In the City of Vancouver, as well as our North shore communities, you can buy beautiful, brand new modern homes. However, we have had a long history of this building aesthetic for the past 80 years.

A modern home is a style of design that embraces the idea of minimalism and the use of unconventional house materials such as glass, steel and concrete.

If you are a fan of the modern home (as we are!), you may find it interesting to note that the first house in the modern style was built in West Hollywood...

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Tax Rates for Speculation and Vacancy Tax

 

The speculation and vacancy tax rate varies depending on the owner’s tax residency. In addition, the tax rate varies based on whether the owner is a Canadian citizen or permanent resident of Canada, or a satellite family.

For 2018, the tax rate is:

  • 0.5% of the property’s assessed value for all properties subject to the tax

For 2019 and subsequent years, the tax rate is:

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Vancouver the least affordable

In Canada's most expensive market — Vancouver — house prices are expected to fall another 2.5 per cent this year, while sales remain flat. On Thursday, the Real Estate Board of Greater Vancouver said the benchmark price for a home, which is a composite of detached properties, townhomes and condominiums,  fell by 2.7 per cent in December 2018 compared to the previous year. 


Read on....


https://www.cbc.ca/news/b...

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In unaffordable Vancouver, we need to start thinking small.

 

Tiny houses, lock-off suites, laneway suites, houseplexes are necessary housing options.This was the theme of a recent conference organized by Small Housing BC (SHBC), a non-profit organization created to promote smaller homes throughout the province.

Read what Michael Geller has to say about small spaces:


https://www.vancourier.com/opinion/in-unaffordable-vancouver-we-need-to-start-thinking-small-1.23505368?utm_sou...

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At Vancouver City Hall, new councillor Colleen Hardwick was attempting to get council’s support to send the bylaw passed Sept. 19 to another public hearing with the aim of rescinding it.

Hardwick pointed out her NPA colleague Melissa De Genova and Green Party Coun. Adriane Carr rejected Vision’s duplex plan for single-family neighbourhoods in the previous sitting of council.


Learn more...





https://www.vancourier.com/real-estate/npa-councillor-blasts-colleagues-for-failing-to-rescind-du...

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VANCOUVER — The City of Vancouver says it has collected $18 million from the first year of its empty homes tax and another $12 million could still flow into its coffers.

 

The city says in a news release that it expects to generate a total of $30 million from the first year of the tax which is applied to vacant residential properties in a bid to ease Vancouver's near-zero vacancy rate.


Learn more...

https://www.vancourier.com/real-estate/vancouver-expects-30-million-in-first-year-...

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Green Party Coun. Adriane Carr drafting motion to rescind vote of previous Vision Vancouver-led council.

  • Generally, a new council is free to reconsider previous bylaws and resolutions of its predecessors.
     
  • If the new council wanted to take steps to reverse some or all of these [duplex zoning] amendments, council would need to hold a public hearing prior to approving an amendment to reverse the amendments that are currently proposed.
  • If (as is the case here) the matter being reconsidered is a...
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 Areas covered by the Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, Pitt Meadows, Maple Ridge, and South Delta.


The real estate industry is a key economic driver in British Columbia. In 2017, 35,993 homes changed ownership in the Board’s area, generating $2.4 billion in economic spin-off activity and an estimated 17,600 jobs. The total...

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Where are Western Canada's biggest hotspots for real estate investment in 2019? If you have some funds burning a hole in your pocket, you would be advised to take a look outside of the usual suspects of Vancouver and the Capital region.

 


Here are our sister publication Western Investor's picks for the top five Western Canadian cities to invest in real estate over the next year.


Read on to find out!

https://www.vancourier.com/real-estate/2019-s-top-five-real-estate-investment-towns-in-w...

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If you cannot afford a house in Vancouver but still want the luxurious lifestyle, developers are bringing some fun ammenities to their designs:


1. designated hot and cold food storage rooms for food delivered before you make it home from work

2.  designated spot for Uber and Lyft rides (not yet in Vancouver!)

3. a high-tech shared working space for those who want to work from home

4. an exercise room outfitted with a gym system that mixes arcade-style activities with fitness.


In 2014, condo...

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Metro Vancouver's current housing slump will last until 2021, but will be followed by dramatic doubling in single-family prices, predicts analyst.

A real estate analyst who accurately predicted Metro Vancouver’s housing crash a year ago says the current slump will stretch out for three more years.

Read on....


https://www.vancourier.com/real-estate/detached-home-prices-will-soar-after-three-year-slump-analyst-1.23467287

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Rezoning proposal outlines plan for 55-unit, six-storey residential building.

 A 55-unit, six-storey residential building is proposed for a land assembly near the Little Mountain development site.

 


The proposal, for which a rezoning application has been submitted, involves property from 4906 to 4970 Quebec St.

 A 55-unit, six-storey residential building is proposed for a land assembly near the Little Mountain development site.

Read on...


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A proposal for a five-story, mixed-use building at 4464 Dunbar St. will be reviewed by the City of Vancouver’s Urban Design Panel Oct. 3


Under the site’s existing C-2 zoning, the application is conditional, so while it may be allowed, a decision by the Development Permit Board is required. The Urban Design Panel advises city council and staff about development proposals or policies, including major development applications, rezoning applications or other projects of public...

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Everyday, as I peruse the listings on our industry MLS site, I am astonished at the terrible photos my colleagues choose to use to sell their clients home online! EVERYONE starts their home search online so first impressions are key.


The potential Buyer is looking at the features of your home - not your stuff. They want to see if your kitchen counter is marble or laminate. Put your dirty dishes, dish cloths, tea towels, rotting bananas, and jars of spices, lentils etc. away. They are very distracting...

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On September 18th, at one of the last meetings before the Vancouver civic election, there will be a public hearing held on plans to allow duplex zoning in almost every city neighbourhood.

This is a final move by Mayor Gregor Robertson to add even more density, and in the future, the new council will consider further density with fourplexes and townhomes.

Some believe that these new types of housing in current single detached home zoned areas will be unaffordable for most residents - especially on...

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Homes in Vancouver which are unoccupied for 6 full months of the year or more, will be subject to the 1% EMPTY HOMES TAX.


The tax is equal to 1% of the property's taxable assessed value in addition to the existing property tax and will be applied annually.


Who won't be subject to the tax?


Residences being used as a principal residence by the owner, a family member, a friend or any other person occupying with the permission of the owner but is not a tennant or sub tennant, will NOT be charged the tax....

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Do you have a basement suite or a laneway house and you don't want long term tenants?


As of September 1st 2018, in Vancouver, you are permitted SHORT TERM RENTALS in principal residences only - the home where you live.

Anyone operating a short term rental must have a business licence and include it in all the listings.


The registration period to comply with the regulations ends after August 31st. After this date, you can still apply for a licence but all short term rentals listed without a licence...

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Michael Geller, a contributor to the Vancouver Courier re: real estate/housing issues, always has a clear and calm view of the situation.

Six False Creek affordable housing lots still empty after three decades: Vancouver Sun front page story March 10, 2018

      
While I didn't write this story, I feel partially responsible for it.
     During the recent debate about the forthcoming North-east False Creek development, much was made of the city's promise to include significant affordable housing. This prompted me to comment that this was a noble goal, but before getting too excited about these units, what about the 6 empty social housing parcels lying fallow along the North Shore of False Creek?
     I knew about these parcels because I was given a tour of them by Concord Pacific during the 2008 municipal election. Furthermore, I was involved as an expert witness in a lawsuit over them a few years ago. Following my comments, Lori Cuthbert contacted me. I happily put her in touch with Cameron Gray, who was the City's Housing Director, and while not directly involved in the acquisition of these sites, knew why they remained undeveloped.
     I told Lori that I thought it was outrageous that these sites remained undeveloped, not as a criticism of Concord Pacific, but rather of the city, province and feds who could have come up with a strategy to see these parcels developed with affordable housing, even in the absence of deep government subsidies. Enough said.

     http://vancouversun.com/news/local-news/three-decades-ago-six-big-lots-in-vancouvers-trendy-false-creek-were-reserved-for-affordable-housing-they-remain-empty-today-will-these-600-homes-for-families-and-seniors-finally-be-built