Wesgroup Properties has applied to develop two high-rise towers in Burnaby’s Maywood neighbourhood, within walking distance of the SkyTrain Metrotown Station. A 35-storey south tower would be constructed during the project’s first phase, followed by a 38-storey north tower.

The rules, which came into effect on July 1, tightened mortgage lending standards at the national level by introducing higher minimum credit scores and new restrictions around “non-traditional” downpayment sources.

Real estate consultancy Altus Group used recent figures from Statistics Canada’s Labour Force Survey and its own internal data to assess the impact that the COVID-19 pandemic may have on future homebuying activity in Canada.

With sales centres and model homes now closed because of the COVID-19 pandemic, virtual tours are particularly helpful for those who are currently in the market for a new home.

Buying your forever home isn’t just about the chef’s kitchen or an ensuite bathroom oasis — being close to schools is one of the top priorities for many house hunting families.

They’re a popular tool most often used to fund home renovations, especially in recent years, but Canadians may be cooling to borrowing via home equity lines of credit (HELOC).