When the federal government introduced the foreign buyer ban, the intention was straightforward — to make housing more affordable for Canadians by keeping speculative foreign capital out of the market.Nearly two years later, however, the results tell a different story. Home affordability has not improved in any meaningful way, and developers continue to face challenges…
Leverage is a cornerstone principle in real estate investing that, when used effectively, can amplify returns far beyond what would be possible with cash purchases alone. To illustrate the power of leverage, let’s take a historical look at a hypothetical real estate investment in Langley, British Columbia. The Scenario Imagine it’s 1999, and you purchase…
The proposed “Rustad Rebate” by the BC Conservative Party aims to address the province’s ongoing housing affordability crisis. The plan suggests allowing renters and homeowners to deduct up to $3,000 in housing costs from their taxable income, offering financial relief for many. However, this policy has both potential benefits and downsides worth considering. The Potential…
The federal government’s new mortgage reforms, effective December 15, 2024, significantly increase the price cap for insured mortgages to $1.5 million and extend 30-year amortization to all first-time buyers and new builds. This change is expected to make mortgages more accessible, especially in high-cost areas like Vancouver. By lowering monthly payments and enabling more people…