Greater Vancouver Real Estate News

Due to the Covid-19 pandemic, CMHC announced they will be tightening their mortgage underwriting rules as of July 1, 2020. Interestingly, Canada's two other mortgage insurance companies, Genworth and Canada Guaranty, will not be following CMHC’s lead, according to Canadian Mortgage Trends, which is good news for home purchasers.

There's no doubt that Covid-19 has altered the Greater Vancouver real estate market and also the way business is conducted. Many professional REALTORS® have altered the way they're conducting business in order to keep the public, their clients and all those involved in the real estate transaction safe.

So, you're thinking of buying a home in BC, Canada and you're wondering how much money you'll require for your minimum down payment. Well, below are some general rules to get you started.

British Columbia Canada, and more particularly Greater Vancouver and the Fraser Valley, has a wide variety of property types for owners to choose from. Below is a list of the most popular styles of homes. Learn the difference between condos, townhouses, semi-detached properties, detached houses, laneway homes, duplexes, triplexes and fourplexes. Also, watch our video to discover the pros and cons of each type of property.

As many of us are staying home these days, we thought you'd enjoy this list of the best food and alcohol delivery services in Vancouver BC. The list includes companies delivering prepared meals (both cooked food and uncooked dinners, lunches and breakfast items), as well as, grocery and alcohol delivery services in Greater Vancouver BC. Eating at home has never been so easy!

We know many British Columbians and Canadians are experiencing financial and emotional strain due to the COVID-19 pandemic. Therefore, we wanted to help by sharing the following aid for mortgages, rent, hydro, finances and more (please feel free to forward this information to friends and family).

Due to the COVID-19 crisis, some homeowners may be able to defer their mortgage payments for up to six months. Contact your lender to see if you qualify.

For more details, contact your lender or visit:

• Canadian Mortgage & Housing Corporation
• Canada.ca

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• Greater Vancouver Food & Grocery Delivery Services
• COVID-19 Financial Resources
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