Real Estate Blog

It’s no secret; buying a home in the Vancouver can be really expensive and it doesn’t seem to be getting any cheaper, but if you’re a young, first-time homebuyer, that doesn’t mean that homeownership should be, or is, out of the question for you.

Have you considered co-ownership? Buying a home with friends or family is a fantastic way to go about purchasing a home. Co-owning a home isn’t a new concept; people have always been able to do it, but because of higher real estate prices, it’s becoming a more popular solution for people. If you’ve never considered it before, here are a few reasons why you should:

Life Will Be Less Expensive

You’ll be splitting everything between the number of people you own the home with. So that means cheaper

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If you dream of owning a spacious detached home on a large lot, it can be yours for a fraction of the cost of those in Metro Vancouver and the capital region, according to a new report by the B.C. Northern Real Estate Board.

The catch? You’ll have to move to a smaller, northern community such as 100-Mile House, Smithers or Williams Lake, where such properties are still highly affordable.

A recently released annual report commissioned by the board is touting the affordability of its real estate in 2017 compared with the Lower Mainland and Greater Victoria – presumably with the hope of attracting newcomers to its communities.

An affordability indicator, calculated by the report authors as a percentage of typical local household income spent on

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VANCOUVER – The British Columbia government has come to an agreement with Metro Vancouver mayors to move ahead on a $7 billion transit expansion for the region.

The provincial and federal governments have previously promised to cover 80 per cent of a 10-year transit plan, but the remaining gap was the responsibility of municipalities to fill.


Burnaby Mayor Derek Corrigan, who is chair of the Mayors’ Council for the region, said reaching a unanimous agreement between varying municipal interests involved everyone “sucking it up” to come up with the funding options.

“When you’ve got the kind of money we had on the table from the provincial government, the kind of money that the federal government is bringing to the table, it would be foolish

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VICTORIA -- A new tipline is being set up to allow for anonymous complaints about suspicious real estate activities in British Columbia.

Finance Minister Carole James says the tipline launched by the Real Estate Council of British Columbia will help improve consumer protection.

Trained investigators will review each tip.

They will then ensure appropriate action is taken to maintain professional standards.

An independent advisory group created to better protect consumers in the real estate market recommended establishing a tipline, which is in addition to the council's existing complaints process.

The council is mandated to protect the public and enforce the Real Estate Services Act.

Continue reading B.C. launches anonymous tipline

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A judge has ruled that the sale of a Vancouver West End assembly can proceed despite two holdout owners who believed the sale price was too low and that they were not kept informed during the sale process.

Barclay Terrace is a 36-unit concrete complex built in 1992 and located at 1075 Barclay St. in Vancouver’s West End.

Of the 36 units in the building, 34 belong to two corporations, Barclay Thurlow Property Inc. (BTPI) and Shepstone Investments Inc., referred to as the majority owners.  BTPI is affiliated with Westbank Corporation and Shepstone with Bosa Properties Ltd.

The units had been gradually purchased by the companies from individual owners with the goal of winding up the strata corporation and selling the property for redevelopment.

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Mark Milke is author of Tax Me I’m Canadian: A Taxpayers’ Guide to Your Money and How Politicians Spend It.

If Canadians want a case study on how governments make a problem worse, cast an eye at British Columbia and housing. The provincial government, both under the previous Liberals and now the NDP, have continually kept or enacted policy, such as rent control and now a speculation tax, that exacerbates a tight rental market and high real estate prices.

real estate ‘speculation tax’

Supply problems and slum promotion: The problem of rent control

British Columbia has long had rent control. That policy always discourages the construction of rental units as it limits the return on investment, which, in turn, squeezes supply, even condominiums bought by potential individual

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There is now a way for the public to report shady real estate deals.

The Real Estate Council of British Columbia Thursday announced the launch of an anonymous tipline “to enhance consume protection in British Columbia’s real estate market.”

“People deserve to know that they can trust the professionals they are working with when they are buying or selling real estate,” Finance Minister Carol James said in a press release. “I am encouraged by the council’s move to have a new tipline that will help protect people from unethical conduct in our real estate market.”

The tipline gives the public and real estate professionals an avenue for reporting suspicious activities o the real estate council while remaining anonymous. The council’s investigators

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Canada's national average home price was down five per cent and sales volume was down 16.9 per cent in February compared with a year ago, evidence that many buyers raced to purchase before new mortgage rules came into effect.

There was also a 6.5 per cent decline in transactions between January and February, the second month-over-month decline and the lowest reading in nearly five years, the Canadian Real Estate Association reported Thursday.

CREA's latest monthly statistics show that home sales were down in February in almost three quarters of all local housing markets tracked by the national association.

"The drop off in sales activity following the record-breaking peak late last year confirms that many homebuyers moved purchase

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Vancouver's False Creek Flats has been poised for years to become the city's hot new tech zone or its third downtown or … well, something.

But, until recently, changes have been ad hoc and scattered randomly throughout this 450-acre tract of land just east of Vancouver's main downtown that is home to rail lines, warehouses with rusting metal roofs, industrial operations of various descriptions, car-repair shops, a big-box hardware chain, and a lot of campers parked on the streets where the city's not-quite-homeless have been taking up residence.

It was in the late 1990s when the city council of the day rezoned part of the Flats for high tech in the hopes that it would become home to the then-exciting dot-com industry. That idea collapsed when

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Metro Vancouver* home sales dipped below the long-term historical average in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,207 in February 2018, a nine per cent decrease from the 2,424 sales recorded in February 2017, and a 21.4 per cent increase compared to January 2018 when 1,818 homes sold.

Last month’s sales were 14.4 per cent below the 10-year February sales average. By property type, detached sales were down 39.4 per cent over the same period, attached sales were down 6.8 per cent, and apartment sales were 5.5 per cent above the 10-year February average.

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power,

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