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Vancouver s luxury housing market seeing explosive rebound so far in 2021

By the middle of 2021, nearly 1,700 single-family home sales had sold over $1 million, up 94% year-over-year, with 49% of homes selling above the list price. As of last month, the benchmark prices for a single-family home in Vancouver West increased by 12.4% year-over-year to $3.458 million, while the same home type in Vancouver East increased by 16.3% year-over-year to $1.697 million. Upscale condominium sales also resurged over the first six months of 2021, regaining the ground lost last year due to the pandemic. During this period, luxury condominium sales over $4 million more than doubled with a 138% year-over-year increase, and sales between $2 million and $4 million increased by 87% year-over-year. Analysts attribute this activity to historically low-interest rates, pandemic-influenced changes in housing desires and needs, and long-term confidence in Vancouver’s real estate market. The resurgence in sales volumes accelerated soon after the start of the provincial governmen

Sold (Bought): Plenty of interest in renovated Kits home with high-quality finishes

Sold (Bought): Plenty of interest in renovated Kits home with high-quality finishes
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British Columbia s AAA rating stripped by S&P on rising debt

Article content Canada’s third-largest province will run a deficit this fiscal year that’s “significantly larger” than expected when the pandemic began, which will likely lengthen the time to return to fiscal balance, S&P said in a statement Wednesday explaining the one-notch downgrade to AA+. The move comes less than two weeks after Fitch Ratings took a parallel rating action. We apologize, but this video has failed to load. Try refreshing your browser, or British Columbia s AAA rating stripped by S&P on rising debt Back to video Finance Minister Selina Robinson presented a budget in April that projected a budget deficit of $9.7 billion (US$7.8 billion) in the current fiscal year, which ends March 31, 2022, and smaller deficits for the two years after that.

Striking Jenga condo tower in downtown Vancouver moving forward to launch

Striking Jenga condo tower in downtown Vancouver moving forward to launch
dailyhive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyhive.com Daily Mail and Mail on Sunday newspapers.

1886: Trans-continental passenger train pulls into Port Moody

1886: Trans-continental passenger train pulls into Port Moody
vancouversun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vancouversun.com Daily Mail and Mail on Sunday newspapers.

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