Federal government finalizes new rules for uninsured mortgages
Canada's Office of the Superintendent of Financial Institutions (OSFI) has finalized new rule changes for new government-backed uninsured mortgages. The changes are part of the final version of Guideline B-20 − Residential Mortgage Underwriting Practices and...
Autumn selling makes good sense
Autumn is here and children and university students are back in class. Autumn can be a great time to get the best value for your home. Here's why: Autumn buyers are serious. While there may not be as many buyers looking, the buyers who do visit open houses are...
Smaller homes – what Statistics Canada 2016 Census data tells us
Close to one-third (28.7%) of Metro Vancouver adults now live in one-person households, according to newly released Statistics Canada 2016 Census data. Married couples with children no longer predominate. The City of Vancouver has the highest number of singles home...
What’s a home sale worth to the economy?
The real estate industry is a key economic driver in British Columbia Each time a home changes hands, the transaction generates significant spin-offs, creates jobs and keeps our communities growing. In 2016, 39,943 homes changed ownership in the Board’s area,...
Port Moody takes off
Metro Vancouver is growing - and our population is expected to increase by1.1 million by 2041. Sleepy Port Moody, a waterfront community of 35,000 set on the picturesque east side of Burrard Inlet, has been discovered thanks to the Evergreen Line which makes commuting...
Owners of pre-1940 character homes in Vancouver may be able to stratify
Buyers and owners of pre-1940 character homes in the City of Vancouver may soon be able to build infill housing or suites in their homes and sell them under a strata agreement. The city is proposing these incentive as a way to save the 12,000 pre-1940 homes with...
Tax implications of vacation homes
Tax implications of vacation homes It’s happened to many of us. You spend a gloriously relaxing weekend or week out of town, at Whistler, Pender Island or even in downtown Vancouver. You find yourself thinking, “Maybe we should buy a place here and get away more...
Buying a Vacation Property
You spend a fun, relaxing weekend out of town, at Whistler, on a Gulf Island, or in downtown Vancouver. You find yourself thinking, “Maybe I should get away here more often.” This is where a Royal Pacific Realty Group REALTOR® can help. We can provide market...
Mid-summer holiday selling in Metro Vancouver makes good sense
Are you waiting until September to put your home on the market when everyone gets back from holidays? Think again. Mid-summer can be a busy time of year for sales. Here's why! Summer buyers are serious buyers. Often, buyers purposely take time during the summer...
Save a downpayment to buy a home this year. Here’s how!
You're saving a down payment to buy your first home. Follow these steps and watch your down payment grow. 1. Are you celebrating a birthday? Consider setting up a down payment account. Then let mom, dad, grandma, older siblings, aunties and uncles, and anyone else who...
Royal Pacific Realty cares about its communities
Some things remain constant. Royal Pacific REALTORS® dedicated commitment to improving the quality of life in their communities is one of them. Royal Pacific REALTORS® are well known for donating their time and energy to charitable causes. Setting the tone and...
Vancouver plans to regulate short-term rentals
To protect long-term rental housing stock Vancouver is proposing to regulate short-term rentals (STRs). An STR is a rental for less than 30 days in a residentially zoned property, other than a bed and breakfast (B&B). There are upwards of one thousand STRs within...