Category: News

On September 24, 2024, the Canadian government unveiled significant reforms to the country’s mortgage regulations aimed at easing homeownership for Canadians, particularly first-time buyers. These changes, expected to take effect by December 15, 2024, are designed to address the financial barriers to purchasing homes—especially for Millennials and Gen Z—while also supporting the broader housing market.…

Vancouver’s real estate market remains a compelling option for investors, renowned for its resilience and long-term growth prospects. With interest rates potentially declining further, some may hesitate to invest immediately. However, there are strategic advantages to investing now, especially when considering variable rate mortgages that adjust with falling rates. Here’s why investing in Vancouver’s residential…

The BC rental market is buzzing with changes, especially with the recent passing of Bill 14 – Tenancy Statutes Amendment Act, 2024. Let’s break down what these changes mean for you and why having an experienced realtor is more important than ever. What’s Changing with the RTA While it is advisable to read the entire…

You’ve made an offer on a property, what happens when it’s accepted? You searched months for the perfect home, high and low, finally found the perfect one, you make it through negotiations and finally heard those 2 exciting words: ‘Accepted Offer’ Congratulations!….but now what? The Subject Period An offer can be drafted with or without…

First Home Savings Account (FHSA) Exciting news for those looking to buy their first home in Canada – the First Home Savings Account (FHSA) is set to arrive in April! This account will allow Canadian residents to contribute up to $40,000 towards their first home, with contributions being tax deductible and any capital gains being…

What do you do with your time?  Do you ever find yourself wishing you had more time? Maybe, you’ve complained that there wasn’t enough time in a day? Any way you cut it each day consists of 24 hours That’s 1,440 minutes, or 86,400 seconds. How much of that time are you using effectively and…

Mayor Kennedy Stewart pushed forward an amendment to increase Vancouver’s vacancy tax to 3.0% in 2021, triple what it was previously. He hopes that by increasing the tax rate it will push owners of empty homes to either rent them or sell them to feed the local demand.  As many are aware the original motion…