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Summer sees home listing supply decline across Metro Vancouver

September 7th, 2021
Summer sees home listing supply decline across Metro Vancouver   While home buyers have remained active in Metro Vancouver throughout the summer, the supply of homes for sale has declined steadily since June. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales record ...

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Commercial real estate facing “abnormal and uncertain environment”

September 4th, 2021
Commercial real estate facing “abnormal and uncertain environment” Promising data does not match reality on Vancouver streets as fourth wave of pandemic disrupts office and retail sectors The latest data that shows that Metro Vancouver’s commercial real estate sector should be prepping for a full-press recovery in September but the reality on the street paints a different, and troubling, ...

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Steady sales, reduced listings and virtually unchanged home prices in July

August 4th, 2021
Steady sales, reduced listings and virtually unchanged home prices in July   Metro Vancouver’s housing market saw more moderate sales, listings and pricing trends in July compared to the heightened activity experienced throughout much of the pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,326 in July 2021, a 6.3 per ...

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Vancouver rents rise to remain highest in Canada

June 21st, 2021
Vancouver rents rise to remain highest in Canada Two-bedroom rentals were up 7.7 per cent in May from a month earlier to $2,760 per month - and rents now average $3.04 per square foot Jun 17, 2021 7:02 AM By: WI Staff, Western Investor Rental rates may rise further as COVID-19 regulation ease, report warns. | REW.ca  Vancouver, Burnaby have among most expensive rents in Canada. | Rental ...
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Home sale and listing activity in Metro Vancouver moves off of its record-breaking pace

June 3rd, 2021
Home sale and listing activity in Metro Vancouver moves off of its record-breaking pace   The Metro Vancouver housing market saw steady home sale and listing activity in May, a shift back from the record-breaking activity seen in the earlier spring months. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,268 in May 2021, a 187. ...

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Bank of Canada will hold current level of policy rate until inflation objective is sustainably achieved

April 22nd, 2021
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank continues to provide extraordinary forward guidance on the path for the overnight rate, reinforced and supplemented by the Bank’s quantitative easing (QE) program. Effective the week of April 26, weekly net purch ...

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Canadian Home Builders' Association of BC

April 19th, 2021
Winners announced for the 2021 Georgie Awards®  BURNABY, BC (March 20, 2021) – The Canadian Home Builders' Association of British Columbia (CHBA BC) is pleased to announce the winners for the 2021 Georgie Awards®. Open to all CHBA BC member companies in B.C., the awards celebrate excellence in home building and renovation in the residential construction industry. To be eligible for a Georg ...
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Commercial real estate activity slowed as pandemic hit and regained momentum to conclude 2020

April 19th, 2021
Commercial real estate activity slowed as pandemic hit and regained momentum to conclude 2020   Sales activity in the Lower Mainland’s commercial real estate market slowed in the first half of 2020 as the COVID-19 pandemic took hold and rebounded in the second half of the year.   There were 1,582 commercial real estate sales in the Lower Mainland in 2020, a 0.6 per cent decrease from 1,59 ...

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Email as a Method of Service

April 10th, 2021
Email as a Method of ServiceLandlordBC has long advocated that landlords and tenants should be allowed to use email as a method of service. It has been a topic we have raised repeatedly and echoed again to the 2018 Rental Housing Task Force who included it in their list of recommendations. In the first few months of the COVID-19 pandemic in BC we saw it successfully implemented as a measure t ...
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Bill 7 Receives Royal Assent

April 10th, 2021
Bill 7 Receives Royal AssentJust a few days ago Bill 7 – Tenancy Statutes Amendment Act received Royal Assent; the final step in its legislative process. This bill included updates to several sections of the Residential Tenancy Act (RTA) and while a few aspects still need some policy work and regulations to come into effect, several changes are effective now.Changes that are in ...
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