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Bank of Canada Holds RateJan 25, 2024
The Bank of Canada is maintaining its policy rate steady at five per cent due to stagnant economic growth, which is expected to persist through the first quarter of 2024. This decision is part of a policy of quantitative tightening. The bank attri
2024 Tax Assessments are out - here's what the stats tell usJan 19, 2024
2024 property assessments for residential properties in British Columbia are out. Here are the key points: Stabilization of Residential Property Values: The value of residential properties in British Columb
High Interest Rates Continues to Chill Local Residential Real Estate Markets Jan 4, 2024
from the Association of Interior Realtors KELOWNA, B.C. – January 4th, 2024. Residential real estate market sales activity for December cooled as high int
Local Residential Real Estate Market Slowing Down Ahead of HolidaysDec 13, 2023
KELOWNA, B.C. – December 6th, 2023 | From the Association of Interior Realtors Residential real estate market sales activity hit its seasonal slowdown ahead of
Mortgage Rate UpdateDec 6, 2023
The Bank of Canada has opted to uphold its benchmark interest rate at 5.0%, maintaining a consistent stance for the third consecutive time. Despite a cautious tone in their press release, three successive rate holds signal positive stability.
Housing Measures Announced in 2023 Fall Economic StatementNov 30, 2023
from the Canadian Real Estate Association The Canadian Real Estate Association (CREA) is encouraged by the unprecedented emphasis on housing in the
Speculation Tax ExpandingNov 23, 2023
The province announced on Wednesday that several new communities will soon come under the scrutiny of the speculation and vacancy tax, expanding the existing list of 46 municipalities, including those in the Metro Vancouver and Capital regional di
Local Residential Real Estate Market Dampened by Interest RatesNov 6, 2023
from the Association of Interior Realtors KELOWNA, B.C. – November 3rd, 2023. Residential real estate market sales are below average for October as high interest rates continu
Sweet - Income Suite rebateNov 2, 2023
from BC Housing Did you know you can receive up to 50% of the cost of renovations from an upcoming new program called the Secondary Suite Incentive Program? Applications will be ac
Changes to Rules Governing Short-Term Rentals Oct 17, 2023
Yesterday the provincial government announced changes to the legislation governing