News: Vancouver Real Estate Market

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Posted in amortization, federal budget, Federal Government Programs, first time buyers, foreign buyer ban, foreign buyers, Greater Vancouver Housing, greater vancouver real estate, greater vancouver realtors, Housing Policy, Metro Vancouver Real Estate Market, mortgage, Mortgage Rules, multiplex, new rules, Small-Scale Multi-Unit Housing, Supply
What Budget 2026 Means for Metro Vancouver Buyers and Sellers

Housing was front and centre in the federal government's Budget 2026. Ottawa is proposing changes to the foreign buyer ban, new mortgage insurance rules that could give buyers more options, and a big new investment in housing supply. Here's my plain English rundown of what was announced and what it could mean for you if you're buying, selling or investing here in Metro Vancouver.

Foreign buyer ban extended, but new homes exempt

The current foreign buyer ban is set to expire on January 1, 2027. The ...

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Posted in Buyers, first time buyers, foreign buyer ban, foreign buyers, Home Buyers

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...
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