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  1. Fed government’s ban on new foreign ownership of residential property becomes law on January 2023

    Federal foreign buyer ban coming in January 2023 REBGV StaffREBGV At a glance (3 minute read): The federal ban on foreign buyers is coming January 1, 2023. The period will last two years. The ban will only apply to residential property. The federal government’s ban on new foreign ownership of residential property becomes law on […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-11-2022
    Real Estate Related

  2. The top five greenest cities in Canada

    Three of Canada’s top five ‘greenest’ cities are on the Prairies Western Investor StaffWestern Investor New research has revealed Canada’s greenest cities, with Prince Albert coming out on top. Prince Alberta, third-largest city in Saskatchewan has been named Canada most green city with 28 hectares of parkland per person. | SubmittedA new study claims that […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-11-2022
    Real Estate Related

  3. Canada’s financial stability are elevated because of high levels of household debt along with rising interest rates, Rogers says

    Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada The Canadian PressFinancial Post The Bank of Canada estimates that about 50 per cent of variable-rate, fixed-payment mortgages have reached the point where additional payments may be needed. That’s about 13 per cent of all Canadian mortgages. Photo by JAMES MACDONALD/BLOOMBERG OTTAWA […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-11-2022
    Real Estate Related

  4. Canada’s financial stability are elevated because of high levels of household debt along with rising interest rates, Rogers says

    Half of variable-rate mortgages have hit their trigger rate, estimates Bank of Canada The Canadian PressFinancial Post The Bank of Canada estimates that about 50 per cent of variable-rate, fixed-payment mortgages have reached the point where additional payments may be needed. That’s about 13 per cent of all Canadian mortgages. Photo by JAMES MACDONALD/BLOOMBERG OTTAWA […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 22-11-2022
    Real Estate Related

  5. 0.49 acres retail in Victoria sells for $10.25 Million

    Entire city block in downtown Victoria sells for $10.25 million Western Investor StaffWestern Investor Prime single-tenant retail location with 21,537 square feet of strata space on Government Street has frontage on three main roadways, with rear loading docks.   CBRE Investment Properties Group, Victoria, B.C, for Western Investor   Property type: Retail Location: 1450 Government […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-11-2022
    Real Estate Related

  6. B.C.’s propose housing supply act would come into effect through regulations in mid-2023

    B.C. housing plan will immediately extend speculation taxes Frank O’BrienWestern Investor New scheme would turn all condos into rentals and subject the owners to provincial and Vancouver ‘empty home’ taxes if not rented Banning condo rentals will expose about 300,000 owners to vacant-home taxes. | Chung ChowA proposed Housing Supply Act in B.C., released November […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-11-2022
    Real Estate Related

  7. B.C. government launches a Safer Communities Action Plan that aims to keep repeat offenders off the streets and strengthen communities | David Eby

    Suddenly, B.C. to become tough on crime Frank O’BrienWestern Investor After five years of watching street crimes spiral out of control as Attorney General, B.C.’s new premier plans to crack down on chronic offenders Smashed storefront in Vancouver’s Yaletown a symbol of rising street crime across B.C. | Chung Chow The B.C. government has launched […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-11-2022
    Real Estate Related

  8. David Eby announces plan to amend the Strata Property Act, limiting restrictions on renting in stratas

    Rental restrictions could increase speculation, create more work for strata councils, homeowners say CBC StaffCBC Radio Some homeowners worry that if their stratas open up for rentals, landlords will be absent and strata council members will become ‘de facto’ landlords. (Maggie MacPherson/CBC) Homeowners in stratas fear proposed changes to laws around rental restrictions in strata […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-11-2022
    Real Estate Related

  9. David Eby’s introduce two pieces of legislation to boost housing supply

    B.C. premier’s action on housing applauded by some, called ‘modest’ by others Bhinder SajanCTV News Premier David Eby’s government introduced two pieces of legislation to boost housing supply Monday. While he claims the plan is bold, some say it’s modest and may come with unintended consequences that could make some homes even more expensive. On […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 21-11-2022
    Real Estate Related

  10. 1,630 square feet industrial strata in Port Coquitlam sells for $1.242 Million

    Port Coquitlam industrial strata sells for twice its assessed value Western Investor StaffWestern Investor The 1,630-square-foot unit attracted multiple offers and sold for $1.24 million on October 31, 2022   NAI Commercial, Vancouver, for Western Investor   Property type: Industrial Location: 1833 Coast Meridien Road, Port Coquitlam, B.C. Property size: 1,630 square feet Zoning: M-1 […]

    By Les Twarog Vancouver Real Estate and Condo Blog
    on 15-11-2022
    Real Estate Related
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