Mindblown: a blog about philosophy.
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Federal government supports 146 affordable homes in Vancouver
The Hastings-Sunrise neighbourhood in Vancouver will soon see the construction of 146 new affordable homes for seniors, families, and people with disabilities through the Sunrise Village project. This initiative is a collaboration among various government levels and Brightside Community Housing, with funding totaling over $56 million. The project will replace an aging building and is…
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Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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City of Vancouver records downward trend in building permit processing times
City of Vancouver has seen a decrease in building permit processing times due to new measures. Home renovation permits now take 23 days, down from 44 days in 2023. Processing time for new-build single-family houses is now 33 weeks, a 25% increase in speed. Commercial renovation permits are processed 45% faster at 32 days. The…
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Vancouver Sets Goal of 83,000 New Home Approvals by 2033
The City of Vancouver disagrees with the provincial government's method of tracking new housing supply. Vancouver prefers tracking approvals (when permits are granted) instead of completions (when homes are built).
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Vancouver Slips in Global Liveability Rankings
The liveability index shows Vancouver dropping from 5th to 8th place, attributing this decline to the housing shortage. Vancouver's overall livability score was 96.6 out of 100.
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Land Deals in GVA on Hold as Developers Remain Cautious
Land sales in Metro Vancouver are slow due to high financing costs and developers waiting for better deals. Developers are looking for land priced well below market value to account for potential future difficulties.
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Federal government invests in 4894 affordable homes in Vancouver
The federal government announced over $197.2 million in funding through the Affordable Housing Fund to build and repair 4910 affordable homes in Vancouver. The funding includes a $22.8 million contribution and low-interest loan for the Ashley Mar Housing Co-operative, creating 125 adaptable homes with indoor and outdoor amenities. The Affordable Housing Fund supports projects prioritizing…
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Office space conversions on the rise in Vancouver
Vacancy rate in Metro Vancouver rises to 9.7% in the second quarter of 2024, marking a second consecutive increase. Vancouver's downtown struggles with a 10.8% vacancy rate, while suburbs have 8.4%. Office space under development decreased from 6.2 million to 1.1 million square feet, with a shift towards residential or hotel conversions mid-construction. National office…
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Check out this open house Listing Address: 901 4650 BRENTWOOD BOULEVARD
PERFECT LOCATION! AMAZING BRENTWOOD THREE by Shape Properties! Super functional 2 bedroom and 2 bathroom suite with absolutely no wasted space. Appreciate the gourmet kitchen with sleek integrated Bosch appliances, custom European cabinetry, ample storage, stone counters and marble backsplash. This home features 9' ceilings, floor to ceiling windows, roller blinds throughout and durable designer…
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Vancouver Ranked Among Least Affordable Cities in the World
Vancouver has been ranked one of the least affordable housing markets in the world for the past 16-yr. The Demographia International Housing Affordability Report ranked Vancouver as the 3rd least affordable housing market, behind Hong Kong and Sydney.
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