Home sales were 28% below the five-year average and 31.1% below the 10-year average for the month of August.
British Columbia has seen an unprecedented wildfire season. Dangerous fires have spread throughout British Columbia posing a significant threat to many communities and forcing people to evacuate their homes. Members of our REALTOR® community have lost offices and homes in recent weeks, with over 220 homes already destroyed. Last week the Canadian Real Estate Association […]
The Canadian Real Estate Association (CREA) announced an updated version the REALTOR® Code of Ethics course.
BCFSA is initiating a conversation with B.C.’s financial services sector participants and consumers about the appropriate regulatory approach to address natural catastrophes and climate-related risks in financial services.
Home sales were 15% below the five-year average and 27.9% below the 10-year average for the month of June.
On July 17th, a new rule and form that are focused on enhancing transparency in multiple offer situations will be implemented.
The number of homes sold through the MLS® System of the Chilliwack and District Real Estate Board totaled 377 units in May 2023. This was a substantial increase of 72.9% from May 2022.
The Canada Revenue Agency’s (CRA’s) guidance on the underused housing tax is now available.On June 9, 2022, the Underused Housing Tax Act (UHTA) received Royal Assent, which means that it is now law. Under the UHTA, the annual 1% underused housing tax generally affects non-Canadian, non-resident owners of vacant or underused residential property in Canada, […]
Changes to the Strata Property Regulation will ensure that people living in stratas with 55+ age restrictions will be able to stay in their homes even if their family structure changes.