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Real Estate News

Condo consultation: Have your say on strata governance reforms

If you’re a condo owner – especially those on strata councils – frustrated by current laws over how strata buildings are run, now’s your chance to be heard. The B.C.
’Twas ever thus? Metro Vancouver real estate headlines 30 years ago

’Twas ever thus? Metro Vancouver real estate headlines 30 years ago

It’s easy to think that the problems facing Vancouver’s housing market are relatively new. But if you take a look back at headlines from 20 or 30 years ago, you’ll see a different story.
B.C. home sales forecast to drop 8.6 per cent this year

B.C. home sales forecast to drop 8.6 per cent this year

Just because home sales are slowing and mortgage rates are climbing, you shouldn't expect any home price corrections, according to the latest forecast by the B.C. Real Estate Association (BCREA).
B.C. home owners fight 'speculation' tax with petition

B.C. home owners fight 'speculation' tax with petition

Home owners from within and outside of B.C. are rapidly signing up to a petition that is aims to fight the provincial government’s recently announced speculation tax.
RBC issues warning over foreign money in real estate

RBC issues warning over foreign money in real estate

Foreign money “distorting” the country’s biggest housing markets is bad for Canada, RBC’s CEO warned Tuesday.
Real estate industries made up fifth of Canada's GDP in 2017

Real estate industries made up fifth of Canada's GDP in 2017

Real estate, construction and related financial and insurance industries are together responsible for more than 20 per cent of Canada’s GDP in 2017, according to a quarterly report released by Statistics Canada March 2. Here in B.C.
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.