What's behind Vancouver's condo market slowdown?

15-05-2025

Hasan Juma, a Realtor with Oakwyn Realty, says many condo sellers are struggling with what to do with newly-built units sitting empty in Vancouver. He tells BC Today host Michelle Eliot it started with a surge of investor purchases of presale condos circa 2021 that were eventually affected by increased rates and changes to short-term rental legislation.

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Which city-owned properties could be converted into supportive housing

CTV News

42 minutes ago

CTV News

Which city-owned properties could be converted into supportive housing

A design rendering for a proposed supportive housing facility on Stella Avenue. (City of Winnipeg) The city is calling on Winnipeggers to weigh in on plans to convert five properties into supportive housing. The properties, which are all city-owned sites, are on Sherburn Street, Plessis Road, Stella Avenue, Poseidon Bay, and north McPhillips Street. ADVERTISEMENT If converted, the sites would offer safe, stables homes with wrap-around health, wellness and safety services, the city said. Winnipeg supportive housing A potential design for a supportive housing complex on Plessis Road with 20 to 25 units, greens pace and parkland. (City of Winnipeg 'Supportive housing is a proven, effective tool in reducing homelessness, with long-term benefits for residents and neighbourhoods,' Mayor Scott Gillingham said in a news release. The supportive housing project is the first phase of the city's plan to provide city land for supportive housing in a push to combat homelessness. The city is responsible for deciding on the land, rezoning it, and then handing it over to non-profit organizations, which will be tasked with developing and operating the sites. Winnipeg supportive housing A design rendering for a proposed supportive housing property on Sherburn Street. According to the city, it would house 15 to 20 units. (City of Winnipeg) The homes will be used by people at 'key life stages,' the city added, including refugees and refugee claimants, people leaving hospitals, youth exiting care, people transitioning from encampments, those at risk of gender-based violence and people with mental health needs. Winnipeggers are invited to learn more about the sites and upcoming rezoning at three open houses from Sept. 2 to 4. A public hearing is also scheduled for Sept. 12. Details can be found on the city's website.