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Lenders require extensive documentation to ensure borrowers can repay the mortgage. Being well-prepared with paperwork can facilitate a smoother mortgage approval process.

The BOC expects a rebound in the housing market this year, with a projected increase in real GDP tied to housing. While the Bank has held rates steady, forecasters predict […]

Homebuyers in B.C. and Western Canada explore creative options amid affordability challenges. In Western Canada, secondary suites are popular for extra income from renters, along with joint tenancy and tenants […]

Monthly payments become more manageable for young Canadians aiming for homeownership. Some advocate for broader eligibility, expressing concerns about effectiveness in high-priced markets.The industry expects a significant impact, potentially spurring […]

Introducing a 20% tax on homes sold within the first year to deter speculation. Tax takes effect Jan. 1, 2025, decreasing over two years of ownership.

Kamloops: Avg home price around $620K; diverse economy with opportunities in various industries.Sooke: Avg home price approximately $679,700; picturesque coastal town offering a laid-back lifestyle.

BCREA reports 3,979 residential unit sales in January 2024, ↑ 29.4% yearly. Avg residential price in BC ↑ 10.5% to $957,909 in January, compared to the low-point of $866,922 in […]

Every show home uses tactics to create an idealized version of a property. Tricks include creating a lifestyle story, using pitch-perfect props, subtle symmetry, heating up the space, omitting TV […]

A more balanced market with relatively stable pricing is expected as new listing activity normalizes in 2024. In Greater Vancouver, home sales are forecasted to ↑ 9% in 2024.

Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to […]