New rules go into effect to allow 30-year mortgages for some first-time homebuyers

by clarkwoods | Aug 18, 2024 | Real Estate

Changes by the federal government aimed at making home ownership more affordable for first-time homebuyers went into effect this month, allowing 30-year mortgages for some prospective buyers, up from the standard 25-year term. As a result of the changes, which went...

Metro Vancouver Real Estate Market Sees Inventory Rise

by clarkwoods | Aug 17, 2024 | Real Estate

The Metro Vancouver real estate market experienced a notable increase in new property listings in July 2024, with the total number of new listings rising nearly 20% year over year. However, despite the influx of new properties, residential sales in the region totaled...

New B.C. Renter Website to Protect Tenants from Bad Faith Evictions

by clarkwoods | Jul 14, 2024 | Real Estate

The B.C. provincial government is launching a new website later this month they say will protect renters from bad faith evictions and improve the eviction process for landlords. Starting July 18, landlords must use the new Landlord Use Web Portal to generate Notices...

Metro Vancouver Home Sales Drop in June, Inventory Rises

by clarkwoods | Jul 14, 2024 | Real Estate

Metro Vancouver home sales fell 19.1% in June 2024 compared to last year, well below historical and seasonal averages. According to the Greater Vancouver Realtors, which collects MLS data on home sales in the Lower Mainland, sales are down 23.6% over the 10-year...

New eviction rules could make buying a home more difficult, say housing industry insiders

by clarkwoods | Jul 14, 2024 | Real Estate

There are new concerns over potential negative impacts new eviction rules put forward by the provincial government this month. As of July 18, the province is requiring landlords to give four months’ notice instead of two when evicting tenants for personal or family...