BC Housing Market
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Better mortgage rates but not prices for B.C. homeowners, buyers after BoC rate cutBritish 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.EconomySep 4
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Thousands of units expected from select B.C. cities in new housing targetsIf 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.EconomySep 26, 2023
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B.C. to streamline permitting, offer incentive to homeowners to rent secondary suitesThe 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.PoliticsSep 18, 2023
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B.C. in a ‘good position’ for building with Ottawa’s new tax break: Housing ministerUrban planner Andy Yan, however, said he didn't "necessarily" think Ottawa's GST break would have a huge impact in Metro Vancouver.EconomySep 15, 2023
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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.EconomyAug 15, 2023
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More B.C. renters are spending half their income on housing than anywhere else in Canada: IndexAs 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.EconomyJun 19, 2023
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Vancouver home sales up 15 cent from 2022 for MayThe 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.CanadaJun 2, 2023
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Nearly 10% of B.C. homeowners in 2020 were investor-occupants, eclipsing 4 other provincesInvestor-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.EconomyMay 23, 2023
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‘Worst of community-based housing’: B.C. psychologist slams SRO modelDr. Julian Somers, a distinguished health sciences professor at Simon Fraser University, described the SRO system as "far behind evidence-based standards" for unhoused populations.PoliticsMay 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.PoliticsApr 27, 2023
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