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Real Estate News

Burnaby property tax increase lowest since last municipal election year

Burnaby property tax increase lowest since last municipal election year

Property taxes in Burnaby in 2018 will rise by 1.5 per cent. That’s about half the average increase of the last three years and half what the hike is anticipated to be in each of the next four years.
Editorial: Why new speculation tax is not a speculation tax

Editorial: Why new speculation tax is not a speculation tax

Those of us who keep a close eye on the B.C. real estate industry and housing policy were widely anticipating a speculation tax to be introduced in last week’s B.C. Budget, as it had been heavily hinted at by the NDP in advance of the announcement.
Meet the Richmond man bent on tackling money laundering in real estate

Meet the Richmond man bent on tackling money laundering in real estate

Sasha Caldera works for Canadians for Tax Fairness, which wants to cast light on anonymous home ownership
Door shut on down payment loans for first-time buyers

Door shut on down payment loans for first-time buyers

A short-lived and little-used loan program for first-time homebuyers in B.C. is coming to an end. Applications under the B.C. Home Owner Mortgage and Equity Partnership will be accepted until the end of March.
Tempted to sell your Metrotown condo? Don't be too hasty

Tempted to sell your Metrotown condo? Don't be too hasty

Expert recommends that Burnaby condo owners should hold off for a collective deal if they're approached by developers
NDP taking housing affordability seriously with budget, says business prof

NDP taking housing affordability seriously with budget, says business prof

Urban Development Institute argues budget doesn’t address real problem
$500,000 doesn’t go far in Burnaby’s new condo market, report finds

$500,000 doesn’t go far in Burnaby’s new condo market, report finds

Half-a-million dollars will get you a 450-square-foot condo in Burnaby, according to a recent real estate survey. The survey by real estate data firm Altus Group Ltd.
BC down payment loans boosted home prices 0.6 per cent

BC down payment loans boosted home prices 0.6 per cent

The BC HOME Partnership Program (HPP), which offers first-time buyers a loan to help with their down payment, has had relatively little impact on condo and townhome prices, according to the findings of a recent report by the BC Real Estate Associatio
One-third of baby-boomers helping millennials buy real estate

One-third of baby-boomers helping millennials buy real estate

One-third of Canadian baby-boomers – and more in Metro Vancouver – plan to give ‘living inheritances’ to their adult children specifically to help them buy real estate, a new survey has found.
New ‘dual agency’ ban throws real estate agents into disarray

New ‘dual agency’ ban throws real estate agents into disarray

A new B.C.