Vancouver's Property Trends Beat Expectations

Photo: Flickr / sama093Despite a recent slump in sales volume and home prices, thanks mostly because of the impact of the foreign buyer tax implemented a year ago by the provincial government , recent sales performance has actually shown a strong...
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Extra Taxes Barely Deter Asian Buyers

Photo: Flickr / Hamza ButtFor both concerned consumers as well as policy experts, it was hoped that the adoption of a foreign buyer tax amongst other new regulations would prevent an excessive amount of foreign buyers from buying properties within...
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Victoria Overtakes Vancouver in B.C. Real Estate

Photo: Flickr / Tjflex2For the past several years, Vancouver has been the most highly performing city in Canada when it came to not only real estate sales volume, but also actual home prices. However, this trend has been changing ever since the ad...
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Vancouver’s Real Estate Activity on the Rise Again

Photo: Flickr / Bernard Spragg Have the provincial government’s efforts at tackling out of control home prices and affordability issues reached their crescendo already? According to a poll conducted by real estate powerhouse Royal LePage, sales ac...
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B.C’s Foreign Buyer Tax Faces Legal Challenge

Photo: Flickr / Matt WadeA new class-action lawsuit that has been filed to the Supreme Court has alleged that the government’s foreign buyer tax is unconstitutional because it specifically discriminates against non-residents and Asian buyers in pa...
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Vancouver’s Property Market Showing Signs of Recovery

Photo: Flickr / Domo K.In the last few months of 2016, the provincial government of British Columbia instituted a foreign buyer tax as well as various measures in an effort to prevent real estate investors as well as property speculators from driv...
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Vancouver Sales Plummet

Photo: Flickr / Harshil ShahWhile home prices and sales volume have broken records in 2016, a variety of both real estate and financial analysts have predicted that the federal government’s new mortgage rules will result in a very different story...
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Taxes

The New Empty-Home Tax

Photo: Flickr / Nick KenrickCertainly, it appears that the provincial government of British Columbia as well as the metropolis of Vancouver have both undergone a taxation bonanza over the past several months. Unfortunately, trends within the real...
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on Vancouver, Toronto Real Estate

Banks Keeping Watchful Eye on Vancouver, Toronto Real Estate

Photo: Flickr/ Richard ErikssonAs the housing market is showing no signs of slowing down, banks and investment groups across the country have begun keeping a closer eye on developments within the real estate sector. While prices for single family...
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in Property Sales

Van. Experiences Minor Downturn in Property Sales

Photo: Flickr/ Mark MozNewly released statistics show that Metro Vancouver has experienced a decrease in total property sales volume for four consecutive months up to June. Thanks to high demand, however, that has not stopped sellers from putting...
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