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Home Buying
16 grants and rebates for homebuyers and owners
Tuesday, December 5, 2023
These programs, savings account, exemption, and tax credit will help lower the cost of buying a home. (3 minute read)
Home Ownership
4 things to know about heat pumps
Tuesday, November 28, 2023
Learn how heat pumps are an energy-efficient way of transferring heat in and out of a home. (3 minute read)
Home Buying
How rising mortgage rates affect insured mortgages
Thursday, November 23, 2023
Since June 22, 2022 chartered banks have repeatedly raised their posted mortgage rates in response to higher bond yields. (1 minute read)
Home Buying
CMHC tightens lending standards, making homes less affordable
Monday, November 20, 2023
Since July 1, 2020, it has become increasingly more difficult for first-time home buyers to buy a home. (2 minute read)
Home Buying
A closer look at bank rates
Monday, November 20, 2023
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.
Home Buying
How mortgage stress test changes affects home buyers
Friday, November 17, 2023
Check how the stress test may affect you, with examples of buying an apartment, an attached home, and a detached home. (3 minute read)
Home Buying
Private insurers offer options
Thursday, November 2, 2023
Private insurers have not been required to follow CMHC's lead and tighten lending standards. (2 minute read)
Home Ownership
Financing your home
Wednesday, November 1, 2023
When you're looking to buy a home, it's important to understand the steps for getting a mortgage. (3 minute read)
Urban Planning
Vancouver allows up to eight units on single family lots
Monday, September 25, 2023
The change aims to address the housing crisis and simplify zoning regulations. (2 minute read)
Market Trends
Increased costs contribute to reduced sales, dollar values across commercial market
Monday, September 18, 2023
Slower activity marked the second quarter of the commercial real estate market in the Lower Mainland. (1 minute read)
Taxes
Will I have to pay capital gains when I sell my house?
Thursday, September 7, 2023
Read about the conditions required for paying capital gains, and what you need to do even if you don't have to pay. (2 minute read)
Taxes
Why do I have to pay property taxes on the house I’m buying?
Friday, September 1, 2023
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.
Home Buying
Choosing the right home starts with choosing the right REALTOR®
Wednesday, August 30, 2023
Buying or selling a home is a significant financial decision. That’s why it’s important to take your time to choose the right Realtor for you. (2 minute read)
Home Ownership
Taking care of your yard during a heat wave and drought
Monday, August 28, 2023
Here's how to make your lawn and garden look good when the weather isn't. (2 minute read)
Taxes
Empty Homes Tax put to good use – Vancouver creates affordable housing
Thursday, August 24, 2023
Affordable housing projects in Vancouver received grants worth over $8.7 million, partially from Vancouver’s EHT. (1 minute read)
Taxes
What you need to know about BC's Speculation and Vacancy Tax
Monday, August 21, 2023
Detailed information about BC's SVT and property exemptions. (4 minute read)
Home Ownership
Home ownership – BC legislative committee listens to and quotes REBGV
Monday, August 21, 2023
A new budget report cited REBGV’s three recommendations on how to clear a path to home ownership. (3 minute read)
Home Ownership
Asbestos remediation – new certification required for contractors
Tuesday, July 18, 2023
Home owners looking to renovate older homes will need to ensure their contractors are certified. (2 minute read)
Home Buying
Lower Mainland REALTORS® to enhance transparency for buyers involved in a multiple offer situation
Thursday, July 6, 2023
Home buyers in a multiple offer situation will soon receive additional information about other competing offers.
Taxes
Putting Property Transfer Tax revenue to work
Tuesday, June 27, 2023
Our recommendations to the provincial government on how the PTT can be used to help build more affordable homes. (2 minute read)
Urban Planning
What well-designed density looks like: Southlands in Tsawwassen
Monday, June 19, 2023
This area demonstrates a new model of well-designed density through innovative practices. (2 minute read)
Taxes
BC speculation and vacancy tax expanded to Lions Bay, Squamish
Monday, June 12, 2023
Home owners in these newly taxable areas will need to declare in 2024. (2 minute read)
Urban Planning
BC government identifies 47 municipalities that must densify
Friday, June 9, 2023
The identified municipalities must address local barriers to construction and update zoning bylaws. (2 minute read)
Taxes
Property taxes 101
Monday, June 5, 2023
Save money on your prooperty taxes with the Home Owner Grant. The threshold has recently increased. (3 minute read)
Urban Planning
Disaster funding for flooding makes local communities safer
Thursday, May 11, 2023
Learn more about initiatives to mitigate flood damage and assess flood risks around Greater Vancouver. (3 minute read)
Home Ownership
6 bathroom renovation mistakes to avoid
Monday, May 8, 2023
Avoid costly mistakes for a worry-free bathroom reno. (2 minute read)
Working with a REALTOR®
What’s the Disclosure form that REALTORS® are asking you to sign?
Friday, April 28, 2023
When buying or selling a home, Realtors have to inform you, up front, about your representation options. This is what the DORTS form is for. (3 minute read)
Home Ownership
Get your outdoor living room ready for spring and summer fun
Tuesday, April 25, 2023
Tips to make your outdoor space a naturally inviting part of your home. (2 minute read)
Home Selling
Can I cancel a listing contract, a buyer agency or an exclusive?
Tuesday, April 18, 2023
Contracts can only be cancelled with the mutual consent of the parties involved. (3 minute read)
Home Ownership
Heating your home with oil? Get up to $10K for a new heat pump
Friday, April 14, 2023
The federal government is offering up to $10K for low- and median-income homeowners to install an energy-efficient heat pump. (1 minute read)
Home Ownership
Know the rules when insuring secondary suites
Monday, April 3, 2023
Having insurance coverage is vital. There’s a misconception among home owners that their existing policy will cover a suite. It doesn’t.
Home Ownership
Canada amends foreign buyer ban regulations
Friday, March 31, 2023
The federal government amended its foreign buyer ban regulations, allowing more flexibility. (3 minute read)
Home Buying
What is an Offer to Purchase?
Wednesday, March 29, 2023
When you decide to buy a property, your Realtor will prepare what is known as an Offer to Purchase.
Home Selling
How does a REALTOR® establish the selling price of my house?
Wednesday, March 8, 2023
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.
Home Buying
Use Realtylink.org to help find your next home
Wednesday, February 1, 2023
Search listings from the MLS® systems operated by the Greater Vancouver, Fraser Valley, Chilliwack, BC Northern, and Vancouver Island real estate boards.
Market Trends
Greater Vancouver Assessments up overall
Friday, January 6, 2023
Property assessment notices are sent in the first week of the year, and have increased for some property types. (3 minute read)
Home Ownership
How to prepare your lawn for winter
Wednesday, September 28, 2022
Follow these tips for a healthy lawn next summer! (2 minute read)
Market Trends
Lower Mainland’s commercial real estate sees fewer transactions in Q2
Thursday, September 15, 2022
Activity in the commercial real estate market edged down from the brisker pace experienced at the start of the year. (2 minute read)
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)
Home Ownership
Here are 9 ways to get ready for fall
Friday, September 9, 2022
Sure signs that fall is coming are shorter days and the start of school. Fall also means it’s time to begin preparing our homes for oncoming cooler weather.
Home Ownership
Home renos: plan for success
Monday, August 22, 2022
Your home reno can be less stressful if you plan wisely. Find out how! (3 minute read)
Urban Planning
Council passes Vancouver Plan
Tuesday, August 16, 2022
The plan promises new densification to accommodate 260,000 new residents and 210,000 new jobs. (1 minute read)
Home Ownership
Preparing for a flood
Monday, August 8, 2022
Many residents and businesses in the Lower Mainland are located in a floodplain - close to or beside local rivers, creeks, or coastlines.
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)
Home Ownership
Home security – 11 tips to protect your belongings
Friday, July 8, 2022
It’s summertime and the living is easy, especially for potential thieves.
Urban Planning
Broadway Plan approved: 30,000 new homes coming
Thursday, June 30, 2022
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)
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)
Home Ownership
It’s easy being green: here are 6 lawn alternatives
Monday, June 20, 2022
Lawn alternatives that help bees, save water, eliminate chaffer beetles, and more!
Home Ownership
PTT thresholds: REBGV makes housing affordability recommendations to province
Friday, June 17, 2022
REBGV made three recommendations for making home ownership more affordable during provincial consultations in June. (3 minute read)
Home Buying
BCFSA's recommendations for cooling-off period and other measures
Friday, May 27, 2022
Read what the BCFSA recommended to the provincial government on how to enact their proposed measures, including the cooling-off period. (5 minute read)
Home Buying
Questions for a mortgage broker: Interest rates, stress test, mortgage options
Wednesday, May 25, 2022
Check out what local mortgage broker Angela Calla said about what’s happening in the mortgage market today. (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)
Home Ownership
Vancouver increases Empty Homes Tax and double audits
Friday, April 29, 2022
Vancouver city council passed a motion to increase the Empty Homes Tax to five per cent. (1 minute read)
Home Buying
Here are 7 strata terms you should know
Wednesday, April 20, 2022
If you’re looking to own a strata home, make sure you’re familiar with related terminology. Here’s a guide to some of those terms.
Home Buying
What are the buying costs of a home?
Tuesday, April 12, 2022
If you’ve decided to buy a home, it’s important you understand all the costs involved in addition to the price you're paying for the property.
Home Buying
Housing was the focus in the 2022 federal budget
Friday, April 8, 2022
The Federal Budget 2022 was housing-focused, with a significant amount of funding going towards quickly creating new, and diverse housing. (5 minute read)
Home Buying
Finding the right strata property for you
Monday, April 4, 2022
If you plan to buy a strata property, check out the strata council minutes, contingency fund, and more.
Home Buying
BC government to amend Property Law Act to add cooling off period
Wednesday, March 30, 2022
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)
Home Buying
Three questions with mortgage expert Angela Calla
Thursday, March 24, 2022
Mortgage expert Angela Calla discusses trends, rate increases, and reverse mortgages. (2 minute read)
Home Buying
Liberal leader Kevin Falcon’s plans to make housing more affordable
Wednesday, March 23, 2022
Kevin Falcon plans to address zoning, red tape, and taxes he believes contribute to higher housing costs. (4 minute read)
Home Buying
What are the tax implications of buying a vacation home?
Monday, March 21, 2022
Before buying a vacation property, be aware of tax implications and other vital considerations. (4 minute read)
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)
Home Ownership
3 easy ways to help keep your home green clean
Monday, February 28, 2022
Keeping a green-clean home is not only better for the environment, it can be better for your health and your wallet. (2 minute read)
Home Ownership
Get your home ready for spring using these simple steps
Monday, February 28, 2022
Spring is a time of renewal for both you and your home. As you emerge from your winter cocoon, you’ll want to start the spring repairs and updates your home requires.
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)
Urban Planning
Fee simple row houses offer gentle, more affordable density
Tuesday, February 15, 2022
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)
Urban Planning
Vancouver pilot program to permit six units on a detached lot
Monday, February 14, 2022
The City of Vancouver is starting a pilot program to streamline densification on single-family lots. (3 minute read)
Home Buying
How to get a mortgage when you’re self-employed
Tuesday, December 21, 2021
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.
Home Buying
Federal Throne Speech promises help for homebuyers
Wednesday, December 8, 2021
Read about the new programs the federal government has proposed to help first-time home buyers.
Urban Planning
Redevelopment plan for False Creek South headed to Council
Monday, October 25, 2021
The City of Vancouver’s real estate department has released a conceptual plan to redevelop city-owned land on False Creek.
Home Ownership
7 ways to get the most out of small living spaces
Wednesday, October 13, 2021
Small living spaces are a reality for more and more homeowners. But small spaces don’t have to mean small dreams.
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.
Home Buying
Millennials to drive housing demand
Tuesday, August 24, 2021
Millennial newcomers will help fill the expected 861,000 job openings in BC over the next decade (2019-2029), and most would like to own a home.
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.
Urban Planning
Two dwellings to be permitted on ALR farmland with conditions
Thursday, July 29, 2021
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.
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.
Home Buying
Can you explain sellers’ and buyers’ contractual obligations?
Wednesday, July 14, 2021
Buyers and sellers with signed contracts that are legally binding have many contractual obligations. Here are a few examples.
Home Ownership
Federal government offers home owners $5,600 to make homes energy efficient
Thursday, June 17, 2021
Here's how to apply for one of the $5,000 grants offered by the federal government.
Home Ownership
What’s a reverse mortgage?
Thursday, June 10, 2021
How can older home owners cover their expenses without selling their home?
Home Ownership
Resolving strata disputes
Wednesday, June 9, 2021
Strata corporations, strata owners, residents and strata council members can access online services through the BC Civil Resolution Tribunal to resolve solve disputes.
Home Ownership
Stratas: Maintenance fees and special levies
Thursday, May 20, 2021
What are maintenance fees and special levies for stratas and how are they determined?
Home Buying
Home buyers: 5 tips to prepare for a busy market
Friday, May 14, 2021
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.
Home Buying
Q&A with REBGV Chair Taylor Biggar: Tips for home buyers in today’s hectic housing market?
Thursday, April 29, 2021
Here's what hopeful home buyers need to know to successfully navigate Metro Vancouver’s hectic housing market.
Home Ownership
What's a non-conforming strata? What you need to know to avoid headaches
Wednesday, April 28, 2021
If you’ve heard the term “non-conforming strata” before, there’s something you should know: There’s no such thing. Find out why.
Market Trends
Regulators advise home buyers, sellers to understand potential risks of a busy market
Friday, April 16, 2021
In an active market, seeking professional advice from a Realtor is more important than ever.
Home Ownership
Are BC home owners protected against title fraud?
Thursday, April 8, 2021
Two rare fraud attempts highlight protection for home owners.
Taxes
What are the tax implications of building a laneway house?
Thursday, April 8, 2021
Before building a laneway home or buying a property with one, you should understand the tax implications of doing so.
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.
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.
Home Ownership
Eight ways you can prepare for a disaster
Monday, February 22, 2021
Natural disasters can strike at any time. Earthquakes, floods, and fires can spring up quickly and endanger homes and businesses. What can you do to prepare?
Home Buying
Buying or selling a home? Here are 4 trends you can expect in today's market
Wednesday, February 17, 2021
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.
Home Ownership
Aging in place: Top tips on how you can adapt your home
Friday, February 12, 2021
Whether you’re looking for your ‘forever’ home or already live there, adjusting its design will help make your life easier and safer.
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.