BC Housing Market

• What the Bank of Canada’s latest interest rate hike means for B.C.’s housing market

  The Bank of Canada hiked its key overnight rate by a surprise full point on Wednesday, in a bid to curb surging inflation.

  Economy

  Jul 13
  
• Government to review money laundering inquiry report before public release, says Eby

  Since 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.

  Politics

  Jun 3
  
• Advertisement
• Home sales in Metro Vancouver calmer in May as interest rates cool hot market

  The 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.

  Economy

  Jun 2
• Advertisement
• B.C. financial regulator advises three day ‘cooling off’ period for homebuyers

  The 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.

  Economy

  May 26
• Census shows apartment growth, but supply remains primary issue in B.C.: experts

  Statistics 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.

  Economy

  Apr 27
• B.C. Real Estate Association criticizes cooling-off period for housing

  BCREA 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.

  Economy

  Feb 28
• 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.

  Consumer

  Jan 6
• B.C. to bring in ‘cooling off periods’ amid soaring real estate sales

  One 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.

  Economy

  Nov 4, 2021
• Advertisement
• Canadian housing market vulnerability increases, but Vancouver’s drops: CMHC

  The vulnerability of Vancouver's housing market is trending downward as the rest of Canada heats up, according to the Canada Mortgage and Housing Corporation.

  Canada

  Sep 28, 2021
• Advertisement
• B.C.’s speculation tax brings in $115M, mostly from owners outside province

  The completed forms showed 80 per cent of those paying the tax are foreign buyers and satellite families.

  Canada

  Jul 11, 2019