Category: Uncategorized
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How to Protect Your Home From Ice Storm
Insulate pipes and maintain stable heating to prevent freezing and bursting during ice storms. Keep gutters, grates, and drainage systems clear to avoid ice buildup and potential water damage.
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Abbotsford Turns Into a Buyer’s Market in Mid-Q1
Detached home in Abbotsford sales rose slightly to 48, but are still down 28% from February 2024. New listings decreased, but active listings grew 50% year-over-year, offering more choices to buyers.
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BC 2025: New Fees and Tax Changes
The BC home flipping tax now applies at 20% for properties sold within 365 days. Residential rent increases are capped at 3% for 2025, with tax credits available for renters.
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BC Real Estate Sees Strong Start in 2025
In January 2025, BC saw 4,221 residential sales, ↑ 6.4% yearly. Active listings ↑ 27%, reaching ~31K, signalling a normalization in market trends.
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Greater Vancouver market stumbles in 2024—forecasts vs. reality
Metro Vancouver's residential market in 2024 fell short of optimistic forecasts, with actual sales at 26,561, a 2% increase from 2023, compared to the predicted 8% rise. Price growth was also below expectations, with an average increase of 1.5%, settling at $1.3 million. Looking ahead to 2025, GVR maintains cautious optimism, projecting sales to reach…
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NEW LISTINGS AT 10-YEAR HIGH IN 2024 IN FRASER VALLEY
In 2024, the Fraser Valley faced an affordability crisis despite Bank of Canada interest rate cuts, resulting in a decline in annual home sales to a ten-year low of 14,570. New listings reached a ten-year high of 35,698, with Surrey accounting for 51% of sales. The composite Benchmark home price ended the year at $965,000,…
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Why BC Housing Prices Could Continue to Drop
B.C.'s housing market faces uncertainty due to tariff-related concerns in Q1 of 2025. Home price forecasts for B.C. have been revised downward for 2025, with expected declines.
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When Will BC Hosts Register Their Rentals?
BC launches bold rental crackdown—hosts must register by May 1, 2025, or lose their listings. The registry targets housing shortages by enforcing limits and requiring a visible provincial ID on listings.