September 2021

The federal Budget 2021 announced the government’s plans to implement, effective January 1, 2022, a national, annual one-per-cent tax on the value of non-resident, non-Canadian owned residential real estate that’s vacant or underused.The government is finalizing draft legislation for the proposed underused housing tax (UHT). They’re releasing a dra...

While home buyers have remained active in Metro Vancouver* throughout the summer, the supply of homes for sale has declined steadily since June.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,152 in August 2021, a 3.4 per cent increase from the 3,047 sales recorded in August 2020, and...

Several factors influence the housing market, including mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. All of these influence the supply and demand of the market which, in turn, affects prices.There are three classifications experts...