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New property listed in Riverwood, Port Coquitlam

We have listed a new property at 117 550 SEABORNE PL in Port Coquitlam. See details here

FREMONT GREEN located in the desirable community of PoCo! This ground floor unit includes 1 Bed/1 Bath + Den with your private entrance, yard, and patio. The 10' ceilings make this unit feel like a townhome. Revel in quality finishes with quartz countertops, laminate flooring, and custom built-in shelving. BONUS: In-floor radiant heating is included in strata fees, with additional storage located off the patio. Embrace the family-oriented Fremont Village amenities: Clubhouse, outdoor pool, weight room, basketball court, child's playroom, bike, and dog wash areas. Amazing location for transit in front of the building, Walmart, Costco, all 5 min walk, and 7 min drive to #1 Highway via Mary Hill Bypass.

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We have sold a property at 6 20246 81 AVE in Langley

We have sold a property at 6 20246 81 AVE in Langley. See details here

GST has been paid!! Welcome to PARALLEL, where modern living meets timeless elegance. This newly built UNIT with side by side garage and additional DRIVEWAY is your ticket to an exclusive community in the heart of sought-after Willoughby. Crafted by the award-winning Group, these 38 townhome offer contemporary interiors and warm exteriors. Embrace the convenience of Air Conditioning, On-Demand tankless Hot Water, Gas appliances, and more. Your wish list? Already fulfilled. Don't miss this chance to experience a higher standard of living

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Open House. Open House on Saturday, March 2, 2024 2:00PM - 4:00PM

Please visit our Open House at 117 550 SEABORNE PL in Port Coquitlam. See details here

Open House on Saturday, March 2, 2024 2:00PM - 4:00PM

FREMONT GREEN located in the desirable community of PoCo! This ground floor unit includes 1 Bed/1 Bath + Den with your private entrance, yard, and patio. The 10' ceilings make this unit feel like a townhome. Revel in quality finishes with quartz countertops, laminate flooring, and custom built-in shelving. BONUS: In-floor radiant heating is included in strata fees, with additional storage located off the patio. Embrace the family-oriented Fremont Village amenities: Clubhouse, outdoor pool, weight room, basketball court, child's playroom, bike, and dog wash areas. Amazing location for transit in front of the building, Walmart, Costco, all 5 min walk, and 7 min drive to #1 Highway via Mary Hill Bypass.

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Open House. Open House on Sunday, March 3, 2024 2:00PM - 4:00PM

Please visit our Open House at 117 550 SEABORNE PL in Port Coquitlam. See details here

Open House on Sunday, March 3, 2024 2:00PM - 4:00PM

FREMONT GREEN located in the desirable community of PoCo! This ground floor unit includes 1 Bed/1 Bath + Den with your private entrance, yard, and patio. The 10' ceilings make this unit feel like a townhome. Revel in quality finishes with quartz countertops, laminate flooring, and custom built-in shelving. BONUS: In-floor radiant heating is included in strata fees, with additional storage located off the patio. Embrace the family-oriented Fremont Village amenities: Clubhouse, outdoor pool, weight room, basketball court, child's playroom, bike, and dog wash areas. Amazing location for transit in front of the building, Walmart, Costco, all 5 min walk, and 7 min drive to #1 Highway via Mary Hill Bypass.

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Open House. Open House on Saturday, March 2, 2024 2:00PM - 4:00PM

Please visit our Open House at 50 46213 HAK'WELES RD in Chilliwack. See details here

Open House on Saturday, March 2, 2024 2:00PM - 4:00PM

This upgraded 3,525 sq. ft. rancher with basement features 3 bedrooms, nestled in a private, western location on a 5,888 sq. ft. fenced lot. Main floor boasts high-end flooring, trayed great rm ceilings with crown mouldings, chef's kitchen w/quartz counters, smudge-proof SS appliances, gas range, custom backsplash,& WI pantry. The primary bedroom includes a spa-inspired 5 piece ensuite w/soaker tub. The fully finished basement offers a spacious rec rm, wet bar, added sound insulation, guest bedroom, full bathroom, gym area, & generous storage. Enjoy outdoor living with the covered deck & power shades on the back patio. This fully-loaded home features A/C, built-in speakers, & triple garage with EV setup. Additional perks incl sauna, leaf guard gutters, inground sprinklers & permanent exterior lighting.

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Open House. Open House on Sunday, March 3, 2024 2:00PM - 4:00PM

Please visit our Open House at 50 46213 HAK'WELES RD in Chilliwack. See details here

Open House on Sunday, March 3, 2024 2:00PM - 4:00PM

This upgraded 3,525 sq. ft. rancher with basement features 3 bedrooms, nestled in a private, western location on a 5,888 sq. ft. fenced lot. Main floor boasts high-end flooring, trayed great rm ceilings with crown mouldings, chef's kitchen w/quartz counters, smudge-proof SS appliances, gas range, custom backsplash,& WI pantry. The primary bedroom includes a spa-inspired 5 piece ensuite w/soaker tub. The fully finished basement offers a spacious rec rm, wet bar, added sound insulation, guest bedroom, full bathroom, gym area, & generous storage. Enjoy outdoor living with the covered deck & power shades on the back patio. This fully-loaded home features A/C, built-in speakers, & triple garage with EV setup. Additional perks incl sauna, leaf guard gutters, inground sprinklers & permanent exterior lighting.

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Here are the latest measures outlined in the 2024 budget by the BC Government that directly impact the mortgage industry and housing market in British Columbia.

Property Transfer Tax Exemptions: The 2024 budget introduces several changes to the Property Transfer Tax exemptions:

1. First-Time Homebuyers’ Program: The threshold for this program has been increased to reflect current market conditions. Qualifying first-time buyers can now benefit from a complete exemption on the first $500,000 of homes valued up to $835,000, potentially saving up to $8,000. According to the BC Government, this expansion is expected to make approximately 14,500 more individuals eligible for support in purchasing their first homes.

2. Newly Built Homes: Buyers of newly built homes valued up to $1.1 million will also see reduced costs through a newly implemented exemption. 

3. Purpose-Built Rental Buildings: Eligible purpose-built rental buildings with four or more units will receive a property transfer tax exemption until 2030.
The BC Government estimates that adjustments to property transfer tax exemptions will save individuals approximately $100 million per year.

BC Home Flipping Tax: Starting from January 1, 2025, the BC Government is introducing the BC Home Flipping Tax as part of the Homes for People plan. This tax aims to deter speculators from inflating property prices by taxing profits made from selling residential properties within two years of purchase. There will be specific exemptions for life circumstances such as divorce, death, illness, and relocation for work. Revenue generated from this tax will be allocated towards building affordable housing across the province.

BC Builds: Budget 2024 allocates $198 million in new funding for BC Builds, a program that supports the development of new housing suitable for middle-income individuals and families. BC Builds utilizes government-owned and underused land, as well as lower borrowing rates, to offer low-cost financing for construction projects. By streamlining the development process and working closely with various stakeholders, BC Builds aims to deliver affordable housing within 12 to 18 months, significantly shorter than the current average timeframe of three to five years. These new units will be income-tested, ensuring that they remain affordable for middle-income earners, thereby addressing the housing needs of BC communities.

Our ongoing efforts: Our Government Relations Committee is actively reviewing these measures and continues to collaborate with industry partners to advise on housing policy that meaningfully supports homeownership and housing affordability in BC.

READ BC BUDGET 2024 - HOUSING MEASURES - https://strongerbc.gov.bc.ca/housing/ 

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New property listed in Brentwood Park, Burnaby North

We have listed a new property at 707 4182 DAWSON ST in Burnaby. See details here

Tandem III - Quality throughout! Spacious open 634 sq. ft. plan with a generous kitchen featuring deluxe granite counters. Whirlpool stainless steel appliances eating area & breakfast bar. Dark hardwood floors, electric fireplace, quality fixtures & finishings. Plus a handy computer workstation with drawers and a bright sunny balcony with North Shore Mountain view. The very best amenities include a hot tub, sauna, steam room, fitness center, party room, and 3rd-floor garden terrace for larger gatherings. Great retail shops at your doorstep including Starbucks, Save-on Food, and Brentwood Mall. Pet and rental friendly.

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New property listed in Sardis East Vedder, Sardis

We have listed a new property at 50 46213 HAK'WELES RD in Chilliwack. See details here

This upgraded 3,525 sq. ft. rancher with basement features 3 bedrooms, nestled in a private, western location on a 5,888 sq. ft. fenced lot. Main floor boasts high-end flooring, trayed great rm ceilings with crown mouldings, chef's kitchen w/quartz counters, smudge-proof SS appliances, gas range, custom backsplash,& WI pantry. The primary bedroom includes a spa-inspired 5 piece ensuite w/soaker tub. The fully finished basement offers a spacious rec rm, wet bar, added sound insulation, guest bedroom, full bathroom, gym area, & generous storage. Enjoy outdoor living with the covered deck & power shades on the back patio. This fully-loaded home features A/C, built-in speakers, & triple garage with EV setup. Additional perks incl sauna, leaf guard gutters, inground sprinklers & permanent exterior lighting.

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We have sold a property at 317 5516 198 ST in Langley

We have sold a property at 317 5516 198 ST in Langley. See details here

Welcome to Madison Villas in Langley. This 619 sq ft, 1 bed + Den condo features a spacious kitchen with granite counters and stainless steel appliances. Updates include FRESHLY painted walls, NEW wide plank laminate flooring, NEW carpets, and in-suite laundry. The Den could be used as an office or nursery. The open layout is perfect for entertaining. Enjoy your morning coffee and soak up the sun on the West facing patio. Plenty of storage, including a locker, and 1 underground parking stall. Close to transit and shopping. Don’t miss this opportunity

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New housing legislation to look out for in 2024

With a new year now underway, Canadians can expect to see a variety of changes coming to federal, provincial and local government housing legislation in 2024. 

From updated taxes to revised urban planning regulations, new housing laws and policies will roll out across the country in the coming months. Several of these policies promise to boost much-needed housing supply, which remains at a critical shortage in both the resale and rental segments.  

Here are the new housing policies that you should know about in 2024. 


Federal Policies

Short-term Rental Restrictions

In November, 2023, the Government of Canada unveiled its 2023 Fall Economic Statement, which details new tax, spending and inventory-boosting measures. This includes new efforts to incentivise short-term rental operators to return properties to the long-term housing market. Going forward, income tax deductions will be denied in cases where short-term rental owners are not compliant with provincial or municipal licensing, permitting or registration requirements. This applies to all expenses incurred on or after January 1st, 2024.

You can read more details from the 2023 Fall Economic Statement here

Pre-approved Home Design Catalogue

To boost construction of new home supply, the federal government intends to revive a post-Second World War housing policy of standardized, pre-approved home designs, making it easier and faster for developers to build new properties. The modern version of the catalogue will focus on creating blueprints for a variety of low-rise housing, and potentially higher-density homes and different forms of building construction, such as modular and prefabricated homes. 

Consultations for the home catalogue are expected to start in January, 2024.


British Columbia 

New Short-term Rental Housing By-laws

In late 2023, the provincial government introduced the Short-Term Rental Accommodations Act which imposes stricter regulations and enforcement on short-term rental housing. As of May 1st, 2024, the Act will require short-term rental hosts to display a valid business licence number on their listing in regions where a licence is required by the local government. Short-term rentals will be limited to the host’s principal residence, plus one secondary suite or accessory dwelling unit, in select communities. 

Additionally, protections for ‘non-conforming use of property’ will no longer apply to short-term rentals. Later in the year, the British Columbia government will implement a short-term rental registry, and require rental platforms to share data with the Province. 

Expanded Speculation and Vacancy Tax

The province has expanded its existing speculation and vacancy tax laws to 13 new communities, including Penticton, Courtenay and Kamloops. Homeowners in applicable regions will be required to declare how they used their property in 2024 for the first time in January, 2025. 

Introduced in 2018, the speculation and vacancy tax is 2% for individuals who don’t pay the majority of their taxes in Canada, or 0.5% for Canadian citizens or permanent residents who pay the majority of their taxes in the country. 

Updated Zoning Rules

New zoning laws are under consideration to deliver more small-scale, multi-unit housing across British Columbia. Under the proposed legislation, one secondary suite or one laneway home will be permitted in all communities throughout the province. In most areas within municipalities of more than 5,000 people, by-laws will also be adapted to allow three to four units on lots currently zoned exclusively for single-family or duplex residential, and permit six units on larger lots close to transit stops with frequent service.

Additionally, the new zoning rules would require municipalities to update community plans and zoning by-laws on a regular basis to ensure that there is enough housing for current and future residents. Changes to zoning by-laws will roll out across 2024. 

*https://blog.royallepage.ca/new-housing-legislation-to-look-out-for-in-2024/

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We have sold a property at 4013 204A ST in LANGLEY

We have sold a property at 4013 204A ST in LANGLEY. See details here

Elegant 2,813 sqft custom built rancher w/loft in the heart of Brookswood, situated on a huge 13,565 sqft lot! Step through the front doors into a grand entrance w/ 19'5 ceilings leading to open concept kitchen/ family rm/ dinning rm. Gourmet kitchen boasts double ovens, commercial fridge, pantry and huge island, a chefs dream. Eng. hrd and tile throughout entire home. Freshly painted interior. Spacious master bedroom on main with W/I closet and spa-like 5pcs ensuite. Large loft upstairs. Stunning backyard with huge covered entertaining area w/ gas f/p, gas bbq hook up ideal for entertaining. Low maint. garden beds, fruit trees and complete privacy, yard has irrigation system, heated 264sqft shop/bathroom. RV parking/ driveway to shop. Close to schools and bus.

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