189. To illustrate the disparity between Vancouver and other cities in Canada, a one-bedroom apartment essentially costs twice as much in Vancouver versus Edmonton, where the average asking rent for a one-bedroom unit was $1,389 in July. Montreal is also way more affordable than Vancouver, according to Rentals.ca. The average asking rent for a one-bedroom unit in Montreal hit $1,756 in July. The disparity grows when looking at two-bedroom apartments. In July, the cost to rent a two-bedroom unit in Vancouver reached $3,666, a 0.5% increase compared to June. Burnaby remained flat, with the average asking rent for a two-bedroom unit at $3,184. The cost of a two-bedroom unit in Victoria ($2,797) is nearly on par with the cost of a one-bedroom unit in Vancouver ($2,761). In Calgary, the average two-bedroom unit was $2,157 in July. Rentals.ca says that rents across the country saw the fastest month-over-month increase in 2024 to date. “Average asking rents grew by 0.8% from June, which represents a reversal of the previous month’s decline of 0.8%. As we approach the end of the summer season, this increase is a return to average market rents hovering just above $2,200,” the report states. Rentals.ca
Live downtown amidst mountains & water at new Central Lonsdale high-rise
Calling prospective homeowners! One20 is a gorgeous high-rise development coming to Central Lonsdale in North Vancouver. Whether you’re a first-time homebuyer, looking to upgrade your living space or want to invest for the future, you don’t want to miss out on this unique high-rise living opportunity in the heart of all the urban energy that Central Lonsdale has to offer. Building the future As North Vancouver’s newest concrete high-rise building, One20 offers a rare and exciting opportunity to own one of the 164 contemporary residences. Steps away from the hustle and bustle of the neighbourhood, the building itself is nestled on a quiet one-way street, which means you get the best of both worlds — vibrant city living surrounded by every essential, with the comfort of a tucked-away home. Access the best of North Van Central Lonsdale is the urban center of North Vancouver and home to some of Metro Vancouver’s most popular eats and world-class cultural attractions. We’re talking cozy cafes like Brazza Gelato & Coffee, grocery gems like Persia Foods, and trendy restaurants perfect for meeting up with friends like Chop & Chew. If you have a taste for adventure, then you’re in luck — Central Lonsdale is the closest downtown to the great outdoors, with easy access to Cypress, Seymour, and Grouse Mountains. Mountain biking trails, family-friendly skiing, and an impressive range of outdoor activities are just steps away from your home at One20. Curated amenities & design Not only are convenient neighbourhood perks just around the corner, but residents will also have exclusive access to amenities right inside the building! Experience a curated collection of amenities designed for residents to gather and connect. The social lounge is complete with a spacious kitchen, dining room, and games area for hosting friends and family, and the open-air terrace is a beautiful way to dine al fresco (date night, anyone?). During the day, boost your productivity at the co-working lounge, then d e-stress while achieving your wellness goals at the fully-equipped fitness centre and infrared saunas. The stunning junior one- to three-bedroom homes at One20 are designed for modern life, with an open-concept design that balances livability and comfort, all while overlooking the sparkling water of Vancouver Harbour, breathtaking mountains, and the bright and bustling downtown cityscape. The customizable kitchens keep the chef in mind, featuring premium quartzite stone countertops and backsplashes, custom cabinetry and European appliances. Sales begin this Fall. Start envisioning your future at One20 and register for updates to ensure you don’t miss out on this coveted homeownership opportunity. Branded Content This content was created by Hive Labs in partnership with a sponsor.
