B.C.’s new home-flipping tax unlikely to help affordability, say experts
The Pique News Magazine
Industry experts say they are less than enthusiastic about the province’s flipping tax.
Criticism points to low levels of flipping activity in B.C.’s housing market, as well as the potential it has to discourage real estate investment and sales, according to those who spoke to BIV. Read more…
Insurance Bureau urges B.C. residents to get their homes ready for wildfire season
The Pique News Magazine
Small wildfires that popped up over the weekend in the Okanagan are a reminder that fire season is coming. The Insurance Bureau of Canada (IBC) is advising B.C. residents to check their home insurance policies to make sure they have adequate coverage. Read more…
National home sales in February up nearly 20% compared with year ago
The Pique News Magazine
The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago in what could mark the “last relatively uneventful month of the year.”
The association said Monday the increase in part reflected weakness last year, as the result for February 2023 was one of the lowest for the month in the past two decades. It said current activity has also climbed back to only around five per cent below the 10-year average. Read more…
Lower Mainland presale market heating up in 2024
The Pique News Magazine
A promising presale market in Metro Vancouver and the Fraser Valley is sparking optimism among real estate buyers.
Three presale projects launched in January, increasing to six in February for a total of 1,024 units, according to a March 12 report from MLA Canada. Read more…
Squamish’s 37-acre Klahanie property up for sale
The Squamish Chief
The large property on which Klahanie Campground sits is for sale by court order.
The 15-hectare (37-acre) property includes almost 0.5 kilometres of waterfront and “extensive highway frontage.”
It is being sold by Re/Max’s Claire Group and Colliers’ Unique Properties as part of a foreclosure. Read more…
Updated: Paradise Trails submits development permit application to District of Squamish
The Squamish Chief
The proponent of the Paradise Trails development says they have officially submitted a development permit application.
The proponent of the project based in Paradise Valley with approximately 82 homes says they have filed a development permit application with the District of Squamish, according to a news release from March 13, 2024. Read more…
Five things to watch for in the Canadian business world in the coming week
Western Investor
TORONTO — Five things to watch for in the Canadian business world in the coming week: Read more…
Most home sellers have two main objectives: to sell quickly and for the highest possible price. This hasn’t been very difficult over the last few years, with market conditions strongly in favour of sellers due to high demand, low interest rates, and an ongoing housing supply shortage in many Canadian cities. Despite this perfect storm, some houses are a hard sell. The question is, why? Read more…
But with a bit of study, planning and the right team by their side, small businesses can level up the playing field for the same chance at success. Read more…
You’ve got your mortgage pre-approval, and you’re shopping the market for your perfect home. If you find one that’s priced too close to your limit, you run the risk of being house-poor. Let’s look at what it is, what you can do to avoid it, and what to do if you are already house-poor. Read more…
Whether you’re a small retailer selling hand-made products in a tiny shop or a larger one looking to take your business to the next level, the annual rent for your retail space will be one of your most significant business expenses. If, like many entrepreneurs, you signed your landlord’s cookie-cutter triple net ease without asking a commercial real estate agent or lawyer specializing in lease negotiations to help create a counteroffer, you may find yourself experiencing sticker shock each month when your rent comes due.
Even if you’re mostly happy with your contract and just want to tinker with it a bit before a renewal, renegotiating your lease could save you plenty. Read more…
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