News: Vancouver Real Estate Market

A recent survey reveals that 83% of adults in British Columbia, specifically those from Generation Z and younger Millennials aged 18 to 38 (born between 1986 and 2006), view homeownership as a valuable investment. Among those who don't currently own a home, 77% plan to purchase a primary residence during their lifetime.

"Young Canadians have a strong positive outlook on owning real estate. Despite the challenges of entering urban markets like Vancouver, this demographic sees homeownership as a significant...

The Federal government’s new legislation banning foreign buyers from directly or indirectly purchasing property in Canada for a period of 2 years came into effect on January 1, 2023.

Who is a Foreign Buyer or Non-Canadian for the the purpose of this legislation?

The act defines a non-Canadian as:

1. An individual who is neither a Canadian citizen nor a person registered as an Indian under the Indian Act nor a permanent resident;
2. The Act restricts non-Canadians from avoiding the ban by...