Greater Vancouver Real Estate News

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Latest Stories

22nd Apr 2025

Costs Soar for Furnished Rentals in Metro Vancouver

Liv.rent's April report highlights a rising rental cost gap in Metro Vancouver, with furnished one-bedroom rentals averaging $2,491, $213 more than unfurnished units. Coquitlam emerged as Canada's fifth most expensive rental city, joining West Vancouver, North Vancouver, Vancouver, and Richmond. Downtown Vancouver was the most expensive area.

Read the full story by Daily Hive.

4th Mar 2025

Vancouver Market Stays Balanced as Rate Decision Looms

The Greater Vancouver real estate market saw a decline in residential sales with 1,827 units sold in February, an 11.7% year-over-year drop. New home listings increased by 10.9% to 5,057, leading to a 32.3% increase in active listings. Prices remained flat for single-family homes and decreased slightly for attached homes.

Read the full report by GVR.

13th Feb 2025

MVRD Considers More DCC Protection for In-Stream Projects

The Metro Vancouver Regional District is proposing to extend the in-stream protection period for development cost charges (DCCs) from 12 months to 18 or 24 months. This move could forgo up to $220 million in DCC revenue. However, the purpose of this change is to secure $250 million from the Canada Housing Infrastructure Fund.

Read the full story by Storeys.

5th Feb 2025

Supply Outpaces Demand in Metro Vancouver Markets

In January, Greater Vancouver's housing market saw a 46.9% surge in new listings compared to a year before. Sales increased by 8.8% year-over-year to 1,552. Fraser Valley’s inventory hit a 10-year high, 54% above the 10-year average. The Greater Vancouver market remains in a balanced market, while Fraser Valley's slower sales signal a buyer's market.

Read the full report by GVR and FVREB.

4th Feb 2025

Metro Vancouver’s Population Surpasses 3 Million

Metro Vancouver's population has surpassed 3 million, with growth mainly in suburbs like Surrey and Langley. Surrey remains a primary destination for newcomers and could surpass Vancouver’s population by 2027. This prompts calls for improved regional infrastructure planning, despite the Canada's reduction in immigration targets.

Read the full story by CBC.

2nd Feb 2025

Metro Vancouver Considers DCC Waivers to Boost Supply

Metro Vancouver is considering waiving DCCs for below-market rental units built by private developers and transferred to non-profits upon completion. This could reduce break-even rents by 4-4.4% and increase below-market rental supply by about 281-361 units annually. Forgone DCC revenue is estimated at $5.4-7 million yearly.

Read the full story by BIV.

As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.

Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!

Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you

Very informative newsletter! It is now my go to source for all real estate news.

Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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