Category: Uncategorized
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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.
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Lower Mainland 2025 Property Assessments Announced
The 2025 property assessments for over 1.12 million properties in the Lower Mainland have been released, reflecting market values as of July 1, 2024. Most homeowners can expect modest changes in assessments, ranging from -5% to +5%. The total assessments in the region have remained stable at approximately $2.01 trillion, with nearly $27 billion attributed…
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नॉर्दर्न BC रियल एस्टेट मार्केट नवंबर 2024 अपडेट
नवंबर 2024 में नॉर्दर्न BC के रियल एस्टेट मार्केट ने मजबूती दिखाई, जहां घरों की बिक्री में 20.2% की वृद्धि हुई और कुल 304 घर बिके। औसत घर की कीमत $418,495 हो गई, जो पिछले साल से 5.6% अधिक है। हालांकि, इन्वेंटरी में कमी आई, केवल 299 नई लिस्टिंग्स आईं, जो पिछले 35 वर्षों में…
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Sellers Rejoice: Canadian Home Prices to Increase in 2025
In 2025, Canadian home prices are forecast to ↑ 5%, signalling a seller’s market. Homes under $400K remain available in select regions, offering opportunities for first-time buyers.
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BC’s new 20% home-flipping tax takes effect January 2025
British Columbia's new home-flipping tax will take effect on January 1, 2025, targeting income from residential units sold within two years of ownership. The tax rate is 20% for sales within the first year, decreasing over the second year, with exemptions for primary residences owned for at least 365 days. Certain life circumstances may also…
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B.C. Market: Is a Year of Stability Ahead?
B.C.'s housing market in 2025 is expected to be balanced, with stable sales and prices.Lower borrowing costs should make mortgage payments more manageable for homebuyers in 2025.The main uncertainty for 2025 is the potential impact of U.S. tariffs and economic challenges.
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Vancouver’s “unique” quality of life crowned best in North America
Vancouver has been ranked as one of the best cities in the world for quality of life, placing seventh in the Mercer 2024 Quality of Living Survey, making it the only North American city in the top 10. Other Canadian cities also performed well, with Toronto at 13, Ottawa and Montreal at 20, and Calgary…
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B.C. vacancy rates tick up, easing rental price hikes
The Canadian Mortgage and Housing Corporation reports that rent price inflation has slowed in 2024 due to increased rental building completions and reduced immigration demands. Vacancy rates in B.C. are rising, with Vancouver's two-bedroom units averaging $2,314 and Victoria's at $1,993, both above the national average. Rent growth upon unit turnover remains high at 23.5%.…