Vancouver Asks Province To Rescind Real Estate Tax
Vancouver Mayor Kennedy Stewart recently sent a letter to Premier John Horgan asking the provincial government to rescind a new tax on real estate, even though Mayor Stewart claims to support the tax. The tax, called a school tax surcharge, was first...
Bank of Canada Raises Interest Rate to 1.75%
The Bank of Canada can finally see “home” on the horizon with the latest increase of interest rates now levelling out. Governor Stephen Poloz and his deputies on the Governing Council raised the benchmark interest rate a quarter point to 1.75 percent, as...
Protecting the Rent?
The B.C. government has announced changes to the province's annual allowable rent increase formula that are expected to save many renters hundreds of dollars next year. Premier John Horgan and Housing Minister Selina Robinson announced Wednesday that...
Location, Location, Location?
A controversy was recently brought to light in the Okanagan Real Estate market - a Global News investigation found some discrepancies on the Multiple Listing Service (MLS) between listing locations and actual locations of properties. In a market like...
A Downsize for Baby Boomers
While the spotlight for small homes tends to revolve around the younger generation and potential for money saving, it seems as though smaller spaces may have a new buyer in town. In a recent report by Royal LePage, it was found that the baby boomers...
Are We Heading for a Market Freeze?
For months, news outlets and real estate experts alike have been warning of a looming market crash for the BC real estate market, while the numbers stayed strong seemingly just to defy them. After weeks of waiting, it seems as though those predictions...
Dual Agency Rules Hit Home
Last year, the NDP announced that they would be putting into place new real estate rules that aim to end the practice of dual agency in BC. While the change was meant to be implemented earlier in the year, backlash from the public pushed the start date...
Big Changes for ‘Renovictions’
Many prospective homebuyers look to the Okanagan not only for family homes, but also for potential rental properties. The Valley has plenty to offer for families and bachelors alike - and with more young professionals from the Lower Mainland choosing to...
The Impact of Rising Interest
With the Bank of Canada set to make a decision on interest rates this week, one thing that’s clear is rates will be raised. But, when will the new rates come into effect, and what does this really mean for the housing market? News outlets left and right...
