Category: Uncategorized
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Canada’s top banker says housing market will ‘wake up’ after first rate cut
A rate cut by the Bank of Canada may lead to increased activity in the detached housing market, while the condo market remains sluggish. The housing market's response will depend on inflation levels. Mortgage-holders are advised to focus on shorter-term rates for now. The interest rate is predicted to bottom out in 2025, leading to…
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Will BC’s Q2 Housing Rebound? BCREA Says Yes!
MLS residential sales in BC are forecasted to ↑ 7.8% to 78,130 units in 2024. In 2025, MLS residential sales are predicted to rise further, reaching 86,480 units.
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Just Sold this Listing Listing Address: 18 16016 82 AVENUE
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New Listing: 903 7100 GILBERT ROAD
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Unexplained Wealth Orders in BC Law
British Columbia adopts "unexplained wealth orders" (UWO) from the U.K. to combat crime. They shift burden of proof to asset owners, aiding law enforcement against money laundering.
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Streamlining BC Document Access
The Association of Interior Realtors (AIR) surveyed 13 municipalities; identified costly, lengthy document processes.Recommendations include a modernization fund and a provincial zoning atlas.
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B.C. rental housing plan includes 670 below-market units in Metro Vancouver
Province and region have signed an MOU to build 2,000 affordable rental homes over the next decade. The second phase of the partnership will provide 670 below-market rental units in four urban areas. The government is investing $226 million, with Metro Vancouver contributing land and cash worth over $367 million. Phase 1 includes a Vancouver…