The house, which was bought for $2.65 million last September, is listed as a hostel on Booking.com. Nine different rooms in the property are also listed on Airbnb.
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Fear of rising interest rates is causing more Canadians to opt for fixed-rate mortgages over variable-rate alternatives that could save them thousands of dollars in payments, according to a leading expert.
Carole James is fielding concerns about whether the tax will have unintended consequences on those who live in the province but also own vacation properties.
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Vancouver’s empty homes tax was designed to add vacant properties to the city’s rental housing stock, but even some people who live in their homes are being forced to shell out big bucks to pay for the fee.
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Ever since the B.C. NDP formed government last summer, the public has been waiting to see how the party plans to address the province's out-of-control housing market – and now the wait is over.
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Major Canadian cities are much less dense than those south of the border and overseas, according to a new study, but a city planner says population growth is more than just a numbers game.
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