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Real Estate

Cooling off period comes to coldest housing market in years

Cooling off period comes to coldest housing market in years

Effective January 3 ,2023, a B.C. homebuyer has three business day to cancel a sales agreement
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Vancouver's December home sales down 52% from year ago: B.C. real estate board

Vancouver's December home sales down 52% from year ago: B.C. real estate board

VANCOUVER — The Greater Vancouver Real Estate Board says home sales and prices continued their fall in December, dropping by 52 per cent and three per cent respectively from a year ago. The B.C.
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Value of Michael Bublé's Burnaby home jumps by $1.85M: BC Assessment

Value of Michael Bublé's Burnaby home jumps by $1.85M: BC Assessment

Single-detached homes and strata properties in Burnaby are up by 10 per cent and 12 per cent respectively, according to BC Assessment's latest numbers.
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B.C. becomes first province to require 3-day contract waiting period for homebuyers

B.C. becomes first province to require 3-day contract waiting period for homebuyers

VANCOUVER — British Columbia has become the first province in Canada to require a three-day waiting period for buyers after they've signed an agreement to purchase a home.
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Everything you need to know about B.C.'s 2023 homeowner grant

Everything you need to know about B.C.'s 2023 homeowner grant

The grant will cover 92 per cent of residential properties in B.C.
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Northern B.C. homeowners see rise in 2023 property assessments

Northern B.C. homeowners see rise in 2023 property assessments

Northern homeowners can generally expect to see a rise of about 5% to 20%
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Feeling richer? Here's how much your property assessment increased in the Tri-Cities this year

Feeling richer? Here's how much your property assessment increased in the Tri-Cities this year

Property values rose higher for townhouses and condos compared to single family homes in Coquitlam, Port Coquitlam and Port Moody, according to BC Assessment property values for 2023.
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B.C. 2022 strata disputes: cats, pet urine, water leaks and hot tubs

B.C. 2022 strata disputes: cats, pet urine, water leaks and hot tubs

B.C.'s Civil Resolution Tribunal adjudicates disputes between strata councils and condo owners.
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B.C. boosts funds to agency that handles disputes between landlords and tenants

B.C. boosts funds to agency that handles disputes between landlords and tenants

VICTORIA — British Columbia is beefing up its residential housing agency that resolves tenant-landlord disputes over issues including unfair evictions, unpaid rent and damage.
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CMHC deputy chief economist predicts 15% housing price drop by Q2 2023

CMHC deputy chief economist predicts 15% housing price drop by Q2 2023

Canada Mortgage and Housing Corp. is predicting housing prices will continue to drop in 2023, but is warning the fall will do little for affordability.
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