The annual rental market report for 2022 has been issued by Canada Mortgage and Housing Corporation (CMHC). Due in part to increased migration and the high cost of real estate, Vancouver's vacancy rate decreased from 1.2% in 2021 to 0.9% in 2022.

A forthcoming recession is expected to affect BC. But what does that imply for the housing market? In a recent report, BCREA made predictions on how the housing market may perform in a recession in 2023.

B.C.'s 2023 homeowner grant will cover 92 per cent of residential properties in British Columbia. 

Eligible homeowners will continue to see reduced property taxes on residential properties through the homeowner grant program.