Real Estate

Embracing Change: REBGV Evolves into Greater Vancouver REALTORS®

Change is inevitable, especially in a dynamic industry like real estate. Here in Greater Vancouver, we're not just participants in the market; we're pioneers shaping its future. That's why we're thrilled to share some big news: the Real Estate Board of Greater Vancouver (REBGV) is now rebranded as Greater Vancouver REALTORS®. This change isn't just about a new name—it's about reflecting our commitment...

Navigating the Crystal Ball: Predicting Greater Vancouver’s Commercial Property Market in 2024

Welcome to a journey into the future of Greater Vancouver's commercial property market as we step into 2024. This dynamic landscape, sculpted by diverse economic trends and urban development policies, is ripe for a deep dive. So, let's put on our forecasting hats and peer into what the future holds for this bustling metropolis's real estate scene. The Post-Pandemic Recovery: A Breath of Fresh...

Navigating the Waves of Change: Vancouver’s Battle Over Rent Control

House with rental agreement and cash Real estate investment and finance concept In the bustling city of Vancouver, where the skyline is as diverse as its population, a significant legal tussle has unfolded, one that pits municipal intentions against provincial powers. At the heart of this conflict lies the issue of rent control—a topic that resonates deeply with both landlords and tenants, stirring...

Closing the Gap: New Strata Regulations Usher in a New Era of Accountability

For too long, a little-known loophole has allowed strata corporations to push off creating depreciation reports indefinitely. These reports are essential as they detail the anticipated long-term repair and maintenance needs of strata properties, helping everyone budget and plan accordingly. But here’s the good news: starting July 1, 2024, existing strata corporations with five or more lots will need...

Unlocking Savings: How Homebuyers and Homeowners Can Save Big

Owning a home in Canada isn't just a dream; it's a journey that comes with its own set of challenges, especially when it comes to finances. But here's some good news: Whether you're taking your first steps into homeownership, looking to upgrade, or simply trying to make your current space more livable, there's a treasure trove of grants and rebates waiting to be discovered. Today, we're diving into...

City of Vancouver Overstepped Its Bounds: BC Courts Confirm City Can’t Limit Rent Increases

In the heart of Vancouver, where the skyline is as diverse as the people walking its streets, a legal battle has been quietly unfolding, one that could have ripple effects on renters and landlords alike. At the core of this issue is the City of Vancouver's ambitious attempt to rein in the city's soaring rent increases through municipal bylaws introduced in December 2021. The city aimed to use its...

The Ebb and Flow of Port Moody’s Real Estate Market: What You Need to Know

Hey, dream chasers and home seekers! Today, we're taking a deep dive into the ever-evolving landscape of Port Moody's real estate scene. From the highs of frenzied buying sprees to the subtle shifts brought on by rising interest rates, there's no shortage of intrigue in the Tri-City housing market. So, grab your coffee and let's unravel the latest updates together. A New Chapter Unfolds With the...

Navigating the New Capital Gains Tax Landscape: What You Need to Know

Hey there, savvy investors and financial aficionados! Today, we're diving into the nitty-gritty of the recent federal budget changes that are shaking up the world of capital gains tax. If you're like me, your ears perk up at the mention of tax reforms, and boy, do we have some juicy updates to unpack. Understanding Capital Gains: A Quick Refresher Before we jump into the juicy details of the...

Increased Safeguards for Tenants, Property Owners, Caregivers, and Households.

In the ever-evolving landscape of housing and the delicate balance of rights between renters and landlords, British Columbia is stepping up with a series of proposed amendments to the Residential Tenancy Act and the Manufactured Home Park Tenancy Act that promise to offer more robust protections for tenants, landlords, parents, and families alike. This move is not just about changing laws; it's...

The Federal Budget Aims to Assist Both Home Purchasers and Renters.

In the heart of the ever-evolving housing landscape, the Federal Budget 2024 emerges as a beacon of hope for Millennials and Generation Zs dreaming of a place to call their own. With a comprehensive suite of initiatives, this budget is more than numbers on a page; it's a roadmap to making the dream of homeownership and affordable living a reality for many. Let's dive into the heart of this transformative...

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