Category Archives: Housing
3 in 4 British Columbians support banning foreign real estate buyers
More than three-in-four British Columbians are in favour of banning most foreign nationals from purchasing real estate in Canada, a new Research Co. poll has found. 78% of British Columbians support having legislation similar to the one currently in place
“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
Metro Vancouver detached prices plummeting in May
Metro Vancouver detached home prices are in free fall in May as economic turbulence caused by COVID-19 related lock down measures continue to rock the region’s housing market. The OpenHousing House Price Index for detached properties – calculated using the
Canada looking to increase minimum mortgage down payments from 5% to 10%
Canada is looking to stop its historic household debt soaring even higher due to the novel coronavirus crisis by requiring higher mortgage down payments, the country’s national housing agency said. Evan Siddall, president and CEO of the Canada Mortgage and
Vancouver Mayor wants to remove renter protections amid COVID-19 pandemic
Update: 10:50AM PDT. Mayor Stewart has withdrawn the motion. Vancouver Mayor Kennedy Stewart will introduce a motion today to remove protections for renters facing evictions, even as the COVID-19 pandemic exacerbates the city’s housing crisis. Vancouver City Council is scheduled
Metro Vancouver condo prices plunge in April as COVID-19 pummels struggling market
Metro Vancouver condo prices tumbled again in April 2020 as the economic meltdown caused by the COVID-19 pandemic kicked in the teeth a market already reeling from the insurance crisis. The OpenHousing House Price Index for condo properties – calculated
“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.
Airbnb asks government to bail out hosts in Canada
Airbnb spent the last decade ruthlessly going after all levels of government to remove or water down housing rules that stand in the way of long term rental units being turned into irregular hotels. Airbnb hosts labelled government attempts to