Homeowners

A new report from Statistics Canada shows B.C.’s share of investor-occupants, who own a single property with multiple units, including their primary place of residence, is much higher than in other provinces. Homes are pictured in Vancouver, Tuesday, April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Investor-occupants made up almost 10% of B.C. homeowners in 2020: Statistics Canada

That’s compared to 2.5% in New Brunswick, 1.8% in Nova Scotia and 0.8% in Ontario

 

Homes under construction are seen in a new subdivision in the Ottawa suburb of Kanata, on Friday, July 30, 2021. First-time homebuyers in Canada are facing one of the toughest real estate markets in generations. THE CANADIAN PRESS/Justin Tang

Tips for first-time homebuyers as affordability in Canada continues to deteriorate

Home prices slowly beginning to improve, but overall affordability still down

 

Snow-covered houses and the downtown skyline are seen with the North Shore mountains in the distance in Vancouver on Thursday, December 30, 2021. Those who own a home in British Columbia valued at just under $2 million will still be eligible for the annual homeowner grant. THE CANADIAN PRESS/Darryl Dyck

Homeowners grant threshold leaps to $1.9 million in B.C. as property values increase

New cap will ensure 92 per cent of residential properties are covered

 

A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward

Parents are gifting increasingly large sums of money for kids’ down payments: CIBC

Average gift for first time homebuyers rose to $82,000 in 2020

A real estate sign is pictured in Vancouver, B.C., on June 12, 2018. THE CANADIAN PRESS Jonathan Hayward
Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward

Ottawa to change stress test rate for insured mortgages next month

Qualifying rate will be borrower’s contract rate or weekly median 5-year fixed insured mortgage rate

Homes are pictured in Vancouver on April 16, 2019. THE CANADIAN PRESS/Jonathan Hayward