North Vancouver, Burnaby North, Burnaby South, New Westminster, and Port Coquitlam are leading the charge with robust January home sales, showcasing a seller's market with just a 4-month supply of listings. On the flip side, West Vancouver presents an opportunity for buyers, with a 21-month supply indicating a softer market.
The 2024 BC Property Assessment Notices are out! Regardless of whether the tax assessed value of your home has gone up, down, or stayed flat, DO NOT assume this is your home's MARKET VALUE! Here's why:
1) BC Assessment Values Are Collected From July 1, 2023
As indicated in the 2024 BC Assessments, the valuation of your property is based on data extra...
As of May 1, 2023, here are some changes to the exemptions:
1. Legacy Exemption:
an owner, tenant or occupant with a legacy exemption can have their spouse, partner, or children (including adult children) live with them at any time after the age-restriction bylaw is passed, even if they do not not meet the age criteria.
Here are the 4 key amendments to Canada's Foreign Buyers Ban.
Enable more work permit holders to purchase a home to live in while working in Canada.
Those who hold a work permit or are authorized to work in Canada under the Immigration and Refugee Protection Regulations are now eligible to purchase residential property if they have 183 days or more o...