Category: Uncategorized
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Rent inflation to slow in the next few years, Desjardins predicts
A Desjardins report predicts a slowdown in Canadian rental price inflation due to the government's plan to reduce immigration by 20%. Currently, rent inflation is at 8.3%, the highest since the early 1980s. The report suggests that lowering the number of newcomers will decrease demand for rental accommodation, but uncertainty remains regarding the implementation of…
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BC Mandates Depreciation Reports for Strata Owners
New B.C. regulations mandate proactive planning for strata buildings, revolutionizing property management and future repairs.Mandatory depreciation reports for buildings over five strata lots must be updated every five years, starting July 1, 2024.
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BCREA Calls for Review of BC’s Short-Term Rental Ban
BCREA urges changes to BC's short-term rental ban to address negative impacts on key sectors. The ban impacts medical staff, event attendees, film workers, and others needing temporary housing.
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Key Insights From BC Renters Amid Housing Crisis
Housing Policies Influence Voting: 81% of respondents say housing policies are critical in their election choices. Housing Policies Influence Voting: 81% of respondents say housing policies are critical in their election choices.
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अपने भविष्य का मालिक बनें: घर को खरीदने के लिए आपका स्टेप-बाय-स्टेप गाइड
कई कैनेडियन लोग घर खरीदने की प्रक्रिया को तनावपूर्ण और निराशाजनक पाते हैं। शुरू करने के लिए, डाउन पेमेंट और टैक्स और शुल्क जैसी अन्य खर्चों के लिए बचत करें। TD की मोर्टगेज अफोर्डेबिलिटी कैलकुलेटर जैसे उपकरणों का उपयोग करके अपना बजट निर्धारित करें। विकल्पों को जानने के लिए मोर्टगेज के लिए पूर्व-मंजूरी प्राप्त करें।…
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Time to Update B.C.’s Property Transfer Tax
B.C.'s property transfer tax (PTT) is outdated, with rates unchanged since its 1987 introduction. Originally a “luxury tax,” the PTT now affects nearly all home sales due to inflated property values.
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Will Rate Cut Revive B.C. Real Estate?
Increased Sales: Early-Q4 saw a significant boost in home sales across B.C. despite flat numbers in Late-Q3.Rate Expectations: Experts expect a 0.5% cut, which could slightly increase market activity.
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Buyers remain cautious to begin the fall market
Home sales in Metro Vancouver declined 3.8% year over year in September 2024, totaling 1,852 sales, which is 26% below the 10-year seasonal average. New listings increased by 12.8% to 6,144 properties. The total active listings rose by 31.2% to 14,932. The sales-to-active listings ratio is 12.8%, indicating potential downward pressure on prices. The benchmark…
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B.C. Construction: $159.6B and Counting
The construction industry in British Columbia significantly influences the Real Estate market dynamics. Current construction project values have risen to $159.6B, reflecting a 39% increase over 5-yr.
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Burnaby sees a pretty big drop in average asking rent
In October, Burnaby saw a notable drop in average asking rents, making it the second-most expensive city in Canada. Vancouver remains the most expensive, with one-bedroom rents at $2,610, down 1.5% from September and 9.1% year-over-year. Two-bedroom units in Vancouver also decreased to $3,430. In Burnaby, one-bedroom rents fell to $2,398, while two-bedroom rents increased…