Vancouver Real Estate Headquarters

06/08/2020

A mortgage lender for the first time is offering Canadians a five-year fixed rate below 2%.

RateSpy.com says HSBC is the first bank to crack the 2% barrier on a five-year fixed rate, though the rate is for default-insured mortgages only

06/05/2020

JUST IN! The Canada Mortgage and Housing Corp. (CMHC) says it will no longer allow homebuyers to use borrowed funds for their down payment, will require a higher credit score from at least one borrower and will lower the threshold for how much debt applicants can carry compared to their income.

Read more below👇

The policy change will lower some homebuyers' purchasing power.

05/23/2020

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04/02/2020

But many of the purchases were made in the first 10 business days of the month, REBGV says, with sales dipping in the last 10 days.

Even in the middle of a global pandemic, Metro Vancouver home sales stayed steady through March, the Real Estate Board of Greater Vancouver says.

04/01/2020

Global News takes a look at the impact of COVID-19 on real estate

The Bank of Canada cut its key interest rate by half a percentage point to 0.25 per cent in an effort to cushion the economic shocks from COVID-19. Robin Gil...

03/27/2020

You will not find another private live/work residence in the City matching the exceptional attention to detail this outstanding home has to offer.

3 Beds, 5 Baths
7,301 SQFT
Listed at $5,750,000

Click to find out more and view sold prices within the area.

Victoria VE House for sale: You will not find another private live/work residence in the City matching the exceptional attention to detail this outstanding home has to offer. Reconstructed from the studs out in 2016, Commercial Street has a commit...

03/26/2020

The provincial government announced a slate of new restrictions for rental properties alongside a new, temporary $500 per month rental supplement for renters in BC.

To support people and prevent the spread of COVID-19, the Province is introducing a new temporary rental supplement, halting evictions and freezing rents, among other actions.

03/23/2020

"You will pay more interest over the life of your mortgage, but a deferral will also help you with your short-term cash flow," the banks states on its website.

Details of RBC's mortgage deferral program, obtained by CBC News, reveal the option will available to all mortgage holders but in a way that will add to customers' debt load and appears to ensure the bank will not lose money in the short term, and possibly even come out ahead.

03/23/2020

"None of the big banks addressed in their joint press release whether payment deferrals would be interest free or not, so don’t make any assumptions. Ask if payment deferrals are interest free and see if you’re able to contribute a one-time lump sum payment at a point in the future when your financial situation returns to normal - this will help minimize any excess interest associated with deferring payments."

By Justin Kerby - REW.ca

03/20/2020

Stay safe!

Vancouver's real estate market--especially when it comes to condos under $1 million--doesn't seem to be slowing down amid the COVID-19 pandemic.

03/19/2020

With concerns about the spread of COVID-19, REBGV is strongly recommending its approximately 14,000 REALTOR® members refrain from holding open houses.

03/19/2020

Check how much down payment you would need to buy a home in these neighborhoods👇

How is the Metro Vancouver housing market faring as the Spring 2020 season sets in? It has been a tumultuous few years for west coast home buyers and