Bank of Canada takes a cautious approach to rates amid tariff uncertainty.The unpredictability of the United States’ trade war and signs of creeping inflation kept the Bank of Canada’s interest rate on hold for a second consecutive decision on Wednesday — even as the central bank braces for an economic hit. Bank of Canada governor Tiff Macklem said there was a “clear consensus” among monetar ...

Should Canada relax restrictions on foreign buyers and investment in real estate while impacted by Tariffs?Tariff uncertainty has stalled already tepid activity in the pre-sales market, reigniting talk about the pros and cons of foreign buyer rules. The Bank of Canada rate hold last week continues to stall an aleady slow market.  Before the foreign buyer ban in Canada, foreign buyers generall ...

USA Tariffs impacting housing activity.... The British Columbia Real Estate Association says housing activity slowed last month. According to a new report, residential home sales were down nearly 10 per cent last month compared to the year prior. The average Multiple Listing Service residential price in B.C. was also down 2.4 per cent to $964,349 compared to $987,811 in February 2024. To ...

Myeloma Canada is bringing back its largest national fundraiser, Ride to Beat Myeloma on June 1/25! On June 1st, Roma and Jack's Riders will ride 34km or 63km to raise funds and awareness for Multiple Myeloma. In support of Roma and Jack’s journeys with cancer, we aim to raise money towards advanced treatment options, better access to care, and impactful research initiatives. Our goal is t ...

Tariffs and the BC Housing Market:The spectre of tariffs looms large over the intertwined economies of Canada and the United States, threatening not only the macroeconomic stability of both nations but also the livelihoods of ordinary citizens and the vitality of essential industries. Canada, with its trade-heavy economic model, is particularly vulnerable to such disruptions as scenarios outl ...

Canada’s central bank has cut interest rates for a sixth consecutive time as inflation remains around two per cent and the threat of U.S. tariffs looms. The 25-basis point cut comes as the Bank of Canada forecasts GDP growth will strengthen in 2025 if there is no trade war with the United States.

A New Year......a new Provincial Government Rule!As of January 1, 2025 the BC Home Flipping Tax is now in effect and includes pre-sale contracts.  If the property is owned for less than 730 days this tax will apply.  It is seperate and distinct from the Property Transfer Tax.  Oh joy!

Happy New Year!Working with all of you this past year has been a privilege. Thank you for your continued loyalty and support. Wishing you and your family a healthy and prosperous 2025!  My hope and wish is that all housing will be affordable for all families and more housing will come available.

As of January 1, 2025 the BC Home Flipping Tax is now in effect.  Here's how it works:- The tax applies to income from sales of residential properties, presale contracts or assignments owned for less than 730 days (2 years).  This includes properties bought before January 1, 2025, if they are sold on or after that date and owned for less than 2 years.-  The rate is 20% for sales within the fi ...

Merry be your Holiday,Peaceful be your Family,Joyful be your HOME!Good Health to all.