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Safer Showings During BC’s Second Wave of COVID-19

Update – This document has been updated to align with Provincial Health Officer orders and directives up to and including December 7, 2020. Real estate professionals must continue to adapt to protect themselves, consumers and communities from COVID-19. REALTORS® must…

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Land Owner Transparency Act #533

(Source – BCREA – Legally Speaking) On November 30, 2020, the Land Owner Transparency Act1 (LOTA) came into effect, and with it, the Land Owner Transparency Registry (LOTR). Now, with every change in title to a property in British Columbia,…

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BC Housing Market Posts Strongest November on Record

Vancouver, BC – December 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019.…

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2020 Mortgage Rate Forecast

Click here to view the December 2020 Mortgage Rate Forecast. Highlights: Bank of Canada actions have pushed mortgage rates to record lows Canadian economy bounced back in the third quarter, but the second wave looms Bank of Canada on hold,…

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Electric Vehicle (EV) Rebates!

New EV Ready rebates as Province doubles rebates for home, workplace charging. Home and workplace charging station rebates are offered through CleanBC’s Go Electric EV Charger Rebate and EV Ready programs. The rebates are administered by BC Hydro and FortisBC…

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Canadian Housing Market Outlook (2021)

Canadians on the move: Not an exodus, but the re-location trend across Canadian housing market is real.  RE/MAX Canada expects average residential prices to rise 4% to 6% in 2021 35% of RE/MAX brokers indicate that “move-over” buyers from other…

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Why you Should Refinance your Mortgage Now

(Source – Canadian Real Estate Wealth Magazine) Historically low interest rates have been the impetus for a home buying frenzy that’s swept much of Canada, but it’s also presented a unique, if a once in a lifetime, opportunity for real…

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November Newsletter

The recent BC Covid-19 protocols, in addition to the approaching Holiday season, have contributed to the moderate pace of our current market.  However, buyers are keen and we predict an increase in listings in the New Year. We encourage everyone to…

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