At some point or another, many of us have lived on the lowest floor of a single-family home. The rent is less expensive, but you miss out on a few essentials of living comfortably; for example, tall ceilings, natural light, and rooms that aren’t overly stuffy. Today, if you want to rent out a basement…
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Metro Vancouver home sales set a record in 2021 Metro Vancouver home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in…
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The Speculation and Vacancy Tax is a provincial tax applicable to residential property owners in British Columbia. The tax is based on the type of ownership of the residential property. Speculation and Vacancy Tax Exemption Phasing Out in 2022 There are numerous exemptions to the Speculation and Vacancy Tax. One exemption is phasing out starting…
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Home sales activity remains up, listings down across Metro Vancouver’s housing market As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential…
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What is zoning? Zoning is a set of rules that determine what can and can't be built in the city. Originally zoning was used as a tool to protect the safety and public health of a community. Zoning separated land uses that wouldn't work well together, such as polluting industries and residential areas. Today, zoning…
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REBGV Economist Keith Stewart explains the latest home sale and listings trends in their latest video below. Keith looks at supply and demand trends and explains how they're affecting the market in Vancouver BC. Watch the video or keep reading for the transcript below! Vancouver Real Estate Q3 Housing Overview https://www.youtube.com/watch?v=_cNRi09DcAg&t=35s After setting new sales…
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Wood and concrete have been used in construction for thousands of years. Both materials have properties that make them appealing building materials. Today we will cover some of the differences between concrete versus wood-frame construction, which is an important factor to consider when purchasing a condo here in Vancouver. Advantages and Disadvantages of Wood Generally,…
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REBGV Presents the October 2021 Market Insights In this video below, REBGV Economist Keith Stewart provides a summary of the October 2021 market insights. Watch the video or continue reading below for the summary! https://www.youtube.com/watch?v=UNlsA-l8KAo While home sale activity remains elevated, the overall supply of homes for sale hit a three-year low in October. These factors…
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Metro Vancouver home buyers compete for fewer home listings in October Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region…
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Elevated home sale activity continues to outstrip the supply of homes for sale in Metro Vancouver Home sale activity remains elevated across Metro Vancouver’s housing market while the pace of homes being listed for sale continues to follow long-term averages. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the…
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