Your Monthly real estate update https://youtu.be/Ca_ir4KyTtU"“The spring market in Victoria kicked off with a gentle increase in sales when compared to last year and continued stable pricing,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “These factors, combined with growth in the available inventory, has created a welcoming and more balanced market for...
First Time Home Buyers Program in BC Property Transfer Tax Exemption Changes The BC government has made some changes starting April 2024 to the First Time Home Buyers program where eligible individuals are either exempt completely or partially from paying Property Transfer Tax. These changes were laid out in the 2024 Provincial Budget.The exemption threshold on a properties market value has now...
Your Monthly real estate update https://youtu.be/Nd8QROEFBIo"“We’ve concluded a rather quiet first quarter and are transitioning into the spring market,” said 2024 Victoria Real Estate Board Chair Laurie Lidstone. “Many of our local REALTOR® members are noting that more shoppers are coming into the market – but this has not necessarily translated into sales...
Change to local government act & Small Scale Multi-Unit Housing These proposed changes are part of the Homes For People Action Plan to create more housing that is within reach for people. This includes building homes for the "missing middle". https://youtu.be/WzP_N9KmyP4 How Did We Get Here? Outdated zoning rules: due to this, new housing has been in the...