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AI Adoption: Real Estate firms are embracing AI for faster decisions and data-driven insights.Operational Real Estate: Investments in properties like hospitals benefit from steady demand.

Housing Rebound: BC housing starts climb, led by strong multi-family growth. Condo Boom: Multi-family starts surge, offsetting decline in single-family construction.

B.C. Budget 2024 prioritizes spending, affordability, and housing, tackling a $7.9 billion deficit. Housing initiatives, backed by $2 billion federal funding, include BC Builds and a flipping tax.

British Columbia's government is leading a new public development project on Vancouver Island to create affordable housing near transit. The province purchased land for the Uptown development in Saanich, planning to build hundreds of homes, retail spaces, and amenities like child care. The government aims to ensure that people who rely on transit can live…

Canada is implementing a $1.5-billion Rental Protection Fund, inspired by B.C.'s model. The fund aims to preserve affordable housing and increase rental stock. B.C.'s CEO of the fund is pleased with the federal initiative and hopes for collaboration between provinces. Manitoba is also contributing $30 million to acquire housing stock. Continue to full article

Home prices vary across Southern Interior, with Central Okanagan being the most expensive and South Okanagan offering more affordable options.Shuswap / Revelstoke Single-family home: $696K Townhome: $532K Condo/apartment: $423K

Increase for high earners: After June 25, 2024, capital gains tax increases for profits exceeding $250,000.The $250,000 threshold applies to individuals, including gains through partnerships or trusts.