REBGV reports a resurgence in homeowner interest and an increase in new listings in the Greater Vancouver area. In September 2023, there were 1.9K home sales, ↑ 13.2% yearly, but […]

In October 2023, the Province of British Columbia announced new rules for short-term rentals, such as Airbnb, to make the rental market fairer and more accessible for everyone. The rules […]

In October 2023, the Province of British Columbia introduced legislation to regulate the growing short-term rental market, which has been reducing the availability of affordable housing. The legislation aims to […]

The BC market is expected to remain strong despite possible future interest rate hikes. The term “potential rate hikes” refers to potential increases in the BOC's interest rates. The industry […]

The maximum allowable rent increase is 4%, the highest level since 2018. While also being set below the inflation rate of 5.4% for the second year in a row. The […]

The BC government has introduced legislation to limit short-term rentals in some areas of the province, with the goal of creating more housing for those in need. The legislation requires […]

British Columbia is one of Canada's most expensive rental markets. A recent Statistics Canada study revealed that 7 in 10 Canadian renters have water and municipal services included in their […]

Ron Butler of Butler Mortgage has declared that the recent surge in bond yields this week, with the Government of Canada 5-year bond yield jumping to an intraday high of […]

Suburban Surge: Office vacancies are decreasing in Metro Vancouver suburbs like Richmond, Surrey, and New Westminster. Downtown Decline: Downtown Vancouver sees increased vacancy rates, reaching 12.3% in Q2 2023.

The semi-annual State of The Housing Market survey conducted by Mortgage Pros Canada has revealed that Canadian renters are increasingly giving up on homeownership. Nearly half of non-homeowners surveyed do […]