Category: Uncategorized

The Mortgage Services Act (MSA) will fully replace the Mortgage Brokers Act (MBA) in 2025. In 2025, the BCFSA will regulate mortgage services, introducing new licensing and compliance standards.

In Early-Q1 2025, British Columbia saw a 6.4% yearly increase in residential unit sales. The average residential price in BC decreased by 1.0% to $949,560 in Early-Q1 2025.

British Columbia's real estate market has a hidden history of financial crime, prompting urgent transparency reforms. Want to uncover hidden property ownership? The registry helps identify real owners behind corporations and numbered companies.

New BC tax imposes up to 20% on home sales within 730 days, reshaping real estate investments. This legislation aims to slow quick resales to support housing affordability.

How to sell luxury real estate? Market knowledge, the right agent, and staging are essential for success. Why hire a luxury agent? They have market expertise and a network to maximize your sale.

Hire a Real Estate Lawyer Early: Secure legal guidance to review documents and avoid costly mistakes in your home purchase.Understand the Agreement: Thoroughly review the Agreement of Purchase and Sale to ensure compliance and protect your interests.

Understand First-Time Homebuyer Criteria Not owned a home in past 4 years. Seek legal advice on qualification for incentives. Understand Your Mortgage Options Fixed vs. Variable rates 5-year fixed rates are popular Consider the loan term and amortization

Consult a REALTOR®: A local agent helps price your home correctly and attract potential buyers. Complete Repairs: Fix any outstanding issues, like leaky faucets or worn-out flooring, for a polished look.