B.C. to Introduce New Real Estate Rules in 2018

New rules stated by the Provincial Government will decrease shady deals in real estate moving forward. Restricting `Dual Agency,` where one agent represents both seller and buyer in a single transaction. An additional change in regulation is the requirement for transparency regarding entitled compensations.

Read more from CBC

Recreational Property Price and Sales Volume Increases

According to the 2017 Royal LePage Canadian Recreational Housing Report released this year, the majority of recreational property markets across Canada have seen year-over-year price and sales volume increases, although in a number of regions, trends differ markedly.

While recreational property trends remain mixed in the majority of oil-producing provinces, high-priced competitive environments have intensified in British Columbia and Ontario’s recreational segment, with characteristics stemming from Greater Vancouver and the Greater Toronto Area emanating into the provinces’ recreational markets.

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Campbell River’s Low Vacancy Rate

Campbell River Rental Housing Market

Campbell River ranks as one of the hardest cities to find rental housing in the province.

A recent study on Rental Housing was released by the Canada Mortgage and Housing Corporation. With the apartment vacancy rate at .6 % and prices on the rise, house and townhouse rental seekers are being hit even harder.

Read More from the Campbell River Mirror

Royal LePage Is The Voice Of Canadian Real Estate

Since 1913, Canadians have turned to Royal LePage to keep them informed about the latest Real Estate market news.

That’s why we’ve become the single most-quoted Real Estate company in the country and a trusted source of information and advice. From Real Estate pricing trends to innovative ways to market your property, we deliver timely news and valuable information to help you make smart Real Estate decisions.