“Home sales across the province continued the normalizing trend that began in October,” said BCREA Chief Economist Brendon Ogmundson. “The surge in activity this fall sets up 2025 for a much stronger start than we’ve seen in the last two years.”
The new insured mortgage rule changes have come into effect now and here is your guide to them! 1. Cap on insured mortgages increasing from $1M to $1.5M – with this change, it will be possible to buy a primary residence upto $1,499,999 and not have to put down 20% – minimum down payment rules…
Steveston Merchants Association annually hosts a holiday dog parade and photos with Santa! This year the event took place on Sunday, December 15th on a designated route. The start point for the festively dressed paw-adorable dogs began at Phoenix Pond Bridge and ended at the Gulf of Georgia Cannery National Historic Site with a meet-up…
Heads up, the BC Home Flipping Tax is coming into effect on January 1, 2025. The BC Home Flipping Tax is part of the Residential Property (Short-Term) Profit Tax Act and applies to income earned from selling or assigning a property within 730 days (two years) of purchasing it. This includes properties bought before January…
North Vancouver November homes for sale and home sales were up +10% and 0.0% respectively, from same month in 2023. In contrast, the one-year change for condos was up +26.3% and +34.5% and townhomes, +4.5% and -0.1%. The MLS HPI Benchmark Price one-year change for all residential properties did not change much; homes -1.5%, condos…
West Vancouver detached homes and condo activity has been trending pretty much in ‘buyer market territory’ and ‘balanced market conditions’, respectively, the past twelve months. November home sales totaled 32, predominately in Ambleside, Lions Bay and Caulfeild where as November condos sales totaled 11 of which 9 were in Ambleside, 1 in Park Royal and…
Check out this fun, festive, self-guided floral trail with 30 displays throughout Vancouver’s downtown core this year and it’s all free! The vibrant floral experience is being held from December 6th to 15th and it’s an easy walk to enjoy the Fleurs de Villes Noel enchanting festive displays and get into the Christmas mood. …
Phenomenal display of sparking lights can be enjoyed walking the 1.2 kilometer pathway around Coquitlam’s Lafarge Lake, and it’s free! This year, the display started November 22nd and is running until the end of February 2025 from 4pm – 10pm. Highly recommend checking out Lights at Lafarge! TIP For the best viewing experience, plan…
Metro Vancouver market home sales registered in the MLS® rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in November 2024, a 28.1 per cent increase from the 1,702 sales recorded…
West Vancouver October house sales increased +11.1% from same month a year ago where as condos lessened by -16.7%. The MLS HPI Benchmark Price one-year change for both property types softened a titch. Total November active listings for WV homes went up +7.3% compared to November 2023 totals and condos up +31.3%. 15/30 October home…
