Table of Content
- Workers should get 15 paid sick days, says BC Federation of Labour
- Gift Guide: For those enjoy a drink or five, the holiday season is indeed the most wonderful time of the year
- Median price of Metro Vancouver homes increases 40 percent over 10 years to $800 per square foot
- How hot is the Vancouver housing market?
- Select a City
The North Bay Police Service is currently involved in an active investigation into a homicide which occurred early Saturday morning. The London Police Service Major Crime Section is investigating after a man fell to his death from a downtown London, Ont. apartment building on Saturday morning. Hours later, CTV News London learned the deceased was London Knights forward Abakar Kazbekov.
So far this year, the Bank of Canada has increased its interest rate seven times, leading to a light fall in home prices, but not a hike in home purchases. Zealty.ca, a real-estate information site operated by Holywell Properties, uses median price per square foot as one of many parameters. Vancouver also holds events such as running races that include the Vancouver Sun Run, the Vancouver Marathon, the Scotiabank Vancouver Half-Marathon, and the annual Grouse Grind Mountain Run. The Global Relay Gastown Grand Prix, which is part of BC Superweek are held on the cobblestone streets of Gastown.
Workers should get 15 paid sick days, says BC Federation of Labour
Walking through the city’s downtown is also a good way to stroll between attractions, dining, malls and neighbourhoods. Vancouver offers different recreational activities from family-friendly fun to thrill-seeking exploits. Furthermore, 240 parks, 24 community centres with swimming pools, arenas, and playing fields, and three championship golf courses are located and operated by the Vancouver Board of Parks and Recreation. Among these parks is the 404-hectare Stanley Park, one of the largest urban parks in North America.
Vancouver is also one of the largest industrial centres in Canada and became the centre of technological advancement such as software development, biotechnology, aerospace, video game development, and animation studios. The Canada's largest and most diversified port, the Port Metro Vancouver, does more than C$172 billion in trade with over 160 different trading economies annually. Strengthening local businesses, creating a healthy climate for growth and prosperity, and focusing on people to attract and retain human capital are the city's strategy for Vancouver's continuous economic development. At Mortgage Sandbox, we provide a price range rather than attempting a single prediction because many real estate risks can impact prices. As a result, we review various forecasts from leading lenders and real estate firms.
Gift Guide: For those enjoy a drink or five, the holiday season is indeed the most wonderful time of the year
It provides non-stop daily flights to Asia, Europe, Oceania, USA, Mexico and other airports within Canada. On the other hand, Vancouver also promotes green transportation, it aims to make walking and cycling a more preferred transportation options to improve the quality of life of its residents. Protected by range of mountains and warned by the Pacific Ocean currents, Vancouver experience a moderate, oceanic climate where winters are usually wet and summers are typically dry. November and December are Vancouver's wettest month while the driest months are the month of July and August. The months of March to November are considered as the Vancouver's growing season where weather condition is perfect to grow plants and crops.
These disruptions have materially slowed down the completion of houses under construction. In October 2022, the average house price up 2.1% compared to a year ago. While prices have been decreasing since the Bank of Canada began implementing a series of interest rate hikes back in March, Royal LePage noted there were years of price appreciation during the COVID-19 pandemic. That could mean a short window for potential buyers hoping to take advantage of the slowed down real estate market, said Sean Burns, managing partner at Royal LePage Coast Capital and Sterling Realty.
Median price of Metro Vancouver homes increases 40 percent over 10 years to $800 per square foot
The user of this site is granted permission to copy a reasonable, and limited number of copies to be used in satisfying the purposes identified in the preceding sentence. Estimates for the most recent period have a high degree of uncertainty due to limited data for this bedroom type in Vancouver, BC and may not be representative of the actual market. The most popular Neighborhoods in Vancouver are Downtown Vancouver where we have 353 listings. Sellers should always consult a mortgage broker early to prioritize flexible loan conditions and reduce the risk of mortgage cancellation penalties.
Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. Zoocasa recently conducted a study of the best and worst North American cities for affordable housing and Vancouver came second worst.
The event also provides unique culinary experiences that include guided dining adventures, spirited cocktail masterclasses, BC VQA wine brunches, neighbourhood food tours and global guest-chef collaboration dinners. From a seller’s perspective, more changes in the market that influence prices downward, so now may be a better time to sell than in two years, and the annual real estate cycle usually favours sellers in the first half of the year. Single-family detached home prices are expected to drop 2.5% in both Toronto and Montreal.
Number of bus routes around and outside the city are available for commuters. They also operated the Vancouver's SkyTrain system, an automated rapid transit the currently runs on three lines, the Expo Line, the Millennium Line, and the Canada Line. The West Coast Express commuter rail services the Lower Mainland region of British Columbia and provides links from several outer suburbs to downtown Vancouver. Also, the SeaBus offers accesible ferry service that connects Downtown Vancouver's Waterfront Station to Lonsdale Quay in North Vancouver. In case of air travel, the city is served by Vancouver International Airport , located south of Vancouver, in the city of Richmond.
The city’s benchmark home price is $400,00 CAD and the required income is $57,037 CAD, but the median income in Calgary is $97,334 CAD. Royal LePage's Market Survey Forecast predicts single-family detached properties will see a more significant decrease of two per cent by fourth quarter 2023, which would bring the median price to $1.64 million. In the fourth quarter, Royal LePage predicts that the aggregate price of a home in Canada will increase 16 percent annually to $771,500. This is an upward revision from the brokerage’s previous forecast published in April. Although the rate of price appreciation is decreasing, increased demand from foreign students, newcomers and investors in the fall is anticipated as additional COVID-19 restrictions are lifted. The report clarifies that aggregate prices are calculated using a weighted average of the median values of all collected housing types in order to improve accuracy.
With just a week to go until Christmas, local Calgary shop owners are making a final push for business in what’s typically their ‘make’ or ‘break’ season for sales. Medical students and young doctors are struggling to find opportunities within Canada's health-care system as one doctor explains the country's lack of medical training and resources are to blame. "Even now, in December, it's very unusual but on some properties we're seeing competing offers, and it's because there's hardly any product out there available for purchase," Burns said.
