Author: admin
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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%.
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BC Housing Market Cools Fast: Time to Buy?
BC real estate prices declined to $955,500 in December, down 10.9% from their peak.The province saw one of the steepest declines, second only to Ontario.
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New Year, New Home: Buying & Selling Tips
Start Early: Sellers should begin the process early, evaluating their home and preparing for the market.Home Preparation: Sellers should invest in updates, cleaning, and professional staging to increase appeal.
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Standardized Construction Bylaws in BC Could Save Millions
Standardizing municipal construction bylaws in BC could significantly reduce construction expenses across the province.Fragmented bylaws across 161 municipalities drive up soft costs, impacting contractors and project timelines.
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Avg BC Home Price to Crest $1M in 2025: CREA Forecast
B.C.'s average home price will surpass $1 million in 2025, leading Canada, $280,000 above the national average.Metro Vancouver residents relocating to Alberta or smaller B.C. communities due to unaffordable housing in the Lower Mainland.
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What Does 2025 Hold for BC Real Estate?
BC’s Real Estate market faces uncertainty due to rising costs and potential economic disruptions in 2025. Housing costs in BC have ↑ 30% over the past five years, impacting affordability.
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Happy Family Day
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…
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Sellers Off To Active Start In 2025 In Vancouver Resale Market
In January, Greater Vancouver Realtors reported 1,552 sales, an 8.8% increase from January 2024, though still 11.3% below the 10-year average. New listings surged by 46.9% to 5,566, leading to a total of 11,494 active listings, up 33.1% from last year. The composite residential benchmark price is $1,173,000, reflecting slight increases for single-detached and attached…