North Vancouver overtakes Vancouver as most expensive Canadian city to rent
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North Vancouver overtakes Vancouver as most expensive Canadian city to rent

ByCharlie Carey

Posted June 9, 2025 9:55 am. A new rental report comparing data from across Canada shows that the price of renting a home in Metro Vancouver is still dropping. The report from Rentals.ca and Urbanation shows rents fell by 5.9 per cent in Vancouver last month, compared to May 2024, to an average of $2,830. CLICK HERE TO LISTEN TO 1130 NEWSRADIO VANCOUVER LIVE! The region also saw the country’s largest decline in shared rent, with a just under 10 per cent drop. “The easing in rents this year across most parts of the country is a positive for housing affordability in Canada following a period of extremely strong rent inflation lasting from 2022 to 2024,” said Shaun Hildebrand, President of Urbanation. “Rents have recently been impacted by the combination of a surge in supply from new apartment completions, as well as a slowdown in population growth and a heightened level of economic uncertainty.” North Vancouver is the most expensive place to rent in the country, with a one-bedroom home coming in at $2,620 a month, followed by Vancouver, Burnaby, and Coquitlam. Toronto is in the number five spot at $2,300 a month for a one-bedroom. Despite the continued drop, Rentals found that the asking price for rentals across the country is still up 12 per cent over the last three years.

14-storey-condo-building-pitched-for-oak-&-king-edward
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14-Storey Condo Building Pitched for Oak & King Edward

Bydavid.taylor@colliers.com

Westbank has submitted a rezoning application for the Esso Station at the Southwest corner of Oak Street and West King Edward Street in Vancouver. The 11,328 SF site at 1010 West King Edward is currently zoned C-2, which allows up to 6-storeys for rental, or 4-storeys for condo. The Cambie Corridor Plan allows up to 6-storeys for condo and 3.0 FSR. The proposal is to allow for a 14-storey condo building that includes: 85 condo units; 34 one-bedrooms, 36 two-bedrooms & 15 three-bedrooms; 800 SF of retail space on the ground floor; a total density of 8.0 FSR; A building height of 143 ft. 106 underground parking stalls. This application is being considered under the  Cambie Corridor Plan. The architect for the project is Olson Kundig, who also designed Wesgroup’s condo project “W16” at West 16th and Cambie Street. The full rezoning application can be viewed here: https://www.shapeyourcity.ca/1010-w-king-edward

latest-broadway-plan-tower-application-is-for-127-units-at-east-14th-&-prince-edward
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Latest Broadway Plan Tower Application is for 127 Units at East 14th & Prince Edward

Bydavid.taylor@colliers.com

The latest Broadway Plan rezoning application is for an 18-storey tower at 360 East 14th Avenue in the Mount Pleasant area of East Vancouver. The site is located just West of Mount Saint Joseph Hospital. The plan for the site includes: 137 units with 20% of the floor area for below-market rental units; a total density of 6.50 FSR; A building height of 186 ft. This application is being considered under the  Broadway Plan . The architect for the project is Stuart Howard. The full application can be viewed here: https://www.shapeyourcity.ca/360-e-14-ave Comments are closed.

two-rental-housing-towers-eyed-for-kingsway-near-fraser-street-in-vancouver
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Two rental housing towers eyed for Kingsway near Fraser Street in Vancouver

ByKenneth Chan

Nearly four years ago, a rezoning application was approved to redevelop the southeast corner of the intersection of Kingsway and Carolina Street — situated on the southernmost border of the Mount Pleasant neighbourhood of Vancouver — into a six-storey, mixed-use building with 80 secured purpose-built market rental homes. But the project — which was one of the larger rental housing proposals in Metro Vancouver at the time, prior to the current wave of proposals — did not proceed as planned. As it turns out, this is because the project was being redesigned for a much larger mixed-use rental housing concept under the prescriptions and stipulations of the City’s Broadway Plan. A new rezoning application has been submitted to redevelop 602-644 Kingsway and 603-617 East 16th Ave., which entails a larger development site than the original concept — growing the available footprint by 50 per cent to over 30,000 sq. ft. The project is just west of the prominent intersection of Kingsway and Fraser Street. The original north site entails old low-rise commercial buildings, including a former funeral home building, while the addition of a south site includes a surface vehicle parking lot and low-rise residential and commercial buildings. Site of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) Site of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Google Maps) Site of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) Cancelled 2020/2021 concept: Current condition (top) and 2020/2021 cancelled concept (bottom) of 602-644 Kingsway, Vancouver. (Studio One Architecture) 2025 revised concept: 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) Under the new application, local developer Bonnis Properties has partnered with architectural firm Perkins&Will to pursue a 167-ft-tall, 14-storey north tower and a 276-ft-tall, 25-storey south tower. The proponents are pursuing a new concept with two high-rise towers, after determining that a project with three towers would not meet the minimum tower separation requirements from an adjacent lot on Kingsway. There will be a total of 327 secured purpose-built rental homes, including 120 units in the north tower and 207 units in the south tower. Based on the Broadway Plan’s requirement of setting aside at least 20 per cent of the residential rental floor area for below-market units, there will be 66 below-market rental homes and 261 market rental homes. The unit size mix is established as 152 studios, 47 one-bedroom units, 105 two-bedroom units, and 23 three-bedroom units. 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) The north and south towers will be physically connected on the second level by a pedestrian bridge over the laneway that separates the two sites, enabling continuous shared amenity spaces between both buildings. Expansive indoor and outdoor amenity spaces will be found on the second level — including landscaped outdoor areas on the base podium rooftops — along with outdoor amenity spaces on the rooftops of both towers. The rooftop of the north tower’s podium also features a 2,900 sq. ft. childcare facility for up to 20 kids, plus outdoor play space. Down below, about 19,400 sq. ft. of retail/restaurant space spread across the ground levels of both buildings will activate the street frontages and a new public plaza. This triangular-shaped plaza space — a public space element passed down from the original concept — will be achieved by repurposing a 70-ft-long segment of East 15th Avenue and median that parallels Kingsway. 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) 2025 concept of 602-644 Kingsway and 603-617 East 16th Ave., Vancouver. (Perkins&Will/Bonnis Properties) The floor plates of both towers rising above the podium are curved to strategically place the structural columns along the perimeter of the floor plates, which serves to optimize the views from the residential units and enable a more efficient unit layout. The exterior design is defined by a 40-60 window-to-wall ratio, with protruding balconies protected by steel picket guard railings. Four underground levels at the north tower site will accommodate 141 vehicle parking stalls, while two underground levels at the south tower site will provide over 600 secured bike parking spaces. Altogether, the project will generate a total floor building floor area of over 257,000 sq. ft., establishing a floor area ratio density of a floor area that is 8.5 times larger than the size of the lot. The site is well served by frequent bus routes along Kingsway, Fraser Street, and Main Street, and about a 15-minute walk from SkyTrain’s future Mount Pleasant Station (intersection of Main Street and East Broadway). Under the Broadway Plan, high-rise tower developments are generally

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Vancouver falls down the list of top cities in the world for 2025

Bymichael

Vancouver is known around the world thanks to top attractions like the Honda Celebration of Light and award-winning dining spots. However, a new ranking has revealed the city is slipping a bit compared to its peers. The Oxford Economics Global Cities Index has released its report for 2025, which is a holistic ranking of the 1,000 cities included in its Global Cities Forecasting Service. Cities are scored across five categories to achieve a well-rounded comparison of locations. The five categories are Economics, Human Capital, Quality of Life, Environment, and Governance. Vancouver has made the list once again this year; however, it has slipped a few spots down the newest global ranking. Kenneth Chan/Daily Hive Vancouver came in 20th place last year, ranking 35th in economics, 33rd in human capital, 78th in quality of life, 149th in environment, and 52nd in governance. In 2025, Vancouver dropped 17 places to land in 37th place, with rankings dipping in three categories: 53rd in economics, 52nd in human capital, and 186th in quality of life. However, the city’s score jumped in two categories: it ranked 61st in environment and 27th in governance. “Arguably one of the most picturesque cities in the world, it is no surprise that Vancouver is such an attractive location for many Canadians and international migrants,” wrote Oxford Economics Global Cities Index in its report. “For those who can handle the steep housing costs, there are few other cities that can match Vancouver’s economic strength and human capital.” Charles HHuang/Shutterstock The Global Cities Index covers the 1,000 largest cities in the world, which are located in 163 different countries, including 103 cities in Canada. Toronto ranked as the highest city in Canada on the list at #20, with Montreal coming in at #43, and Ottawa-Gatineau at #88. Calgary landed in #50 and Edmonton settled even further down on the list, coming in at #131. You can check out the full ranking online. With files from Laine Mitchell

The Process for Estate Sales in BC
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The Process for Estate Sales in BC

ByStan S.

Estate sales in British Columbia generally involve the sale of a deceased person’s property, usually handled by the estate executor named in the will or appointed by the court if no will exists. The process can vary depending on whether the deceased left a will and the type of assets involved, but generally follows several…

Foreclosures in BC – Everything You Need to Know
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Foreclosures in BC – Everything You Need to Know

ByStan S.

Some of my clients have been asking me if I have been seeing more foreclosures in our market place. Some have also been curious as to what I think about foreclosures as a vehicle to potentially buy property for less than market value. To better engage in this conversation I feel that it is important…

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Vancouver aiming to grow urban forest canopy but don’t expect the promised 100,000 new trees soon

ByDan Fumano

Article content Vancouver’s “greenest” city plan, approved in 2011 by the city’s then Vision-Vancouver-majority government, set a target of planting 150,000 trees by 2020. According to a 2020 city presentation, 139,000 trees were planted by that deadline — an average of almost 13,900 a year, far more than the recent pace. Article content Vancouver staff said Wednesday that the city’s focus will be not on the number of trees planted, or the number added, but on the percentage of the city’s land mass protected by tree canopy. Article content ABC Coun. Sarah Kirby-Yung said she understands the shift to focus on canopy percentage over tree numbers. But she asked staff whether the target of 30 per cent could be higher, or it could be achieved sooner than 2050, considering that canopy cover increased from 21 per cent in 2013 to 25 per cent in 2022. Article content Joe McLeod, Vancouver’s associate director of urban forestry, responded: “I think the last five per cent of this goal is going to be a lot harder.” Article content Article content “The cream has been skimmed off the top, so to speak,” McLeod said. “During the ‘greenest city’ decade, from 2010 to 2020, all the easiest, least inexpensive tree-planting spots were capitalized upon. And now we’re getting into the harder-to-reach areas. … It’s going to be trickier.” Article content Also, the city wants to prioritize adding trees to areas where the need is greatest. Article content During Vancouver’s June 2021 heat wave, vulnerable people living in areas with less forest canopy were at higher risk of death from heat-related illness, this week’s staff report says. Article content The report includes maps that reveal a stark divide between Vancouver’s cooler and leafier — and traditionally more affluent — west side, and the historically lower-income east side, which is hotter and has fewer trees — especially in and around the Downtown Eastside. Article content Tree planting by the City of Vancouver along East Hastings in one of the areas of Vancouver with the smallest tree canopy. Photo by City of Vancouver Article content A similar pattern plays out across the region. A 2021 analysis by Postmedia journalist Nathan Griffiths found that wealthier neighbourhoods were significantly cooler than their lower-income neighbours who were surrounded by more concrete and roads, and fewer trees. Article content Article content It can be more difficult — and expensive — to plant trees in these “very urbanized environments,” McLeod told council. Article content Removing pavement and excavating to create a new tree pit can cost as much as $20,000, he said. Article content “It is a costly endeavour, but it improves the public realm and obviously provides great benefits to the community.” Article content He cited the 700-block of East Hastings as an example where the city has recently been able to add several new trees to a tree-deficient area. Article content ABC Coun. Mike Klassen proposed directing staff to explore innovative ways to reduce urban heat islands in neighbourhoods with less tree canopy cover, including areas where it is challenging to grow trees. Article content Klassen’s proposal, which council supported, mentioned the example of “vegetated shade structures.” These are roughly four-metre-long sail-shaped awnings covered in vegetation, which are designed by a Spanish company and have been installed above urban streetscapes in Spain, England and Turkey. Article content Asked whether ABC’s 100,000-tree campaign promise was unrealistic, Klassen said: “I’ll never apologize for being ambitious.” Article content “I think all innovative solutions have to be brought to bear,” he said. “What’s our goal? Our goal is to create cooler conditions in the face of a changing climate, and we’re using whatever tools are at our disposal to achieve that.” Article content Article content Article content

translink-to-extend-north-shore-rapidbus-route-to-metrotown-starting-in-2027
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TransLink to extend North Shore RapidBus route to Metrotown starting in 2027

ByKenneth Chan

Currently, the R2 Marine Drive RapidBus is a west-east route serving the North Shore, running between Park Royal in West Vancouver and Phibbs bus exchange in the District of North Vancouver, with a key connection to the SeaBus terminal and Lonsdale bus exchange. Starting in 2027, TransLink will extend the R2 RapidBus from its existing easternmost terminus of Phibbs bus exchange to Burnaby. Its route will be extended southward, across the Ironworkers Memorial Bridge to provide transfer opportunities with two SkyTrain stations — Brentwood Town Centre Station on the Millennium Line and Metrotown Station, the RapidBus route’s new southern terminus, on the Expo Line. It will also connect with the R5 Hastings Street RapidBus, and provide a new way to reach the BCIT Burnaby campus. This expansion of the R2 service was made possible by a key decision earlier this month, following the endorsement by TransLink’s board and the Mayors’ Council of new measures to increase fares, parking taxes, and property taxes. These changes aim not only to avoid service cuts — offering an interim solution to the transit authority’s fiscal cliff — but also to expand and enhance transit services. In addition to the new revenue raised by TransLink, the provincial government has also committed to providing new interim operating funding of $312 million through 2027. Based on TransLink’s newly released ridership statistics, the existing R2 running between Park Royal and Phibbs bus exchange recorded 1.944 million boardings in 2024, with averages of 5,700 per weekday, 5,000 per Saturday, and 4,000 per Sunday/holiday. This is slightly down from 1.965 million in 2023, with averages of 5,800 per weekday, 5,050 per Saturday, and 4,100 per Sunday/holiday. Currently, the R2 is TransLink’s 42nd busiest bus route out of 195 across Metro Vancouver, and ranks fifth out of the six RapidBus routes. While the precise extended R2 route has yet to be finalized, after making its bridge crossing, the extended RapidBus is expected to run along Hastings Street to reach Willingdon Avenue for the remaining journey to Metrotown. There is already strong ridership demand on the corridor between Phibbs bus exchange and Metrotown via Ironworkers Memorial Bridge, Hastings Street, and Willingdon Avenue. In 2024, the No. 130 Metrotown Station/Phibbs Exchange bus route was TransLink’s 20th busiest, with 3.256 million annual boardings — averaging 10,200 on weekdays, 7,000 on Saturdays, and 5,200 on Sundays/holidays. This is up from 2023, when the route saw 3.181 million boardings, with daily averages of 10,000 on weekdays, 7,100 on Saturdays, and 5,300 on Sundays/holidays. The No. 222 Metrotown Station/Phibbs Exchange — the express bus equivalent of the No. 130, running on the same route with limited stops during peak hours only — recorded about 950,000 annual boardings in 2024, with averages of 3,800 per weekday. This is up from 912,000 in 2023 and 668,000 in 2022. Currently, it is TransLink’s 80th busiest bus route. During optimal traffic conditions without any issues on the bridge crossing, the end-to-end travel times for the No. 130 and No. 222 are currently about 35 minutes and 45 minutes, respectively, during peak hours. Similarly, the end-to-end travel time on the existing R2 within the North Shore is roughly 40 minutes. The funding decision earlier this month also enables TransLink to conduct detailed design and planning work to launch three new Bus Rapid Transit (BRT) lines. An initial public consultation for the King George Boulevard BRT and Langley-Haney Place BRT was conducted in early 2025. In Summer 2025, TransLink will launch a separate initial public consultation on upgrading the R2 RapidBus to a Bus Rapid Transit (BRT) standard, including an opportunity for input for the interim move of extending this RapidBus route to Metrotown. The proposed BRT standard includes dedicated bus-only lanes, traffic signal priority, and other transit-priority measures, along with enhanced passenger amenities such as specialized shelters resembling those found at Light Rail Transit stations. Another public consultation in Fall 2025 will focus on the road design changes to support the King George Boulevard BRT and Langley-Haney Place BRT. TransLink is also expected to consider longer-term rapid transit solutions such as Light Rail Transit and SkyTrain for the route between the North Shore and Metrotown. To better support the R2 RapidBus/BRT and other new and improved bus services, TransLink is also in the process of considering a major expansion and redesign of the bus exchange at Metrotown Station to “potentially increase bus service capacity as our system expands in the coming years.”

Rent-to-Own
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Rent-to-Own: Can This Alternative Path Help You Buy a Home?

ByStan S.

Struggling to Qualify for a Mortgage? You’re Not Alone Buying a home isn’t always easy—especially if your credit score needs improvement, you’re self-employed with fluctuating income, or you haven’t saved enough for a down payment. Traditional mortgage lenders often have strict requirements, making homeownership feel out of reach for many. But what if there was…