Category: Uncategorized
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Chilliwack Hits 15-Year High in Listings
Chilliwack home sales ↓ 14.5% in January 2025 compared to January 2024. New listings in Chilliwack ↑ 42.2%, reaching 502 homes in January 2025.
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Chilliwack council approves application to rezone mobile home park for 143-unit townhouse project
Senior city planner Adam Roberts stated that the Manufactured Home Park Tenancy Act permits landlords to end tenancies for redevelopment with notice and compensation. Westbow is negotiating with residents to purchase units before issuing a 12-month notice. The redevelopment will preserve trees and improve roads, with a covenant about noise from a nearby race track.…
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Restrictive covenants: A barrier to housing developments in British Columbia
Historical restrictive covenants in British Columbia are hindering efforts to increase housing availability by limiting property use and preventing multi-unit housing development. Recent government bills aim to support small-scale multi-unit housing, but existing covenants still pose challenges for developers. Homeowners often oppose changes to preserve neighborhood character. Section 35 of the Property Law Act allows…
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Happy Easter
Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such…
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Short-Term Rental Hosts Face New BC Regulations
A new Short-Term Rental Registry will be effective in British Columbia starting May 1, 2025. All short-term rental hosts and platforms must register, displaying a valid registration number on listings.
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B.C. Housing Tax: Tariff in Disguise?
B.C.’s foreign buyer tax is compared to a tariff, restricting investment and worsening the housing challenge. The tax, introduced in 2016, applies to various property types, including multi-family homes and development sites.
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Tariff war is not what’s really weighing down BC housing market
Concerns over tariffs and economic uncertainty impact British Columbia's housing market, but interest rates and buyer psychology are more influential. Data shows little correlation between tariff-related uncertainty and Greater Vancouver home sales. Sales are down, buyers are more selective, especially in condos. The rental market is improving with incentives. February saw a sales decline, but…
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Interior Improvements: What Buyers Really Want?
Enhancing interior features makes your home more appealing and increases buyer interest. Kitchen upgrades, including energy-efficient appliances and extra storage, significantly boost resale value.
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Canada’s Housing Market Shows Early Spring Activity
New property listings in Canada ↑ 11% MoM in January, the highest increase in two years. Despite increased listings, home sales ↓ 3.3% in January, indicating weaker demand.
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Bc’s Strong Housing Market by 2026 Despite Tariffs
Home sales expected to rise by 13.2% in 2025 and 3.7% in 2026 due to mortgage changes. Average home prices to rise by 2.4% in 2025, and 2.9% in 2026 annually.