Real Estate

Canadian HELOC Debt Rises To Over $302 Billion

Posted on Sep 11, 2019 in Real Estate



Above is a photo of the total amount of loans that is secured with Residential Real Estate.

Canadian real estate owners are back to borrowing against their home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of home equity lines of credit (HELOC) debt reached a new high in June. Growth is no longer nea...

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British Columbia tightens property beneficial ownership to fight money laundering

Posted on Sep 10, 2019 in Real Estate



British Columbia has taken a major step to prevent money laundering with its proposed registry of beneficial owners of the land by lowering the threshold at which shareholders of a property-owning corporation must be disclosed from 25% to 10%.

This move is on its way as Vancouver is going to face a property price boom, this gets triggered by foreign...

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Vancouver home prices are falling and condos are delayed, but industry says real estate recovery on the way

Posted on Sep 07, 2019 in Real Estate



Recently the Vancouver real estate industry has started to climb back to its old ways, beginning its recovery. However the pain is not over at all for most realtors and even developers. 

This Thursday the the British Columbia Real Estate Association have predicted that Vancouver's expected sales will end up to "normalize" by 2020. With only three mon...

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Greater Vancouver real estate sales return to ‘more typical levels’ in August: REBGV

Posted on Sep 05, 2019 in Real Estate



Metro Vancouver’s summer real estate bump continued in August, with sales returning to “more typical levels” according to the Real Estate Board of Greater Vancouver (REBGV).

The real estate board's latest report shows that the GTV region has seen 2,231 sales in the month of August of 2019, this is up 15.7 per cent year-over-year, however this is dow...

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Here's what you need to know about the First-time Home Buyer Incentive

Posted on Sep 03, 2019 in Real Estate



The government's First-Time Home Buyer Incentive (FTHBI) comes into effect today.

FTHBI is a program which has one goal, and it is to make it an easier task for youngsters to buy their first home, by lowering new buyer's monthly mortgage payments.

According to the program, which was introduced by the Liberals in their 2019 budget, the federal governm...

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July 2019 Market Insights from REBGV President Ashley Smith.

Posted on Sep 02, 2019 in Real Estate


Ashley Smith is the President of the Real Estate Board of Greater Vancouver and in this video she discusses and highlights the July 2019 Market Insights. 

If you would like to learn more about the current market insights , or if you are thinking about buying or selling your properties, please contact Matt Gul, who is a top luxury real estate agent si...

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