Our goal is to communicate the real estate process every step of the way to ensure our clients have all of the pertinent information to make the best decision for them! If you’re looking to buy or sell, our in-depth knowledge of the market will help you navigate the current market!
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IMPORTANT POLICY CHANGES IN 2023
Prohibition on the Purchase of Residential Property by Non-Canadians Act (Foreign Buyer Ban)
Beginning January 1, 2023, non-Canadians will be banned from buying residential property across Canada for two years. Although the federal government has still not released supporting regulations at this point, the Canadian Real Estate Association and BCREA will notify REALTORS® as soon as any guidance is released.
Home Buyer Rescission Period
The HBRP is coming into force on January 3, 2023. This provincial policy gives buyers the right to withdraw from a purchase agreement within three business days of an offer being accepted.
BCREA has created two HBRP calculators to support REALTORS® when calculating the rescission amount and time period during which a buyer may exercise their right of rescission. To access the calculators, click here.
To enhance your understanding of the new legislation and its practical implications, we encourage REALTORS® to take BCREA’s course The Home Buyer Rescission Period: What REALTORS® Need To Know.
Federal Housing Tax Changes
Multigenerational Home Renovation Tax Credit – On January 1, 2023, the Multigenerational Home Renovation tax credit will come into effect. This tax credit will cover eligible homeowners up to 15 per cent (to a maximum of $7,500) for creating a secondary unit in their home to accommodate a senior or adult with a disability.
Residential Property Flipping Rule – Beginning January 1, 2023, individuals who sell their residence within 12 months of acquiring it will be taxed as business income and be ineligible for either the 50 per cent capital gains rate or the principal residence exemption. There are exemptions for “life events” such as a divorce or death.
THE BEST PLACES TO GO SNOWSHOEING NEAR VANCOUVER
When it comes to recreational winter activitis, snowshoeing is a relatively easy way to get out and enjoy a breath of crisp, cold, fresh air, without breaking the bank.
Luckily, Vancouver is blessed with a multitude of options for getting out and trying the sport for yourself.
So whether you’re a seasoned snowshoe pro, or just getting into the sport, here are our picks of the best snowshoe destinations around Metro Vancouver.
Mt. Seymour has a number of small, but connected, snowshoe trails available on the mountain. Individually, none of them exceeds a kilometre, but they can be combined for a longer snowshoe expedition if wanted. All the trails combined are just over 5 km long.
There are a number of snowshoeing trails located up on Grouse Mountain, each with varying difficulties. They are all located within the Munday Alpine Snowshoe Park, and the four main trails are anywhere from 1-1.6 km long.
There is over 11 km worth of various self-guided snowshoe trails up on Cypress Mountain. The high number of connecting trails is great for those who aren’t sure how long of a trek they’re wishing for, as you’re never too far away from the main trail if you decide to pack it in early.
Dog Mountain is a moderately difficult snowshoe trail that starts by the Mt. Seymour Resort parking lot. The roundtrip of 4.4 km takes between one and two hours to complete and features a breathtaking view of the summit halfway through.
Sea to Sky Gondola
Sea to Sky Gondola has some of the deepest snow in North America and offers a wide variety of terrain. So experienced snowshoers and first-timers will discover a huge range of options ranging from short to long, steep or flat.
Snowshoeing in Whistler
Whistler offers a variety of snowshoeing options for the outdoor enthusiast this winter. You can sign-up for a guided tour, explore Lost Lake Park and Ski Callaghan’s network of snowshoe-specific trails, or trek on Whistler’s network of hiking trails with your own snowshoes. Some are even dog-friendly!
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