BC Home Flipping Tax: What Buyers and Sellers Need to Know in 2025
Posted on Jan 16, 2025 in Sellers
As of January 1, 2025, British Columbia has implemented a new Home Flipping Tax designed to address rapid property turnovers and stabilize the real estate market. This tax targets property sales where the owner has held the property for less than 730 days (two years) and applies unless specific exemptions are met.It’s essential to understand how th...
Home Sales Register a Strong Finish to Cap off 2024
Posted on Jan 14, 2025 in GVR Monthly Market Report
Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver1 rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.The Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase f...
New listings at 10-year high in 2024, but affordability still the Elephant in the room in Fraser Valley
Posted on Jan 14, 2025 in FVREB Monthly Market Report
SURREY, BC – Bank of Canada interest rate cuts that began mid-year were not enough to ease theaffordability crisis for many home buyers in the Fraser Valley in 2024, leading to a decline in annual sales.
The Fraser Valley Real Estate Board reported new listings of 35,698 for the year ended December 31, 2024,
a 10-year high and nine per cent above th...
a 10-year high and nine per cent above th...
Selling Your Home as a Senior? Trust REALTOR® Robert Tremblay, Senior Specialist with Renanza Realty
Posted on Jan 13, 2025 in Sellers
Selling your home as a senior is a significant decision that requires careful planning and support. Whether you’re downsizing, relocating, or transitioning to a new chapter of life, working with a trusted REALTOR® like Robert Tremblay can make all the difference. As a Senior Specialist with Renanza Realty, Robert understands the unique needs of sen...