With a new year now underway, Canadians can expect to see a variety of changes coming to federal, provincial and local government housing legislation in 2024.  From updated taxes to revised urban planning regulations, new housing laws and policies will roll out across the country in the coming months. Several of these policies promise to boost much-needed housing supply, which remains at a c ...

In the next few days, owners of more than a million properties throughout the Lower Mainland can expect to receive their 2024 assessment notices which reflect market value as of July 1, 2023. "Across the Lower Mainland and throughout B.C., the overall housing market has generally stabilized in value," says BC Assessment Assessor Bryan Murao. "Most homeowners can expect only modest changes in ...

Following several years of unprecedented ups and downs, Canada’s housing market could return to more normal levels of activity and price trends next year. The Bank of Canada is expected to lower its overnight lending rate in the second half of 2024, which will lead to an increase in demand from sidelined buyers as they adjust to today’s lending realities. READ THE FULL STORY HERE

Royal LePage just released its 2023 Winter Recreational Property Report, and I am honoured to be BC’s contributing expert who provided insight on British Columbia’s regional ski and recreational markets. According to the report, in the first ten months of 2023, the median price of a single-family detached home in British Columbia’s popular ski regions decreased 1.6 percent year over year ...

I have handpicked some slides from a recent Royal LePage presentation that I think will definitely spark your interest. Moreover, I am sharing a link with you that contains some valuable information about the Vancouver market. The latest market insights for September 2023 can be found at the link provided.LINK TO PRESENTATIONLINK TO MARKET INSIGHTS VIDEO

Royal LePage has just released their House Price Survey for the third quarter of 2023. View the full report here

Despite facing higher interest rates in 2023, the BC housing market remained resilient, with sales recovering after a pause by the Bank of Canada in January. Although recent tightening and delays in expected rate cuts may have caused some disruption, the market continues to show strength and perseverance. Click here to watch the August 2023 update. For a complete copy of the report click here