by clarkwoods | Jan 17, 2025 | Real Estate
The BC home flipping tax is officially in force, imposing a new tax on property sales within two years of purchase. The tax applies to profits made from selling a property in British Columbia, including presale contracts, if the seller owned it for less than 730 days....
by clarkwoods | Jan 2, 2025 | Real Estate
Metro Vancouver property assessments showed mostly modest changes in home values as the market remains stable for a second consecutive year. According to BC Assessment, most homeowners can expect their property values to fluctuate between -5% and +5%, reflecting a...
by clarkwoods | Nov 6, 2024 | Real Estate
Buyers return as sales jump 31.9% year-over-year, fueled by rate cuts October brought a significant shift to the Metro Vancouver real estate market as home sales surged following lower mortgage rates and months of below-average activity. Residential sales in the...
by clarkwoods | Oct 10, 2024 | Real Estate
Home sales across the Metro Vancouver real estate market slowed in September 2024, registering a 3.8% year-over-year decline as the region’s housing market continues to feel the impact of high borrowing costs. According to data from Greater Vancouver Realtors (GVR),...
by clarkwoods | Sep 19, 2024 | Real Estate
The Metro Vancouver real estate market continued to lag in August 2024, falling well below the ten-year seasonal average as high borrowing costs kept potential buyers at bay. According to the Greater Vancouver REALTORS (GVR), residential sales totaled 1,904 for the...
by clarkwoods | Aug 18, 2024 | Real Estate
Changes by the federal government aimed at making home ownership more affordable for first-time homebuyers went into effect this month, allowing 30-year mortgages for some prospective buyers, up from the standard 25-year term. As a result of the changes, which went...
