Another year is almost over, the snow has started, Christmas is just around the corner, and its time for some cozy family time and not to mention way too much food and egg nog!
Below you will find some information (links) about some new real estate regulations that are coming in the New Year.
The one about foriegn buyers is quite important.
I wish you all a great Christmas and an even better new year!
The Canada wide foreign buyer ban is about to happen in January, currently it is only planned for a 2 year period, read all the detail in the link.
The BC government has made some changes to strata rental regulations, the aim is to free up more strata properties to everybody. Read all the details below.
A new regulation to help buyers, the “Home Buyer Rescission Period” gives buyers the right to withdraw from a purchase agreement within a specified period, which is currently set to 3 days.
Latest market stats from the Vicoria Real Estate Board