The Home Flipping Tax and What it Means For You
The Home Flipping Tax and What it Means For You 6 May 2024 The new B.C. home flipping tax takes effect January 1, 2025. Are you confused about what the tax means and how to advise your clients? We can help. The most important thing to know is that you will need to inform your […]
Irrevocable Direction Regarding Presentation of Offers
Irrevocable Direction Regarding Presentation of Offers (IDRPO) The “Irrevocable Direction Regarding Presentation of Offers” (IDRPO) form came into effect on October 17, 2022. It replaces the former DRPO. There are two default rules, which are outlined below. An IDRPO is only required if a seller wishes to depart from one or both of the […]
New Statuses for Realtor.ca and Paragon: Pending and Closed
New Statuses for Realtor.ca and Paragon: Pending and Close The introduction of three new Status values in Paragon®, will clarify the true status of a listing for members as well as buyers and sellers. The new statuses will help with your day-to-day home search and give you a better sense of where a sale is within the lifecycle of a transaction. […]
Home Buyers Remain Cautious Amid Increasing Spring Listings
Home Buyers Remain Cautious Amid Increasing Spring Listings Ottawa, ON May 15, 2024 – Canadian home sales dipped in April 2024 when compared to March, even as the number of properties available for sale rose to kick off the spring market. Home sales activity recorded over Canadian MLS® Systems fell 1.7% between March and April 2024, […]
Exploring the Upward Trend: Cloverdale Condo Market Conditions
Exploring the Upward Trend: Cloverdale Condo Market The condo market in Cloverdale is buzzing with activity, as recent statistics reveal an upward trend in prices and listings. Let’s delve into the numbers and gain insight into the current state of the market. Price Trends The market stats paint a picture of prosperity, with both average […]
Fraser Valley April 2024 Monthly Statistics
Modest increase in April home sales in the Fraser Valley takes lead from cooler spring weather SURREY, BC – Supply of available homes in the Fraser Valley market continued to build last month, however buyers remained relatively hesitant, leading to a cooler resale market in April. The Fraser Valley Real Estate Board recorded 1,471 transactions […]
Hypothetical Real Estate Class
Hypothetical Real Estate Class I recently completed a curriculum development class through VCC, which is one of the three classes required for a Train the Trainer Certificate. I’m taking these classes during my semester breaks from Carleton’s MBA program. The class required me to design a course outline, learning objectives, and a lesson plan. As […]
Unpicking the 2024 Federal Budget
Unpicking the 2024 Federal Budget The federal budget was announced on April 16th and there’s a lot in it that’s highly relevant to the real estate industry. Help with the cost of living is the budget’s primary focus, but nobody should be surprised there. Housing prices across the country have skyrocketed over the past few […]
The Impact of Short-Term Rental Changes on the Overall Housing Market
The Impact of Short-Term Rental Changes on the Overall Housing Market The impact of short-term rental changes on the overall housing market is a complex issue influenced by various factors, ranging from government policies to market behaviors. Recent regulatory adjustments targeting short-term rental activities have stirred significant interest and concern among stakeholders, particularly in the […]
The Adventure of the Truth
The Adventure of Truth Someone very wise recently told me that there are no new ideas to be had in this world. So today, I’ll ponder one of the oldest ideas known to humanity: truthfulness. For millennia, humans have waxed poetically about the essence of truth. It’s exhilarating to witness the evolution of such a […]
