Federal Changes For Short Term Rentals
Posted on Nov 20, 2023
🏠 What's Changing?
Property owners in areas with existing restrictions on short-term rentals will no longer be able to claim their rental expenses against the...
Fraser Valley October Market Update
Posted on Nov 02, 2023
In the dynamic realm of Surrey, BC, the real estate landscape experienced a notable evolution in October. As consumers cautiously approached home buying decisions amidst elevated interest rates, the Fraser Valley Real Estate Board recorded a significant shift. With 970 transactions on its Multiple Listing Service® (MLS®), marking a 12% decrease fro...
British Columbia's New Legislation Aims to Transform Housing Landscape
Posted on Nov 01, 2023
In response to the ongoing housing crisis, the British Columbia government is taking a bold step forward with legislation designed to stimulate the development of small-scale and multi-unit homes. This initiative seeks to address the challenges faced by residents in finding affordable housing in their communities.
Key Points of the Legislation:
1. Zo...
Bank Of Canada Update & Outlook
Posted on Oct 25, 2023
In its recent announcement, the Bank of Canada maintained the overnight rate at 5%, emphasizing its commitment to quantitative tightening. This decision comes against the backdrop of a dynamically evolving global and domestic economic landscape.
Global Economic Trends:
The global economy is experiencing a slowdown, influenced by increased policy rate...
New Short Term Rental Rules BC
Posted on Oct 23, 2023
The surge in short-term rentals, exemplified by platforms like Airbnb, VRBO, Expedia, and FlipKey, has reshaped the housing landscape not only in British Columbia but globally. As the demand for short-term accommodations grows, concerns arise about the impact on the availability of long-term rentals, prompting legislative responses. In British Colu...
