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...
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 Outdated zoning rules: due to this, new housing has been in the...
Your Monthly real estate update https://youtu.be/pHUiCVmEvXcOverall, the market has been consistent this past year. We are generally where we were one year ago with no major changes in pricing year over year. However, inventory has been building shown by the 25.7% increase in listings actively on the market at the end of October 2023 when compared to October 2022. This...
B.C.'s Short-Term Rental Accommodations Act New Rules For Short Term Rentals BC is currently grappling with a severe housing crisis, characterized by a shortage of attainable housing, including long-term rentals. According to the government, the rise of short-term rental platforms, such as Airbnb and VRBO, has contributed to this crisis by reducing the availability of much-needed homes for British...