urbanYVR
Vancouver condos, real estate, development and architecture
urbanYVR coverage of real estate across Vancouver, including condos, rental apartments, social housing, retail, office development and parks and public spaces.
Vancouver real estate is one of the most competitive and expensive markets in Canada and in North America.
In July 2021, the average price for residential properties across Metro Vancouver was $1,175,500, up 13.8 per cent year-over-year.
The average price for a condo in downtown Vancouver in 2021 is $802,591, according to RE/MAX Canada. RE/MAX notes that the condo market has been negatively impacted by the COVID-19 pandemic as those who have transitioned to working from home are seeking larger spaces, sometimes out of town.
However, the Vancouver real estate market for luxury condominiums in the downtown core remains strong, with new projects marketed at approximately $2,000 per square foot. These include Fifteen Fifteen by Bosa and Kingswood Properties, and The Pacific by Grosvenor.
Foreign investors have deleveraged from Vancouver in recent years, due to the provincial speculation tax, introduced in 2018. In addition, the City of Vancouver introduced an empty homes tax, and the school tax was also increased on homes worth more than $3 million to help curb speculation.
Metro Vancouver is expected to see healthy population growth, growing from 2.5 million residents to approximately 3.6 million by 2050. Net immigration settlement in Vancouver is projected to be in the 30,000 – 40,000 range annually. According to Metro Vancouver Regional District, 40 per cent of the population growth in the Fraser Valley between 2011 and 2016 consisted of former residents of Metro Vancouver, likely seeking more affordable housing and more space.
Gryphon Development is planning a five-storey building at the corner of West 41st and Dunbar, with 10,000 sq ft retail and 25 homes.
The Cape Group's plans for a rental building in east Vancouver have received unanimous UDP support.
Two concepts for redevelopment of the Jericho Lands include towers up to 38 storeys and 10 million square feet of development.
The future of False Creek South will include more density, but also a phased approach that will concentrate new buildings next to the bridges, and …
A controversial proposal for social housing for the homeless in Kitsilano is now open for public feedback.
Locarno Legacy Corp. is planning a new rental apartment building at Main Street and East 24th Avenue in Vancouver, with ground-floor retail.
A condo owner at The Park strata at 1723 Alberni Street in Vancouver are pitching redevelopment of the site.
The architecture of an upcoming condo on Cambie Street has evolved from contemporary to classical, as it enters the development permit stage.
Four separate development applications from across Vancouver will add nearly 200 homes to the city's housing stock including townhomes, secured market …
Alabaster Developments is planning a four-storey, mixed-use building across from Langara College, designed by Yamamoto Architecture. The development …
Innovative, six-unit infill building proposed in Mount Pleasant
Hungerford Properties, through its Mercury Properties division, has submitted a rezoning to create an “employment hub” on the site of a …
