BC Housing Market

• Better mortgage rates but not prices for B.C. homeowners, buyers after BoC rate cut

  British Columbians can expect better mortgage rates after the Bank of Canada cut its key interest rate again Wednesday, experts said. Affordability, however, is still an issue.

  Economy

  Sep 4, 2024
  
• Thousands of units expected from select B.C. cities in new housing targets

  If met, the five-year goals mean the selected communities would build 38 per cent more stock than what they would have otherwise, based on historic trends.

  Economy

  Sep 26, 2023
  
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• B.C. to streamline permitting, offer incentive to homeowners to rent secondary suites

  The B.C. government is chipping away at promises made under its multi-billion-dollar housing plan, announcing two new initiatives aimed at boosting supply and affordability.

  Politics

  Sep 18, 2023
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• B.C. in a ‘good position’ for building with Ottawa’s new tax break: Housing minister

  Urban planner Andy Yan, however, said he didn't "necessarily" think Ottawa's GST break would have a huge impact in Metro Vancouver.

  Economy

  Sep 15, 2023
• Tenants feel ‘real fear’ as rent for one-bedroom in Vancouver exceeds $3K

  "We don't honestly have sufficient protection of their tenancies in the law right now," said Robert Patterson of the Tenant Resource and Advisory Centre.

  Economy

  Aug 15, 2023
• More B.C. renters are spending half their income on housing than anywhere else in Canada: Index

  As of 2021, the index found that 11 per cent of B.C. renter households were also living in "overcrowded conditions," an increase of 21 per cent from 2016.

  Economy

  Jun 19, 2023
• Vancouver home sales up 15 cent from 2022 for May

  The Real Estate Board of Greater Vancouver says May home sales rose 15.7 per cent from a year earlier. It would be even higher if mortgage rates weren't so high, an expert said.

  Canada

  Jun 2, 2023
• Nearly 10% of B.C. homeowners in 2020 were investor-occupants, eclipsing 4 other provinces

  Investor-occupants made up 2.5 per cent of New Brunswick's homeowners, 1.8 per cent in Nova Scotia, 0.8 per cent in Ontario and 0.7 per cent in Manitoba.

  Economy

  May 23, 2023
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• ‘Worst of community-based housing’: B.C. psychologist slams SRO model

  Dr. Julian Somers, a distinguished health sciences professor at Simon Fraser University, described the SRO system as "far behind evidence-based standards" for unhoused populations.

  Politics

  May 8, 2023
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• Vincent Tong cemented as new CEO of BC Housing, commits to addressing ‘crisis’

  Tong worked as BC Housing's vice-president of development and asset strategies, but began acting as CEO in September last year following the retirement of Shane Ramsey. 

  Politics

  Apr 27, 2023