Blog Post: Prime Minister Mark Carney Eliminates #GST for First-Time Homebuyers: A game changer for Canadian Housing #VanRE https://t.co/Kf7qOmWJAM @rennieintel
The newly approved #CivicDistrict around City Hall will transform 8.6 acres into a vibrant, mixed-use hub with green spaces, jobs, & heritage preservation. A model for sustainable urban growth, this project is set to redefine our city’s future. #BlogPost https://t.co/8YDdunB3tj
Sales in the #Vancouver Region were once again up on a year-over-year basis in December, making 2024’s total sales count marginally higher than the previous year. Heading into 2025, inventory is at its highest year-end level in a dozen years. https://t.co/nVSniSlFI1 #VanRE
Canada's Economic Tightrope: Balancing Growth and Risks in 2025 -> on my latest blog post on the rennie website I recount: “signs of potential recovery, the abrupt slowdown in population growth and external factors like U.S. policy changes: https://t.co/rdel7elemy #VanRE
Apartment rents in Canada are set to drop in 2025, cooling investor interest in condos. CIBC economists highlight market stabilization due to affordability issues and reduced immigration plans impacting demand. #RealEstateTrends https://t.co/Brb33119wy @CoStarCanada
New data reveals that home flipping accounted for 2.8% of home sales in #BritishColumbia from 2019-2021. Experts argue it’s not a major driver of the #HousingCrisis , but new taxes aim to curb it. Will they make a difference?
https://t.co/oJKqeGtsI4 #VanRE
After much work by @CityofVancouver staff and the development community, the MultiPlex Report (allowing 4-6 homes on most RS-1 lots, 60% of the buildable land in the City) is public!
Staff Recommend Council:
•Add multiple dwelling as a permitted use to allow the construction of multiplexes as a new housing option with additional units and density;
• Require either a set-rate density bonus payment, a below-market homeownership unit, or secured rental housing for the opportunity to access additional density with a multiplex application;
• Extend passive house incentives to the new multiplex option and simplify the existing passive house regulations;
•Reduce the maximum size of new single-detached houses;
• Increase the maximum size of new laneway houses, and simplify the laneway house regulations;
• Reduce the number of zoning regulations that apply to RS residential zones; and
• Consolidate the nine RS residential zones by rezoning areas zoned RS-1, RS-1A, RS-1B, RS-2, RS-3, RS-3A, RS-5, RS-6 and RS-7 to a new R1-1 Residential Inclusive zone.
https://t.co/xsuQaGx6fp @Lanefab@The_Clay_Way@BCollective_CH@HavanOfficial@havan_ceo@harshan_r@EastVanBuilder@averrahomes @TomDavidoff @JeffKingPREC @rosskay@fabulavancouver@GoldinYVR
The first signs (in a long time) of a slowing housing market, as sales and prices in the Vancouver Region cooled following an interest rate hike. Market continues to favour sellers despite total inventory increasing for the fifth straight month. Read on: https://t.co/0loCBeZnvD
Buyers hungry as they emerge from hibernation.
See a summary of sales and listings trends in the Vancouver region in the latest rennie advance below.
#rennieintelligence#thoughtfulrealestate#vanre