Author: admin
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New Policies Boost Housing Development in BC
BC plans to accelerate housing construction by removing financial barriers and expediting building permit approvals.New policies support small-scale multi-unit housing to increase density and address affordability challenges.
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New BC Tax Targets Short-Term Property Sales
New BC tax imposes up to 20% on home sales within 730 days, reshaping real estate investments. This legislation aims to slow quick resales to support housing affordability.
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New Year, Better Mortgage Rates: Tips to Get You There
Pay balances three days pre-statement to lower utilization ratios, significantly boosting your credit score quickly.Accept credit limit increases to reduce utilization, improve credit health, and strengthen your profile responsibly.
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Happy Women’s Day
International Women's Day, also known as IWD for short, grew out of the labour movement to become a recognized annual event by the UN.It all started in 1908 when 15K women marched through NYC demanding shorter working hours, better pay and the right to vote. Things were made official in 1975 when the United Nations…
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5 Steps to Homeownership for First-Time Buyers
Understand First-Time Homebuyer Criteria Not owned a home in past 4 years. Seek legal advice on qualification for incentives. Understand Your Mortgage Options Fixed vs. Variable rates 5-year fixed rates are popular Consider the loan term and amortization
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Sell Luxury Homes Faster With These Tips!
How to sell luxury real estate? Market knowledge, the right agent, and staging are essential for success. Why hire a luxury agent? They have market expertise and a network to maximize your sale.
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Northern BC housing sales see 7.5% spike in the past year
Home sales in northern BC started strong in January 2025, with 173 unit sales, a 7.5% increase from last year. Listings decreased slightly, and the average price rose 3.4% to nearly $400,000. Concerns about Trump tariffs on imported goods, particularly steel and aluminum, could impact the region, especially given the significance of the Rio Tinto…
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Essential Legal Tips for First-Time Homebuyers
Hire a Real Estate Lawyer Early: Secure legal guidance to review documents and avoid costly mistakes in your home purchase.Understand the Agreement: Thoroughly review the Agreement of Purchase and Sale to ensure compliance and protect your interests.
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BCREA: 2025 BEGINS WITH STRONG SALES AND LISTINGS ACTIVITY
In January 2025, British Columbia recorded 4,221 residential unit sales, a 6.4% increase from January 2024. The average residential price decreased by 1.0% to $949,560, while total sales volume rose by 5.3% to $4 billion. However, unit sales were 12% lower than the ten-year January average. Active listings increased by 27% to 30,896 units. The…
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2025 Northern BC: A Key Year for Buyers & Sellers
Northern BC home sales are projected to reach 4,200 units in 2025, ↑ 4% yearly. Lower interest rates may boost sales, with the BoC expected to cut rates to 3%.