Government policies have a significant impact on the housing market in British Columbia (BC). Here's a breakdown of some key policies and their effects: 1. Foreign Buyer Tax The foreign buyer tax was imposed in 2016 with the goal
For many years, British Columbia (BC) has been at the forefront of discussions about the housing market in Canada. Due to the province's skyrocketing housing costs, owning a home is becoming an unattainable goal for many, especially in Vancouver, the
British Columbia (BC) is grappling with a severe housing affordability crisis. One potential solution that has garnered attention is building homes on leasehold land owned by the Crown. This strategy could provide a viable path to more affordable housing in
There has never been a building boom like the one currently underway in British Columbia's Lower Mainland. This increase is the result of several factors coming together, such as development, fast population expansion, and rising demand for both residential and
