Category: Uncategorized
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What Does 2025 Hold for BC Real Estate?
BC’s Real Estate market faces uncertainty due to rising costs and potential economic disruptions in 2025. Housing costs in BC have ↑ 30% over the past five years, impacting affordability.
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Happy Family Day
In some families, it’s a day to spend time playing in the snow, building snowmen, or having snowball fights. Some families take advantage of the long weekend to have a "staycation" and enjoy the activities in their own city or town. Take advantage of this wonderful time of year to reinforce your family bonds. Wishing…
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Sellers Off To Active Start In 2025 In Vancouver Resale Market
In January, Greater Vancouver Realtors reported 1,552 sales, an 8.8% increase from January 2024, though still 11.3% below the 10-year average. New listings surged by 46.9% to 5,566, leading to a total of 11,494 active listings, up 33.1% from last year. The composite residential benchmark price is $1,173,000, reflecting slight increases for single-detached and attached…
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Fraser Valley’s decade-high inventory could open doors for buyers
In the Fraser Valley market, growing inventory and stable prices may create opportunities for buyers this winter. Newly listed homes surged 167% from December to January, reaching 3,432, with active listings at a 10-year high of 7,251. Sales slowed, with 818 properties sold in January, down 18% from December. The sales-to-active listings ratio at 11%…
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Happy Valentine’s Day
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was…
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Tax Tip Optimize BC Insurance Premium Payments
Verify with your accountant if your insurance premiums are paid tax-efficiently to optimize claims. Premiums are paid with after-tax dollars for non-incorporated individuals; benefits are non-taxable, and premiums are not deductible.
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BC Total Property Value Increases 1.5% in 2025 Assessments
In 2025, British Columbia has 2.2M assessed properties, ↑ 1% yearly. The total value of BC Real Estate in 2025 is $2.8T, ↑ 1.5% yearly.
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B.C. Market: Is a Year of Stability Ahead?
B.C.'s housing market in 2025 is expected to be balanced, with stable sales and prices.Lower borrowing costs should make mortgage payments more manageable for homebuyers in 2025.The main uncertainty for 2025 is the potential impact of U.S. tariffs and economic challenges.
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Lower Mainland Property Values Stabilize in 2025
In 2025, over 1.1M properties in the Lower Mainland received updated property assessments. The total value of Lower Mainland property assessments increased slightly, from $2T to $2.01T.