News

March 27, 2020

COVID-19 Financial Support for B.C. & Canadian Residents

COVID-19 Financial Support Services for BC Canada ResidentsWe know many British Columbians and Canadians are experiencing financial and emotional strain due to the COVID-19 pandemic. Therefore, we wanted to help by sharing the following aid for mortgages, rent, hydro, finances and more (please feel free to forward this information to friends and family).

Homeowners & Landlords

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Posted in Community, News, Popular
March 26, 2020

COVID-19 Canadian Deferred Mortgage Payment Plans

Due to the COVID-19 crisis, some homeowners may be able to defer their mortgage payments for up to six months. Contact your lender to see if you qualify.

For more details, contact your lender or visit:

Related Articles

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Posted in Mortgage, News, Owning
Feb. 25, 2020

BC Strata Insurance Issues and Rate Increases

BC Condo Insurance Rates Increase

Strata owners in B.C. should plan for a significant rise in strata insurance premiums and deductibles.

You may have heard by now that strata insurance (the insurance to replace or repair a strata building including the unit you own), has faced challenges recently. There have been significant increases …

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Posted in Buying , News, Owning
Jan. 12, 2020

BC Assessments Vs Your Home's Actual Market Value

 

BC home owners have received their new BC Assessment notices in the mail and have mixed reactions. Many Greater Vancouver owners are concerned about the drop in their assessed values.

But don't fret; BC assessed values are not related to what your home is currently worth

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Posted in News, Owning, Selling
Jan. 5, 2020

Is Vancouver Selling their Land in False Creek South?

False Creek South - Vancouver BC Leasehold Land

For years we've been watching and wondering what the City of Vancouver would do with their False Creek South leasehold properties, as the existing leases approach the 2036 expiry date.

As REALTORS®, we've informed our clients about the risks of purchasing leasehold properties nearing the end of the …

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Posted in Community, News
Dec. 8, 2019

Vancouver BC Property Tax & Empty Home Tax Increase

Vancouver BC Property Tax Increase and Empty Homes Tax Increase

Vancouver Property Tax Increase

The City of Vancouver plans to increase property taxes by approximately 9 percent. Council says increased revenue will be used for “an overall plan for the city and a big push to reduce climate-change effects”. Council is expected to add 25 police officers and …

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Posted in News, Owning
Nov. 4, 2019

New Bus Route Proposed for the River District in Vancouver

Translink is asking for your feedback on a proposed new service between Metrotown Station in Burnaby and the River District in Southeast Vancouver. This route would provide a direct connection to the Skytrain Expo Line. Please provide your feedback with their Translink's online survey or the information session …

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Posted in Community, News
Oct. 9, 2019

City and Government Taxation & Policies Continue to Affect the Vancouver Real Estate Market

Andrey Pavlo - How Taxes & Government Policies are affecting real estate supply and demandExcellent office meeting today with guest speaker Andrey Pavlo, Professor of Finance at SFU.

Andrey talked about how government and city policies and taxes have affected the real estate supply and demand and continue to influence values in Vancouver.

Highlights:

  • Government taxes and policies are …
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Posted in Market Update, News
July 9, 2019

Vancouver Broadway Corridor Subway Station Update July 2019

Broadway Corridor Subway MapIn the Spring, the city started a 2 year planning process regarding the construction of a skytrain line on the Broadway Corridor associated with a Broadway Plan.

This Broadway Plan area (from Clark Dr to Vine St) includes neighbourhoods such as Kitsilano, Fairview, Mt. Pleasant, and …

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Posted in Community, News
Jan. 22, 2019

BC Speculation and Vacancy Tax

BC Speculation and Vacancy TaxYou must declare! If you live in one of the areas targeted by the B.C. Speculation and Vacancy Tax, every person on the title of your home will receive a letter with instructions on making your declaration.

Regardless of whether it's your primary residence or not, and whether it's …

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Posted in News