Greater Vancouver Housing Market: What to expect in 2026
BC Housing Market | Canada Housing Market 2026 | Vancouver Housing Market After years of rapid price escalations followed by cooling measures, the Metro Vancouver housing marketing in 2026 has firmly entered a new phase. Unlike the seller’s market of the past, 2026 is shaping up to be a year defined by balance, negotiation, and […]
What is a Home Appraisal? Everything You Need to Know
Home Appraisal | House Appraisal Buying or selling a home is one of the most significant financial decisions most people will ever make. With such a large investment at stake, both buyers and lenders need a reliable way to determine a property’s market value. That’s where a home appraisal comes in. If you’ve ever wondered […]
Retrospective Appraisal: When and Why You May Need One
Historical Appraisal | Date of Death Appraisal When most people think of a home appraisal, they imagine a report based on the property’s current market value. But there’s a lesser-known type of appraisal that plays a crucial role in legal, financial, and tax-related matters: the retrospective appraisal or also known as historical appraisal. This type […]
Change in Use of Property
Principal Residence Exemption | Capital Gains on Principal Residence | Change of Use If you’re a homeowner in British Columbia thinking about converting your principal residence into a rental property or vice versa, it’s important to understand how the Canada Revenue Agency (CRA) treats this change in use of property. According to CRA rules, any […]
BC Short-Term Rental 2025
Short-term rent Vancouver | | Vancouver Housing Market Housing prices in British Columbia have surged in recent years, putting pressure on affordability across the province. In response, the government has introduced new short-term rental regulations aimed at increasing the supply of long-term housing. By returning more units to the market, units that were previously unavailable […]
Greater Vancouver Housing Market: What to expect in 2025
BC Housing Market | Canada Housing Market 2025 | Vancouver Housing Market After years of ups and downs, Greater Vancouver housing market is expected to return to a more stable and predictable state in 2025. This shift means a more balanced environment for both buyers and sellers. The B.C. Real Estate Association (BCREA) reports that […]
BC Assessment 2025: Think Your Notice of Assessment is Incorrect?
BC Assessment 2025 | How to Appeal Your BC Assessment Every January, homeowners across British Columbia receive their Notice of Assessment, which outlines the assessed value of their property as of the previous July. In the Lower Mainland alone, over 1.1 million properties are evaluated annually. While this document plays a critical role in determining […]
Is Canada on the Brink of a Mortgage War as Interest Rates Decline?
“Mortgage War” / Mortgage Appraisals Canada’s mortgage market is on the verge of a major shift, with experts predicting a potential “mortgage war” between the country’s largest banks. As interest rates begin to fall and over half of all mortgages are set to renew in the next two years, competition among lenders is expected to […]
Mortgage Reforms 2024: Key Changes and the Importance of Mortgage Appraisals
Mortgage Reform 2024 / Mortgage Appraisals On September 16, 2024, the federal government introduced a major mortgage reform aimed at making homeownership more accessible in Canada. With plans to build 4 million new homes, increase the insured mortgage price cap, and extend amortization options, these measures will impact first-time buyers, buyers of new builds, and […]
Understanding Mobile Home Appraisal
Mobile Home Appraisals in Canada As single-family home prices continue to rise in Canada, the dream of homeownership is becoming out of reach for many people. In a market where prices are sky high, more people are turning to affordable alternatives, with mobile homes also known as manufactured homes being a feasible option. These homes […]