The crucial issues facing seniors in the B.C. election
As the British Columbia (B.C.) election on October 19, 2024, approaches, several key issues are emerging that are particularly relevant to seniors. With an aging population, the concerns of older adults are becoming increasingly central to the political discourse. Seniors in B.C. face a variety of challenges, from healthcare access and housing affordability to financial […]
Canadian seniors not downsizing due to lack of options
As the population of seniors in Canada continues to grow, many experts have anticipated that an increasing number of older adults would choose to downsize their homes, moving into smaller, more manageable residences. However, the reality is that many seniors are not downsizing, and a significant factor behind this trend is the lack of suitable […]
The benefits of getting a reverse mortgage
A reverse mortgage can be a valuable financial tool for seniors looking to enhance their retirement income, stay in their homes longer, and manage their financial needs. Unlike traditional mortgages, a reverse mortgage allows homeowners aged 55 and older in Canada (or 62 and older in the United States) to borrow against the equity in […]
Canadian seniors want cheaper housing options
When you’re living on a pension, it’s tough to keep up with inflation. That’s why so many seniors are demanding more affordable housing options, a key factor in upcoming provincial and federal elections. Some government agencies are working on the problem. For example, the Hastings-Sunrise neighbourhood in east Vancouver will soon have 146 new affordable homes for […]
Do you love your B.C. neighbourhood?
Canadians love their neighbourhoods, according to RE/MAX’s 2024 Liveability Report, with the majority (86 per cent) saying they like the quality of life and liveability they offer, and 50 per cent liking it a lot. Cities in Prairie provinces, such as Alberta and Manitoba, overwhelmingly top the list, with some of the most liveable neighbourhoods in Canada. Not surprisingly, the relative affordability […]
Greater Victoria real estate sales see a drop
A total of 661 properties sold in the Victoria Real Estate Board region this June, 6.2 per cent fewer than the 705 properties sold in June 2023 and a 13.4 per cent decrease from May 2024. Sales of condominiums were down 16.5 per cent from June 2023 with 202 units sold. Sales of single family […]
Looking to buy a new recreation property in B.C.?
A flood of listings will not hit Canada’s recreational property market, said RE/MAX Canada’s 2024 Cottage Trends Report. Despite higher interest rates, Canada’s cottage owners are choosing to hold on to their properties. This is a trend influenced by the quality of life alongside the prospect of future returns on recreational property ownership. RE/MAX brokers and agents in Canada predict an increase in […]
Seniors with older homes can get this Canadian benefit
Many seniors live in older homes. Now they can get this key benefit. FortisBC Energy Inc. (FortisBC) has embarked on an extensive $50 million pilot project aimed at uncovering the best pathway to reduce energy use in older homes and multifamily housing units, which is an essential step in meeting B.C.’s climate action targets. Working with partners […]
