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Vancouver's stratospheric housing costs have driven the city to groundbreaking interventions to make more rentals available. That has included Canada's first sin tax for homes left vacant and a radical new housing policy emphasizing creating purpose-built apartments geared to rates local residents can afford. But some developers and housing advocates say the city has actually obstructed – no ...

Real estate sales to Chinese buyers in Vancouver are in the midst of a "no growth" pattern, according to data gathered by China's largest real estate portal, Juwai.com. "Chinese buyer demand in Vancouver is flat as a pancake — neither up nor down," said Byron Burley, vice president for Juwai.com in B.C. The most common searches on Juwai in addition to Vancouver were Toronto, Seattle, Montre ...

New rules coming in January could disqualify up to 10 per cent of prospective home buyers who have down payments of 20 per cent or more, the Bank of Canada says. The new rules will likely cause those buyers to settle for smaller homes, put more money down or delay buying. Some may also take out riskier loans from alternative lenders that are not federally regulated, including credit unions a ...

'Sea change': Vancouver considers 'restricting property ownership by non-permanent residents' The idea is one of a number of "tax and financial regulations to limit the commodification of housing and land for speculative investment" proposed in Vancouver's 10-year housing strategy. Two years ago Andy Yan’s academic work placed him in the centre of a storm. But he decided to carry on with hi ...

How to Avoid the New Mortgage “Stress Test” There’s an easy way BC home buyers can get around new qualification rules – but the solution has its own issues Related Home buyers in BC and across Canada are bracing themselves for strict new qualification rules coming into force in January for mortgage applicants who have more than 20% as a down payment. Those buyers will have to undergo the ...

"There's some big moves here that haven't been done before," said Gil Kelley, the city's general manager of planning. "We are setting housing-production goals by income level." A multifaceted report released on Thursday, which will be voted on at city council next Tuesday, is aimed at tackling a huge range of issues. Many of these have been discussed already during the past 14 months, such ...

No question is more on the minds of Metro Vancouver homeowners and renters than how and when the region’s housing bubble could burst. After stratospheric escalation, a punctured bubble would be disaster for hundreds of thousands of over-mortgaged homeowners. Yet it could bring relief to those desperate to get into housing. Last summer’s B.C. government 15-per-cent tax on foreign buyers and ...

JENNIFER SALTMANMore from Jennifer Saltman Published on: January 24, 2017 | Last Updated: January 24, 2017 4:47 PM PST The owner of a three-bedroom property in Vancouver could recoup their purchase price about 10 years faster if they do short-term rentals versus having a long-term tenant, according to a study released Tuesday. However, the study also shows that servic ...

Thoughtful home staging is more than just tidying up and cleaning every room. It could mean a quick sale and higher selling price if done right. Here are five ways you can leave a positive impression on potential buyers. Eliminate Clutter -- Clear the clutter from around your home. It's easy to overlook things you see every day, so try to approach all spaces with fresh eyes. ...

Central Lonsdale Market Dynamics favour buyers, with only one sale in Central Lonsdale in the last 30 days. 322 E 19TH Street sold for $2,250,000 and was listed for $2,298,000. There are currently 12 single family homes for sale in Central Lonsdale and 4 recent price reductions.