📈 NDP roll out secondary suite program, but critics challenge how effective it will be🏠
Andy Schildhorn • May 20, 2024
B.C.'s NDP government launched its latest measure to address the housing affordability crisis Thursday: a secondary suite program that gives homeowners up to $40,000 in forgivable loans to build a suite or laneway home on their primary property, if they agree to rent it out at below market rates for five years. Read more here
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
The Township of Langley Traffic Cameras for up-to-date traffic information. Click here
The economics of building new homes in Canada are now "simply broken," sparking a macroeconomic drag that CIBC economists warn is just beginning to take hold. 👉 Details Here
