A new report from McGill University commissioned by the British Columbia Hotel Association found that British Columbia's long-term renters have been paying an extra $2 billion in rent between 2016 and 2019 due to the impact of short-term rentals such

Rates.ca recently reported that homeowners with a variable rate mortgage have paid thousands more in interest since rate hikes by the Bank of Canada began. Rates.ca mortgage and real estate expert Victor Tran said that the report shows what the

The Bank of Canada has decided not to raise rates in September, but James Laird, co-CEO of Ratehub.ca and CanWise president, believes borrowers cannot afford to be complacent about future interest rates. The Bank has indicated that it is willing

National Day for Truth

Housing affordability crisis in

Following the Bank of Canada’s recent interest rate hikes over the summer, housing markets in the country's largest markets have continued to moderate. The strong spring housing rally has cooled, leading to more balanced conditions in most markets. In the

Cautious buyer sentiment to

Burnaby welcomed new neighbours to Byrnepark Drive this month, with the opening of Byrnepark, a five-storey development with 122 condominiums and 20 non-market rental units called Susana Cogan Place. Rents for the homes range from $375 per month for a

The income needed to