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Home Buying
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
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)
Economics
Thursday, October 26, 2023
How do we actually know what property values are doing at any given point in time? (5 minute read)
Legislation & Regulations
Friday, October 6, 2023
If your clients are deferring their property taxes, interest rates and fees will increase the amount they owe. (2 minute read)
Economics
Wednesday, September 27, 2023
REBGV Director, economics and data analytics presented his updated market outlook to REALTORS® at an online event in September. (1:23:52 video)
Legislation & Regulations
Tuesday, September 26, 2023
The change aims to address the housing crisis and simplify zoning regulations. (2 minute read)
Legislation & Regulations
Monday, September 25, 2023
This policy is for projects beginning construction from Sept 14, 2023, to Dec 31, 2030, completing construction by Dec 31, 2035. (2 minute read)
Urban Planning
Monday, September 25, 2023
The change aims to address the housing crisis and simplify zoning regulations. (2 minute read)
Economics
Thursday, September 7, 2023
Our forecast checks market trends and economic factors to predict what the housing market will look like in the rest of 2023. (2 minute read)
Taxes
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
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
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)
Legislation & Regulations
Monday, August 28, 2023
Declining homeownership rates spark investment in purpose-built rentals as solution. (2 minute read)
Taxes
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
Monday, August 21, 2023
Detailed information about BC's SVT and property exemptions. (4 minute read)
Legislation & Regulations
Thursday, July 27, 2023
Sean Fraser is now the minister of housing, infrastructure, and communities. (2 minute read)
Legislation & Regulations
Tuesday, July 25, 2023
Read about the three tax-related recommendations REBGV made to the provincial government to ease housing. (3 minute read)
Home Buying
Thursday, July 6, 2023
Home buyers in a multiple offer situation will soon receive additional information about other competing offers.
Economics
Thursday, July 6, 2023
The property ladder is broken. In the latest Lede, Andrew Lis gives his take, and how it can be fixed. (9:33 video, 10 minute read)
Taxes
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
Monday, June 19, 2023
This area demonstrates a new model of well-designed density through innovative practices. (2 minute read)
Taxes
Monday, June 12, 2023
Home owners in these newly taxable areas will need to declare in 2024. (2 minute read)
Urban Planning
Friday, June 9, 2023
The identified municipalities must address local barriers to construction and update zoning bylaws. (2 minute read)
Taxes
Monday, June 5, 2023
Save money on your prooperty taxes with the Home Owner Grant. The threshold has recently increased. (3 minute read)
Economics
Tuesday, May 16, 2023
Listings are low so far this year, but why? REBGV's Director Economics and Data Analytics Andrew Lis has a theory. (6:38 video, 8 minute read)
Urban Planning
Thursday, May 11, 2023
Learn more about initiatives to mitigate flood damage and assess flood risks around Greater Vancouver. (3 minute read)
Legislation & Regulations
Wednesday, May 10, 2023
The new exemptions include future children, dependents, and spouses/partners. (1 minute read)
Working with a REALTOR®
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)
Economics
Tuesday, April 11, 2023
What can we learn about the current market by looking at previous tightening cycles? (5:16 video, 12 minute read)
Legislation & Regulations
Friday, March 31, 2023
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)
Home Buying
Wednesday, March 29, 2023
When you decide to buy a property, your Realtor will prepare what is known as an Offer to Purchase.
Home Buying
Tuesday, March 21, 2023
These programs, savings account, exemption, and tax credit will help lower the cost of buying your first home. (3 minute read)
Legislation & Regulations
Tuesday, February 28, 2023
Floodplain mapping can help assess risk and better understand a home's value. (3 minute read)
Economics
Friday, February 17, 2023
What is the Bank of Canada considering when it comes to interest rates - and how will this help us understand what's going to happen to rates in the future? (5 minute read)
Economics
Monday, February 6, 2023
REBGV's Director of Statistics and Data Analytics looks at what the latest StatsCan projections could mean for our housing market. (7 minute read)
Legislation & Regulations
Friday, February 3, 2023
Amendments to the Strata Property Act that increase contingency reserve fund minimums are coming November 1, 2023. (2 minute read)
Home Buying
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.
Economics
Tuesday, January 31, 2023
REBGV’s Economics team released their latest housing forecast for 2023. Will home prices increase? Read the full report to find out. (8 minute read)
Economics
Monday, January 30, 2023
What makes a trend? Andrew Lis, Director of Economics and Data Analytics explains in the first of his new blog series. (8 minute read)
Economics
Thursday, January 26, 2023
REBGV Director, economics and data analytics presented his market outlook to REALTORS® at an exclusive online event in January. (1:48:22 video)
Economics
Wednesday, January 25, 2023
Births, deaths, migration – what do these have to do with the housing market? Andrew Lis explains in the latest episode of The Lede. (2:54 minute video)
Economics
Tuesday, January 17, 2023
Andrew Lis, REBGV's economist and data analyst, looks at what makes a statistical trend in this video blog. (4:41 minute video)
Legislation & Regulations
Tuesday, December 6, 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)
Legislation & Regulations
Wednesday, November 16, 2022
A recent decision has clarified the test for constructive taking and expropriation by regulation. (5 minute read)
Urban Planning
Tuesday, August 16, 2022
The plan promises new densification to accommodate 260,000 new residents and 210,000 new jobs. (1 minute read)
Home Buying
Tuesday, August 9, 2022
Recently, chartered banks raised their posted mortgage rates in response to higher bond yields. (1 minute read)
Urban Planning
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)
Home Buying
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
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)
Home Buying
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
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
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
Monday, April 4, 2022
If you plan to buy a strata property, check out the strata council minutes, contingency fund, and more.
Legislation & Regulations
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.
Home Buying
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
Thursday, March 24, 2022
Mortgage expert Angela Calla discusses trends, rate increases, and reverse mortgages. (2 minute read)
Home Buying
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
Monday, March 21, 2022
Before buying a vacation property, be aware of tax implications and other vital considerations. (4 minute read)
Legislation & Regulations
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
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)
Economics
Friday, February 18, 2022
REBGV Economist Keith Stewart's January 2022 Jobs Report is now available. (1 minute read)
Urban Planning
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
Monday, February 14, 2022
The City of Vancouver is starting a pilot program to streamline densification on single-family lots. (3 minute read)
Legislation & Regulations
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)
Economics
Tuesday, February 1, 2022
Learn about the employment trends observed through the end of 2021 and how they could impact the housing market in 2022.
Home Buying
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.
Economics
Wednesday, December 15, 2021
Employment is now at around 1.5 million jobs in the Lower Mainland. What's next?
Legislation & Regulations
Friday, December 10, 2021
Read how much tax was generated from this tax in Greater Vancouver municipalities.
Home Buying
Wednesday, December 8, 2021
Read about the new programs the federal government has proposed to help first-time home buyers.
Economics
Monday, December 6, 2021
Our latest economic analysis takes a deeper look at housing supply trends in Metro Vancouver and the ratio of buyers to sellers who've been active in the market throughout the pandemic.
Economics
Friday, November 26, 2021
What do the latest sales and listings trends tell us about the housing market?
Economics
Tuesday, November 16, 2021
Positive employment trends, like falling unemployment and an increase in higher earning jobs, support rising housing demand, according to the Metro Vancouver Jobs Report published by REBGV Economist Keith Stewart.
Economics
Wednesday, November 10, 2021
Will low rates continue or start to rise?
Urban Planning
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.
Legislation & Regulations
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
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.
Economics
Thursday, September 16, 2021
Read this report that takes stock of what has happened in Metro Vancouver’s housing market within the pandemic and what we can expect in the months ahead.
Home Buying
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.
Urban Planning
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.
Home Buying
Wednesday, July 14, 2021
Buyers and sellers with signed contracts that are legally binding have many contractual obligations. Here are a few examples.
Legislation & Regulations
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
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.
Home Buying
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
Thursday, April 29, 2021
Here's what hopeful home buyers need to know to successfully navigate Metro Vancouver’s hectic housing market.
Home Buying
Friday, April 9, 2021
The Office of the Superintendent of Financial Institutions began consultation yesterday on a proposed increase to the minimum qualifying rate for uninsured mortgages.
Taxes
Thursday, April 8, 2021
Before building a laneway home or buying a property with one, you should understand the tax implications of doing so.
Legislation & Regulations
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.
Legislation & Regulations
Tuesday, March 16, 2021
Check the details of the BC government's proposed legislation to extend the residential rent freeze, and other related items.
Home Buying
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.
Working with a REALTOR®
Monday, December 28, 2020
The Multiple Listing Service® (MLS®), owned and operated by REALTORS®, is the most powerful real estate marketing system in the country.
Legislation & Regulations
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
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.
Legislation & Regulations
Monday, October 26, 2020
Vancouver city council passed a motion to end “no pet” restrictions in rental housing contracts on October 13, 2020.
Urban Planning
Friday, October 16, 2020
Here are solutions offered by the three main parties as well as the BC Conservative Party which makes substantive housing related recommendations.
Home Buying
Thursday, October 8, 2020
When looking for an eco-friendly home, here are some things to look for or put in place yourself.
Urban Planning
Thursday, October 8, 2020
If you have a household income under $120,000 and want to buy a home in Vancouver, a new proposal from the city – had it passed – might’ve interested you.