February 2023

Here’s how much house $1 million can buy in Canada’s major real estate markets today

Posted on Feb 23, 2023 in Market Trends

Despite several consecutive hikes in interest rates over the past year, home prices in Canada have remained relatively stable thanks to low inventory. In major housing markets across the country, a $1-million price tag is not uncommon, but the type of property available at this price point can vary from one city to another.
In examining what a budge...

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What you need to know about British Columbia’s cooling-off period

Posted on Feb 08, 2023

The first resale policy of its kind in Canada, homes bought and sold in British Columbia will now be automatically enrolled in a mandatory multi-day rescission period, according to new legislation.
The Homebuyer Protection Period took effect in British Columbia on January 3rd, 2023. Also known as the Homebuyer Rescission Period (HBRP) or cooling-off...

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