Summary of Findings

• Two major federal government policies – the prohibition of foreign buyers and unprecedented immigration goals – will influence housing demand in BC for the next three years.

• The demand effect of rising immigration is about five times greater than the Foreign Buyers Ban and is expected to significantly increase home prices.

• To entirely counteract declining affordability,...

Pre-sales are an important aspect of the real estate industry that allows developers to secure financing for new projects while providing buyers with early access to properties at discounted prices. In this blog, we will explore the benefits of pre-sales for both developers and buyers and provide some tips on how to navigate this process successfully.

What are pre-sales?

Pre-sales are the sale of properties...

Buying a home for the first time can be an exciting and overwhelming experience. However, it's important to educate yourself on common mistakes that first-time home buyers often make in order to avoid them.

Here are some of the most common mistakes to keep in mind as you embark on your home-buying journey:

1. Not getting pre-approved for a mortgage - Before you start looking at homes, it's important to...

The Bank of Canada hiked its key policy rate by half a percentage point to 4.25 per cent -- the highest it's been since January 2008 -- on Wednesday in its final rate decision of a year that has been marked by stubbornly high inflation and rapidly increasing interest rates.

The bank, which has made a steady succession of large hikes over the course of the year, is widely believed to be nearing an end...

From caves to modern architecture, people are looking for the ideal shelter, significantly affecting their quality of life. Indeed, owning a house has become crucial for stability and comfort. As the real estate industry has been steadily developing to cater to all kinds of societal needs, different types of home styles have been created. Todays’ houses are well designed to use the space efficiently...

Canada is a dream destination for many residents, and becoming a homeowner there is a life goal for many of them. No wonder, the hot real estate market in Canada attracts many investors. Nevertheless, it’s not as easy as one might presume to make a real estate investment in Canada. There are many challenges that one can face when trying to buy a house in Canada. Let’s enlist some of them...

If you’ve ever wondered how to buy a presale condo but have been intimidated by the unfamiliarity of the process, this how-to guide is for you. First-time homebuyers and individuals new to the presale or pre-construction condo market typically have many similar questions, all of which are straightforward and easy to answer. Once you’ve taken in the information below, you’ll know exactly...

Above all, everyone requires their own space in this vast universe. However, it’s primarily a matter of time and money. According to recent statistics, an increasing number of people are renting houses nowadays. The reason is obvious. They don’t want to overpay.

In fact, owning a home has always been regarded as a symbol of wealth. Every single person who has purchased a home has taken a...

There’s no question that the real estate market in British Columbia has been white-hot over the last year. Since the pandemic began in March 2020, we’ve seen significant year-over-year increases in sales and home prices across the province. The province has now entered phase three of BC’s Restart Plan, as an increasing percentage of the population has been vaccinated, and fewer individuals...

Unlike car insurance, home insurance isn't usually mandatory. But it’s still not a policy to cut corners on. Knowing you're protected if a storm causes property damage, a burglary results in a loss of valuables, or a lawsuit causes significant financial burdens can provide peace of mind. If you're purchasing with a mortgage, as most homebuyers do, a bank or other lenders may require home insurance...

All the key tips to buying, using, and even renting out a vacation home.

So, you are looking to purchase a second property! Congratulations! This is an incredible opportunity and we are here to help provide you with the keys to success to expand your financial portfolio and ensure stability for the future.

Before you launch into this purchase there are a few things you should know, depending on which...

The Canadian Mortgage and Housing Corporation (CMHC) has implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgage insurance. Introduced earlier this summer, these new adjustments from CMHC come as a precaution while the COVID-19 pandemic continues to impact consumers in the real estate market and many other aspects...

The key to falling in love with a home, whether it's a rental or purchase, is to bring your own personal style and flair to the space. There are plenty of ways for renters to remodel without losing their security deposit, and these do it yourself projects make for great, quick upgrades to any home. Really, easy decorating options for rentals are endless once you start looking for inspiration. We...

Stand-alone showers have been rising in popularity as the primary bathing method in many homes—they’re practical, spacious, and downright gorgeous. If you’ve been reconsidering your bathroom’s space with a shower conversion, think about the following important considerations to help you get started.

Can it affect my home’s resale value?

While it’s usually recommended...

If you’re thinking of buying a home, you’ve come to the right place. Once you’ve decided you’re ready to buy, REALTOR.ca can guide you through the entire process and a REALTOR® can help take care of the rest.

Here’s an overview of what to think about:

Prepare to buy

Few joys can match the pride of owning a home, but the responsibility can also come with sacrifices ...

Not surprisingly, the COVID-19 pandemic had a devastating impact on the number of transactions in the Metro Vancouver housing market.

This morning, the Real Estate Board of Greater Vancouver announced a 56.1 percent decline in sales in April compared to the previous month.

From virtual picnics to video-chat mimosas, you can still celebrate her from afar.

From birthday car parades to virtual happy hours, we're starting to navigate this whole "shelter in place" thing relatively well, all things considered. But a socially distanced Mother's Day feels particularly hard, doesn't it? After all, your mother's likely the very person you need most right now—for a reassuring...

(BPT) – This year spring cleaning is more than ever about the deep clean. Spring typically inspires a little more time dedicated to cleaning, in fact, a recent survey commissioned by Bona and conducted by Harris Poll found that more than half of U.S. adults say that the start of spring triggers extra cleaning in the household. While in the past it might have been more about simply dusting har...