Greater Vancouver Sees Increase in Listings and Home Prices
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 […]
New rules for short-term rentals – Province of British Columbia
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 […]
Legislation introduced to rein in short-term rentals, deliver more homes for people
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 […]
BC Poised to Handle Possible Rate-Hikes
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 […]
BC 2024 Rent Cap: 3.5%
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 […]
Province to limit short-term rentals in some B.C. communities, but not all
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 […]
BC Renters Pay More Despite Getting Fewer Amenities Included
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 […]
Bond yields surge to new heights, mortgage rates expected to jump another 20 bps
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 […]
Half of Canada’s Young Adults Gave Up On Homeownership: Mortgage Pros
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 […]
Suburban Shift in Canadian Commercial Market
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.