Rob Shaw: Timeline for B.C.’s new housing initiatives poses challenge for province
The Pique News Magazine
Now that Premier David Eby has passed a generational change in housing policy, public attention is shifting to how it will all actually roll-out in the real world.
Implementing five major new housing laws is complex, to say the least. Timelines are all over the place for municipalities, developers and homeowners. Read more…
‘Haven’t seen this since the `80s.’: Canadian real estate lenders look to 2024
From Western Investor
One might think amid high interest rates and fears of a recession that real estate lenders would be pulling back on the amount of capital they are loaning out.
Instead, lenders across Canada are optimistic about 2024, with 79 per cent saying they plan to loan more money to facilitate transactions next year, according to a Nov. 27 report from real estate services firm CBRE Canada. Read more…
Some Kelowna investors want out of short-term rental game as new legislation looms
From Western Investor
Kelowna realtors are hearing from condo owners who are considering putting their units up for sale because of new provincial, federal and possible municipal rules cracking down on short-term rentals.
“We have property management as well. So, we have seen a lot of these folks switch to long-term and then we’ve also seen some folks put their properties on the market,” said Hazzi, noting others are taking a wait-and-see approach. Read more…
Metro Vancouver developers delaying real estate projects amid higher rates, escalating costs
From Western Investor
Amid concerns and social media chatter that a Canadian developer may soon find themselves in financial straits, four Metro Vancouver development companies say they are doing just fine.
The development industry is navigating a higher-interest-rate environment, but one that is unique compared to 2008-09, due to the compounding impact of rapidly rising rates colliding with high construction costs, permitting delays and increasing government fees, taxes and levies. Read more…
Langford development hinges on federal funding in tough market
From Western Investor
Those looking for a vision of what the future of housing in B.C. could look like if the legislature passes a suite of bills aimed at encouraging affordable, resilient housing might want to take a look at a project that broke ground in Langford this week. Read more…
2024 Canadian Housing Market Outlook
Click here to read more about the 2024 Canadian Housing Market.
Greater Vancouver Housing Market Outlook (2024)
From Remax Blog
Click here to read more about the 2024 Greater Vancouver Housing Market.
Victoria Housing Market Outlook (2024)
From Remax Blog
Click here to read more about the Victoria Housing Market.
Nanaimo Housing Market Outlook (2024)
From Remax Blog
Looking to buy a winter home? Here’s where prices have dropped in Canada
From Global News
If you’re looking to buy a winter home, it might be a good time to enter the cooling market with prices dipping and inventory rising in some of Canada’s popular ski regions.
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