What is the Assessed Value of Your Home – BC Assessed Values are now out!

& B.C. Real Estate, BC Real Estate Update, Blog Post.

Happy New Year! Now that 2019 is upon us so are the new assessed values for real estate in British Columbia. On January 1st every year the BC Assessment Authority publishes what they believe are the values for real estate in BC. These values are a generality, comparing your home with other homes in your […]

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Mortgage Year in Review with Bill Ethier and Callum Greig

& Banking, Blog Post, Mortgage Trends.

Bill, from the Properties in Victoria Professionals real estate team, sat down with Callum Greig of Prime Mortgage Works at his Victoria BC office to review what happened in the Canadian mortgage world in 2018 and how the changes introduced affected the consumer’s purchasing power. We also touched on what we may or may not see […]

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Changes to the British Columbia Residential Tenancy Act

& Blog Post.

Recently, Bill Ethier from the Properties in Victoria Professionals Team sat down with Hunter Boucher, Member Services Manager at Landlord BC to learn about some of the rule/regulation changes surrounding the BC Residential Tenancy Act. The following highlights were touched on during the video interview. Back in December 2017 the BC Government introduced changes to the rules […]

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First Time Homebuyers’ Program Changes

& BC Real Estate Update, Blog Post.

On the heels of multiple government announcements in 2016 and early 2017, the British Columbia Real Estate Association (BCREA) welcomes the latest: an increase in the Property Transfer Tax exemption threshold for first-time buyers, announced in Budget 2017. The increase, to $500,000 from $475,000, takes effect today. BCREA appreciates this government’s attention to the needs […]

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Economy, Population Growth Support Housing Demand Through 2018

& B.C. Real Estate, BC Real Estate Update, Blog Post.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 14.1 per cent to 96,345 units this year, after reaching a record 112,209 units in 2016. A moderation trend that began early in 2016, combined with tougher federal government mortgage qualification rules and the foreign buyer tax in Vancouver, is expected to […]

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BC Home Sales Post Record Year

& B.C. Real Estate, BC Real Estate Update, Blog Post.

The British Columbia Real Estate Association (BCREA) reports that a record 112,209 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in 2016, an increase of 9.5 per cent from the previous year. Total sales dollar volume was a record $77.6 billion, up 18.8 per cent from 2015. The average MLS® residential price […]

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