The Tri-Cities Chamber of Commerce Business Excellence Awards.Facebook/Tri-Cities Chamber of Commerce   Do you know of a business or businessperson that deserves recognition for their perseverance and dedication? It’s undoubtedly been another trying season for businesses — big, medium or small — in the region with the COVID-19 pandemic, but the Tri-Cities Chamber of Commerce (TCCC) is hoping to honour those […]

B.C.’s maximum allowable rent increase amount for 2022 is being set at 1.5%, based on inflation. This increase cannot take effect prior to Jan. 1, 2022. If landlords choose to increase rent, they must provide a full three months’ notice to tenants using the correct notice of rent increase form. To support British Columbians, the […]

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate. This is reinforced and supplemented by the […]

We are excited to enter the next season with optimism in BC’s Fall Housing Market. However, we’d like to point out 7 things that people should continue to observe as the season changes over.  1. A hot pre-sale market Attractive to young buyers, British Columbia’s pre-sale market is hot and booming. This is perfect for […]

5 Tips to help you save for a down payment!   1. Eliminate high interest debt first Any outstanding credit card bill or high interest rates can impact the time it takes for you to save for a down payment. In addition, every $480 spent on car payments might hold you back from securing the […]

Annual inflation hits 3.7% in Canada—a new election issue. Canadian inflation hits highest reading in two decades. This morning’s Statistics Canada release showed that the July CPI surged to a 3.7% year-over-year pace, well above the 3.1% pace recorded in June. This is now the fourth consecutive month in which inflation is above the 1% […]

Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 3.5% nationally from June to July 2021–the fourth consecutive monthly decline. Over the same period, the number of newly listed properties dropped 8.8%, and the MLS Home Price Index rose 0.6% and was up 22.2% year-over-year. While sales are now down a cumulative […]