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July 2023

District of North Van to Hold Public Hearing on Short-Term Rentals

Posted on Jul 31, 2023


Is it time to roll out the welcome mat for short-term rentals like Airbnb in the District of North Vancouver, or tell them to start packing their bags?

The public will soon have their say on a suite of proposed bylaw changes that could legalize and regulate short-term rentals.

Currently, STRs aren’t permitted in the district, but the last count by di...

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B.C. Real Estate Boards Introduce Disclosure Form for Multiple Offer Situations

Posted on Jul 26, 2023


An upcoming change by real estate boards in Metro Vancouver and the Fraser Valley promises to bring slightly more transparency to bidding wars over properties in the region.

Beginning on July 17, the Real Estate Board of Greater Vancouver, the Fraser Valley Real Estate Board and the Chilliwack and District Real Estate Board will implement a disclosu...

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Vancouver Ranked Top City for Rental Parking, Top Three for Gyms & Pools

Posted on Jul 19, 2023


Vancouver is known as being one of the most expensive cities in Canada when it comes to rentals, and with that growing focus comes increasing attention to the amenities on offer.

The city is ranked as the top city in the nation for rental parking, according to a new real estate trends report by Kijiji.

Vancouver has the most rental condos with two o...

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Central Lonsdale Penned for Hefty Revitalization

Posted on Jul 14, 2023


What would Lonsdale Avenue look like if it were to become a "Great Street," similar in vein to Toronto’s or San Francisco’s?

It was the question at the centre of discussion for the City of North Vancouver council on Monday, as they came together to talk on the redevelopment and revitalization of Central Lonsdale.

Staff presented a plan to reshape Lon...

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BoC Raises Key Interest Rate to 5%, Expects Slower Return to Inflation Target

Posted on Jul 12, 2023


OTTAWA — The Bank of Canada raised interest rates again on Wednesday, hitting the economy with even higher borrowing costs as new projections suggest it will take longer for inflation to fall back to two per cent.

The central bank hiked its key interest rate by a quarter of a percentage point, bringing it to five per cent.

Forecasters were widely an...

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Home Prices Continue to Rise in Vancouver's Housing Market to Kick Off the Summer

Posted on Jul 10, 2023

Continuing the trend that has emerged in the housing market this year, the benchmark price for all home types in Metro Vancouver increased in June as home buyer demand butted up against a limited inventory of homes for sale in the region.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2...

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