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Canada’s Mortgage Stress Test and Declining Home Prices

The Vancouver and Canadian housing markets are beginning to shift. After years of borrowing and price inflation, regulators are beginning to shift course. CIBC recently announced they are expecting a 50% decline in new mortgage originations later in 2018. Slowing mortgage loan growth reflects weaker and less frequent home sales activity. While CIBC does not […]

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Vancouver Condo Prices are Crashing—Here’s Why

The greater Vancouver condo market is beginning to shift. Condo sales have long carried the Vancouver real estate market. With single home sales hitting record lows and Vancouver’s affordability decreasing each month, condo sales have remained robust. For years, condo sales have remained robust in the face of continuously declining inventory levels. This limited availability […]

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Financial Checklist for First-Time Homebuyers

For many, purchasing a home will be the largest expense ever incurred. Before diving in, it is essential to organize your finances strategically to better understand your budget, home requirements, and desired area. Here is a simple but comprehensive checklist to help you move forward toward this major, life-changing purchase. Save, save, save—Experts suggest that […]

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What Options Do I Have While Building a Home?

Most homeowners don’t realize that building a home can take several forms. Not all “custom” homes are truly “customized.” Whether or not you’re working with an architect to create custom modifications, when building a home, you will need to choose between working with a production builder and a custom builder. Both types are excellent options, […]

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Vancouver Land is in High Demand—Here’s Why

In recent years, Vancouver’s housing market has attracted a lot of attention. No, not for its natural beauty and the bountiful amenities. With a Multiple Service Listing Home Price Index (MPL HPI) of $1,046,900, this is Canada’s most expensive real estate market. Home and land prices have risen steadily over the past decade, making area […]

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Vancouver Bans Airbnb for all Rental Properties

In November of 2017, the Vancouver City Council announced that Airbnb would be banned from all secondary residents. This includes investment condos, houses, basement suites, and coach houses. The official regulations come amidst a budding housing crisis within and around the city. The new regulations require Vancouver hosts to obtain a business license, which costs […]

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