Author: admin
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District of Lantzville moves forward with 3% property tax increase
Lantzville council has decided to implement a three-per cent property tax increase after two years of no increases. This decision follows public feedback from an online survey, where 44% of respondents favored a three-per cent hike. The increase will generate approximately $93,000 for future infrastructure. Alongside this, water user rates will also rise by three…
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‘Substantial’ decline in Chilliwack-area home sales linked to tariff concerns
Home sales in Chilliwack and surrounding areas dropped by 13.8% in February, with 187 units sold, significantly below both the five-year and ten-year averages. The decline is attributed to ongoing economic uncertainty related to tariffs. The benchmark price for single-family homes rose slightly to $909,100, while the overall MLS® HPI composite benchmark price was $743,700.…
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BC’s Seismic, Zero-Carbon Rules Reshape Construction!
As of March 10, 2025, all new building permit applications must comply with the updated BC Building Code. The new rules include stricter seismic design requirements to better protect buildings from earthquakes.
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Essential Tenant Check Tips Every Landlord Needs
Find reliable tenants with a comprehensive background check—critical for protecting your investment. thorough tenant background check includes credit history, criminal records, employment verification, and rental history.
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Happy April Fool’s Day
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
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Tariff uncertainty, recession risk weigh on homebuyer confidence
In February, the Lower Mainland housing market faced challenges with a 17.3% drop in sales compared to the previous year, totaling 2,684 units. Inventory levels rose significantly, up 38% year-over-year, as more sellers entered the market amid economic uncertainty. The market is shifting towards a buyers’ market, with a sales-to-active listings ratio of 14%. Employment…
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BC Forecast: What to Expect Next?
Home prices are rising as lower mortgage rates drive more sales, especially in Vancouver and Victoria. Rental vacancy rates are increasing with new units entering the market, though rents remain high.
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2025 Starts Strong: BC’s Residential Sales Climb 6.4%
In Early-Q1 2025, British Columbia saw a 6.4% yearly increase in residential unit sales. The average residential price in BC decreased by 1.0% to $949,560 in Early-Q1 2025.
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Happy Nowruz
Nowruz is a 3,000-year-old festival, making it one of the oldest in the world. Haft-Sin is a Nowruz table, featuring 7 symbolic items, all beginning with "sin" and representing different aspects of life. Nowruz celebrated by over 300M worldwide, including Iran, Afghanistan, Tajikistan, Uzbekistan, Azerbaijan, and many more. Nowruz is a time for forgiveness and…
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How to Use BC’s Land Owner Transparency Registry
British Columbia's real estate market has a hidden history of financial crime, prompting urgent transparency reforms. Want to uncover hidden property ownership? The registry helps identify real owners behind corporations and numbered companies.