Exciting Changes for First Time Buyers
Posted on Feb 26, 2024
Are you ready to take the leap into homeownership? We've got some fantastic news just for you! We understand that buying your first home is a significant milestone, and we're thrilled to introduce some new changes that will make your journey even more rewarding.
Enhanced Affordability
Effective April 1, 2024, the first-time home buyers' Property Tran...High Interest Rates Continues to Chill Local Residential Real Estate Markets
Posted on Jan 04, 2024 in Market Statistics
Residential real estate market sales activity for December cooled as high interest rates continued to impact the real estate market, reports the Association of Interior REALTORS® (the Association).
A total of 528 residential unit sales were recorded across the Association region in December coming in below November’s 813 units sold and representing...
How BC's New Zoning Laws are Reshaping Urban Living
Posted on Dec 26, 2023 in Industry Interest
BC has introduced regulations for short-term rentals, aiming to solve local housing needs. These regulations may revolutionize how cities are structured, and homes are built. Consequently, they will also affect BC's Tourism Industry, as well as the housing market, as it further inhibits Property Owners' ability to use their property as they see fit...
Local Residential Real Estate Market Dampened by Interest Rates
Posted on Nov 07, 2023 in Market Statistics
Residential real estate market sales are below average for October as high interest rates continue to dampen market activity, reports the Association of Interior REALTORS® (the Association).
Inventory
A total of 977 residential unit sales were recorded across the Association region in October marking a slight increase over September’s 977 units sold...
Breaking into the Market with Co-ownership
Posted on Oct 11, 2023
With rising interest rates and property values, combined with elevated cost of living, the pursuit of home ownership is getting further out of reach for many people.
One creative way to get into the market and lower the cost, is to pool your finances and consider co-owning a property. A recent study found that 6% of Canadian homeowners co-own with...
One creative way to get into the market and lower the cost, is to pool your finances and consider co-owning a property. A recent study found that 6% of Canadian homeowners co-own with...
Market Activity Curbed by High Interest Rates
Posted on Oct 05, 2023 in Market Statistics
Residential real estate market sales dipped in September as high interest rates continued to stifle market activity, reports the Association of Interior REALTORS® (the Association). A total of 977 residential unit sales were recorded across the Association region in September marking a significant dip from the previous month’s 1,265 units sold and...
