Author: admin
-
BC Total Property Value Increases 1.5% in 2025 Assessments
In 2025, British Columbia has 2.2M assessed properties, ↑ 1% yearly. The total value of BC Real Estate in 2025 is $2.8T, ↑ 1.5% yearly.
-
B.C. Market: Is a Year of Stability Ahead?
B.C.'s housing market in 2025 is expected to be balanced, with stable sales and prices.Lower borrowing costs should make mortgage payments more manageable for homebuyers in 2025.The main uncertainty for 2025 is the potential impact of U.S. tariffs and economic challenges.
-
-
Lower Mainland Property Values Stabilize in 2025
In 2025, over 1.1M properties in the Lower Mainland received updated property assessments. The total value of Lower Mainland property assessments increased slightly, from $2T to $2.01T.
-
Get Your House Market-Ready
Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.
-
Home Flippers Face New 20% Tax in BC
BC’s new 20% home-flipping tax takes effect January 1, 2025, targeting quick residential property sales. The tax applies to homes sold within 730 days of purchase, with a decreasing rate over time.
-
Home sales hit 10-year low in the Fraser Valley
The composite benchmark home price in the Fraser Valley ended the year at $965,000, down 2% year-over-year and 4% from its March 2024 peak. December saw 994 sales, a 13% decline from November, with new listings dropping 46%, leading to a 23% decrease in overall inventory. The sales-to-active listings ratio was 16%, indicating a balanced…