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Two men and a numbered company have been ordered to pay more than $57,000 in penalties for their roles in converting part of a Vancouver commercial building into 11 illegal single-room occupancy housing units.
A B.C. landlord has been fined $7,700 for making multiple misleading statements during dispute resolution hearings before arbitrators from the province’s Residential Tenancy Branch.
An oceanfront estate in West Vancouver, part of which was designed by one of Canada’s most renowned architects, has hit the market for just under $50 million.
A B.C. real estate agent has agreed to pay her profession’s provincial regulator more than $33,000 to resolve allegations that she managed rental properties without a licence to do so.
A B.C. mortgage broker has received the maximum penalty for conducting business while unregistered, according to the profession’s provincial regulator.
A B.C. mortgage broker has agreed to pay more than $28,000 to a provincial regulator after admitting to conducting business “in a manner prejudicial to the public interest.”
A B.C. mortgage broker has agreed to pay $80,000 to a provincial regulator and have his registration cancelled after admitting he supplied falsified income documents to lenders in eight mortgage applications.
Vancouver’s real estate board says the region saw increased activity in June as demand for all home types rose compared with the same month last year.
With government eying more than 4,000 empty, newly built condominiums in the Metro Vancouver area, the question of who will buy them in the end is still unclear.
Conservative Leader Pierre Poilievre is calling on Parliament to probe Ottawa’s proposal to convert unsold condominium units in British Columbia into affordable housing.
British Columbia Premier David Eby said a joint federal-B.C. plan to buy unsold condominiums won’t be a bailout for Vancouver developers, but there was an opportunity for the government to purchase empty homes in other places for less than it would cost to build them.
Converting British Columbia’s glut of unsold condos into affordable housing is about supporting Canadians, not distressed developers, Prime Minister Mark Carney said Thursday in defence of his government’s proposal.
An urban planning expert says a plan to convert empty condominiums into affordable housing in B.C. might be more about stabilizing the financial sector than housing.
The B.C. Financial Services Authority has issued another consumer alert about Matthew Kuras, the former licensee it has accused of short-term rental fraud.
Rising mortgage rates and a weaker labour market are weighing on home sales in British Columbia, especially in the Lower Mainland.
A New Westminster lawyer has agreed to a six-week suspension and promised to give up practising real estate law under a consent agreement with the Law Society of B.C.
