News: Vancouver Real Estate Market

Summary of Findings:

  • A tariff on all Canadian imports to the United States would have serious consequences for the Canadian and BC economies.

  • A 25% tariff would push both the Canadian and BC economies into recession. The impact could be compounded by a broader trade war and retaliatory tariffs by Canada.

  • Under the most likely scenario, the BC housing market would see a temporary decline in activity before posting a robust recovery as mortgage rates decline substantially, thereby unleashing pent-up demand....

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Essential Home Features to Age in Place

The recently distributed Royal LePage report on essential home features for Canadians planning to age in place was distributed to the media this week. The release includes insights from experts across Canada into the most important features and consideration for older Canadians who wish to remain in their homes longer.


Key highlights from the national release include:

  • 43% of survey respondents say a fully-equipped main-floor living space is essential for seniors planning to age in place.
  • 42% of r...
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Vancouver's booming real estate industry is being targeted in a federal money-laundering audit that could potentially lead to massive fines and jail time for realtors.

     

Ottawa's increased examination of Vancouver real estate deals has been under way for several months and has been revealed in a Province investigation that obtained rare internal data and risk-analysis reports from Canada's financial intelligence unit, Fintrac.

 

Documents obtained under access to information...

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