What to expect from July's Bank of Canada interest rate update Another Bank of Canada (BoC) interest rate update is scheduled this month, and you may be bracing yourself for the Crown corporation’s latest decision. In June, Canada’s central bank held its key interest rate at 2.25 per cent for the fi

'Scathing indictment': Massey Tunnel replacement will cost $8.5 billion, more than double original estimate The estimated completion time for the project has also been delayed almost a year, from December 2030 to September 2031, despite previous reports the timeline would remain the same. B.C. Premi

Condo plan's discount premise faces market doubts $1-million-plus pricing complicates the affordability goal   The economic case for a $1.45-billion federal-provincial plan to buy unsold British Columbia condos rests on securing units below market value, but analysts and commentators question whethe

GST Rebate on New Homes Is Freezing BC’s Resale Market Let’s get one thing straight: the government just handed first-time home buyers in BC a massive win. Up to $68,000 in savings between the GST rebate and Property Transfer Tax Exemption? That’s real money. But here’s what most people haven’t figu

West Vancouver council reluctantly moves forward on province's housing density changes West Van councillors say having Victoria impose zoning unilaterally would be a worse option.   West Vancouver council is reluctantly moving foward on changes that will increase housing density allowed on single fa

Severe correction in Vancouver condo prices may persist Prices could fall further in 2026 before stabilizing in 2027, say experts. Toronto-Dominion Bank (TSX:TD) is predicting Vancouver condo prices will fall around seven to eight per cent by year’s end compared to the fourth quarter of 2025, though

No evidence of generalized inflation despite May price hikes: BoC’s Macklem By: The Canadian Press Bank of Canada governor Tiff Macklem says he’s not seeing evidence of generalized inflation even as price pressures surged in May. Statistics Canada said Monday that inflation jumped to 3.2 per cent la

  The federal and British Columbia governments are developing a program to purchase more than 2,200 condos in B.C. to turn into affordable housing, though the financial mechanism that will be used to make the acquisitions is still up in the air. Nearly 4,000 newly built condos are sitting empty in t

      Are you planning to sell your home in beautiful British Columbia, Canada? It's an exciting venture, but it's essential to understand the financial aspects involved. Selling a home involves more than just finding a buyer; there are various costs associated with the process that every homeowner

Insights You Might Have Missed When Selling Your Home During Divorce   Divorce is a challenging life event, often accompanied by complex financial and emotional decisions. Among these decisions, dividing shared assets such as the family home can be particularly daunting. In this blog, we explore thr

    Here are some comparisons highlighting why selling a house during a divorce differs from conventional sales: Emotional Complexity: Divorce often involves heightened emotions and stress for both parties, which can impact the sale process. Emotions such as anger, sadness, and resentment may influe

Here are several reasons why someone might choose New Westminster, Canada, as their place to live: Historic Charm: New Westminster is British Columbia's oldest city, boasting a rich history and heritage. Residents can explore historic neighborhoods, heritage buildings, and cultural landmarks that re

Divorce is a challenging and emotionally turbulent time, often accompanied by complex decisions and significant life changes. Among these decisions, one that carries immense weight is the sale of the marital home. For divorcing couples, selling the family home involves various considerations that ex

  Selling a home during a divorce can be a challenging and emotional process. Here are some strategies and recommendations to help navigate this situation: Open Communication: Maintain open and honest communication with your ex-spouse. Discuss your intentions, expectations, and agree on key decision

    Homes come in all shapes and sizes – each with its own charm and character.   You have to define your needs and list key factors like family size, lifestyle, and preferences. "It's not about size; it's about meeting your needs. What matters most to you?   Below are are some advantages of Smaller

  Demographics: Demographics, including population size, age distribution, and household composition, play a vital role in shaping real estate trends. Changes in demographics can influence the demand for different types of properties. For example, areas with a growing population of young professiona

    Serious Sellers: In the winter months, sellers are often more motivated. Take advantage of this by negotiating effectively and potentially getting a better deal. Off-Peak Season Opportunities: The winter season may have fewer buyers, creating an opportunity for less competition. Serious sellers

    Less Competition: With fewer homes on the market during the holidays, your listing stands out more, potentially attracting serious buyers. Motivated Buyers: Many buyers during the holidays are motivated, often needing to relocate due to job changes or personal reasons. They're serious about maki

  BC Program Link: https://www.bchousing.org/housing-assistance/secondary-suite   Looking for a Home? Click HERE to start your Home Ownership Journey!   Accessory Dwelling Units (ADUs) offer several benefits, making them an increasingly popular option for homeowners. Here are some key advantages: Ad