Category: Uncategorized
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Canada Housing Market: Tariffs Stall Spring
Canada’s spring housing market is slowing due to economic uncertainty and U.S. tariff concerns affecting buyers and sellers. Home sales dropped 9.8% in Mid-Q1, with prices declining 3.3% and new listings falling 12.7%.
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Spring market brings abundance of opportunity for buyers
Home sales in Metro Vancouver fell nearly 24% year-over-year in April 2025, continuing a slowdown despite improved borrowing conditions. Sales totaled 2,163, 28.2% below the 10-year average. Listings rose 3.4% to 6,850, with inventory up nearly 30% from last year. The benchmark home price dropped 1.8% to $1,184,500. Sales-to-listings ratios suggest downward price pressure, benefiting…
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Mid-Q1 Home Sales Drop 10.4% Yearly
In February 2025, home sales in Canada fell to their lowest level since November 2023 amid trade war uncertainty. February home sales ↓ 10.4% yearly and ↓ 9.8% MoM on a seasonally adjusted basis.
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Canadian Rents Fall: A 4.8% Decline
Average asking rents in Canada dropped by 4.8% in Mid-Q1, reaching their lowest level since July 2023. Despite declines, rents remain 5.2% higher than in 2023 and 16.9% above pre-COVID levels.
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Here’s a look at South Delta’s real estate numbers
Home sales in Metro Vancouver dropped nearly 24% year-over-year in April 2025, continuing a slowdown despite improved borrowing conditions. Sales were 28.2% below the 10-year seasonal average. Economic uncertainties and political factors have caused buyers to hesitate. Benchmark prices for single-detached homes in Ladner and Tsawwassen remained stable but were slightly down from last year,…
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BC Rents Down, but Are Short-Term Rentals the Reason?
New B.C. law limited short-term rentals to principal residences, impacting over 22K listings provincewide. Since implementation, Kelowna, Victoria, and Vancouver saw short-term listings fall by 31%, 24%, and 22% respectively.
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Happy Victoria Day
The holiday has been observed since 1845, as a celebration to honour Queen Victoria. The day unofficially signals the start of summer for many Canadians. It is celebrated with parades and fireworks in some cities. Sending our warmest wishes to everyone for a happy and peaceful long weekend.
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Home Upgrades Booming by 2032 With 6% CAGR Predicted!
The home improvement market is set to grow from $974.57B in 2025 to $1.46T by 2032, driven by innovation. The Leading Indicator of Remodeling Activity projects a 1.2% increase in year-over-year home renovation spending for 2025.
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Essential Tax Tips for the 2025 Filing Season
The filing deadline is April 30, with a June 16 deadline for self-employed individuals. Payments are due by April 30.Faster CRA account access, live chat support, and simplified sign-in across multiple CRA platforms enhance tax-filing convenience.
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BC’s 2025 Budget: Steady but No Breakthrough Plans
BC Budget 2025 lacks bold strategies, relying on a $4 billion contingency without clear direction on tariffs. The government focuses on trade diversification, but bureaucratic complexities may slow down necessary economic actions.