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Taxes
What you need to know about BC's Speculation and Vacancy Tax
Friday, January 26, 2024
Detailed information about BC's SVT and property exemptions. (4 minute read)
Home Ownership
New regulations for stratas help get more electric vehicles on the road
Thursday, January 18, 2024
These regulations outline a process for strata property residents to request to install an EV charging station. (2 minute read)
Home Ownership
Greater Vancouver assessments remain stable
Friday, January 5, 2024
Assessments remained in a narrow range compared to last year in Greater Vancouver. (5 minute read)
Home Ownership
Seniors aging in place, longer
Wednesday, December 13, 2023
How will the increasing number of senior households affect the real estate market? (2 minute read)
Home Ownership
4 things to know about heat pumps
Tuesday, November 28, 2023
Learn how heat pumps are an energy-efficient way of transferring heat in and out of a home. (3 minute read)
Home Ownership
Financing your home
Wednesday, November 1, 2023
When you're looking to buy a home, it's important to understand the steps for getting a mortgage. (3 minute read)
Market Trends
Increased costs contribute to reduced sales, dollar values across commercial market
Monday, September 18, 2023
Slower activity marked the second quarter of the commercial real estate market in the Lower Mainland. (1 minute read)
Taxes
Will I have to pay capital gains when I sell my house?
Thursday, September 7, 2023
Read about the conditions required for paying capital gains, and what you need to do even if you don't have to pay. (2 minute read)
Taxes
Why do I have to pay property taxes on the house I’m buying?
Friday, September 1, 2023
Property taxes in BC are due the first business day after July 1. If you buy a home at another time, you may have to pay a share of the year to avoid a penalty.
Home Ownership
Taking care of your yard during a heat wave and drought
Monday, August 28, 2023
Here's how to make your lawn and garden look good when the weather isn't. (2 minute read)
Taxes
Empty Homes Tax put to good use – Vancouver creates affordable housing
Thursday, August 24, 2023
Affordable housing projects in Vancouver received grants worth over $8.7 million, partially from Vancouver’s EHT. (1 minute read)
Home Ownership
Home ownership – BC legislative committee listens to and quotes REBGV
Monday, August 21, 2023
A new budget report cited REBGV’s three recommendations on how to clear a path to home ownership. (3 minute read)
Home Ownership
Asbestos remediation – new certification required for contractors
Tuesday, July 18, 2023
Home owners looking to renovate older homes will need to ensure their contractors are certified. (2 minute read)
Taxes
Putting Property Transfer Tax revenue to work
Tuesday, June 27, 2023
Our recommendations to the provincial government on how the PTT can be used to help build more affordable homes. (2 minute read)
Taxes
BC speculation and vacancy tax expanded to Lions Bay, Squamish
Monday, June 12, 2023
Home owners in these newly taxable areas will need to declare in 2024. (2 minute read)
Taxes
Property taxes 101
Monday, June 5, 2023
Save money on your prooperty taxes with the Home Owner Grant. The threshold has recently increased. (3 minute read)
Home Ownership
6 bathroom renovation mistakes to avoid
Monday, May 8, 2023
Avoid costly mistakes for a worry-free bathroom reno. (2 minute read)
Home Ownership
Get your outdoor living room ready for spring and summer fun
Tuesday, April 25, 2023
Tips to make your outdoor space a naturally inviting part of your home. (2 minute read)
Home Ownership
Heating your home with oil? Get up to $10K for a new heat pump
Friday, April 14, 2023
The federal government is offering up to $10K for low- and median-income homeowners to install an energy-efficient heat pump. (1 minute read)
Home Ownership
Know the rules when insuring secondary suites
Monday, April 3, 2023
Having insurance coverage is vital. There’s a misconception among home owners that their existing policy will cover a suite. It doesn’t.
Home Ownership
Canada amends foreign buyer ban regulations
Friday, March 31, 2023
The federal government amended its foreign buyer ban regulations, allowing more flexibility. (3 minute read)
Home Ownership
How to prepare your lawn for winter
Wednesday, September 28, 2022
Follow these tips for a healthy lawn next summer! (2 minute read)
Market Trends
Lower Mainland’s commercial real estate sees fewer transactions in Q2
Thursday, September 15, 2022
Activity in the commercial real estate market edged down from the brisker pace experienced at the start of the year. (2 minute read)
Home Ownership
Here are 9 ways to get ready for fall
Friday, September 9, 2022
Sure signs that fall is coming are shorter days and the start of school. Fall also means it’s time to begin preparing our homes for oncoming cooler weather.
Home Ownership
Home renos: plan for success
Monday, August 22, 2022
Your home reno can be less stressful if you plan wisely. Find out how! (3 minute read)
Home Ownership
Preparing for a flood
Monday, August 8, 2022
Many residents and businesses in the Lower Mainland are located in a floodplain - close to or beside local rivers, creeks, or coastlines.
Market Trends
CMHC estimates 3.5 million new affordable homes needed
Tuesday, July 19, 2022
A CMHC report estimates BC needs 3.5 million new homes by 2030 to make homes affordable, 1.2 million short of current projections. (2 minute read)
Home Ownership
Home security – 11 tips to protect your belongings
Friday, July 8, 2022
It’s summertime and the living is easy, especially for potential thieves.
Market Trends
Lower Mainland’s commercial real estate market begins 2022 with steady sales and higher prices
Thursday, June 23, 2022
A steady start to the 2022 commercial real estate market. (2 minute read)
Home Ownership
It’s easy being green: here are 6 lawn alternatives
Monday, June 20, 2022
Lawn alternatives that help bees, save water, eliminate chaffer beetles, and more!
Home Ownership
PTT thresholds: REBGV makes housing affordability recommendations to province
Friday, June 17, 2022
REBGV made three recommendations for making home ownership more affordable during provincial consultations in June. (3 minute read)
Market Trends
CMHC report finds lack of supply main cause of unaffordable housing
Friday, May 13, 2022
A recent CMHC report determined housing supply is the main factor behind unaffordability in Canada. (1 minute read)
Home Ownership
Vancouver increases Empty Homes Tax and double audits
Friday, April 29, 2022
Vancouver city council passed a motion to increase the Empty Homes Tax to five per cent. (1 minute read)
Market Trends
What does first quarter activity say about Metro Vancouver’s housing market in 2022?
Thursday, March 3, 2022
REBGV Economist Keith Stewart projects what home sale, listing, and price activity you can expect in 2022. (1 minute read)
Home Ownership
3 easy ways to help keep your home green clean
Monday, February 28, 2022
Keeping a green-clean home is not only better for the environment, it can be better for your health and your wallet. (2 minute read)
Home Ownership
Get your home ready for spring using these simple steps
Monday, February 28, 2022
Spring is a time of renewal for both you and your home. As you emerge from your winter cocoon, you’ll want to start the spring repairs and updates your home requires.
Taxes
No SVT exemption for owners of vacant stratas
Friday, February 18, 2022
Owners of strata property in buildings with rental restrictions are no longer exempt from the BC Speculation and Vacancy Tax. (1 minute read)
Home Ownership
7 ways to get the most out of small living spaces
Wednesday, October 13, 2021
Small living spaces are a reality for more and more homeowners. But small spaces don’t have to mean small dreams.
Market Trends
How many Metro Vancouver properties are purchased by foreign buyers?
Wednesday, September 1, 2021
Check out the impact on Metro Vancouver's real estate market.
Market Trends
What's the difference between a buyer's and seller's market?
Tuesday, August 31, 2021
Several factors influence the housing market which then influences supply and demand.
Market Trends
REBGV economist discusses the market, COVID-19's effects, and the state of the recovery
Friday, August 13, 2021
Keith Stewart, REBGV economist, highlights the market effects of the COVID-19 pandemic in Metro Vancouver.
Market Trends
Home sales and new listings on par with historic average
Monday, July 26, 2021
While still firmly in seller's market conditions, home sale and listing activity has eased from the record-setting pace of the spring.
Home Ownership
Federal government offers home owners $5,600 to make homes energy efficient
Thursday, June 17, 2021
Here's how to apply for one of the $5,000 grants offered by the federal government.
Home Ownership
What’s a reverse mortgage?
Thursday, June 10, 2021
How can older home owners cover their expenses without selling their home?
Home Ownership
Resolving strata disputes
Wednesday, June 9, 2021
Strata corporations, strata owners, residents and strata council members can access online services through the BC Civil Resolution Tribunal to resolve solve disputes.
Home Ownership
Stratas: Maintenance fees and special levies
Thursday, May 20, 2021
What are maintenance fees and special levies for stratas and how are they determined?
Home Ownership
What's a non-conforming strata? What you need to know to avoid headaches
Wednesday, April 28, 2021
If you’ve heard the term “non-conforming strata” before, there’s something you should know: There’s no such thing. Find out why.
Market Trends
Regulators advise home buyers, sellers to understand potential risks of a busy market
Friday, April 16, 2021
In an active market, seeking professional advice from a Realtor is more important than ever.
Home Ownership
Are BC home owners protected against title fraud?
Thursday, April 8, 2021
Two rare fraud attempts highlight protection for home owners.
Taxes
What are the tax implications of building a laneway house?
Thursday, April 8, 2021
Before building a laneway home or buying a property with one, you should understand the tax implications of doing so.
Market Trends
Largest year-over-year price increases
Tuesday, March 23, 2021
The five areas in our region with the largest year-over-year price increases might surprise you.
Fact Sheets
Cannabis fact sheet
Monday, March 22, 2021
Cannabis is regulated at the federal, provincial, and municipal levels. Here’s a summary of how it’s dealt with in Greater Vancouver municipalities.
Market Trends
Buying or selling in a busy market? Here’s how you can make the transaction easier
Tuesday, March 9, 2021
In a busy real estate market, homes are bought and sold at a faster pace than usual. This can create a sense of urgency that causes home prices to rise.
Home Ownership
Eight ways you can prepare for a disaster
Monday, February 22, 2021
Natural disasters can strike at any time. Earthquakes, floods, and fires can spring up quickly and endanger homes and businesses. What can you do to prepare?
Home Ownership
Aging in place: Top tips on how you can adapt your home
Friday, February 12, 2021
Whether you’re looking for your ‘forever’ home or already live there, adjusting its design will help make your life easier and safer.
Market Trends
What Metro Vancouver's strong housing market looked like in 2020
Tuesday, January 19, 2021
This is what Metro Vancouver's strong housing market looked like in 2020.
Market Trends
Metro Vancouver real estate generated $2.1 billion for BC's economy in 2020
Thursday, January 14, 2021
Economic spin-off activity and creating an estimated 14,728 jobs resulted from real estate sales in 2020.
Home Ownership
BC Strata insurers to end ‘best terms pricing’
Wednesday, December 23, 2020
Learn what changes are being made to give strata corporations the info needed to make informed decisions about their insurance needs.
Market Trends
How did COVID-19 affect Metro Vancouver home buyer demand in 2020?
Thursday, December 17, 2020
Demand is typically seasonal in the metro Vancouver housing market. Activity tends to peak in the spring and fall.
Home Ownership
Design trends emerging from the pandemic
Thursday, October 29, 2020
We're adapting our personal spaces to reduce our exposure to the coronavirus and to feel better. Some trends are now commonplace, but one may surprise you.
Home Ownership
Home suite home: Making a basement suite feel like home
Friday, August 14, 2020
Making the most of a limited space is a constant challenge for home owners with basement suites.
Market Trends
Innovation Series: Watch our video interview with BCREA Economist Brendon Ogmundson
Thursday, July 9, 2020
Brendon discusses the long-term impact of COVID-19 on the real estate market.
Home Ownership
Provincial government introduces bill to help with soaring strata insurance costs
Thursday, June 25, 2020
The BC government is taking its first steps to mitigate soaring strata insurance costs.
Market Trends
 Three questions with BCREA Economist Brendon Ogmundson
Wednesday, June 24, 2020
The arrival of COVID-19 slowed the housing market, leading some to suggest home prices will decline longer term. Are they right?
Legislation & Regulations
What’s happening in BC’s strata insurance market?
Thursday, June 18, 2020
The BC Financial Services Authority found strata insurance premiums rose by about 40 per cent, with deductibles seeing triple digit increases.
Home Ownership
Funding insurance premiums and calling general meetings
Wednesday, June 10, 2020
Two additions to the Strata Property Regulation will make life easier for strata corporations grappling with sky-high insurance premiums.
Market Trends
Why have Vancouver’s housing prices remained stable during the pandemic?
Friday, June 5, 2020
The COVID-19 pandemic has reduced activity in Metro Vancouver’s housing market since mid-March, but home prices have remained steady throughout the last 12 months.
Home Ownership
What you need to know about strata insurance rate increases
Thursday, February 6, 2020
Strata owners in BC are facing insurance rate increases of between 50 and 300 per cent this year, according to the Condominium Home Owners Association of BC.
Market Trends
Housing supply becoming constrained in Metro Vancouver
Thursday, January 30, 2020
Demand is beginning to outpace the supply of new homes coming on to the market in Metro Vancouver.
Market Trends
What does Metro Vancouver's inventory look like?
Wednesday, January 15, 2020
While Metro Vancouver’s housing market experienced an uptick in sales to end the year, despite below-average sales activity in 2019, the number of homes available for sale in the region is declining.
Market Trends
What can you expect from Vancouver's 2020 housing market?
Wednesday, January 8, 2020
REBGV President Ashley Smith recently joined CTV Morning Live to share her insights on what to expect in Metro Vancouver's housing market in 2020.
Market Trends
Commercial real estate activity remains below the pace of recent years
Friday, December 13, 2019
Sales activity in the Lower Mainland’s commercial real estate market continued to decline in the third quarter (Q3) of 2019 compared to recent years.
Home Ownership
Asbestos exposure remains a risk in older homes
Friday, November 15, 2019
If you own, or are looking to buy, a pre-1990s home, and are planning a demolition or renovation, you’ll need to understand the risks of asbestos and the need to hire a qualified testing company.
Market Trends
Commercial real estate sales down from last year’s pace
Friday, September 13, 2019
Sales activity in the Lower Mainland’s commercial real estate market declined in Q2 2019 compared to the more active market experienced in the region last year.
Market Trends
Fewer commercial real estate sales to start 2019
Tuesday, June 18, 2019
Commercial real estate sales in the Lower Mainland declined in the first quarter (Q1) of 2019 compared to the active market experienced across the region last year.
Market Trends
What does Metro Vancouver’s housing supply look like?
Monday, June 17, 2019
In the past few years, Metro Vancouver’s housing market was woefully undersupplied, putting pressure on home buyers and increasing home prices. This trend, however, is reversing.
Market Trends
Millennials are staying in Vancouver, according to report
Monday, May 27, 2019
Despite anecdotal reports, there’s no evidence millennials aged 20 to 34 are leaving Vancouver because of high housing costs according to a new study from RBC Economic Research.
Market Trends
Demand for commercial real estate declines in 2018
Wednesday, March 20, 2019
The commercial real estate market in the Lower Mainland saw fewer sales and lower dollar volumes in 2018 compared to recent years.
Home Ownership
Prepare your home for sale
Wednesday, December 12, 2018
Are you thinking of selling your home? Before your REALTOR® begins showing your home, you will want to make sure it’s in tip-top condition.
Home Ownership
Stratas and pets
Wednesday, December 12, 2018
If you’re planning to buy a strata property and you have furry or feathered friends, find out whether pets are allowed and if there are restrictions.
Market Trends
What would it take to get more affordable townhomes to market?
Wednesday, December 12, 2018
If a developer buys land to build affordable townhomes in Metro Vancouver, how long will it take before we see “for sale” signs?
Market Trends
MLS® Home Price Index methodology
Wednesday, December 12, 2018
The MLS® HPI is designed to be a reliable, consistent, and timely way of measuring changes in home prices.
Market Trends
MLS® Home Price Index explained
Wednesday, December 12, 2018
The MLS® HPI is a measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices.
Market Trends
Economists agree benchmark prices are the most accurate
Wednesday, December 12, 2018
The MLS® HPI is the best and purest way to gauge home price trends.
Home Ownership
Strata parking spaces and storage lockers
Thursday, November 8, 2018
What documents do you have to check to make sure the parking spot and storage locker come with the apartment you plan to buy?
Taxes
All you need to know about Vancouver's Empty Homes Tax
Thursday, January 11, 2018
Each home owner will have received a property status declaration from the City to determine if their property is subject to the Empty Homes Tax.