Home buyer activity increases in October The Metro Vancouver housing market is experiencing a fall pickup in home sale activity.  The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,858 in October 2019, a 45.4 per cent increase from the 1,966 sales recorded in October 2018, and a 22.5 per cent increase from the 2,333 homes sold in ...

Metro Vancouver needs 30,000 new rental units in next two years: analyst Incoming tech workers, downsizing empty-nesters, international students will all add to demand for purpose-built rental homes, says researcher Two years ago, the B.C. NDP campaigned on a pledge to deliver 114,000 affordable housing units within a decade. The housing crisis has hardly improved since then, with price ...

Should You Refinance Your Mortgage To Invest In A Second Home? Know the Pros and Cons Before You Make A Decision on Refinancing Your Mortgage By Kara Kuryllowicz October 25, 2019 Everywhere you turn, there seem to be new options for what to do with your home equity. And of all the possibilities facing someone with equity, none are as exciting as the potential of investing in a seco ...

After sales, new builds declined this year and last, housing agency expects prices to exceed 2017 peak by 2021 Canada's federal housing agency says it expects the housing market to recover in the next two years after declines in home building, sales and prices. Canada Mortgage and Housing Corp. says in its annual market outlook that housing starts should come in at around 200,000 units ne ...

Renting Out Your Home? Here's Everything Landlords Need to Know About Taxes and Expenses Get covered before tax season comes around By Laisa Schutz October 11, 2019 REW knows that it's essential to understand the implications of purchasing a rental home or renting a portion of your living home and consider how that affects your taxes. There are some things that you don't want to mi ...

Home sales uptick seen across B.C. in September: BCREA Residential resale activity “built on momentum from the summer” with transactions up 24 per cent year over year and average prices on the rise Although residential real estate is seeing a stronger resurgence of activity in Greater Vancouver, the sales uptick is being seen throughout the province, according to the latest monthly data ...

Burnaby charging landlords $570 a year for licence, replacing 'stove tax' Cost to landlords with tenants will remain the same, but homeowners with unrented suites will save money The City of Burnaby is sending declaration forms to local homeowners to determine who needs to buy a $570 business licence to rent out their property.  Starting next year, all landlords who rent out a detached h ...

Increased demand helps housing market reach balanced territory Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and ...

Increased demand helps housing market reach balanced territory Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months.   The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and ...

Current rate of construction could fill Metro Vancouver rental gaps: RBC ‘Reasons to be optimistic’ about rental market, but equivalent of 40 per cent of new condos in next two years would have to become rentals, says economist Tyler Orton Business in Vancouver September 27, 2019 Metro Vancouver’s rental market has a shot at becoming sustainable in the coming years — if at least 40 ...