Five Forces Driving BC Real Estate Prices
Posted on Sep 11, 2024
Image from Mortgage Sandbox Advisor. - See link on image for full article and source.
A recent article by Mortgagesandbox outlines five key forces influencing British Columbia's real estate market: population growth, housing supply, government policy, economic conditions, and foreign investment. Population growth, especially in urban areas, drives d...
Sunshine Coast Market Update - August 2024
Posted on Sep 11, 2024
In spite of increased buyer activity both online and in person, any substantial increase in sales failed to materialize this August.
Buyers showed lack of motivation to move on listings and for the most part, offers were made well below the list price. There were 53 sales across the Coast in August, only 1 more sale made than the same time last yea...
Buyers showed lack of motivation to move on listings and for the most part, offers were made well below the list price. There were 53 sales across the Coast in August, only 1 more sale made than the same time last yea...
Sechelt: A Prime Waterfront Investment, Free from the Foreign Buyers’ Ban
Posted on Aug 26, 2024
Check out the latest spotlight on eight stunning Canadian waterfronts that are exempt from the foreign buyers’ ban. Notably, Sechelt on British Columbia’s Sunshine Coast is highlighted as an ideal blend of natural beauty and investment potential. Explore why this serene location, with its coastal charm and vibrant community, stands out for both vis...
July Real Estate Market ReCap
Posted on Aug 07, 2024
Sales up over last July, but listings continue to outstrip demand.
After several months of declining sales, the two interest rate reductions, from June 5 and July 24 seem to have given some energy back into the real estate market on the Sunshine Coast.
July had an overall increase of sales with 60 properties sold this past July, up from 55 propertie...
July had an overall increase of sales with 60 properties sold this past July, up from 55 propertie...
Government Reacts - Tenancy Act Pushback affects changes but is it enough?
Posted on Aug 07, 2024
In our July Newsletter, we highlighted the changes to the BC Tenancy Act and their potential impacts to landlords and purchasers of tenanted properties. Read our article hereSome of the changes, we identified to have a high potential to detrimentally impact the ability to sell and purchase tenanted properties . Realtors, mortgage brokers and other...
Sechelt Adopts New Density Zoning ByLaws
Posted on Jul 12, 2024
Following the lead of the provincial government's new legislationaimed at increasing the availability of small-scale, multi-unit housing, the Disitrict of Sechelt has implimented changes to the R2, R3, R4, and R6 zoning rules to make it easier to build Small - Scale Mulit-Unit Housing (SSMUH) on the lots that are serviced by community water and san...