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
Introduction British Columbia (BC) is well known for its dynamic cities, breathtaking natural scenery, and excellent standard of living. It is no secret, though, that living in this attractive province can be expensive, especially when it comes to the housing
British Columbia is acting proactively to address the growing demand for affordable housing in a housing market that is changing quickly. The BC Housing Secondary Suite Incentive Program is a major project in this endeavor (SSIP). The goal of this
British Columbia (BC) is experiencing a dramatic transition in residential development due to breakthroughs in technology, increased emphasis on sustainability, and evolving lifestyle preferences. In British Columbia, architects, builders, and homeowners are adopting new trends that not only make homes
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
British Columbia (BC) is well known for its stunning natural beauty, energetic cities, and excellent standard of living. But the province also has serious problems with housing affordability, especially in big cities like Vancouver. The high cost of housing is
Understanding the relationship between interest rates and inflation is crucial for grasping the dynamics of economic policy and its impact on the local economy. In British Columbia (BC), Canada, the interplay between these two variables significantly influences the overall economic
British Columbia’s construction industry is a cornerstone of its economy, driving growth, employment, and development. However, the sector is highly sensitive to fluctuations in interest rates, especially those related to mortgages. With recent hikes in mortgage interest rates, the construction
The misuse of tenant rights has significant repercussions on the rental market, particularly in terms of rent increases. When tenants exploit legal protections to avoid fulfilling their responsibilities, it creates a cascade of financial and operational challenges for homeowners. These
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
