Vancouver’s new housing sales have been on a blistering pace over the past two years and the inventory of new condos has fallen to historic lows, so it was a surprise to some when housing starts plunged through the first half of 2017. Total housing starts in the city of Vancouver have dropped 80% in
In his latest snapshot of housing unaffordability, researcher Andy Yan shows the percentage of Metro Vancouver homes valued over $1 million rose from 28 per cent to 43 per cent in 2016. For the past five years, Yan’s so-called “million dollar line” looking at home values based on data from B.C. Assessment has been a
You’re feeling confident about the progress you made this year on your goal to save for a house. But as the year winds down and the holiday season approaches, you suddenly find it hard to stay on track and keep up the savings momentum. You’re not alone. According to the American Research Group, the average
