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Home Selling
Historical home sale prices in Metro Vancouver are now available on REALTOR.ca
Tuesday, September 13, 2022
You can now find historical home sale prices on REALTOR.ca for homes actively listed for sale. (2 minute read)
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)
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)
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)
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.
Legislation & Regulations
REBGV makes three recommendations to BC government to help make homes more affordable
Thursday, October 14, 2021
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.
Legislation & Regulations
Federal government plans unused housing tax
Friday, September 24, 2021
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.
Market Trends
How many Metro Vancouver properties are purchased by foreign buyers?
Wednesday, September 1, 2021
Check out the impact on Metro Vancouver's real estate market.
Market Trends
What's the difference between a buyer's and seller's market?
Tuesday, August 31, 2021
Several factors influence the housing market which then influences supply and demand.
Market Trends
REBGV economist discusses the market, COVID-19's effects, and the state of the recovery
Friday, August 13, 2021
Keith Stewart, REBGV economist, highlights the market effects of the COVID-19 pandemic in Metro Vancouver.
Market Trends
Home sales and new listings on par with historic average
Monday, July 26, 2021
While still firmly in seller's market conditions, home sale and listing activity has eased from the record-setting pace of the spring.
Legislation & Regulations
How will the new mortgage stress test rules impact Metro Vancouver real estate?
Tuesday, June 1, 2021
The new rules will dampen mortgage credit growth, but should have a modest effect on home sales and prices in the region going forward.
Legislation & Regulations
Speculation and vacancy tax relief for non-existent homes
Wednesday, May 26, 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.
Market Trends
Real estate regulators advise home buyers and sellers to do research, seek advice from their REALTOR® to understand the potential risks of buying in a busy market
Friday, April 16, 2021
In an active market, seeking professional advice from a Realtor is more important than ever.
Legislation & Regulations
The Land Owner Transparency Registry – what you need to know
Wednesday, March 24, 2021
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.
Market Trends
Largest year-over-year price increases
Tuesday, March 23, 2021
The five areas in our region with the largest year-over-year price increases might surprise you.
Fact Sheets
Cannabis fact sheet
Monday, March 22, 2021
Cannabis is regulated at the federal, provincial, and municipal levels. Here’s a summary of how it’s dealt with in Greater Vancouver municipalities.
Legislation & Regulations
Rent freeze extended; renovictions, disputes addressed in proposed legislation
Tuesday, March 16, 2021
Check the details of the BC government's proposed legislation to extend the residential rent freeze, and other related items.
Market Trends
Buying or selling in a busy market? Here’s how you can make the transaction easier
Tuesday, March 9, 2021
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.
Legislation & Regulations
Time to complete your speculation and vacancy tax declaration
Friday, January 22, 2021
Residential property owners in communities where the speculation and vacancy tax applies will soon receive their declaration package.
Market Trends
What Metro Vancouver's strong housing market looked like in 2020
Tuesday, January 19, 2021
This is what Metro Vancouver's strong housing market looked like in 2020.
Market Trends
Metro Vancouver real estate generated $2.1 billion for BC's economy in 2020
Thursday, January 14, 2021
Economic spin-off activity and creating an estimated 14,728 jobs resulted from real estate sales in 2020.
Home Selling
How does a REALTOR® establish the selling price of my house?
Friday, January 8, 2021
To attract buyers and ensure you receive a price that works best for you, your Realtor will help establish your home’s current market value.
Market Trends
How did COVID-19 affect Metro Vancouver home buyer demand in 2020?
Thursday, December 17, 2020
Demand is typically seasonal in the metro Vancouver housing market. Activity tends to peak in the spring and fall.
Legislation & Regulations
Vancouver’s Empty Homes Tax increases to three per cent
Thursday, December 10, 2020
Mayor Kennedy Stewart has followed through on a 2018 election campaign promise and has tripled the Empty Homes Tax rate to three per cent.
Legislation & Regulations
BC's Land Owner Transparency Registry now in force: what you need to know
Wednesday, December 2, 2020
When a title change is registered in the land titles office, the transferee must file a transparency declaration disclosing interest holders.
Home Selling
Can I cancel a listing contract, a buyer agency or an exclusive?
Thursday, November 12, 2020
Contracts can only be cancelled with the mutual consent of the parties involved.
Legislation & Regulations
Vancouver council passes motion to end "no pets" rental rules
Monday, October 26, 2020
Vancouver city council passed a motion to end “no pet” restrictions in rental housing contracts on October 13, 2020.
Legislation & Regulations
Maximum allowable rent increase is 1.4 per cent for 2021
Monday, September 21, 2020
BC landlords can raise rental apartment rents a maximum of 1.4 per cent as of January 2021 according to new rules set by the province.