In this video, I provide a comprehensive market update, discussing the current conditions and trends in the real estate market. I cover key metrics such as the number of listings sold, total active listings, benchmark home prices, and inventory levels. I also highlight opportunities for both buyers and sellers, including new inventory, stable interest rates, and a first-time homebuyer property transfer tax exemption. Additionally, I emphasize the importance of having a strategic approach and working with an expert when buying or selling a property to ensure a seamless transaction and maximize value.

As always, if you want to talk all things real estate you now where to find me!

Lisa Davies, your Island Realtor 🏝️

'the art of home, thoughtfully delivered'

We discuss the implications of the anti-flipping tax in British Columbia, Canada. If you purchase a property and plan to flip it within 730 days, you may be subject to a 20% tax on your profits. However, if you hold the property for more than 730 days, you can avoid this tax. We also cover the potential tax deductions available if the property is your primary residence, but note that you must live in it for at least 365 days to be eligible. Overall, we provide guidance on how to maximize your financial outcomes when making real estate purchases.

As always, if you want to talk all things real estate you now where to find me!

Lisa Davies, your Island Realtor 🏝️

'the art of home, thoughtfully delivered'