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 […]
B.C.’s new short-term rental regulations 2024
B.C.’s new short-term rental rules The British Columbia Government has introduced new regulations that significantly impact travelers and short-term rental operators alike. Effective May 1, 2024, B.C.’s new short-term rental regulations restrict such rentals to principal residences and secondary suites. The primary objective is to redirect more short-term rental units back into the long-term rental […]
Appraisal for Tax Purposes | How Can I Save Taxes with my Principal Residence?
Tax Appraisal | Appraisal for Tax Purposes Whether you’re a seasoned homeowner with years of property experience under your belt or a first-time buyer stepping into the exciting world of homeownership, every decision regarding your home carries significant financial implications. By understanding the intricacies of capital gains, property transfer tax, and appraisal for tax purposes, […]
7 Factors that Influence the Cost of a Home Appraisal: How Much Does a Home Appraisal Cost?
How Much Does an Appraisal Cost in BC? Understanding the factors that influence the cost of a home appraisal is crucial for anyone involved in the real estate market. Whether you’re a buyer looking to secure financing, a seller determining the right listing price, or a homeowner considering refinancing options, knowing what drives appraisal costs […]
Property Division in a Divorce? Divorce Appraisal
Splitting Property – Divorce Appraisal – Home Appraisal Divorce can be a challenging and overwhelming journey, especially when it comes to division of property. Among these assets, a matrimonial home often holds significant emotional and financial value. Ensuring an accurate valuation of the family home is crucial for achieving a fair and equitable settlement for […]