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  1. Elton Ash, Re/Max Canada’s executive vice president, will retire at the end of October this year.

    Says the organization’s president, Christopher Alexander: “Elton is the definition of an iconic real estate leader. He has achieved more in his career than most people can fathom and is an incredible person, too. While we will miss him dearly at Re/Max, I am excited for him and his next chapter. Thank you, Elton, for all of your wisdom and guidance throughout our many years of working together. Re/Max Canada is privileged to continue to build on your incredible legacy.”
    By Susan Doran
    21-09-2023

  2. Hotel rates in New York City likely to go up with Airbnb rentals gone

    Many Airbnb users with bookings in New York City this Christmas are scrambling to find new accommodations.

    The regulations, which caused an uproar among travelers and short-term rental owners, require hosts be present for stays of less than 30 days, with no more than two people staying in a dwelling at a time. Hosts must also register and get approval from the city — or both hosts and booking sites may be subject to hefty fines.
    By Monica Pitrelli
    18-09-2023

  3. B.C. to streamline permitting, offer incentive to homeowners to rent secondary suites

    The province is launching a new guide for homeowners who want to build and manage a rental suite on their property. That comes ahead of planned legislation to make secondary suites legal throughout B.C. and an incentive program that would offer some 3,000 homeowners forgivable loans of up to $40,000 to build and rent them below market rate.

    The province is also launching a one-stop shop digital hub for homebuilding permit applications to help clear backlogs.
    By Elizabeth McSheffrey
    18-09-2023

  4. Ottawa pledges to overhaul competition rules to tackle affordability crisis

    The federal government plans to strengthen competition laws, cut the GST from new home rental construction and push grocery chains to stabilize prices or face consequences, in a wide-reaching effort to address the rising cost of living that the Liberals acknowledge has left voters angry and frustrated.

    Prime Minister Justin Trudeau unveiled the measures at the end of a three-day caucus retreat in London, Ont., where the beleaguered Liberals have been regrouping in the face of declining public opinion polls, falling fundraising numbers and a resurgent Conservative Party.

    By Marieke Walsh
    15-09-2023

  5. Canada is giving small businesses in Canada more time to pay back emergency loans

    The Liberals have decided, after consistent calls from businesses, to give them another year to pay back their Canada Emergency Business Account (CEBA) loans, despite previously taking the position that repayment deadlines were "final and cannot be changed."
    By Rachel Aiello
    15-09-2023

  6. A chronic lack of hotel rooms is a headache for Vancouver tourism, but the effects of the shortage reverberate far beyond that sector

    Vancouver’s limited hotel capacity produces several ripple effects, and has been repeatedly flagged as a problem by tourism businesses.

    Hotel rooms are needed for leisure tourists, people travelling for business and conventions, and for cultural and athletic events of all sizes. 
    By Dan Fumano
    14-09-2023

  7. Stanley v. Grech, the Court of Appeal for British Columbia upheld the dismissal of an action for professional negligence against the plaintiff’s real estate agent

    he property in issue was one of two lots on a residential “strata” property in the Southlands area of Vancouver, in a neighbourhood containing large properties which had luxury homes as well as equestrian facilities.

    It turned out, however, that both the plaintiff and the agent operated under misapprehensions as to the nature of the strata lot. The plaintiff believed that he had exclusive use of both the portion of the lot with the dwelling and the related limited common property and that the entire property could be redeveloped without the consent of the owner of the second strata lot. However, it could not be redeveloped without the consent of the owner of the other strata lot.
    By James R. G. Cook
    13-09-2023

  8. Vancouver City Council to consider allowing up to eight homes on each single-family lot

    Single-family residential neighbourhoods cover much of Vancouver’s land area, and such lots in these areas could see more homes on the same plot of land — going beyond the current limitations.

    Vancouver City Council is set to consider City of Vancouver staff’s recommendations on Thursday to approve the multiplex framework of “Adding Missing Middle Housing and Simplifying Regulations.” This follows public consultation conducted earlier this year.

    By Kenneth Chan
    12-09-2023

  9. Atmosphere Development's Richmond Project Under Review

    A large development in Richmond’s city centre - that is under creditor protection - could have a new building permit application into the city within the next couple months.

    The decision is expected to attract protests from pre-sale buyers at the project, who complained they have been left in limbo.

    The city confirmed they are expecting a building permit application for the 800-plus-unit Atmosphere project that has been idle for more than two years.

    After funding for the project was cancelled early in the pandemic, construction at Atmosphere, on No. 3 Road and Alderbridge Way, ground to a halt and the building permits expired.
    By Marie Rantanen
    11-09-2023

  10. $30K fine for B.C. real estate agent who failed to warn clients about special levy before condo purchase

      A second B.C. real estate agent has been ordered to pay more than $30,000 for failing to notify his clients about an impending special levy before they purchased a condo in White Rock.

    Jitendra Angelo Dehideniya has six months to pay the $30,000 discipline penalty plus $1,500 in enforcement expenses under a consent order he agreed to with the B.C. Financial Services Authority.

    By Ian Holiday
    09-09-2023

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