July 2025

Is real estate market gradually turning around?

Posted on Jul 24, 2025

Recently released statistics offer an encouraging yet modest look at the real estate market in British Columbia. Because of the time it takes to collect and assess the data, “recently” sometimes refers to the month of May.
According to the British Columbia Real Estate Association, sales were down by just 0.4 per cent in May compared to April but up...

Read More

GST relief — now The Elevator Home's even more attractive

Posted on Jul 14, 2025


The new federal policy that means first-time homeowners won’t have to pay GST when buying their new homes makes The Elevator Home an ideal candidate.
Because it is a new, never-been-lived-in home, because its price is less than $1.5 million, the final home at The Ross Residences, and because the Federal Government’s policy is in effect, the price of...

Read More

Next interest-rate announcements coming this month

Posted on Jul 13, 2025

Both the Bank of Canada and, in the United States, the Federal Reserve have interest-rate announcements scheduled for July 30. The widespread speculation is that interest rates in both countries will…well, who really knows?
Given that the latest rates for tariffs are supposed to go into effect 48 hours later, it’s logical that the movement (or non-m...

Read More