Mindblown: a blog about philosophy.
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BC Sees Rent Decline, but Costs Remain High
Avg apartment rents in BC ↓ 2.3% to $2,524 in November, continuing a nationwide decline. Factors like increased supply and shifting renter preferences contributed to the decline in rent prices.
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Lower Mainland 2025 Property Assessments Announced
The 2025 property assessments for over 1.12 million properties in the Lower Mainland have been released, reflecting market values as of July 1, 2024. Most homeowners can expect modest changes in assessments, ranging from -5% to +5%. The total assessments in the region have remained stable at approximately $2.01 trillion, with nearly $27 billion attributed…
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Vancouver’s Proposed 2025 Budget
A 5.5% increase aims to support operational costs and renew aging utility infrastructure critical for housing. Significant investment in utility services, including sewerage connections, supports the housing sector’s long-term sustainability.
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Check out this open house Listing Address: 16349 86B Surrey, British Columbia V4N1C7
Recently renovated 5BR 2.5BTH Fleetwood residence. Found within an idyllic, family-friendly culdesac, this welcoming home sits atop a generous 7,700+ SQFT lot w/ a double garage & 4-car driveway. A ceramic-tiled foyer greets you flowing into an elegant, formal living room w/ a gas fireplace, gleaming hardwood floors, wainscotting & stunning cathedral ceilings. The refreshed…
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Check out this open house Listing Address: 5476 BRYDON Unit #28, Langley, British Columbia V3A0N7
Picture-perfect, luxurious 2BR+Den 2.5BTH Langley City townhome. Welcoming you into this stunning residence is a chef-worthy kitchen & elegant dining area featuring stainless steel appliances, crisp quartz counters & designer lighting opening onto a private balcony overlooking a fenced patio below. A stylish accent wall beneath 9ft ceilings draw you toward a spacious, airy living…
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Check out my new listing Address: 13963 105 Unit #110, Surrey, British Columbia V3T0M9
This inviting 1BD, 1BTH condo features an open floor plan with high ceilings and large windows, creating a bright and airy atmosphere. Enjoy cooking in the modern kitchen with stainless steel appliances and ample cabinetry. The spacious living area opens to a private patio, perfect for relaxing or entertaining. The resort-style clubhouse includes a bar,…
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BC Faces Housing Crisis Amid Stagnant Construction
BC's housing starts are at a decade-low, with projections at 7.5 units/1K people in 2024. Factors like high land costs, construction costs, and interest rates are limiting housing growth in BC.
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Apartments Dominate BC’s New Housing Market
British Columbia leads in apartment popularity, with 65.71% of new buyers choosing this urban-friendly option. Single-family homes rank second at 19.24%, while rowhouses (11.07%) and semis (3.98%) follow.
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Homebuyer Demand Continuing To Strengthen Across Metro Vancouver
Residential sales in Greater Vancouver and the Fraser Valley exceeded last year's totals, with Greater Vancouver recording 2,166 sales (27.6% increase) and the Fraser Valley 1,136 sales (27.5% increase). New listings also rose, with Greater Vancouver adding 3,725 and the Fraser Valley 2,637. The composite benchmark price in Greater Vancouver is $1,172,100, a slight decrease,…
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BC Housing Market Recovering With Strong Early-Q4 Sales
BC recorded 7,119 residential sales in October 2024, ↑ 33.5% increase yearly. After a high-interest rate pause, buyer activity surged in BC during October, signalling a recovery.
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