BC Housing Market
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Thousands of units expected from select B.C. cities in new housing targetsIf met, the five-year goals mean the selected communities would build 38 per cent more stock than what they would have otherwise, based on historic trends.EconomySep 26
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B.C. to streamline permitting, offer incentive to homeowners to rent secondary suitesThe B.C. government is chipping away at promises made under its multi-billion-dollar housing plan, announcing two new initiatives aimed at boosting supply and affordability.PoliticsSep 18
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B.C. in a ‘good position’ for building with Ottawa’s new tax break: Housing ministerUrban planner Andy Yan, however, said he didn't "necessarily" think Ottawa's GST break would have a huge impact in Metro Vancouver.EconomySep 15
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Tenants feel ‘real fear’ as rent for one-bedroom in Vancouver exceeds $3K"We don't honestly have sufficient protection of their tenancies in the law right now," said Robert Patterson of the Tenant Resource and Advisory Centre.EconomyAug 15
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More B.C. renters are spending half their income on housing than anywhere else in Canada: IndexAs of 2021, the index found that 11 per cent of B.C. renter households were also living in "overcrowded conditions," an increase of 21 per cent from 2016.EconomyJun 19
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Vancouver home sales up 15 cent from 2022 for MayThe Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier. It would be even higher if mortgage rates weren't so high, an expert said.CanadaJun 2
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Nearly 10% of B.C. homeowners in 2020 were investor-occupants, eclipsing 4 other provincesInvestor-occupants made up 2.5 per cent of New Brunswick's homeowners, 1.8 per cent in Nova Scotia, 0.8 per cent in Ontario and 0.7 per cent in Manitoba.EconomyMay 23
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‘Worst of community-based housing’: B.C. psychologist slams SRO modelDr. Julian Somers, a distinguished health sciences professor at Simon Fraser University, described the SRO system as "far behind evidence-based standards" for unhoused populations.PoliticsMay 8
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Vincent Tong cemented as new CEO of BC Housing, commits to addressing ‘crisis’Tong worked as BC Housing's vice-president of development and asset strategies, but began acting as CEO in September last year following the retirement of Shane Ramsey.PoliticsApr 27
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Construction stable in Vancouver last year, but seller’s market is returning: RealtorsIn a housing supply report published Wednesday, the Canada Mortgage and Housing Corporation said work on 25,983 new units began last year, down 30 units from 2021.EconomyApr 19
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