Category: Uncategorized
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5 Steps to Homeownership for First-Time Buyers
Understand First-Time Homebuyer Criteria Not owned a home in past 4 years. Seek legal advice on qualification for incentives. Understand Your Mortgage Options Fixed vs. Variable rates 5-year fixed rates are popular Consider the loan term and amortization
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Sell Luxury Homes Faster With These Tips!
How to sell luxury real estate? Market knowledge, the right agent, and staging are essential for success. Why hire a luxury agent? They have market expertise and a network to maximize your sale.
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Northern BC housing sales see 7.5% spike in the past year
Home sales in northern BC started strong in January 2025, with 173 unit sales, a 7.5% increase from last year. Listings decreased slightly, and the average price rose 3.4% to nearly $400,000. Concerns about Trump tariffs on imported goods, particularly steel and aluminum, could impact the region, especially given the significance of the Rio Tinto…
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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.