A slew of new condo buildings will open in Vancouver this fall, with the first wave of developments due to open in 2018.
But before we go any further, a quick primer on what’s in store for the west and how we got here: Vancouver is in the midst of a housing shortage.
The province estimates there are 4.3 million households living in the city, with more than 200,000 people living in single-family housing.
The average price of a single-bedroom apartment in Vancouver is $1,400, while the average price for a three-bedroom home is $2,500.
The city’s population is growing rapidly, and in order to maintain a steady flow of new housing supply, the city has been increasing its rental rates.
But the city’s rental market is also undergoing a change: In recent years, a glut of rental apartments has led to more than 100,000 units of new construction being completed, according to the city.
This means there are currently a lot more rental units than there are available rental homes.
This, in turn, has led many people to seek out a detached home for a bit of extra cash.
So far, Vancouver has approved 1,096 detached homes and condos in the last five years, and the number is expected to rise in the coming years.
The new condos are expected to include a lot of amenities: They’ll include communal bathrooms, heated kitchens, and outdoor seating, plus a large pool and spa, among other amenities.
In fact, the number of new condos expected to open is so large that developers are working on adding additional amenities to attract more tenants.
While it may seem like a big deal to be building new condos on the east coast, Vancouverites are also being forced to live with a high cost of living.
That’s because in the past few years, the province’s rental housing stock has been cut by more than 60 per cent.
That means that many of the new condos will have higher rents, and many people will have to pay more for housing.
This trend has also led some people to take advantage of a government program called the City Housing Program.
The program gives new units to low-income residents in Vancouver and offers them up to $150,000 in tax breaks to buy the same apartment.
This allows people to save money and afford the rent while also benefiting the city financially.
But as the rental housing shortage continues to worsen, developers are looking for more ways to get more money for their projects.
One such way is to build condos on Vancouver’s east side.
For many years, developers have been building condos on land that was originally slated for residential development.
Now, however, they’re building condos instead, with developers wanting to add amenities to the buildings, including a pool and gymnasium.
Some of the condo towers will be on the waterfront, and some will also include an outdoor swimming pool and the ability to rent out their apartments for events.
While the condos will not be as fancy as the luxury condos currently being built on the city streets, they will be designed with more in mind for the neighbourhood they’re in.
The plans are also designed to make it easier for developers to get government support.
For example, the developers want to use existing land in the neighbourhood, which has been a magnet for illegal drug dealers, and replace it with a large public park and parklands.
“We think the city is trying to take control of this property, and we want to give them control of the parkland so that we can create a more peaceful environment for everyone,” said Mike Schoen, vice president of planning for developer RBC Group, in an interview with CBC Vancouver.
“In the past, when people were out on the streets, it was a bit dangerous, and you would have people running around with guns.
It’s not the same now.
There are more people walking around, they have more amenities and you can be more involved in it.”
While condos may not be the most glamorous way to live in Vancouver, it’s still a viable option for those who can’t afford to live on the street.
As we’ve previously noted, the new condo boom has been accompanied by a huge influx of new residential units, and it’s expected that the total number of rental units will reach more than 2.8 million by 2020.
As condos continue to grow in the region, more people will need to rent them out.
As new condos start to come online, they’ll need to be more affordable.
In order to do that, developers will need more space to build out the apartments.
In a city with a population of more than 20 million, that means condos should be around 30 per cent smaller than they are now.
But there’s no guarantee that this will happen.
One of the reasons condos are so expensive is that the developers need to pay for parking and upkeep on the property.
This is a huge expense for a developer who is only able to pay around $100,000 per