new market updates

Enhancing Housing Affordability: New Property Transfer Tax Exemptions for First-Time Buyers and New Homes in British Columbia

In a concerted effort to enhance housing affordability, the Government of British Columbia has announced significant amendments to its Property Transfer Tax (PTT) framework. These alterations, outlined in the 2024 provincial budget, signify a proactive approach to address the pressing challenges faced ...

Posted by Fraser Valley Real Estate Marketing Department on Feb 23, 2024

Understanding the Proposed BC Home Flipping Tax: Implications and Exemptions

The proposed British Columbia (BC) home flipping tax introduces significant considerations for property owners, particularly those engaged in short-term property transactions. Designed to deter speculative activity and promote housing stability, this tax mandates adherence to specific guidelines outlined ...

Posted by Fraser Valley Real Estate Marketing Department on Feb 23, 2024

Canadian Government Extends Non-Resident Buyer Ban to 2027

In a concerted effort to address the pressing issue of housing affordability for Canadians, the Canadian government has announced the extension of the ban on non-resident buyers in the residential real estate market until January 1, 2027. This measure aims to curb speculative investment and stabilize ...

Posted by Fraser Valley Real Estate Marketing Department on Feb 06, 2024

"Revitalized Momentum: Fraser Valley Real Estate Market Rebounds Strongly from Seasonal Lull"

Fraser Valley Real Estate Market Shows Signs of Recovery in January After experiencing six consecutive months of declining home sales, the Fraser Valley real estate market exhibited a noteworthy rebound in January, providing a glimmer of hope for both buyers and sellers. The latest statistics published ...

Posted by Fraser Valley Real Estate Marketing Department on Feb 03, 2024

BCREA 2024 First Quarter Housing Forecast Update: Anticipated Rebound in BC Housing Market Amid Changing Interest Rate Landscape

Vancouver, BC – January 25, 2024. The British Columbia Real Estate Association (BCREA) unveiled its much-anticipated 2024 First Quarter Housing Forecast today, shedding light on the trajectory of the province's real estate landscape. The forecast paints an optimistic picture, projecting a 7.8% increase ...

Posted by Fraser Valley Real Estate Marketing Department on Jan 28, 2024

Navigating Legislative Changes in BC Real Estate: Your Guide to Bill 44 and Bill 47

On November 30, 2023, significant legislative changes were introduced in British Columbia through Bill 44 and Bill 47. These amendments, known as the Housing Statutes (Residential Development) Amendment Act, 2023 (Bill 44) and the Housing Statutes (Transit-Oriented Areas) Amendment Act, 2023 (Bill 47), ...

Posted by Fraser Valley Real Estate Marketing Department on Jan 27, 2024
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.