Tri-Cities Market Update January 13, 2025
Posted on Jan 13, 2025
This past week we saw a huge uptick in the number of homes listed.Here in Port Moody, there were 24 new listings 6 sales and and 15 price adjustment. Some townhomes shown as sold are presale units that were bought in 2022. In Coquitlam there were 11 new listings, 63 sold properties and 18 price adjustments.Read the entire report for the past past s...
December 2024 GVR Residential Market Report
Posted on Jan 08, 2025
Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024.The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase fro...
2025 British Columbia Rental increase decreases
Posted on Jan 03, 2025
The BC Government has set the rental increase limit for 2025 to 3%. This is down 0.5% from the previous years 3.5%.
How Often Can a Landlord Raise the Rent
A Landlord can only increase rent if it has been 12 months since:- Rent was set at the beginning of the tenancy or
- Rent was last legally increase during an existing tenancy.Historical increases do no...