Critics say new mortgage rules will push borrowers to unregulated lenders Canada’s banking regulator will move ahead with controversial new mortgage stress-testing rules in an effort to curb risky lending practices at banks, but critics say the changes will drive more borrowers to unregulated alternative lenders and add risk to the financial system more broadly. […]
Monday, October 2, 2017 Apartment and townhome activity is outpacing the detached home market across Metro Vancouver*. This activity helped push total residential sales above the historical average in September. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,821 in September 2017, a 25.2 per […]
BC government announces official support for Vancouver’s Amazon HQ2 bid The provincial government is officially backing Metro Vancouver’s bid to become the home of Amazon’s second headquarters. Earlier today at the Union of BC Municipalities convention held at the Vancouver Convention Centre, Premier John Horgan announced a $50,000 funding commitment to assist the municipalities of […]
Cambie Corridor Planning Program: Phase 3 The Cambie Corridor is home to the Canada Line, which connects residents to jobs, amenities, and services throughout the Corridor and Vancouver. In 2009, we launched a three-phase planning program to guide long-term, transit-oriented growth in the Cambie Corridor. Phases 1 and 2 delivered land use policies for key […]
B.C. remains a seller’s market: B.C. Real Estate Association The B.C. Real Estate Association is out with its Third Quarter Housing Forecast update, and it’s predicting a 10% decline in the number of sales this year. But it says strong economic fundamentals are supporting consumer demand that is expected to keep home sales at elevated […]
Condominium sales drive August activity Competition for condominiums and townhomes pushed Metro Vancouver* home sales above typical levels in August. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 3,043 in August 2017, a 22.3 per cent increase from the 2,489 sales recorded in August 2016, and […]