March 2018

Effects of the New Regulation Changes

Posted on Mar 14, 2018

Proceeding the new Regulation changes applied to the BC Real Estate market, prices are still remaining high while the detached transactions in the Vancouver region dropped by 9% in the last month (Feb 2018). That being said, the full impact is yet to be felt for the new residential taxes levied by the B.C. government. 
According to the Globe and Mai...

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Home Buyers in Feb 2018

Posted on Mar 02, 2018 in Market Update

“Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market,” Jill Oudil, REBGV president said. “Even still, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, our detached home market is beginni...

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