BC Housing Market
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What the Bank of Canada’s latest interest rate hike means for B.C.’s housing marketThe Bank of Canada hiked its key overnight rate by a surprise full point on Wednesday, in a bid to curb surging inflation.EconomyJul 13
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Government to review money laundering inquiry report before public release, says EbySince spring 2020, the commission heard from about 200 witnesses over 130 days, including former B.C. premier Christy Clark and several former and current cabinet ministers.PoliticsJun 3
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Home sales in Metro Vancouver calmer in May as interest rates cool hot marketThe Real Estate Board of Greater Vancouver reports 2,918 sales across Metro Vancouver in May, nearly 32 per cent below those recorded in May 2021.EconomyJun 2
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B.C. financial regulator advises three day ‘cooling off’ period for homebuyersThe report says buyers should not be allowed to waive the period in which they would be allowed to back out of a purchase agreement, with exceptions such as court-ordered sales.EconomyMay 26
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Census shows apartment growth, but supply remains primary issue in B.C.: expertsStatistics released by the B.C. Jobs Ministry earlier this month show more than 100,000 people moved to the province in 2021, the highest annual total since 1961.EconomyApr 27
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B.C. Real Estate Association criticizes cooling-off period for housingBCREA also wants the province to bring more transparency to the homebuying process, so people can make more informed decisions, when they are caught in multiple offer scenarios.EconomyFeb 28
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Seniors surprised by rental rates at new ‘affordable housing’ building in Nanaimo, B.C.When the project was announced in 2018, BC Housing billed it as "relief from rising housing costs," offering "new affordable rental homes" to local seniors.ConsumerJan 6
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B.C. to bring in ‘cooling off periods’ amid soaring real estate salesOne of the practices under the microscope is looking at alternatives to the blind bidding system, as well as waiving conditions in order to put in a more competitive offer.EconomyNov 4, 2021
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Canadian housing market vulnerability increases, but Vancouver’s drops: CMHCThe vulnerability of Vancouver's housing market is trending downward as the rest of Canada heats up, according to the Canada Mortgage and Housing Corporation.CanadaSep 28, 2021
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B.C.’s speculation tax brings in $115M, mostly from owners outside provinceThe completed forms showed 80 per cent of those paying the tax are foreign buyers and satellite families.CanadaJul 11, 2019
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