BC Real Estate Emoji Case Shows Why 👍 is Not Enough

by Gary McKenna | May 15, 2025 | News, Real Estate

When it comes to BC property sale legal requirements, emojis and casual emails won’t cut it. That’s the takeaway from the BC real estate emoji case, a recent B.C. Supreme Court ruling where a developer tried to enforce a home purchase based on a counteroffer that was...

B.C. Court of Appeal Upholds $6M Foreign Buyers’ Tax Assessment in Property Dispute

by Gary McKenna | Apr 17, 2025 | News, Real Estate

Real Estate Firm Challenged Designation as a “Foreign Entity” Under B.C.’s Property Transfer Tax Act A Metro Vancouver real estate company has lost its appeal against a $6 million tax assessment, after the B.C. Court of Appeal upheld the provincial...

Metro Vancouver Home Sales Off to a Strong Start in 2025

by clarkwoods | Feb 24, 2025 | News, Real Estate

The Metro Vancouver home sales saw an active start to 2025, with a significant increase in new listings and steady buyer demand continuing from late 2024. According to Greater Vancouver REALTORS® (GVR), residential sales rose 8.8% year-over-year in January, with new...

BC Home Flipping Tax is Now in Effect—Here’s What You Need to Know

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....

Metro Vancouver Property Assessments Released: What Homeowners Need to Know

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...

Bank of Canada rate drops look to continue well into 2025

by clarkwoods | Nov 22, 2024 | News, Real Estate

What They Mean for Canadians in 2024 and Beyond Interest rates are falling and experts believe they could continue to fall well into 2025, providing welcome news for mortgage holders and potential homebuyers. The Bank of Canada’s recent decision to drop its...