Sunshine Coast Real Estate Market Outlook for 2025
Posted on Feb 06, 2025
As we begin our move into 2025, the Sunshine Coast real estate market is poised for notable changes influenced by broader provincial and national trends. The British Columbia Real Estate Association (BCREA) anticipates a 13% increase in home sales across the province, signaling a rebound from the flat activity observed in 2024.
Provincial Trends Imp...
Mortgage Reforms - Unlocking Ownership
Posted on Feb 06, 2025
In response to the ongoing housing affordability crisis, the Canadian government implemented significant mortgage reforms on December 15, 2024. These measures aim to make homeownership more accessible while encouraging new housing development.
Key Changes
Increased Insured Mortgage Cap
The cap on insured mortgages has been raised from $1 million to $1...
Navigating the BC Home Flipping Tax
Posted on Feb 06, 2025
Starting January 1, 2025, British Columbia introduced the Home Flipping Tax to address speculative activity in the real estate market. While much of the province faces challenges like foreign buyer restrictions and empty home taxes, the Sunshine Coast presents a unique market dynamic with its strong appeal as a vacation destination.
The Home Flippin...
December Real Estate Market Recap
Posted on Feb 06, 2025
Market Re-Cap by Region:
Gibsons
HPI: $830,800 (+5.6%) | Listings: 104 (+26.8%) Sales: 12 (+20%) Months of Inventory: 8.7
While the market showed some buoyancy compared to December of 2023, the market softened slightly from November, which had an HPI of $864,700 and total inventory of 127. With only 12 sales noted, this shows several homes came off th...
Why Now is the Best Time to Buy at Wood Bay Heights
Posted on Feb 06, 2025
Titles are registering, and building can start almost immediately at Wood Bay Heights!
With prices reflecting today’s slower market, this is your chance to secure premium Sunshine Coast property before prices rise in the spring.
These ready-to-build lots feature finished roads to the driveways and are just minutes from town. Surrounded by beaches, hi...
Real Estate Tax Planning Tips for BC Homeowners & Investors
Posted on Feb 06, 2025
Now is the perfect time to review your real estate finances and prepare for the upcoming tax season. Here are some key considerations for BC homeowners, sellers, and investors:
1. Property Tax Deferment Programs
BC offers several programs to defer property taxes, especially for seniors, families with children, and those experiencing financial hardshi...