Taxes, Rescissions, Bans, Strata Rules - 4 Big Changes that affect Real Estate
Posted on Dec 13, 2022
The overheated housing market, and double digit home price percentage increases we've experienced in the past couple of years have caused the federal and provincial governments to implement some big changes that will impact anyone purchasing or selling a home. Their stated goal is to increase housing accessibility and increase affordability for Can...Sunshine Coast August Real Estate Report
Posted on Aug 02, 2022
Consumers seem to have hit the limit of their budgets and home prices have come off from the high of this spring. Listings have increased to normal averages, while sales have dropped. There is currently 7.7 months of inventory on the market across the Sunshine Coast, which suggests we may see further price adjustments in many price brackets.
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Housing Affordability and Supply Addressed in 2022 Federal Budget
Posted on Apr 19, 2022
Note - This article is from the British Columbia Real Estate Council. Written by Matt Mayers. The Federal Budget 2022 was introduced on April 7 with a significant focus on the supply and affordability of housing in Canada. BCREA was encouraged to hear Canada’s Minister of Finance Chrystia Freeland accurately diagnose t...
The Cooling Off Period - A hot or cold idea?
Posted on Apr 19, 2022
The cooling off period..what does this mean? The unprecedented run up in prices and competition amongst buyers has lead to many purchases being made in multiple bidding situations and many times where the buyer needs to put in a no subject offer in order to be competitive. While most of the time, there have been no downsides to the buyers, any time...Sunshine Coast April 2022 Real Estate Market Report
Posted on Apr 16, 2022
Photo from Gibsons Yacht Club
The real estate market on the Sunshine Coast continued to move forward like a high-speed train with no stops in sight. Prices rose over 10% across all markets in the first 3 months and April is continuing on the same low inventory, high demand track. As of April 15, we have 239 properties for sale across the Coast. Howe...
First Time Home Buyers Eligible for $5000 Tax Credit
Posted on Feb 15, 2022
Although purchasing your first home can be a real stretch on finances, there is a bit of relief for first time home buyers. The government of Canada has a federal program called the Home Buyer's Tax Credit and it's one of the easiest and simplest benefits for new property owners to receive.The Home Buyers’ tax credit, also known as the Home Buyers...