Category: Uncategorized
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Burnaby rents second-highest in Canada, despite nationwide decline
Rents in Canada have declined by 3.2% in 2024, the lowest in 17 months, but remain 16.8% higher than pre-pandemic levels. Burnaby ranks second for the highest rents in Canada, with one-bedroom apartments averaging $2,366 (down 9%) and two-bedroom apartments at $3,055 (down 3.1%). Overall, BC saw a slight rent decline of 0.5%, while Ontario…
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BC Vacancy Rates Climb, Rent Slows!
Vacancy rates rise as B.C. rental prices stabilize after years of record increases.Vancouver’s two-bedroom units average $2,314, much higher than Canada’s $1,447 national average rental price.
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Tax Tip Optimize BC Insurance Premium Payments
Verify with your accountant if your insurance premiums are paid tax-efficiently to optimize claims. Premiums are paid with after-tax dollars for non-incorporated individuals; benefits are non-taxable, and premiums are not deductible.
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Things Homeowners Should Check in Winter
Protect Pipes: Insulate exposed pipes to prevent freezing and bursting during cold weather. Seal Air Leaks: Check windows, doors, and outlets for gaps to save on heating costs.
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बी.सी. नए साल में घर-फ्लिपिंग टैक्स और आयकर छूट के साथ कदम रख रहा है
ब्रिटिश कोलंबिया में 1 जनवरी से नया 20% घर-फ्लिपिंग टैक्स लागू होगा, जिसका उद्देश्य निवेशकों द्वारा त्वरित संपत्ति बिक्री को हतोत्साहित करना है। प्रीमियर डेविड एबी ने मध्यम-आय कर कटौती की घोषणा की है, जिससे 2025 में $1,000 तक की छूट मिलने की उम्मीद है, और आने वाले वर्षों में और छूटें दी जाएंगी। हालांकि,…
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19 assessed values of Metro Vancouver landmarks and major sites
BC Assessment's 2025 property assessments highlight significant non-residential property values in British Columbia, often overshadowed by residential trends. Notable assessed values include Stanley Park at $3.649 billion, Queen Elizabeth Park at $455 million, and the University of British Columbia campus at $7.618 billion. Other key properties include Hastings Park/PNE valued at $1.2 billion, Canada Place…
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5 Facts About 2025 Housing Market: Shocked by the Last?
1. 2025 may see a surge in housing demand: Lower rates and rule changes could overwhelm Canada’s housing market 2. New mortgage rules benefit high-end buyers: This shift offers smaller down payments for higher-priced homes.
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How Canada Can Reach Net Zero by 2050
Canada aims for net-zero emissions by 2050, but progress remains uncertain, especially in construction sectors. Developers face challenges balancing net-zero goals with affordable housing and resilient infrastructure demands.
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Typical Burnaby single-family home value hits $2M
The value of a typical detached home in Burnaby increased by four per cent, reaching $2 million, while the typical strata residential home remained unchanged at $732,000. This marks the second consecutive year of stabilization in the B.C. housing market. Homeowners can expect modest assessment changes between -5 per cent and +5 per cent. Changes…
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Rents Surge Globally: What’s Driving the Rise?
Renting costs are soaring globally in 2024, with many paying more than ever for properties they don’t own. Premium-priced rental property investments and rising mortgage rates intensified competition, further pushing rental prices upward.