The conveyancing process is required to complete real estate transactions in BC; however, the process often remains a mystery to many people! The conveyancing process can be broken down into seven steps: Engagement Collection of Client Information Searches and Due Diligence Preparation and Review of Closing Documents Client Signing Appointment Return of Documents Registration and…
Home sellers off to an active start in 2025! Homes newly listed on the MLS® in Metro Vancouver* rose 46 per cent year-over-year in January, as sellers appear eager to enter the market to start the year. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,552 in January 2025, an…
Onset of a snow forecast, North Shore residents might want to check their municipal/city websites for snow preparedness requirements! District of West Vancouver, District of North Vancouver and City of North Vancouver snow removal requirements vary. District of West Vancouver snow removal requirements says ‘after a snowfall, keep the sidewalk in front of your…
Improved real estate market momentum predicted in the just released Greater Vancouver REALTOR® 2025 H1 Residential Market Forecast. Key forecast highlights Fundamental factors that drive our market such as household formation, population growth, and employment growth will remain fairly strong. Lower borrowing costs are likely to further spur homebuyer demand. Inventory levels for each market…
The Royal LePage Home Price Update and Market Forecast was just released which includes price data and insights from experts in 64 real estate markets across the country, as well as national and regional forecasts. Greater Vancouver summary follows….. The aggregate price of a home in Greater Vancouver increased a modest 0.7 per cent to…
North Vancouver and West Vancouver 2025 property assessments show slight changes. Property owners receive their 2025 assessment notices the first week of January, an assessment which reflects the market value as of July 1, 2024. “Across the Lower Mainland and throughout BC, the overall housing market has generally stabilized in value for a second…
Our local real estate board just released its recap and looking ahead report: Metro Vancouver home sales registered a strong finish to cap off 2024 signaling strengthening demand momentum as we move into the new year. Looking at 2024, realtors registered over 26,561 home sales on the MLS in 2024. Sale activity had a…
North Shore‘s North Vancouver residential composite benchmark price was down -2.1% December 2024 from the same month the year before whereas West Vancouver was up 1%. Residential composite includes all property types including single family detached, apartments and townhomes. Visuals below shows the one year benchmark price change for each of the property types! …
49% of North Vancouver‘s 2024 residential sale activity were apartments. Detached homes accounted for 32% and townhomes 19%. 2024 and 2023 year-end totals and % breakdown of property type sale numbers were similar. So was the NV’s Apartment House Price Index (year average). Check out the visual: Price metrics such as averages, medians, or…
As of January 1, 2025, the new BC Home Flipping Tax has added another layer of tax consideration for British Columbians who sell residential property within a short timeframe. This tax is in addition to the existing federal property flipping tax introduced by the Canada Revenue Agency (CRA) in 2023. The BC Home Flipping…
