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The B.C. First-Time Home Buyers’ Program helps first-time home buyers reduce their closing costs. Specifically, the program can reduce or eliminate the land transfer tax (sometimes called a … Continue to full article

BC ranks as the most expensive province in Canada based on a recent analysis. The study considered 55 contributing factors in 7 categories, including income, property prices bills, food, transport, health, and other costs.

BC Housing Market Shows Resilience Despite Sales Decline and Rising Mortgage Rates Continue to full article

NIMBY, or "Not In My Backyard," is used for residents opposing local housing projects, expressing strong objections to new developments in their vicinity.BC's zoning changes aim to end exclusive detached home zones, permitting multiple homes and cutting public hearing delays.

Short-Term Rental Businesses Struggle as New Regulations Take Effect Continue to full article

Commercial Leading Indicator Resumes Decline in Third Quarter 2023 – British Columbia Real Estate Association Continue to full article

68% of B.C. residents worry about housing costs, and 93% find rent costs a serious issue. A generational housing shortage in B.C. necessitates action from policymakers at all levels. The province's affordability problem stems from an imbalance between housing demand and supply.

The housing crisis in Canada has led to a new trend of homeowners renting out single rooms to strangers. This is seen as a way for homeowners to mitigate soaring mortgage payments and for renters to find more affordable accommodations. The trend is particularly prevalent in cities with high home prices, such as Vancouver. Shared…

BCREA forecasts ↓ 4.8% in residential sales in BC to 76.7K units in 2023. In 2024, a modest rebound is expected, with residential sales ↑ 4.8% to 80.3K units. With just ~30K listings, the supply of homes for sale is considerably lower than the historical avg of ~45K active listings for a healthy market.