Foreign Buyers and the prevailing political winds
Those that are active in the BC real estate market know that different levels of government have put in policies to slow demand over the years. Many of which were put in place when the market was roaring. However, the market has turned and liquidity has dried up in certain areas of the market – condos specifically.
Earlier this week we read this article from the Vancouver Sun (https://vancouversun.com/news/bc-foreign-buyer-restrictions-investment-real-estate-pros-cons) which touches on these Government policies (namely, the Foreign Buyer Ban and the Speculation and Vacancy Tax). It then discusses possible policy changes that would allow more capital to come back to the market, by highlighting industry voices and surveys of average Canadians.
We’ll stay out of the political discourse– but it is nice to read that possible solutions are being floated and we are acknowledging that our market is burdened by a lot of regulatory oversight.
If you’ve made it this far and have any questions about the various bans, taxes and regulations around residential real estate, feel free to reach out.
As always, thank you for the support


Tony Spagnuolo

Spagnuolo & Company Lawyers
#300-906 Roderick Avenue
Coquitlam, BC V3K 1R1
604-527-4242
realestate@spagslaw.ca

https://youtube.com/shorts/CJXkmBoEmjA?si=P_BNMVu9sl8UKZDI

https://youtube.com/shorts/E0ZgCKTMVcI?si=ZUvp-MglHhTliIxJ

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🐰 Contact Kimberly Walker @ 778-828-6186 or Kimberly@walkerrealestate.ca for colouring sheets

🐰 Drop off entries by April 17th to #1 1920 152 Street, Homelife Office or call Kimberly for pickup

🐰 Age Categories: 1-7 & 8-12

🐰 First Prize: $100

🐰 Second Prize: $50

🐰 Third Prize: $20

💫 Location: Your Driveway 9:00 AM

💫  Residents: Bell Park, Ocean Park, Amble Greene, Chantrell Park, Elgin Park & Morgan Creek

💫 Advertising: We advertise in the Peace Arch News, Instagram, Facebook Market Place, Craigslist, Kijiji, www.WalkerRealEstate.ca/Events

💫 Signage: We provide main street signage and attach list of addresses/sale items

💫 RSVP: Kimberly@WalkerRealEstate.ca with your address and sale items, by Friday, April 25, 2025

💫 Confirmation: Please ensure Kimberly confirms receipt of your email, to be sure you are included in the sale

💫 Questions: Call Kimberly Walker 778-828-6186

💫 Gently Used - Children’s Clothing Sale - Book a FREE SPACE

💫 Location: 13824 19A Avenue

💫 Bring your table or coat racks and sell your goods

We advertise and generate a good crowd of buyers

To reserve your spot, email: kimberly@walkerrealestate.ca

 💫 Come Out & Support The Peace Arch Hospital Auxiliary

💫Location: 13824 19A Avenue

💫 Volunteers will be selling quality used items, jewelry, and running a 50/50 draw. We will also be offering fresh warm donuts, popcorn, coffee and lemonade.

💫 All proceeds go to Peace Arch Hospital Auxiliary for patient care and equipment

🐰 Bunny Hop: 1, 2 or 5 Km Walk along the promenade and down the pier

🐰 10:30 AM to Noon: Good Friday, April 18th

Meet at Memorial Park, Marine Drive:  Next to the Train Station Museum

🐰 Register On-Line: paha.ca or on site. 12 and Under: $5.00 or 13 and Over $13.00

🐰 Participation Packages: Bunny Ears, mini-eggs, flavored sports drink packet, granola bar, lip balm, hand sanitizer and pamphlet 

🐰 Enjoy: Children’s Music, Korki the Clown with Balloons, Face Painting and more

🐰 11:00 AM: Warm Up and Hope Begins

🐰 Come visit us under the HomeLife Tent: serving donuts and popcorn 

🐰 Hope to See you There - It’s a lot of fun – All Proceeds Peace Arch Hospital

March home sales in the Fraser Valley remained nearly 50 per cent below the 10-year average —making for the slowest start to the spring market in more than 15 years.

If not for the economic uncertainty driven largely by U.S. tariffs, we’d likely be seeing a typical strong spring market in the Fraser Valley. Instead, we’re seeing a disconnect as sellers remain hesitant to lower their prices beyond a certain threshold, while buyers, facing tighter financing conditions, are either unable or unwilling to meet it.

The resulting inertia is keeping sales low. The overall sales-to-active listings ratio continues to signal a buyer’s market in the Fraser Valley, with a ratio of 11 per cent. The market is balanced when the ratio is between 12 per cent and 20 per cent.

Currently, uncertainty is impacting all corners of the real estate and development sector, and as a result, we are seeing markedly lower seasonal activity.

Eye on the Market | March 2025 - YouTube