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
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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
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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
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"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
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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
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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
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