Starting January 1, 2025, the new BC Home Flipping Tax will add another layer of tax consideration for British Columbians who sell residential property within a short timeframe. This tax will be in addition to the existing federal property flipping tax introduced by the Canada Revenue Agency in 2023. While there are similarities between the two tax...
Twice a year, rennie intelligence produces the rennie landscape, which tracks a variety of demographic and economic indicators that directly and indirectly influence the housing markets of Metro Vancouver, Greater Victoria, and the Central Okanagan.
If you don't have time to read this detailed pamphlet, here are some "coles" notes:
If you’re trying to buy a home — especially in a competitive real estate market, and especially if you’re making an offer under asking price — you could provide the seller with an offer letter that waives a few contingencies. For example, waiving your inspection contingency or at least shortening it will tell the seller that you’re serious and will...
In the Whistler market, the benchmark sale price was $1,705,000 with an average days on market of 103 days for detached homes. At the end of the month, there were 6 sales and 86 active listings.
In comparison, the condo market had 17 sales and 99 active listings. The benchmark sale price was $506,000 and the average days on market were 39.
