Pishva & Associates Realty Advisory

Vancouver Housing Market Forecast 2024

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

Vancouver potentially eliminating single-family residential zoning rules
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Vancouver potentially eliminating single-family residential zoning rules The City of Vancouver is considering a new zoning policy that would allow up to six homes on each plot of land, rather than just one. This change would allow for more space to build larger laneway houses, duplexes, fourplexes, and sixplexes, making neighbourhoods more affordable by introducing diffe...

Rental price gap between Vancouver and other Canadian cities is growing
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Rental price gap between Vancouver and other Canadian cities is growing Since the start of the COVID-19 pandemic, Vancouver has been the most expensive city for renters in Canada, and the gap between Vancouver and other major Canadian cities continues to grow. According to liv.rent, in July the average rent for an unfurnished one-bedroom unit in the City of Vancouver is...

BC Selects 10 Municipalities for Housing Targets

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

Development levies threaten the viability of Vancouver rental projects
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Development levies threaten the viability of Vancouver rental projects Chard Development recently broke ground on a 575-unit rental project in Vancouver’s Marpole neighbourhood. However, if the project had faced current development charges, it would not have been viable. The project was able to proceed due to city fees being lower a few years ago and the extra densit...

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Downtown Vancouver Office Vacancy Rate Jumps Above 10%

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

City of Vancouver planners working at home adding to housing delays: former staff
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City of Vancouver planners working at home adding to housing delays: former staff The City of Vancouver is proposing a strategy to slow the process of reviewing new rezoning applications, with the development industry warning it could exacerbate housing affordability issues. The proposed strategy involves City staff temporarily selecting which applications to prioritize for revie...

Listings near two-decade low as buyers stretch to enter market
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Listings near two-decade low as buyers stretch to enter market Lower Mainland home sales rose sharply in April with seasonally adjusted sales up more than 30 per cent from March. Demand is being propelled by willing and able buyers, while exceptionally strong population growth is likely adding to activity. New home listings fell 31 per cent year over year and a...

Mid-Q2 Avg Rent by Listing Type in Vancouver

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

Early-Spring Housing Market Trends in Vancouver

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

Number of Foreign Home Buyers in Metro Vancouver Spiked Leading Up to Ban
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Number of Foreign Home Buyers in Metro Vancouver Spiked Leading Up to Ban The data collected by Rennie shows that when the Government of Canada proposed the Prohibition on the Purchase of Residential Property by Non-Canadians Act (foreign buyers ban), the share of foreign home buyers tripled in the second half of 2022, in the lead-up to the ban coming into effect. This ph...

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Vancouver home prices rise 5% so far this year with listings stuck near record-lows
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Vancouver home prices rise 5% so far this year with listings stuck near record-lows In April, the Real Estate Board of Greater Vancouver reported that home prices in Vancouver have risen 5% so far this year, with listings remaining near record-low levels. Prices increased 2.4% from the previous month, while new listings fell 30% from the year before. This data is consistent with th...

Business group calls for 2% shift of Vancouver property taxes to residents
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Business group calls for 2% shift of Vancouver property taxes to residents The Vancouver BIA Partnership, representing the 22 business improvement associations within Vancouver, is calling on the City Council to shift the property tax burden from businesses to residents. This would mean that the residential share of the City of Vancouver's portion of the property tax would...

Vancouver Apartments: More Popular, Less Affordable

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

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Vancouver Dubbed the Most Expensive Rental Market in Canada

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

Downtown Vancouver's office vacancy rate forecast to reach 11.6% in 2023
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Downtown Vancouver's office vacancy rate forecast to reach 11.6% in 2023 The vacancy rate for leased office space in downtown Vancouver will continue to creep upwards this year. Some of the largest full completions in 2023 include The Post ‘s 1.1 million sq ft of office, which is entirely pre-leased to Amazon, as well as the B6 tower , which is largely leased to Micros...

Number of Mortgage-Free Homes in Vancouver Points to One Thing: Foreign Money
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Number of Mortgage-Free Homes in Vancouver Points to One Thing: Foreign Money It also has a 16% poverty rate, according to the 2016 census , in a City of Vancouver profile on the neighbourhood. When you think about Toronto, this is the financial capital of this country in so many ways… And here’s the thing: if there were very few mortgaged homes in Rosedale where all the ...

Vancouver’s High-Rise Development Fees

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

Don't look now but Vancouver's home sales are heading back up
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Don't look now but Vancouver's home sales are heading back up The market bottom may have been seen in January 2023, when residential sales through the REBGV plunged down more than 55 per cent from a year earlier and were down 21 per cent from a month before, to just 1,022 transactions. At the mid-point of February, there have been 878 sales in Greater Vancouve...

Avg Rent In Metro Vancouver Up From Last Year

Sid Pishva Sid Pishva is a real estate agent with Team 3000 Realty Ltd.. Check out Sid Pishva's listings or office listings.

Vancouver office market — How did it fare in 2022?
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Vancouver office market — How did it fare in 2022? The downtown area saw 34 sublease deals over the past year, representing 27.6% of the area’s total deals completed over the year. This was 112.5% stronger compared to pre-pandemic activity levels seen in 2019, Avison Young reported. “In a monumental year for changes in working arrangements and d...

January home sales down 55% from year earlier, 21% from Dec: Vancouver board
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January home sales down 55% from year earlier, 21% from Dec: Vancouver board VANCOUVER — The Real Estate Board of Greater Vancouver says January home sales were more than halved from the year before and down 21 per cent from December. It found the region's composite benchmark price was more than $1.1 million, a 6.6 per cent decrease over January 2022 and a 0.3 per cent fal...