BC's New Housing Action Plan: Homes For People The British Columbia government has recently released a new housing action plan called "Homes For People". While some of the plan's commitments have been announced before, there are some new policies that are worth noting. The housing action plan includes three significant announcements that will impact housing…
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Amendments to Canada's Foreign Buyer Ban: Easing Home Ownership for Newcomers and Boosting Housing Supply Canada's housing market is facing affordability concerns, and to address this issue, the Canada Mortgage and Housing Corporation (CMHC) has made changes to its foreign buyer ban. The goal is to enable newcomers to put down roots in Canada through…
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Preparing Your Home For The Selling Process If you're looking to sell your home in Vancouver, you need to make sure it's ready for the market. As a homeowner, you've likely invested a lot of time and money into your property, so it only makes sense to take the necessary steps to ensure you get…
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Heating and Cooling Systems: A Comprehensive Guide for Homeowners As homeowners, it is crucial to have an understanding of how our heating and cooling systems operate. It is also important to understand the maintenance they require and when it's necessary to upgrade our system. However, for most of us, our knowledge is limited to turning…
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2023 Home Sales Decline Below Long-Term Averages and Inventory Remains Low in Metro Vancouver The Metro Vancouver Real Estate Market experienced a slowdown in January 2023. Home sales have dipped well below monthly historical averages and inventory remaining low. According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in the region…
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Why Hiring A Vancouver Realtor Is Important In A Virtual Market As we enter 2023, it is clear that technology has had a significant impact on the way Real Estate transactions are conducted. The advent of online marketplaces such as Zillow and Redfin has led many buyers and sellers in Vancouver to believe that they…
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The History of Vancouver's Housing Market Vancouver's housing market has a long and varied history. There have been ups and downs influenced by a range of economic, social, and political factors. Here is a brief overview of the key events and trends in Vancouver's housing market history: Vancouver's housing market was characterized by a rapid…
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New Federal Legislation Prohibiting the Purchase of Residential Property by Non-Canadians Starting January 1, 2023, the Prohibition on the Purchase of Residential Property by Non-Canadians Act will come into force. The Act prohibits any individuals who are not Canadian Citizens or permanent residents of Canada from purchasing residential property for two years. This act also applies…
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November Market Update While November is a typically quieter month for market activity, this year's home sale and listing totals lagged below the region's long-term averages. Let's take a closer look. Realtors registered over 1600 home sales on the MLS in November. This is a 53% decrease from this time last year and is 37%…
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Top 5 Interior Trends for 2023 2022 is almost over, it's time to start looking towards the upcoming year and what interior trends will follow. We will see a whirlwind of different interior styles. Ones that will invoke emotion, show off character, and bring the outside in. Once these are all bundled up together with…
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