Is Surrey Among the Most Affordable Rental Markets?
Surrey is among the most affordable places to rent a 1-bedroom unit this November. 1-bedroom unfurnished rental price: $2K 2-bedroom unfurnished rental price: $2.5K
Bank of Canada Cautions BC Premier on Interest Rate Views
Concerns raised about potential impact of interest rate hikes on housing projects. Warning against elected officials' influence on central bank's independence. Debate on balancing central bank independence and accountability reignited […]
Rental Protection Fund Eyeing 25 Properties For Acquisition
The Rental Protection Fund aims to acquire 25 properties by November 2023 to safeguard renters from eviction and provide housing for those in need. Continue to full article
Late-Q3 Benchmark Price for Single-Family Homes in GVA
The Canada Home Price Benchmark Index for single-family houses has fallen for 3 consecutive months. The Home Price Benchmark Index for single-family houses in GVA ↓ 0.1% MoM in September. […]
B.C. approves short-term rental legislation without amendments from Opposition
The B.C. government has approved legislation that will regulate the short-term rental market across the province, with the new law coming into effect in 2024 and increasing fines for non-compliance. […]
Best Mortgage Rates In B.C. For November 2023
Nesto, Dominion Lending Centres, The Mortgage Centre, and Island Savings offer competitive mortgage refinancing rates. These rates are lower than the national average and standard bank rates. Island Savings mortgages […]
Greater Vancouver’s Sales and Prices: Q4 2023 and 2024 Outlook
Predicted number of sales in Q4 2023: 28K, ↓ 3.5% yearly Predicted number of sales in Q4 2024: 29K, ↑ 3.6% yearly Predicted avg price in Q4 2023: $1.27M, expected […]
Anticipated Surge: Home Prices in GTA and GVA on the Rise
Home prices in Canada are predicted to rise by the end of 2023, in part due to the BoC's high interest rates and low market supply.The Royal LePage national year-end […]
Housing Starts up in Canada, Supply Crisis Persists
Canada's largest metropolitan areas’ housing starts ↑ 1% in H1, driven by apartment construction ↑ 15%. Toronto and Vancouver led the way with 32% and 68% total housing starts growth, […]
Metro Vancouver development fee hikes set up potential federal showdown over housing cash
In October 2023, Metro Vancouver's board of directors approved an increase in development cost charges (DCCs) on construction to fund infrastructure upgrades. This plan was opposed by the federal Housing […]