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Real Estate News

‘Dual agency’ real estate rules booted to June

Industry concern cited while commercial agents call for separation from residential
CIBC tightens mortgage rules for foreign buyers

CIBC tightens mortgage rules for foreign buyers

Foreign buyers now need to go through additional income verification when applying for mortgage
Editorial: Why new speculation tax is not a speculation tax

Editorial: Why new speculation tax is not a speculation tax

Those of us who keep a close eye on the B.C. real estate industry and housing policy were widely anticipating a speculation tax to be introduced in last week’s B.C. Budget, as it had been heavily hinted at by the NDP in advance of the announcement.
Door shut on down payment loans for first-time buyers

Door shut on down payment loans for first-time buyers

A short-lived and little-used loan program for first-time homebuyers in B.C. is coming to an end. Applications under the B.C. Home Owner Mortgage and Equity Partnership will be accepted until the end of March.
NDP taking housing affordability seriously with budget, says business prof

NDP taking housing affordability seriously with budget, says business prof

Urban Development Institute argues budget doesn’t address real problem
BC down payment loans boosted home prices 0.6 per cent

BC down payment loans boosted home prices 0.6 per cent

The BC HOME Partnership Program (HPP), which offers first-time buyers a loan to help with their down payment, has had relatively little impact on condo and townhome prices, according to the findings of a recent report by the BC Real Estate Associatio
One-third of baby-boomers helping millennials buy real estate

One-third of baby-boomers helping millennials buy real estate

One-third of Canadian baby-boomers – and more in Metro Vancouver – plan to give ‘living inheritances’ to their adult children specifically to help them buy real estate, a new survey has found.
New ‘dual agency’ ban throws real estate agents into disarray

New ‘dual agency’ ban throws real estate agents into disarray

A new B.C.
New Westminster city council supports downtown development

New Westminster city council supports downtown development

A mixed-use development has been given city council’s stamp of approval – at least four years after it was first proposed.
New Westminster tackles rental housing

New Westminster tackles rental housing

The City of New Westminster wants to find ways to preserve affordable and rental housing despite development pressures.
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