May 2024

April Market Review 2024 - Navigating a changing market

Posted on May 07, 2024



Spring brought April Showers and New Listings across the coast. However, with interest rates staying steady at the highest rates in years and new government policies causing change and uncertainty, buyers hung back while inventory to rose to levels not seen since 2020.

There were 454 properties for sale across the Sunshine Coast in April, a 29% inc...

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Changes to the Capital Gains Tax - What it means for real estate in BC

Posted on May 02, 2024

If you are the owner of a 2nd home, investment property or cottage, you could be looking at higher taxes when you sell your property under the new proposed federal budget. View the full summary of the Federal Budget here

On April 16th, 2024 the Federal government proposed, effective June 25th, 2024, the following changes to capital gains tax on gain...

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B.C's new regulations curtail Short Term Rentals on the Coast

Posted on May 02, 2024

As of May 1, new legislation has been enacted to regulation short-term rentals across BC in an effort to increase long-term rental availability. In communities with a population of 10,000 or more, short-term rentals will be restricted to principal residences plus one secondary suite or accessory dwelling unit on the same property. Some local govern...

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