immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Vancouver

: With a baby on the way, they are trying to figure out if they can buy anything bigger than 900 square feet in their preferred area for under half a million dollars. for The Globe and Mailenriched In the Lower Mainland, cities seek to ‘family-size’ housing developments Since January, Airbnb listings for Vancouver have increased 17 per cent, bringing the number to 3,473 listed properties, according to Globe and Mail. Bloombergnews Is Airbnb inflating the Vancouver housing crisis The pace of home sales in Vancouver hits the second-highest level on record in June, but affodability continues to track the historical pace. This is a catch-all ASF view; only displays when an unsupported article type is put in an ASF drop zone Graham and Sarah Plant in their basement rental suite in Vancouver. For more on why the market isn't too hot to handle and what risks could present themselves, BNN is joined by Diana Petramala, Real Estate Economist, TD Economics. The firm said mainland Chinese buyers accounted for 21 per cent of the transactions last year in which homes sold for between $1-million and $3-million, and just 11 per cent of those in which the price tag dipped below $1-million. BNN Video Real estate Video: Vancouver housing heats up, but it not too hot to handle At the same time, however, Macdonald data show the influence of wealthy mainland Chinese buyers – a subject that stirs strong emotions here on the West Coast – declines in tandem with the price of the property. (www.immigrantscanada.com). As reported in the news.