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Canadian consumer price inflation dropped from 3.4% in December to 2.9% in January, opening the door to a Bank of Canada interest rate cut in the coming months.

BC's provincial government has announced that as of January 1, 2025, a 20% levy (the so-called "flipping tax") will be applied to the increase in the value of homes that are sold within 2 years of having been purchased (with exceptions).

The yield on 5-year government of Canada bonds (which strongly influence 5-year fixed mortgage rates) currently sits at 3.61%, down from a recent local peak of 3.80%.

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What’s in store for 2024?
2024-02-23 • Episode 60



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The Vancouver Region experienced declines in both home sales and listings last year as high interest rates weighed on housing market activity.

Ryan Berlin

Senior Economist and VP of Intelligence

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What’s in store for 2024?

February 2024 • Episode 60

all or nothing

January 2024 • Episode 59

thoughtful real estate.

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Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.

Disclaimer: This is not an offering for sale. Any such offering can only be made by way of disclosure statement. E&OE. The developer reserves the right to make changes and modifications to the information herein without prior notice. Photos and renderings are representational only and may not be accurate.