Have we finally found the answer to the Vancouver housing crisis? Are micro units, small condos and bachelor suites the way of the future; able to douse our city’s precariously overheated housing market in a cool shower of affordable, convenient rental units? It seems the question is still up for debate here in the, albeit
The Bank of Canada is warning of a potentially sharp increase in unemployment and a severe recession if Vancouver’s housing market continues to grow unchallenged. In its financial system review, published Thursday, the central bank said the result could be a “broad-based correction in house prices” that could make many mortgage payers owe more than
Have you heard about the red-hot real estate market … in Parksville? While the Vancouver’s market has been in the spotlight for its rapidly rising values, these sky-high growth rates are now trickling out to surrounding locations. Cameron Muir, chief economist of the British Columbia Real Estate Association, says the entire province experienced a record
