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Legislation & Regulations
BC government introduces “cooling off” period for home sales
Tuesday, August 9, 2022
BC government introduces “cooling off” period for home sales
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)
Home Ownership
PTT thresholds: REBGV makes housing affordability recommendations to province
Friday, June 17, 2022
PTT thresholds: REBGV makes housing affordability recommendations to province
REBGV made three recommendations for making home ownership more affordable during provincial consultations in June. (3 minute read)
Legislation & Regulations
BC REALTORS® offer 30 policy recommendations to province to improve BC real estate
Thursday, March 31, 2022
BC REALTORS® offer 30 policy recommendations to province to improve BC real estate
The BC Real Estate Association, with support of BC’s real estate boards, has 30 policy recommendations for the provincial government.
Home Buying
Liberal leader Kevin Falcon’s plans to make housing more affordable
Wednesday, March 23, 2022
Liberal leader Kevin Falcon’s plans to make housing more affordable
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
What are the tax implications of buying a vacation home?
Before buying a vacation property, be aware of tax implications and other vital considerations. (4 minute read)
Legislation & Regulations
What’s in BC Budget 2022 for homebuyers and owners?
Tuesday, February 22, 2022
What’s in BC Budget 2022 for homebuyers and owners?
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 regulates wood burning fireplaces and stoves
Metro Vancouver is regulating wood burning fireplaces and stoves to reduce pollution. Find out how this could affect you. (3 minute read)
Legislation & Regulations
How many homes paid BC Vacancy and Speculation Tax in your community?
Friday, December 10, 2021
How many homes paid BC Vacancy and Speculation Tax in your community?
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
REBGV makes three recommendations to BC government to help make homes more affordable
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
Federal government plans unused housing tax
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.
Legislation & Regulations
How will the new mortgage stress test rules impact Metro Vancouver real estate?
Tuesday, June 1, 2021
How will the new mortgage stress test rules impact Metro Vancouver real estate?
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
Speculation and vacancy tax relief for non-existent homes
The provincial speculation and vacancy tax applies to airspace above buildings classed as residential. The government will temporarily remove this tax for one year.
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