News

April 10, 2022

Upcoming Cooling Off Period for BC Home Buyers

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 ...

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Posted in News
Jan. 27, 2022

Vancouver Mayor Passes a Motion Allowing 2,000 Houses to be Stratified for up to Six Units

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 ...

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Posted in News
Dec. 5, 2021

Redevelopment Plans for False Creek Vancouver

False Creek South Redevelopment

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 ...

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Posted in News
Sept. 12, 2021

Housing Affordability and Home Buying are Hot Topics in the Federal Election

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 ...

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Posted in News
May 20, 2021

First-Time Home Buyer Incentive | Updated 2021

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 ...

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April 11, 2021

Canadian Bank Regulator Proposes Higher Mortgage Stress Test Level for Uninsured Mortgages

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 ...

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Posted in Mortgage, News
April 7, 2021

BC Court Ruling Concerns New Westminster Developers and Investors

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 ...

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Posted in Investing, News
Nov. 14, 2020

Proud to be Top Real Estate Agents at Dexter Realty, Vancouver BC

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 ...

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Posted in News
Sept. 17, 2020

Proud to be Top Real Estate Agents

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 ...

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Posted in News
June 8, 2020

CMHC Tightens New Mortgage Rules But Genworth and Canada Guaranty Won't Be Following Suit | 2020

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 ...

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Posted in Mortgage, News