Vancouver Real Estate Market Update for October 2024

With the BC provincial election approaching on October 19th, housing policy has become a focal point for both major parties—the NDP and the Conservatives. Each party has released its housing platform, but the Conservative Party’s approach has sparked significant debate due to its "ambitious" tax-cut promises and plans to further streamline housing development. The Conservatives introduced the "Rustad Rebate," a tax cut that exempts rent, mortgage interest, and strata fees from BC income tax,...