Are rate cuts on the way? By Fergal McAlinden 06 Mar. 2024 The Bank of Canada has left its benchmark rate unchanged in its latest decision, keeping rates where they are for the fifth time in a row. The central bank said on Wednesday morning that it was maintaining...

Property Transfer Tax Exemptions: The 2024 budget introduces several changes to the Property Transfer Tax exemptions: 1. First-Time Homebuyers’ Program: The threshold for this program has been increased to reflect current market conditions. Qualifying first-time buyers can now benefit from a complete exemption on the first...

56% of Canadians say they postponed their property search because of higher interest rates, survey finds Author of the article:Pamela Heaven Published Feb 29, 2024 The swift rise in Bank of Canada interest rates over the past two years has forced millions of potential homebuyers to the sidelines. A...

Steve Huebl·Mortgage Industry News·February 26, 2024 The British Columbia government today unveiled additional details of its proposed house flipping tax that was first introduced in last week’s budget. The government said it plans to introduce the legislation in the spring. If passed, the new tax will take...

by Neil Sharma on 01 Nov 2022 Thinking about investing in Canadian real estate? Thanks to new municipal legislation, property investors are setting their sights on the residential market in Kelowna, British Columbia. A new piece of proposed legislation will permit the halving of existing duplex homes...

Zumper’s annual report ranked Kelowna as the fourth most expensive city in Canada JACQUELINE GELINEAU The price of rent in Kelowna has increased more than any other major city in Canada this year. “Kelowna remains a highly desirable place to live with a strong demand for housing, and...

By Doyle Potenteau Global News Housing starts in the Central Okanagan are down from one year ago, even though the region’s population grew slightly and local businesses are clambering more than ever to find employees. That’s according to data published this week by the Central Okanagan...

By Kathy Michaels Global News Okanagan realtors are seeing signs that the market is becoming “healthier” in the wake of the Bank of Canada’s interest rate hike. According to the Association of Interior Realtors, a total of 1,708 residential unit sales were recorded across the Shuswap...

Taxation on buyers now being trumped by emphasis on increasing supply of new homes By Peter Mitham | April 25, 2022 Developers should expect stronger moves by senior levels of government to set housing targets for municipalities, now that housing supply – not speculation – is seen...