Happy 2025!
Happy New Year! Welcome to 2025!
As we step into a brand-new year, let’s take a moment to reflect on the journey so far and the opportunities ahead. The world is evolving rapidly, bringing with it new challenges and exciting possibilities. From advancements in technology to shifts in how we live and work, 2025 is already shaping up to be a transformative year.
The housing market, like the world around us, continues to adapt. We’re seeing trends that reflect the growing importance of sustainability, smart home technology, and the desire for spaces that truly feel like home. It’s a reminder that our homes are more than just buildings—they’re where we build our lives, share memories, and create our futures.
As we embrace the changes this year brings, let’s focus on staying grounded in our values: community, connection, and growth. Whether it’s finding ways to reduce our environmental footprint, supporting local businesses, or simply spending quality time with loved ones, 2025 offers endless ways to make a positive impact.
Here’s to a year filled with progress, resilience, and hope for a brighter future. Let’s move forward together and make 2025 a year to remember.
Warm regards,
Mike.
5 Easy Home Improvement Projects to Tackle This Winter
As the snow falls and the nights grow longer, many of us find ourselves spending more time indoors. To beat the boredom of winter, take the extra time you may have on your hands as an invitation to refresh and improve your space in ways that make your home feel cozier, more functional, and uniquely yours.
Here are five simple home improvement ideas you can tackle this winter on a budget.
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BC Home Flipping Tax in 2025
Starting January 1, 2025, profits from selling a taxable property in BC are subject to a new tax if the property was purchased less than 730 days before the sale. This rule applies regardless of the seller's location. A taxable property includes residential properties, properties zoned for residential use, and rights to acquire such properties, like pre-construction assignments.
Exceptions include deemed dispositions, mortgages, leases, gifts, or transfers without a change in beneficial ownership. For example, selling a property purchased on May 1, 2023, before June 1, 2025, would trigger the tax, while sales after this period would not. Exempt property locations are excluded.
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