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Real Estate News

Province confirms rental buildings to be exempt from luxury house tax

Province confirms rental buildings to be exempt from luxury house tax

Properties with four or more rental units will be exempt from the new school tax announced in B.C. Budget 2018

‘Dual agency’ real estate rules booted to June

The Office of the Superintendent of Real Estate (OSRE) has postponed introduction of controversial legislation regarding dual agency and disclosures in real estate transactions.
CIBC tightens mortgage rules for foreign buyers

CIBC tightens mortgage rules for foreign buyers

Foreign buyers now need to go through additional income verification when applying for mortgage
Door shut on help for first home purchase

Door shut on help for first home purchase

A short-lived and little-used loan program for first-time homebuyers in B.C. is coming to an end. Applications under the B.C. Home Owner Mortgage and Equity Partnership will be accepted until the end of March.
Vancouver's hot housing market gets tougher for wealthy Chinese

Vancouver's hot housing market gets tougher for wealthy Chinese

Vancouver, one of the hottest housing markets in North America, is getting a little tougher for wealthy Chinese buyers.
NDP taking housing affordability seriously with budget, says business prof

NDP taking housing affordability seriously with budget, says business prof

Urban Development Institute argues budget doesn’t address real problem
Foreign buyers tax coming to Victoria, Nanaimo, Fraser Valley and Okanagan

Foreign buyers tax coming to Victoria, Nanaimo, Fraser Valley and Okanagan

B.C.'s new package of tough measures takes aim at tax evaders who stash money in real estate, hide their ownership and speculate in the increasingly pricey market.
January’s BC home sales value up 37.4 per cent annually

January’s BC home sales value up 37.4 per cent annually

Real estate markets across the province saw a slower January, compared with the unusual pre-stress-test rush of buyers in December – but the home sales total was still much higher than this time last year, according to statistics released February 15
A driverless future may upend the time-tested real estate law: Location, location, location

A driverless future may upend the time-tested real estate law: Location, location, location

The link between property and transport has been perhaps the most durable in human history. Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to canals, railways to highways.
Once-hot Toronto housing hits deep freeze as lending rules bite

Once-hot Toronto housing hits deep freeze as lending rules bite

The only thing that might be colder than Toronto in January is the city's housing market.