Category: Uncategorized
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BC Urged to Rebalance STR Rules
New short-term rental laws restrict hosts to one principal home and one secondary suite. Tourist towns face accommodation shortages ahead of summer as hotel capacity nears its limit. The 3% vacancy exemption rule is too strict for most tourism-dependent communities to qualify. Proposed changes include exemptions for film, healthcare, strata hotels, and local zoning flexibility.…
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Fraser Valley home sales remain mostly unchanged
Home sales in Fraser Valley remain steady despite abundant inventory and lower prices, with 1,195 sales in June, slightly up from May but down 9% from last year. Active listings rose to nearly 11,000, a 30% increase from last year, keeping the market in a buyer's favor. Benchmark prices fell across all home types, with…
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How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
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June home sale prices saw ‘slight increase’ in Chilliwack and beyond
June 2025 real estate data from Chilliwack shows a slight year-over-year increase in sales and benchmark prices. The benchmark price for all residential homes was $759,500 with 254 units sold. Single-family homes led with 154 sales, up 8.2%, and a benchmark price of $932,900. Townhouse sales fell 3.9% in price, and apartment sales dropped 12.9%,…
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Property tax deferrals help elderly home owners reduce expenses
The BC Seniors Advocate recommends the Property Tax Deferment Program for homeowners 55 and older, allowing them to defer property taxes until selling or passing away. This helps seniors on fixed incomes reduce living costs, avoid cutting essentials, and maintain independence. With a 3.45% non-compounding interest rate, deferred taxes can save seniors over $500 monthly,…
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Fraser Valley Housing Market Sees Modest Rebound
Fraser Valley home sales ↑ 13% MoM in May, but remained ↓ 22% below last year’s levels. Active listings climbed to 10,626 in May, ↑ 6% MoM and ↑ 34% yearly.
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BC Rents Drop: But 3-Beds Tell Another Story!
B.C.’s average rents fell 2.6% to $2,462. Province-wide apartment rents fell 1.0% to $2,483 yearly
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BC Real Estate Association Calls for New Short-Term Rental
BCREA urges changes to BC's Short-Term Rental (STR) legislation to balance housing needs with economic and tourism health. Recommendations include restoring zoning autonomy to local governments, fully exempting strata hotels and fractional ownership properties from STR rules, creating geographic exemptions near healthcare centers for transient medical staff, and broad STR exemptions for the TV and…
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Why Is BC Losing 15K Housing Starts?
B.C. experienced a sharp decline: starts fell by 15,400 units to 36,000. The drop may reflect affordability issues, rising costs, and slowing population growth.
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What Follows the Boc’s Rate Cut Pause?
BoC ends 2.25% rate-cutting cycle, citing inflation risks and global trade uncertainty. Unpredictable US tariffs raised inflation fears and made GDP projections unusually difficult.