Category Archives: Real Estate

Fashion retailers confront consumer shifts amid ‘long slow ramp’ to new normal

TORONTO — COVID-19 has slammed Canada’s fashion sector like a hurricane, causing serious damage and likely leaving a few casualties in its wake. The mass closing of malls and offices along with the cancellation of celebrations and big events has been

July added to COVID-19 commercial rent-relief program

OTTAWA — Federal and provincial governments have agreed to extend a commercial rent-relief program to help cover July costs for eligible small businesses. The move comes with a few changes to the subsidy, as the COVID-19-related aid faces questions abo...

B.C. proposes ‘first-step’ amendments to laws governing condo insurance

VICTORIA — The B.C. government says it's taking the first steps to address concerns about sky-high costs and the availability of insurance for condominiums that have seen premiums rise by as much as 50 per cent. Housing Mi...

“Question the motivation of anyone who wants you to believe prices will go up” – CMHC boss slams realtors

Canada Mortgage and Housing Corporation boss doesn’t mince his words when it comes to hitting back at realtors who’ve been critical of the national housing agency’s dire real estate market forecast. “Some vocal real estate advisors have labelled us “panic-inducing

Airbnb’s pivot from short-term to long-term stays runs into legal roadblock in Vancouver

By Lisa Tanh Airbnb’s pivot from short-term to long-term stays in Vancouver in the wake of COVID-19 could land both the hosts and the platform in legal trouble, and a city councillor has brought an urgent motion to get ahead

Vancouver realtor declared only fraction of income on tax return, divorce case reveals

A Vancouver realtor may have made nearly a million dollars in some years while declaring poverty-level incomes on his tax returns, a divorce case has revealed. Lan Zhao is suing Jianping Zhou in BC Supreme Court to ask for more

“No” – Government dismisses Airbnb request to bail out hosts in Canada with one word

“No.” That’s the Government of Canada’s one-word response to Airbnb’s request to bail out hosts who are struggling to survive amid cancellations brought on by the COVID-19 pandemic. Parliamentary Secretary for Housing and Member of Parliament for Spadina—Fort York Adam

Airbnb stops offering cash refunds for COVID-19 cancellations as platform cuts costs to survive pandemic

Airbnb is no longer offering full cash refunds for guests who have had to cancel their stay due to COVID-19 travel restrictions, as the short term rental platform takes drastic measures to survive travel slowdown caused by the coronavirus pandemic.

Metro Vancouver detached prices down in January

By OpenHousing Metro Vancouver detached market began the new year with prices sliding in January 2020 as increased market activity witnessed in fall 2019 failed to bolster buyer confidence. The Open House House Price Index for detached properties – calculated

New licencing bylaw drops short-term rental postings down by 47 per cent

By Staff Writer A bylaw implemented to reign in Vancouver’s short term housing market seems to be effective, according to the City of Vancouver. Listings for short term rentals on sites such as Airbnb, Expedia, and Kijiji have dropped from