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Vancouver City Council approved Vancouver’s first co-housing project, of which there are only nine in Canada. The project is the first to be enabled by the City’s new affordable housing interim rezoning bylaw, which arose from recommendations of the Mayor’s Housing Affordability Task Force.


The new cohousing project on E 33rd Avenue will feature 31 housing units in a three storey building, and is more affordable due to shared spaces and common areas such as kitchens,...

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By Garry Marr, National Post March 4, 2013

Spring housing market could trigger mortgage rate wars as Bank of Montreal lowers rate

The Bank of Montreal has dropped the rate on its mortgages, perhaps leading the charge into a rate war.


The spring housing market is expected to bring on a new battle from mortgage lenders as they compete for what has become a shrinking pie in the form of lower real estate sales.


Bank of Montreal struck first on Friday with a five-year closed mortgage rate of 2.99 per cent — down from 3.09 per cent and now the lowest published rate among...

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By Mike Raptis, The Province March 4, 2013

Surrey’s illegal suites look like an epidemic to some

A residential appraiser in Surrey estimates there are up to 40,000 illegal suites in the city — nearly double the 20,000 previously reported.


The appraiser stands at the foot of the empty lot, asked to assess its value — as if the home to be is already built.

He comes armed with floor plans sent to the city for approval.


In his eight years on the job in Surrey, he’s now seen thousands just like this.


The plans show an...

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Home sale activity has trended below historical averages for a full year in the Greater Vancouver housing market.


The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,797 on the Multiple Listing Service® (MLS®) in February 2013. This represents a 29.4 per cent decrease compared to the 2,545 sales recorded in February 2012, and a 33 per cent increase compared to the 1,351 sales in January 2013.


Last month’s...

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We can't wait to move into our new place which our AMAZING realtor round for us. If you need a realtor you should check him out. He's tops and comes highly recommended!

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