In a decision that could set a significant precedent for rental markets in British Columbia, the Residential Tenancy Branch (RTB) approved a landlord’s request to increase rent by 23.5% over two years at a fourplex property. The ruling has…
A recent Statistics Canada (StatCan) report reveals that short-term rentals, which could be repurposed as long-term housing, make up only a small fraction of the total housing stock in British Columbia. Despite efforts to regulate these rentals, their impact on…
Metro Vancouver’s housing market is experiencing a surge in newly listed properties, with inventory rising nearly 20% year-over-year in July. Despite this increase, the number of transactions has not kept pace, highlighting a disconnect between supply and demand. According…
Metro Vancouver has just experienced the largest quarterly presale inventory release since mid-2022, according to a recent report by real estate sales and marketing firm MLA Canada. The second quarter of 2024 saw a significant influx of new units hitting…
The signs of distress are everywhere. Many of Vancouver’s priciest condos are being offered at big discounts. One downtown condo that was bought for almost $3 million is now on the market for $2.3 million. At the elite, funky…
VANCOUVER, BC – July 3, 2024– Home sales in Metro Vancouver registered on the MLS® remained below seasonal and historical averages in June. Reduced competition among buyers has led to an accumulation of inventory levels not seen since the spring…
Home sales in Metro Vancouver have declined in May, deviating from the typical seasonal trend. This slowdown has contributed to a continued rise in the number of homes available for sale, with over 13,000 properties now listed on the…
Canada’s tax regulator, the Canada Revenue Agency (CRA), has revealed a staggering $1.3 billion in unpaid taxes within British Columbia’s real estate sector. This discovery follows intensified audits and scrutiny over recent years, focusing on both personal transactions and professional…
Watch this video to learn about an easy strategy to save some money for repairs as a buyer. Most first-time buyers in Vancouver spend majority of their savings towards a downpayment and closing costs. Which leaves them with very little…
In the bustling landscape of Vancouver’s real estate sector, a troubling trend is emerging. Despite the ongoing efforts of policymakers to spur development and alleviate the strain on the city’s housing market, a significant obstacle remains: a lack of…
