BC Homeownership is 70%
by Maggie Chandler on December 18, 2008
in Uncategorized
Canada Mortgage and Housing Corp says home-ownership in British Columbia is approximately 70%. CMHC estimate that 45% of Vancouver Downtown condos are investor owned (adding to a tight rental market) versus 23% of condos across metropolitan Vancouver.
Stats Canada match CMHC figures, stating that 69.7% of households in BC own their own home, leaving 30% of the province renting a home. However in Metropolitan Vancouver 35% of households rent and in Vancouver itself 51% of households rent.
With the rental vacancy rate below 1% it does not bode well for newcomers to the City or tenants facing displacement, such as what’s taking place in the West End.
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Tagged as:
home ownership in bc,
Vancouver Real Estate,
vancouver rental market
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I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello!
The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver.
I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums.
I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion.
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{ 2 comments… read them below or add one }
Hard times are going by. With the recession hitting hard and real estate prices moderating, new avenues need to be channeled for marketing.
Why not partner with staging companies to make life easier?
It’s nice to see so many people in BC own their own home!
Sharon Hollas – Surrey Real Estate
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