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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BC Home Sales Trend Toward 10 Year Average

& B.C. Real Estate, Blog Post.

The British Columbia Real Estate Association (BCREA) reports that 6,419 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November, down 20.1 per cent from the same month last year. Total sales dollar volume was $4.02 billion in November, a decline of 25.2 per cent compared to the previous year. The average […]

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