… a protest rally against rezoning in the Metrotown area causing demovictions. … The zero-vacancy rate in the rental market has pushed many people into … If the 12,000 empty condos in Vancouver were rented to locals, I am sure … Source: Metrotown condos {$excerpt:n} LETTERS: 'Protest rally' was a plea for help from Burnaby city […]
Category Archives: Real Estate News
Reduced demand is allowing housing supply to accumulate
Home buyer demand continues to decline across the Metro Vancouver* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April […]
Burnaby residents plan rally at city hall as rental apartment demolition rate accelerates
Burnaby's plan to allow rapid redevelopment in the Metrotown area over the past few years means many older three- and four-storey apartment … Source: Metrotown condos {$excerpt:n} Burnaby residents plan rally at city hall as rental apartment demolition rate accelerates
Housing activists decry Burnaby modular homes as a 'drop in the bucket'
That plan saw a mass rezoning of the area around Metrotown, which is currently home to hundreds of units of aging but affordable rental suites, … Source: Metrotown condos {$excerpt:n} Housing activists decry Burnaby modular homes as a 'drop in the bucket'
These Vancouver neighbourhoods have the highest proportion of people who can't afford their …
And then there are those moving into Metrotown's brand new condos, who, like some Coal Harbour residents, are choosing to spend more of their … Source: Metrotown condos {$excerpt:n} These Vancouver neighbourhoods have the highest proportion of people who can't afford their …
Will new rules save Metrotown rentals?
“If Burnaby accepts that it is important to get a large supply of rental in Metrotown, then they can require that rentals get built. They can stop having to … Source: Metrotown condos {$excerpt:n} Will new rules save Metrotown rentals?
Home sales down, listings up across Metro Vancouver
The Metro Vancouver* housing market saw fewer home buyers and more home sellers in April. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase […]
Three Metrotown towers head to public hearing
Proposals for three highrise residential buildings in Metrotown have been sent to a public hearing in May. The three development proposals, which include a 39-, 33- and 31-storey tower, will build 856 new units and replace 211 units of low-cost, older rental units from apartments built in the '60s. Council … Source: Metrotown condos {$excerpt:n} Three […]
The Future Teardown Of Metrotown Might Happen Faster Than You Think
“The new plan will designate three thousand apartment units in Metrotown for rezoning by raising their legally allowable building heights from three to twelve (or more) stories. This Plan will demovict and displace more than 6,000 renters and further diminish the lower mainland's shrinking rental stock by … Source: Metrotown condos {$excerpt:n} The Future Teardown Of […]
Rental task force not enough: Burnaby housing activist
B.C. Premier John Horgan announced this week the provincial government will be launching a task force to improve tenancy laws, but for renters in Metrotown, increased protections for tenants may not be enough. The Rental Housing Task Force, to be headed up by Vancouver-West End MLA Spencer … Source: Metrotown condos {$excerpt:n} Rental task force not […]
REALTOR® honoured for work with at-risk youth
The Real Estate Board of Greater Vancouver (REBGV) honoured REALTOR® John Patricelli with the 2017 REALTORS Care® Award for his dedication to helping at-risk youth. The REALTORS Care® Award is presented annually to Realtors in Metro Vancouver who demonstrate a sustained commitment to charitable, fundraising, or volunteer activities that strengthen communities and support people most […]
West Vancouver REALTOR® awarded profession’s highest honour
The Real Estate Board of Greater Vancouver (REBGV) honoured REALTOR® and real estate broker Calvin Lindberg with the Professional Excellence Award on April 6. The award is REBGV’s highest honour. Lindberg is the Managing Broker at Angell Hasman Realty in West Vancouver. Source: REBGV {$excerpt:n} West Vancouver REALTOR® awarded profession’s highest honour
Fewer home sales and listings in the first quarter of 2018
Home buyers and sellers were less active in Metro Vancouver* throughout the first quarter of 2018. Source: REBGV {$excerpt:n} Fewer home sales and listings in the first quarter of 2018
Real estate board instates Phil Moore as 2018/2019 president
The Real Estate Board of Greater Vancouver (REBGV) would like to introduce REALTOR® Phil Moore as its 2018/2019 president. Source: REBGV {$excerpt:n} Real estate board instates Phil Moore as 2018/2019 president
Commercial real estate sales down, values up in 2017
Commercial real estate sales activity in the Lower Mainland declined from the record highs of one year ago and remained above the region’s long-term historical sales average in 2017. Source: REBGV {$excerpt:n} Commercial real estate sales down, values up in 2017
Home buyers were less active in February
Metro Vancouver* home sales dipped below the long-term historical average in February. Source: REBGV {$excerpt:n} Home buyers were less active in February
Affordable housing advocates oppose razing Burnaby rentals for condo development
Plans for the proposed 32-storey tower at Maywood Park include 298 condos and an expanded park in the Metrotown area. The neighbourhood is one of a nine "regional city centres" the city has slated for transit-centred densification as part of an official community plan that council approved last … Source: Metrotown condos {$excerpt:n} Affordable housing advocates […]
'City has let us down'
Housing activists and residents unloaded a heaping helping of vitriol on Burnaby city council at a public hearing for a Metrotown highrise proposal Tuesday night. The hearing was to deal with a rezoning application by Intracorp to build a 32-storey condominium tower between McKay and Silver avenues … Source: Metrotown condos {$excerpt:n} 'City has let us […]
Tempted to sell your Metrotown condo? Don't be too hasty
Condo owners in Metrotown shouldn't rush to sell despite high property assessments and a recent mass rezoning of the neighbourhood. That's the advice of Tony Gioventu, the executive director of the Condominium Home Owners Association of B.C., who said a number of association members from … Source: Metrotown condos {$excerpt:n} Tempted to sell your Metrotown condo? […]
BC officials clarify plans for rental-only zoning law
But mayors and planners say the rental-only zones – which were promised in Tuesday's throne speech – won't take away current developers' rights to build condos where that possibility already exists, such as those in Burnaby's Metrotown or Vancouver's Cambie corridor who have already had their … Source: Metrotown condos {$excerpt:n} BC officials clarify plans for […]