Home improvement scams became the #1 riskiest scam type reported in Canada in 2022, according to a new report from the Better Business Bureau. Reports of home improvement scams by Canadians increased 51.2% in 2022, up from 4.1% of reports to 6.2% in 2022. People also lost more money to this scam type, with a median dollar loss of $1,900, up 187.4% from $661 in 2021.
House prices in the Fraser Valley posted a slight but positive bump in February after nearly a year of month-over-month decreases. Similarly, sales, though still trending lower than normal, also recorded their first monthly gain since October.
Homebuyers in B.C. now have better protection in the real estate market as the homebuyer protection period takes effect on Tuesday, Jan. 3, 2023.
The Home Owner Grant will continue to cover 92% of residential properties in B.C. with the threshold set at $2.125 million for 2023.
The British Columbia Institute of Technology (BCIT), in collaboration with BC Housing, is pleased to announce that Dr. Fitsum Tariku has been appointed Research Chair in Advanced Building Technology.
The Downtown Surrey Business Improvement Association (DSBIA) will host the Vision to Reality: The building of Downtown Surrey panel discussion tomorrow, featuring community business leaders at the forefront of the city’s long-term economic development plans.
People looking to get a mortgage in B.C. will soon have enhanced consumer protection under new legislation for mortgage service providers.
PCI Developments is hosting a free community celebration at Surrey’s first comprehensive transit-oriented community, King George Hub, which will be home to more than 4,000 residents and over 2,700 jobs.
The BM Group of Companies is pleased to announce its acquisition of Sanderson Concrete Inc., an exciting addition to its already robust portfolio of construction, project management, material supply, and land development companies.
Overall sales in the Fraser Valley fell for the third straight month as prices for all property types continued to soften, bringing greater balance to the region’s real estate market.
With out-of-control bidding wars and no-condition offers putting people at risk, the BC New Democrat government’s plan for homebuyer protection, sometimes referred to as a cooling-off period, will give people peace of mind in the overheated housing market.
Buyers of Fraser Valley real estate had significantly more inventory to choose from last month due to a record-breaking volume of new listings received for the month of February.
“Vernon, British Columbia, can be thinking big and building boldly when it comes to its venues and experiences,” says Ian Renton, The Rise General Manager. With an exceptional season of golf behind them, The Rise is breaking ground on their restaurant and event venue, with a tentative grand opening of 2023.
MLA for Abbotsford South Bruce Banman is calling for action to address skyrocketing housing prices in the Fraser Valley, which are 40 per cent higher compared to last year.
