On Tuesday November 14th, city of Vancouver has approved regulations making AirBnB rentals legal to operate within city limits. Vancouver is the first major Canadian city to regulate short-term rentals. Starting April 2018 homeowner will have to become part of…
Here is a real estate update of Burnaby housing market for June 2017. We will look at detached market only. Condos and townhouses have their own market update in a separate blog post. We will only look at resale homes…
On January 17th 2017, CMHC mortgage insurance agency announced that their mortgage insurance premiums will be increasing starting March 17, 2017. Over the past 2 years we have seen a number of changes to the mortgage borrowing regulations. This CMHC…
Happy New Year, guys! In this article I will breakdown one bedroom condo market in Burnaby BC for the month of December 2016. The statistics only apply to condos and apartments in Burnaby (townhouses are excluded). The breakdown is for one…
Happy New Year guys! Here is a detailed breakdown of the housing market in Burnaby BC for December 2016. We will only focus on detached houses. New construction is excluded from this breakdown. Condos and townhouses are also excluded (Burnaby condo breakdown…
On December 15th 2016, Premier Christy Clark unveiled a new loan program for the first-time home buyers. This loan program will lend money to the first-time home buyers who cannot come up with the downpayment. The loan will be interest-free…
On December 15th 2016 Premier Christy Clark unveiled a new loan program to help first-time home buyers come up with their down payment. This program is designed to make it easier for the first-time home buyers to into the…
Here is a detailed breakdown of the Burnaby detached housing market for November 2016 and for the past 3 years. In this breakdown I will solely focus on detached houses in Burnaby South, Burnaby North and Burnaby East areas. We…
Vancouver to implement vacancy tax on empty homes and condos BC government has cleared the way for Vancouver to impose a vacancy tax on empty homes. Vancouver plans to impose the tax by early 2017. It will make it the first…
Can Federal Government solve Vancouver’s Housing ‘Crisis’? Our Prime Minister Justin Trudeau is in Vancouver. The Prime Minister has just announced a massive funding injection to the public transportation in the region. On Friday June 17, he will be attending…