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Are Empty Homes a New Phenomenon?

October 6, 2017 by Editor

Empty Home

There is lots of information buried in the Canada Census data. This chart shows that as the population of the Greater Vancouver area has steadily increased, so has the number of dwellings. That’s not surprising.

But what is interesting is that the number of “usually unoccupied” dwellings seems to have made a jump sometime between 2001 and 2006 – although it has remained relatively stable in the 10 years since then.

Vancouver CMA

 

1996

2001

2006

2011

2016

Population

 

1,831,665

1,986,965

2,116,581

2,313,328

2,463,431

 

Increase

   

8%

7%

9%

6%

Total Dwellings

 

Not available

786,277

870,992

949,565

1,027,613

Usually occupied Dwellings

692,960

758,710

817,033

891,336

960,894

% of unoccupied dwellings

 

3.5%

6.2%

6.1%

6.5%

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Filed Under: Real Estate Perspective

The News – and the Reality: Trends Affecting Real Estate

November 21, 2018

One of the most popular activities in the daily news cycle seems to be forecasting the future of real estate. And it’s not uncommon to see wildly opposing views on where the market is headed, and when it might get there. This month’s post explores the news — and the reality.

Read More

The Changing Market – What Does That Really Mean?

October 22, 2018

After several years where home sellers had a market advantage, now buyers have more selection, more time to make good decisions, and their dollar buys more house than it used to.

Read More

Great Opportunities for Trading Up or Down…If You Qualify

October 9, 2018

Talk to a mortgage broker if you plan to move. There is still a strong demand for housing especially in retirement and recreational properties.

Read More

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Shannon Realty

Suite 207 5740 Cambie St.,
Vancouver, BC. V5Z 3A6
1-604-649-6058

Email: jeff@shannonrealty.ca

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