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Legislation & Regulations
BC government introduces “cooling off” period for home sales
Tuesday, August 9, 2022
Starting January 1, 2023, home buyers can back out of a residential purchase up to three business days after signing a contract. (3 minute read)
Market Trends
CMHC estimates 3.5 million new affordable homes needed
Tuesday, July 19, 2022
A CMHC report estimates BC needs 3.5 million new homes by 2030 to make homes affordable, 1.2 million short of current projections. (2 minute read)
Market Trends
Lower Mainland’s commercial real estate market begins 2022 with steady sales and higher prices
Thursday, June 23, 2022
A steady start to the 2022 commercial real estate market. (2 minute read)
Taxes
Property taxes 101
Friday, June 3, 2022
Property tax notices are sent to home owners and businesses in June and are due the first or second business day in July, depending on the municipality.
Market Trends
MLS® Home Price Index updated to better reflect current housing trends
Wednesday, June 1, 2022
The MLS® HPI was updated to better reflect what a typical home looks like in a community. (3 minute read)
Community
Metro Vancouver REALTORS® honoured for rapid response during BC's flooding disaster
Wednesday, June 1, 2022
REALTORS® Ron Basra and Phil Moore received the 2021 REALTORS Care® Award for providing much needed aid under difficult conditions during the 2021 BC floods. (2 minute read)
Community
Richmond REALTOR® receives REBGV’s highest honour for professionalism
Wednesday, June 1, 2022
REBGV honoured REALTOR® K. Scott Russell with the 2021 Professional Excellence Award for his mentorship and contributions to organized real estate over his long career. (3 minute read)
Market Trends
CMHC report finds lack of supply main cause of unaffordable housing
Friday, May 13, 2022
A recent CMHC report determined housing supply is the main factor behind unaffordability in Canada. (1 minute read)
Legislation & Regulations
BC REALTORS® offer 30 policy recommendations to province to improve BC real estate
Thursday, March 31, 2022
The BC Real Estate Association, with support of BC’s real estate boards, has 30 policy recommendations for the provincial government.
Market Trends
What does first quarter activity say about Metro Vancouver’s housing market in 2022?
Thursday, March 3, 2022
REBGV Economist Keith Stewart projects what home sale, listing, and price activity you can expect in 2022. (1 minute read)
Legislation & Regulations
What’s in BC Budget 2022 for homebuyers and owners?
Tuesday, February 22, 2022
BC Budget 2022 was released on February 22, 2022 with a focus on funding for climate change, infrastructure, and homelessness. (2 minute read)
Taxes
No SVT exemption for owners of vacant stratas
Friday, February 18, 2022
Owners of strata property in buildings with rental restrictions are no longer exempt from the BC Speculation and Vacancy Tax. (1 minute read)
Legislation & Regulations
Metro Vancouver regulates wood burning fireplaces and stoves
Monday, February 14, 2022
Metro Vancouver is regulating wood burning fireplaces and stoves to reduce pollution. Find out how this could affect you. (3 minute read)
Market Trends
Greater Vancouver assessments up overall in 2022
Friday, January 7, 2022
See where assessments increased the most in Metro Vancouver, and check yours at the same time.
Legislation & Regulations
How many homes paid BC Vacancy and Speculation Tax in your community?
Friday, December 10, 2021
Read how much tax was generated from this tax in Greater Vancouver municipalities.
Community
REALTORS® raise over $134,000 for BC disaster relief during the 27th annual REALTORS Care® Blanket Drive
Friday, December 3, 2021
Realtors across the Lower Mainland raised over $134,000 for disaster relief and collected warm clothing and blankets for those in need.
Community
Lower Mainland REALTORS® act quickly to aid flood victims
Wednesday, November 24, 2021
REALTORS® are closely involved with their communities. Find out how they helped during BC's flood disaster.
Community
Greater Vancouver and Fraser Valley real estate boards donate $20,000 to support Red Cross disaster relief efforts
Tuesday, November 23, 2021
BC hasn't seen a disaster on this level before. We had to help.