Greater Vancouver Real Estate News

The City of Vancouver, BC Canada requires that Vancouver homeowners submit a yearly declaration to determine if their property is subject to the Empty Homes Tax. Any properties which are deemed empty or declared empty, will be subject to an empty home tax.

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BC’s new Home Buyer Rescission Period (HBRP) for residential real estate property takes effect on January 3, 2023.

We're proud to be among the top real estate agents again at Dexter Realty! We love helping our clients buy and sell homes and always strive to offer the best service and advice. We'd like to thank all our clients for your support, business and referrals. We look forward to continuing our relationship as your trusted REALTORS®.

On November 24, 2022, the BC government passed Bill 44. It changed restrictions around rentals and ages of owners and tenants, under the new Building and Strata Statutes Amendment Act. 

In order to curb rising home prices and prevent money from being "parked" in Canada, the government is banning foreign buyers beginning in January 2023. Some exemptions apply such as permanent residents, temporary residents and students.

We're proud to be among the top real estate agents again at Dexter Realty! We love helping our clients buy and sell homes and always strive to offer the best service and advice. We'd like to thank all our clients for your support, business and referrals. We look forward to continuing our relationship as your trusted REALTORS®.

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.