Home buyers with less than a 20 per cent down payment applying for a high-ratio mortgage with a regulated financial institution are typically offered a contract mortgage interest rate.
Property taxes in BC are due the first business day after July 1. If you buy a home at another time, you may have to pay a share of the year to avoid a penalty.
The federal government’s ban on new foreign ownership of residential property becomes law on January 1, 2023. Here's what you need to know. (3 minute read)
Search listings from the MLS® systems operated by the Greater Vancouver, Fraser Valley, Chilliwack, BC Northern, and Vancouver Island real estate boards.
The approved Broadway plan will include a significant number of new homes, increase tenant protection, new space for more jobs, and more. (3 minute read)
Read what the BCFSA recommended to the provincial government on how to enact their proposed measures, including the cooling-off period. (5 minute read)
The Federal Budget 2022 was housing-focused, with a significant amount of funding going towards quickly creating new, and diverse housing. (5 minute read)
BC government introduced legislation to help create a cooling off period for buyers to back out of a purchase after signing the contract. (2 minute read)
There are many strata townhomes but very few fee-simple, individually owned row homes in Metro Vancouver. Why? And how can row homes help with affordability? (3 minute read)
To increase your chances of qualifying as a self-employed borrower, you’ll need to be familiar with what lenders require and what questions they’ll ask.
Metro Vancouver is facing a housing affordability crisis. Home prices continue to rise, and the inventory of homes for sale is insufficient to meet today’s demand.
Read about the federal government’s plans to implement a national, annual one-per-cent tax on non-resident, non-Canadian owned residential vacant or underused real estate.
Property owners in the Agricultural Land Reserve who meet certain conditions will be able to build a second permanent dwelling as of December 31, 2021.
The provincial speculation and vacancy tax applies to airspace above buildings classed as residential. The government will temporarily remove this tax for one year.
Before you begin home hunting, get prepared using these five simple steps to mitigate your risk so there are no unwanted surprises in one of the biggest financial decisions of your life.
To help stop the hidden ownership of real estate and prevent money laundering and tax evasion, the BC government has introduced legislation and an owner registry.
In a busy real estate market, homes are bought and sold at a faster pace than usual. This can create a sense of urgency that causes home prices to rise.
A combination of historically high demand, limited housing supply, and COVID-19 restrictions is changing the way buyers and sellers are operating in Metro Vancouver’s housing market.