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Real Estate

Buyers can’t get out of home purchase contracts because of COVID-19

Buyers can’t get out of home purchase contracts because of COVID-19

“Force majeure” get-out clause doesn’t automatically apply to real estate contracts during pandemic, even if you lose income and no longer want to buy
B.C. announces $500-a-month rent aid, freezes rent increases and evictions

B.C. announces $500-a-month rent aid, freezes rent increases and evictions

Rent supplement will be paid directly to landlords, in cases where tenants are struggling to pay rent due to income lost through virus crisis
Stop holding strata council meetings, open houses, says B.C. real estate regulator

Stop holding strata council meetings, open houses, says B.C. real estate regulator

Real Estate Council of British Columbia (RECBC) the latest in recommending an end to strata council meetings and open houses during the COVID-19 outbreak.
No open houses for real estate listings; sick buyers must stay home

No open houses for real estate listings; sick buyers must stay home

Buying, selling and even building a home can continue during the COVID-19 pandemic – using reasonable practices, say industry groups
Vancouver considers virtual hearings for rezoning applications amid COVID-19 outbreak

Vancouver considers virtual hearings for rezoning applications amid COVID-19 outbreak

City of Vancouver focusing on future and existing housing in COVID-19 response
Province looking at impact of COVID-19 on renters and landlords

Province looking at impact of COVID-19 on renters and landlords

Vancouver West End MLA Spencer Chandra Herbert gathering info and feedback on rental issues
‘Unprecedented paralysis of activity’ to curtail B.C. home sales: BCREA

‘Unprecedented paralysis of activity’ to curtail B.C. home sales: BCREA

Any buyer stimulus due to lower interest rates will be offset by economic paralysis, predicts association, which also calls for financial aid for households
Can B.C. fix its condo insurance crisis?

Can B.C. fix its condo insurance crisis?

Tough insurance market conditions driving premiums through the roof
Onni Group mulls height and density increase on Pearson Dogwood site

Onni Group mulls height and density increase on Pearson Dogwood site

Proposal would produce significant increase in rental apartments in development.
Value of B.C. home sales in February jumps 41% year over year

Value of B.C. home sales in February jumps 41% year over year

Province's average home sale price last month was 12 per cent higher than a year ago, on sales that were up 26.3 per cent