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.

This cooling off period is expected to be ...

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 ...

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 ...

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.

Before you vote, check out the federal party platform issues related to home buying, and the REALTOR® affordability ideas at REALideas.ca

Related ...

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.

The government implemented changes in the Spring of 2021 to help more buyers to qualify ...

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.

If the change is approved, it's currently scheduled to come ...

Condominium investors will want to keep an eye on condo rentals in New Westminster.

On March 30, the city won a BC Supreme Court ruling that cements B.C.’s first bylaw that allows retroactive rezoning of condos to rental units in six specific rental buildings. So far approximately 270 ...

We're proud to be among the top real estate agents for the second month in a row 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 ...

We're proud to be among the top real estate agents 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 ...

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 ...