Vancouver’s Affordable Home Ownership Pilot Program

Kristi Wong • April 28, 2016

You may have heard that the City of Vancouver was thinking of approving a pilot program to buy homes from developers and sell them at a discounted price to help moderate income earners become home owners. Well, the City approved the program last week! “The city will need approval from the province to amend the Vancouver Charter — […] The post Vancouver’s Affordable Home Ownership Pilot Program appeared first on Andy Schildhorn, PREC.

You may have heard that the City of Vancouver was thinking of approving a pilot program to buy homes from developers and sell them at a discounted price to help moderate income earners become home owners. Well, the City approved the program last week!

“The city will need approval from the province to amend the  Vancouver Charter  — the city’s provincial statute — to allow for the program.

The report says the process should take at least eight months.

… These are some preliminary criteria for prospective buyers:

  • Be a resident of Vancouver for the past five years.

  • At least one buyer must be employed.

  • Maximum household income for studio and one-bedroom units for singles and couples with no dependent children living at home, $67,540/year.

  • Maximum household income for two-or-more-bedroom units for single/dual parent families with dependent children living at home, $96,170/year.

  • Buyer must be the sole occupant, no renting allowed.”

Canadian first-time buyers are now among the oldest in the world

By Written by Steven Brennan Mortgage Industry News • December 5, 2025
A new global analysis suggests Canada’s major metros are among the hardest places on earth for young people to buy their first home, with Vancouver, Toronto and Montreal ranking near the bottom of a 70-city affordability index. The study, from UAE-based developer Bloom Holding, estimates the typical first-time buyer in Vancouver enters the market at age 46, while those in Toronto and Montreal reach homeownership at around 40 and 39, respectively. The findings echo a broader North American trend. In the United States, the median first-time buyer age has climbed to a record 40, according to the National Association of Realtors — up from 33 just a few years ago — as higher rates and decade-long price gains delay ownership for younger households.  👉 Read the Article Here

Six Seller Essentials ⚠️ Before You List

By Andy Schildhorn • December 4, 2025
Thinking about selling your home? In this video, I break down the Six Seller Essentials you need to know before you list. These insights come from 30 years of helping families buy and sell across Langley and the Fraser Valley, and they’ll give you a real advantage in today’s market. 📅 Book a time with me https://rly.forsale/Chat-with-Andy 🏡 What you’ll learn today 1️⃣ Why today’s market is slower than it looks 2️⃣ How smart pricing attracts serious buyers 3️⃣ Why a single offer can reveal more than you expect 4️⃣ How timing can protect or erode your equity 5️⃣ Why experience matters even more in a slower market 6️⃣ How to build a plan that fits today’s conditions 🎅 You’re invited to Santa Photos in Fort Langley Join us at 9160 Church Street between 1 and 5. Families, friends, and pets welcome. All donations support LAPS. 📍 About me I’m Andy Schildhorn with Macdonald Realty. Your Langley and Fraser Valley Realtor. 30 years helping sellers make smart, confident decisions. ☎️ Let’s connect Book a meeting: https://rly.forsale/Chat-with-Andy

Smooth Moves & Happy Endings

By Andy Schildhorn • December 3, 2025
Our experience having Andy as our realtor was very good! We sold our house with Andy, bought a condo , sold the condo and now bought a townhouse with Andy as our realtor. 👉 Full Review Here
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