Canada must expose hidden company owners to end 'snow washing,' inquiry hears
Posted on Feb 29, 2020
VANCOUVER — Canada must urgently create public registries that reveal the true owners of corporations in order to shed its international reputation as a destination for laundering the proceeds of crime, an inquiry has heard.
British Columbia’s money laundering inquiry was told information from a group of tax fairness groups. They told the money laun...
Move over Toronto and Vancouver – why rich Chinese are buying up Montreal real estate over other Canadian cities
Posted on Feb 23, 2020
If you would ask any Canadian citizen a couple years ago, where should I invest in Canada for my real estate, they would usually say Vancouver and Toronto, yet recently this has changed, Chinese peoples investment...
Duplexes making ‘modest’ inroads into Vancouver housing options
Posted on Feb 22, 2020
In 2019, the city received 86 duplex applications, which translates to about 23 per cent of all redevelopment applications in single-family (RS) zones.
At the moment when the city council had agreed on allowing duplex in most of the single-family neighbourhoods on a trial basis, the city staff had predicted that due to this, more duplex applications...
Homebuyers, take note: Canada's mortgage stress test rate is changing in April
Posted on Feb 20, 2020
The federal government is changing the stress test rate for insured mortgages starting April 6 that experts say should make it marginally easier for some buyers to purchase their first home, or owners refinancing their existing mortgages.
This new stress rate is going to have some big changes, these changes will affect people all over Canada. The ne...
'Strata market in crisis': Some B.C. condo buildings unable to buy insurance
Posted on Feb 16, 2020
Condo Association director knows of 11 B.C. stratas currently unable to secure building insurance. In a normal year, he said, there wouldn't be any stratas in that situation.
More B.C. stratas are reporting unpleasant surprises when they try to renew their condo insurance, with some facing shocking hikes in their premiums while others are unable to...
Vancouver home supply down again in January as sales rise
Posted on Feb 14, 2020
Homes sales across the Vancouver region rose over 40 percent last month when compared to January 2019. But as sales continue to steadily improve following a long slump, a new challenge is threatening to slow the market recovery: a lack of new listings.
Although January's sales were higher when compared year-over-year, however, January's sales remain...