Greater Vancouver Real Estate News

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Discover What's Happening in Fraser Valley Real Estate

The BC government introduced legislation on March 28, 2022, known as Bill 12 - 2022, to allow for the creation of a cooling off period that will allow buyers to back out of a purchase after signing a Contract of Purchase and Sale.

Vancouver's mayor passed a motion to potentially allow 2,000 Vancouver houses to be stratified with up to six units. This is part of a push to create more housing options besides the traditional Vancouver condos, 1/2 duplexes and large detached houses. The city will investigate the options and determine how best to proceed later this year.

The City of Vancouver is proposing the redevelopment of the 80 acres of city owned land between the Burrard and Cambie bridges on the south shore of False Creek on Vancouver's Westside. Please read the attached article for more information regarding the proposed redevelopment and thoughts on the future of the current property leases.

1. Informational Presentation

2. City of Vancouver Report

Related articles:

• Buying a Home
• Selling a Home
• Homes for Sale
• What is My Home Worth?
• Real Estate Market Update

Affordability, lack of supply and mortgage rules are making it more difficult for many Canadians to own a home. As REALTORS®, unfortunately, we see this too often.

The River Distirct is a popular neighbourhood in Vancouver, BC Canada. It's nestled in the southeast corner of Vancouver along the Fraser River (south of Marine Drive).

With miles of riverfront walking and biking trails, parks, picnic areas, tennis courts, plus the golf course minutes away, it's a perfect location for people looking for a peaceful nature oriented location to live. Plus, it has lots of shops, amenities and restaurants within walking distance. Plus you can drive to Champlain Square a few minutes away or drive to Metrotown or Burnaby's Byrne Road shopping district which is approximately 10 minutes away.

Abbotsford, British Columbia, Canada is nestled between the Fraser River and Mission to the north, the Washington U.S.A. border to the south, Langley to the west, and if you travel east down the highway, you'll arrive at Chilliwack. Abbotsford is approximately 1 hour from Vancouver, BC, and features gorgeous views of the BC mountains, Mt Baker and the Fraser River.

On June 1st, 2021, the Canadian bank regulators, Office of the Superintendent of Financial Institutions (OSFI), implemented the new Stress Test requirements.

The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage costs by the government contributing to part of the home purchase. Basically, it's a shared equity mortgage with the Canadian Government.