Category Archives: Real Estate
“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
BC Real Estate Association predicts 21% drop in residential property sales
By Marina Wang According to a housing forecast update from the British Columbia Real Estate Association, residential sales are predicted to fall 21 per cent by the end of the year, from 103,768 last year to 82,000 this year. The
Woman using townhouse as Airbnb hostel taken to court
By Marina Wang The City of North Vancouver is asking the Supreme Court to step in on the case of woman running her townhouse unit like a hostel on Airbnb. Emily Yu rents out 14 to 15 beds to short-term
Most Vancouver houses sold below assessment in May
By ThinkPol Staff The number of Vancouver detached houses selling below assessed value in May outnumbered those selling for more, with some going as low as 32% below, making it the fourth month in row that a majority of Vancouver