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BC HOUSING FORECAST FOR 2022

After a strong two years of price appreciation, Canadian home prices are said to increase significantly in 2022. While it’s not as intense as previous years, a new forecast is showing that Canada’s average home price is set to rise over 10% in 2022.  An increase in prices accompanied an increase in sales. CREA’s house price index reported a year-over-year increase of 25.3 per cent in...

BC`s GOVERNMENT TO INTRODUCE “COOLING OFF PERIOD” FOR RESIDENTIAL REAL ESTATE

The BC Government recently announced its intent to introduce legislation in Spring 2022 that will mandate a cooling off period for buyers of all residential real estate. A cooling off period gives buyers the right to withdraw from a purchase agreement within a specified time period after an offer has been accepted. Until now, BC's residential real estate had been functioning without a cooling off...

SURREY CENTRAL TO BECOME SURREYS NEW DOWNTOWN HUB

If you have been to Surrey Central or driven past it lately, you probably had to take a second look, and make sure you weren’t seeing things. It is noticeably changing! Some are shocked to see the already drastic changes that have come into the city with many new high rises, mid-rises, and commercial buildings under construction and soon to be completed.With efforts to become Surrey's new ‘Downtown’...

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