Sandy Lu
Browse this agent's personal updates and marketing posts from their Luxmore group.
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RentCafe's Q3 report shows Vancouver and Toronto missing from Canada's top 10 most in-demand rental markets for the second straight quarter, while smaller BC cities Victoria and Nanaimo crack the list. This shift signals changing renter priorities that Greater Vancouver property owners and investors need to understand.
The federal government will extend Canada's foreign buyer ban to January 2029 while carving out a new exemption for new construction, but with BC's 20 per cent foreign buyer transfer tax still in place and the definition of "new home" still undefined, Metro Vancouver's pool of over 14,000 unsold new condominiums may see only limited relief.
The Bank of Canada's October deliberation summary, published November 10, reveals the Governing Council agreed another 0.25% hike could be needed on December 9, with prime potentially hitting 4.95%. For Greater Vancouver buyers with pre-approvals, variable-rate holders, and anyone renewing this winter, the next four weeks of inflation and jobs data will determine whether monthly payments jump again.
