Greater Vancouver Real Estate News

Two of the biggest stressors for DIYers are home renovation projects that cost too much or take too long. Unfortunately, there’s no sure way to guarantee that one or the other (or both) won’t happen. But there is a lot you can do to minimize the probability.

The 2019 Greater Vancouver real estate market was certainly a year of highs and lows. But as with any market, it was fabulous for some clients who took advantage of the buyer's market to purchase some great deals, but not so great for others whose home value decreased.

BC home owners have received their new BC Assessment notices in the mail and have mixed reactions. Many Greater Vancouver owners are concerned about the drop in their assessed values.

For years we've been watching and wondering what the City of Vancouver would do with their False Creek South leasehold properties, as the existing leases approach the 2036 expiry date.

PRESALE - Mode in the River District in East Vancouver BC is a great investment opportunity and the newest project by Wesgroup. This new development will have 1, 2 and 3 bedroom homes (condos and townhouses) loaded with high-end finishings, and many will have nice scenic views.

Squamish First Nation has approved the $3 billion Senakw housing development project at the south end of the Burrard Bridge (view location) in Kitsilano Vancouver, BC. They propose to build 6,000 homes in 11 towers with the tallest being 56 stories. It will have the highest tower in the typically low rise community of Kitsilano and forever change the skyline of Vancouver. Global News reported that construction is expected to begin in 2021.

Vancouver Property Tax Increase

The City of Vancouver plans to increase property taxes by approximately 9 percent. Council says increased revenue will be used for “an overall plan for the city and a big push to reduce climate-change effects”. Council is expected to add 25 police officers and 30 firefighters to keep up with population growth and the overdose crisis, along with an increase in public transit services.