New Exemptions to the Foreign Buyers Ban
Posted on Mar 31, 2023 in Regulatory Changes
On January 1st, 2023 the Canadian Federal Government Introduced a two year ban on foreign buyers. This ban was currently set to expire on January 1, 2025, has been extended to January 1, 2027. While this ban doesn’t directly impact Whistler and Pemberton due to its population - Squamish and areas with higher populations like Vancouver are impacted...
January 2023 Wrap Up
Posted on Jan 31, 2023 in Regulatory Changes
2022 was a wild ride. From the Bank of Canada raising their policy interest rate from 0.25% in March to 4.25% in December and sweeping regulatory changes across the sector here's a summary of the most notable real estate stories of 2022.
The Government introduced an anti-flipping tax, the Home Buyers Rescission Period and a foreign buyers ban as wel...