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BC Government Announces New Housing Measures in 2024 Budget

February 23rd, 2024

Fall Back 2023

November 3rd, 2023
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No Witchcraft....Just Magic!

October 31st, 2023
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Q3 2023 House Price Survey

October 13th, 2023

Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians

April 13th, 2023
To enhance the flexibility of newcomers and businesses looking to add to Canada's housing supply, the Government of Canada is making amendments to the Regulations, to expand exceptions to allow Non-Canadians to purchase a residential property in certain circumstances. These amendments will further support individuals and families seeking to build a life in Canada by pursuing home ownership in ...

Foreign Buyer Ownership Changes

March 29th, 2023
Earlier this week, the Government of Canada announced a series of amendments to the Foreign Buyer Ban. These amendments expand the exceptions to the regulations, are effective immediately, as of March 27, 2023, and are as follows: The Foreign Buyer Ban no longer applies to work permit holders. Now, those who hold a work permit or are authorized to work in Canada are allowed to purchase resid ...

CRF Amendments will better protect B.C. strata owners

February 1st, 2023
Good Morning, while this post might only be applicable to clients living in a strata property, many of us might be heading that way moving forward! People living in a strata deserve to have peace of mind that their strata corporation has the appropriate reserves to do routine maintenance and keep strata insurance costs down.  Strata corporations in B.C. are required to have a contingency re ...

Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022

January 4th, 2023
Rising mortgage rates brought uncertainty and caution to Metro Vancouver’s housing market in 2022 - all areas, all prices. After seeing record sales and prices during the pandemic, Metro Vancouver’s housing market experienced a year of caution in 2022 due to rising borrowing costs fueled by the Bank of Canada’s ongoing battle with inflation.  The Real Estate Board of Greater Vancouver (REB ...

Amendments to the Strata Property Act - BCFSA

November 29th, 2022
On November 21, 2022, the Office of the Premier announced changes to the Strata Property Act (“SPA”) impacting rental properties in British Columbia. This communication is intended to inform real estate licensees and other interested parties of what these recent changes mean in relation to:• Banning of strata rental restriction bylaws;• Limiting age restriction bylaws in strata housing to age ...

Real Estate Updates

November 9th, 2022
Good morning everyone, a few updates for you: Federal ban on foreign buyers – many articles suggest resort areas such as Whistler will be exempt, but the regulations are not yet out. As soon as they are, I will try to update you all. Residential property flipping rule – The proposed residential property flipping rule (RPFR), announced in the 2022 federal budget, will deem gains arising fr ...
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