According to the 2016 census, there are 25,502 unoccupied or empty homes in the City of Vancouver, while the rental vacancy rate is less than one per cent. Part of the empty-home issue is a result of speculative buying. Many neighbourhoods in the City of Vancouver are being affected and transformed by it. For example, according to the census, Coal...
Lower Lonsdale is transforming into one of the most vibrant neighbourhoods and a destination for visitors on the North Shore. In the last few months, we have seen a collection of new businesses opening their doors, as well as one of the most important cultural institutions this side of the Burrard Inlet moving into their new abode.
We are on day 10 of 2018, and one thing is for sure: real estate news does not take a break.
The new mortgage regulations came into effect on January 1, 2018. The significant change in mortgage regulations is the establishment of a new minimum qualifying rate (or financial stress test) for borrowers making a down payment of 20 percent or more of th...