CIBC and RBC Predict BoC Interest Rate Cuts in June 2024
As major North American equity indexes flirt with record highs, investors shift their focus to economic data and central bank announcements to gauge market direction. Notably, CIBC’s deputy chief economist, Benjamin Tal, stood out earlier this year by accurately predicting that the Bank of Canada (BoC) would not cut rates in the spring. Now, as inflation trends and economic growth continue to evolve, Tal provides updated insights into what lies ahead for Canada's economy and stock market.
Canada Will Increase Capital Gains Tax Starting June 25, 2024
The Canadian federal budget for 2024 proposes significant changes to the capital gains tax. Key points include:
Burnaby Launches New Zoning Plan to Boost Housing Options
Burnaby, led by Mayor M. Hurley, is updating its old zoning rules from 1965 to help build more types of homes in areas traditionally meant for single or two-family houses. This big decision was made at the Planning and Development Committee meeting on April 8, 2024.
Burnaby’s Bold Move: Transformative Zoning Bylaw Amendments to Enable Small-Scale Multi-Unit Housing
In a significant development on April 8, 2024, the Planning and Development Committee of Burnaby, chaired by Mayor M. Hurley, adopted a groundbreaking proposal to amend the longstanding Burnaby Zoning Bylaw of 1965. This initiative is set to reshape the city’s housing landscape by facilitating small-scale multi-unit housing in traditionally single and two-family neighborhoods.
City of Burnaby Unveils New Zoning Strategy to Boost Small-Scale Multi-Unit Housing Development
Important Questions You Need to Know Before Buying a Home
Recently, one of my clients inspired me to create this video. To protect her privacy and for storytelling convenience, we're using fictional names. Recently, a client named Xiao V purchased a newly built detached house. You may know that sometimes newly built detached houses are located in newly developed neighborhoods and may be similar to urban apartments or townhouses, also known as Strata properties. Although the ownership is independent, they still require management fees; some expenses for repairs and maintenance in the community are shared. There may be restrictions on renting, repairing, and rebuilding.
Building Your Dream Laneway Home in Burnaby: A Comprehensive Guide
Imagine expanding your living space, generating rental income, or creating a cozy guest suite – all within the comfort of your own backyard. In Burnaby, laneway homes are making these dreams a reality, transforming backyards into vibrant neighbourhoods and offering unique housing options. This comprehensive guide equips you with everything you need to know about building a laneway home in Burnaby, from eligibility and regulations to design considerations and the application process.
Unlocking Attainable Housing: Understanding Small-Scale, Multi-Unit Housing
In a bid to address the pressing need for affordable housing, particularly for middle-income families, British Columbia has introduced measures to enable the development of small-scale, multi-unit housing. These changes, while significant, aim to create housing options that are both attainable and compatible within established single-family neighborhoods.
More Homes, More Choices: British Columbia Embraces Small-Scale Housing Solutions
British Columbia is taking a bold step to address its housing affordability crisis by introducing small-scale, multi-unit housing. This exciting new initiative provides diverse housing options within established neighbourhoods, aiming to make homes more accessible for middle-income families.
Understanding Burnaby’s Changing Housing Landscape: A Guide to Provincial Legislation
In November 2023, British Columbia witnessed a significant shift in its housing policies as the provincial government introduced new legislation. These changes are set to ripple across the province, affecting communities far and wide, including our beloved city of Burnaby.
New Housing Legislation Reshapes Burnaby Landscape
Burnaby, British Columbia, is about to undergo a significant transformation in its housing landscape. New provincial legislation enacted in November 2023 will dramatically change the approval process for residential projects, allowing for much higher densities than traditionally permitted in single-family neighbourhoods. This blog post aims to unpack the key aspects of these changes and their potential impact on Burnaby residents.
Burnaby vs. Vancouver: Why I Think Burnaby is a Better Choice for Real Estate Investment
When considering real estate investment in Canada, the Greater Vancouver area on the West Coast is an obvious choice. The Greater Vancouver region is known for its mild climate, making it one of the most livable metropolitan areas in Canada. Cities like Vancouver, Burnaby, and Richmond, with their convenient locations and high proportion of Chinese residents, are particularly suitable for Chinese communities. Today, I want to share why I believe Burnaby might be a more suitable place to live and invest in real estate compared to Vancouver.
Which season is the best time to buy a home in Vancouver?
Every year, Vancouver presents different faces in each season, and these seasonal changes are also reflected in the real estate market. Vancouver's climate is relatively mild, with distinct seasons, so the choice of home-buying season here may be different from other places. Below, we will discuss the advantages and disadvantages of buying a house in each season in the Vancouver market:
The new policy on duplexes in Burnaby, save a lot for your retirement, Gary says
With Vancouver allowing the construction of eight units on a single detached housing plot, Burnaby has also taken a historic step forward in expanding housing types and increasing residential density. The city has approved accessory suites in laneway homes and duplexes.
Vancouver’s new regulations: Single-family homes can be converted into 8 units! Will homeowners get rich?
Big news! Just two days ago, the Vancouver City Council unanimously passed a major amendment to the city's zoning and development regulations, allowing the construction of multi-unit residences in communities where only single-family homes were previously permitted.
Exploring Richmond: Introducing Richmond’s Communities
Richmond is a city in the western part of British Columbia, Canada, and colloquially referred to as the "Gateway to the Pacific" or the "Liberation Zone." Richmond is an enchanting place, offering unparalleled convenience in daily life and a plethora of shopping options. Whether you crave certain foods or goods, Richmond has it all. The city also boasts excellent educational opportunities, making it an ideal choice for both investment and residence!
Consequences of Illegally Cutting Trees in Vancouver: Heavy Fines Up to 400,000 CAD?
The Consequences of Illegally Cutting Trees in Canada
New Regulation: Vancouver Allows 3-8 Residential Units on a Single Detached House Lot
Did you know that Vancouver is implementing a policy allowing 3-8 residential units on a single detached house lot? How will this impact Vancouver's housing prices? Let's dive into the details.
Burnaby vs. East Vancouver
A customer asked, "Why are the prices of detached houses in Burnaby and East Vancouver similar, or even higher in Burnaby? Implicitly, how can Burnaby's property prices compare to Vancouver?"
Unlocking Greater Vancouver: A Comprehensive Guide to Diverse Lifestyles and Vibrant Communities
In the Greater Vancouver area, known as Greater Vancouver (Da Wen), there are not only the internationally renowned city of Vancouver itself but also its surrounding major cities, forming a diverse and thriving metropolitan area. This region is famous not only for its spectacular natural landscapes and livable environment but also for its thriving economy, rich culture, and diverse communities. Each city has its unique charm and features, whether it's the upscale luxury homes in the west, the natural beauty of the north, the rapid development in Burnaby, the Chinese community in Richmond, Chinese cuisine, or the emerging development in Coquitlam. This video will take you on a journey to explore these major cities, providing a better understanding of these fascinating communities, repeatedly recognized as some of the world's most livable cities.