Greater Vancouver Real Estate News

Discover What's Happening in Greater Vancouver Real Estate

Discover What's Happening in Fraser Valley Real Estate

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.

Greater Vancouver Real Estate Market Overview

March housing sales skyrocketed more than 126% higher than in March 2020 – the month the COVID-19 pandemic began – to the highest monthly sales pace ever recorded in Greater Vancouver.

The Canadian bank regulators, Office of the Superintendent of Financial Institutions (OSFI), are proposing a higher stress test level in order to curb the hot market and ensure that buyers do not over extend themselves if mortgage rates increase.