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Struggles with housing shortages affecting B.C.'s small towns

Struggles with housing shortages affecting B.C.'s small towns

A shortage of affordable housing has led to a growing crisis, and it's taken shape with a tent city in downtown Sechelt that sprung up in recent years.
Home prices decreasing in B.C.’s ski regions, says Royal LePage

Home prices decreasing in B.C.’s ski regions, says Royal LePage

Interest rates, capital gains taxes and short-term rental measures are some factors in province’s recreational property transactions
Immigration cuts will help housing gap, PBO says, but less than government projects

Immigration cuts will help housing gap, PBO says, but less than government projects

OTTAWA — The federal government is overestimating the impact its cuts to immigration will have on the country's housing shortage, the Office of the Parliamentary Budget Officer said in a new report.
Is your mortgage more restrictive than you know?

Is your mortgage more restrictive than you know?

Collateral-charge mortgages might have a bad rep in some quarters but they are not inherently bad products. But many people aren't aware of what they've signed up for.
National home sales surge in October after previous month's supply bump: CREA

National home sales surge in October after previous month's supply bump: CREA

The Canadian Real Estate Association says the number of homes sold in October rose 30 per cent compared with a year ago, marking a shift from the market's holding pattern. On a seasonally adjusted month-over-month basis, national home sales rose 7.
Victoria exceeds first-year housing target, falls short on affordability

Victoria exceeds first-year housing target, falls short on affordability

A city report says 1,477 net new units were completed in the first year, exceeding the target of 659 new homes
$574 million in federal financing to help build Â鶹´«Ã½Ó³»­rental homes

$574 million in federal financing to help build Â鶹´«Ã½Ó³»­rental homes

VANCOUVER — The federal government is providing more than $574 million in financing to help build about 950 rental homes in Vancouver.
Â鶹´«Ã½Ó³»­Island bucks B.C. trend with low residential investor-ownership

Â鶹´«Ã½Ó³»­Island bucks B.C. trend with low residential investor-ownership

Statistics Canada data show local communities prioritize local ownership over investment
B.C. Realtor linked to alleged widespread mortgage fraud racket turns in licence

B.C. Realtor linked to alleged widespread mortgage fraud racket turns in licence

Jin Luo bought a $2.18-million Â鶹´«Ã½Ó³»­property by falsely indicating he had a savings account balance of $850,000 and an annual income of $256,961.
Rent inflation to slow in the next few years, Desjardins predicts

Rent inflation to slow in the next few years, Desjardins predicts

OTTAWA — The rate at which Canadian rental prices are increasing should slow in the coming years as the government's plan to cut back immigration numbers takes hold, a new report from Desjardins says.