On a livability to price ratio, Calgary is the clear winner.
All tagged Vancouver Home Prices
On a livability to price ratio, Calgary is the clear winner.
As a result of Coronavirus, short-term rentals will have lower occupancy and nightly rates will drop. Many Airbnbs may not be able to sustain a year without a high season.
Canadians should prepare for the possibility of a virus-induced home price correction.
Canadian condos have shown tremendous price growth since 2016 but it is uncertain how much price growth potential remains in condos. Some major Canadian banks have forecast the real estate market in Vancouver and Toronto will hit a tipping point by the end of 2019. As the impact of interest rate increases, government regulation, and taxes work their way through the market toward the middle of 2018 the accuracy of these forecasts will be revealed.
Find out which condo markets in Metro Vancouver have had the biggest price gains in the past 5 years.
The consensus seems to be that 2018 will see more price gains than 2017, and that detached house prices will stay relatively flat while condo prices rise continue to climb.
At the end of November, Vancouver city council voted to adopt a new 10 year housing strategy. Honestly, what took so long? Vancouver real estate has been too expensive since 2010, and started being referred to in the media as a crisis in 2015.