The BC Rental & Age Restriction Bylaw Ban
Posted on Dec 20, 2022 in Resources
As of November 24, 2022, the BC provincial government passed new legislation which immediately overrides any strata bylaws restricting rentals in their building.
This the provincial government's attempt to create more housing availability by allowing thousands more empty condos and townhouses across BC to now be rented out.
However, strata corporatio...
3 Reasons Why the Vancouver Real Estate Market Won't Crash
Posted on Nov 25, 2022 in Resources
To the people who are waiting for a real estate crash to happen in Vancouver, I have some bad news for you...and here are 3 reasons why you won't see it happen:
#1 Immigration
#2 Strong Rental Market
#3 Low Inventory
Canada's Foreign Home Buyer Ban
Posted on Oct 25, 2022 in Resources
Starting on January 1, 2023, foreign home buyers will not be able to purchase residential real estate in Canada for a period of 2 years. Here's what you need to know:
This legislation was created to:
- Reduce foreign money coming into Canada to buy residential real estate
- Establish penalties for anyone who helps a non-Canadian to violate this law
- Cool th...
HUNGER GAMES: Vancouver Rental Market
Posted on Sep 23, 2022 in Resources
The Vancouver rental market is like the Hunger Games because so many people are trying to rent right now!
But for the people who were in the market to buy over the last few years and are jumping into the rental market now because inflation and interest rates have risen.... do you know what the average rent for a 1 bedroom unfurnished condo in Vancou...
Mortgage Financing for Foreigners Buying in Canada
Posted on Jul 17, 2022 in Resources
Thinking of buying real estate in Vancouver as a foreigner?
In Canada, there's no such thing as owning a home with as little as 3.5% down payment. Grecia, a mortgage specialist at CIBC will explain. Watch now to find out more!
If you have any questions about this type of mortgage financing, feel free to contact us!
Cari Mai PREC*
604-727-9922
cari@cari...
Mortgage Financing for Non-Resident Canadians
Posted on Jul 09, 2022 in Resources
So right now I have quite a few people reaching out to me who are Canadian citizens or Canadian permanent residents who are living and working abroad making foreign income either in the US Hong Kong, London, Singapore and etc. They're wondering whether they can get a mortgage to b...
