Steven Liu
130-10271 Shellbridge Way V6X 2W8 Richmond, BC, Canada

Washington State has released a new report identifying the next steps the governments of British Columbia, Washington, and Oregon would have to jointly take towards realizing ultra-high-speed rail. The new rail line could reach speeds of up to 400 km/hr (250 mph), and offer travel times of under one hour between Vancouver and Seattle, and Seattle and Portland.

Federal government of Canada plans to introduce a new national tax that targets foreign homeowners who are non-residents and own property for speculative reasons. This tax will be implement one a national, tax-based measure.

Vancouver's empty homes tax is going up from 1% to 3% starting in 2021. Vancouver's empty homes tax came into effect in 2018 amid to motivate owners renting out their properties.

According CREA (Canadian Real Estate Association), home sales are up 32% across Canada in October 2020 compared with October 2019.

Rent rates dip in Vancouver, remain high in suburbs as COVID-19 pandemic drags on