The latest numbers are in, and March 2025 brought some unexpected twists to the Metro Vancouver real estate scene. With the lowest March sales since 2019, rising inventory, and benchmark prices showing subtle shifts — this market is quietly evolving.

So, what’s really going on? Let’s break it down.

📉 Sales Slowdown: The Calm Before the Spring Surge?

Residential sales across Metro Vancouver dropped 13.4% compared to March 2024, totaling 2,091 transactions. That’s also a significant 36.8% below the 10-year seasonal average. The big story? Buyers are holding back — at least for now.

"Buyers haven’t seen market conditions this favourable in years… but so far, they haven’t shown up in the numbers we typically see at this time of year,"
— Andrew Lis, Director of Economics & Data Analytics, GVR

🏠 Listings Surge: Inventory Hits a 10-Year High

While buyers may be hesitant, sellers are stepping up. New listings soared 29% year-over-year, with 6,455 homes newly listed in March. The total inventory has ballooned to 14,546 properties — that’s 38% higher than this time last year and the highest inventory level in nearly a decade.

This means more choices for buyers, and more competition for sellers.

📊 Sales-to-Active Listings Ratio: A Balanced Market with Pockets of Heat

The overall sales-to-active listings ratio sits at 14.9%, indicating a balanced market. But when we break it down by property type, we see some interesting trends:

• 🏡 Detached Homes: 10.3% (Buyer’s Market)

• 🏘️ Attached Homes (Townhomes): 21.5% (Sellers’ Market Territory)

• 🏢 Apartments: 16.2% (Balanced)

💡 Historical rule of thumb:

• Below 12% = downward pressure on prices

• Above 20% = upward pressure on prices

The townhome segment is especially noteworthy. With only ~2,200 active listings across the region, the supply is simply not keeping up with demand.

💵 Benchmark Prices: Mostly Holding Steady

Despite lower sales, prices are holding their ground — with subtle monthly increases but some year-over-year softening.

MLS® HPI Benchmark Prices:

• 🏠 Detached: $2,034,400 — ⬆️ 0.8% YoY | ⬆️ 0.4% MoM

• 🏘️ Townhomes: $1,113,100 — ⬇️ 0.8% YoY | ⬆️ 0.2% MoM

• 🏢 Condos: $767,300 — ⬇️ 0.9% YoY | ⬆️ 1.0% MoM

• 🏡 Composite (All Types): $1,190,900 — ⬇️ 0.6% YoY | ⬆️ 0.5% MoM

📈 While prices have softened slightly since last year, monthly increases suggest underlying stability. It’s not a crash — it’s a recalibration.

🔍 What Does This Mean for You?

💼 Buyers:

✅ More inventory = more choice
✅ Lower competition = better negotiating power
✅ Lower mortgage rates = increased affordability
🚨 But... don’t wait too long. Market momentum may build into spring and summer.

🏡 Sellers:

✅ Serious buyers are still active
✅ Townhomes are hot — especially in tight-supply areas
🚨 Be strategic with pricing and presentation to stand out

📈 Investors:

✅ High inventory creates short-term buying opportunities
✅ Watch the sales-to-listings ratio closely for timing entry/exit
✅ Townhomes remain the segment to watch

🌸 Final Thoughts

March 2025 might feel “slow,” but the underlying conditions point to an opportunity-rich market. With more inventory, low mortgage rates, and price stability, this could be a smart time to make a move — whether you're buying, selling, or investing.

If you're wondering how these trends impact your plans, let’s connect! I’m always happy to chat about your real estate goals — no pressure, just honest guidance. 💬

📩 Ready to make your move or need help navigating this market?
Send me a message or book a call — I’ve got your back! 🏡💼

#MetroVancouverRealEstate #VancouverHomes #MarketUpdate #HomeBuyers #SellersMarket #TownhomesForSale #DetachedHomes #CondoLiving #RealEstateTrends #VancouverRealtor #BuySmart #SellSmart #SpringMarket2025 #MLSUpdate

Port Coquitlam experienced a record-breaking year in 2024, approving 779 new housing units — the highest ever for the city. This surge in approvals aligns with B.C.’s new housing legislation, designed to tackle the province’s growing housing crisis. However, despite the impressive numbers, housing starts remain sluggish due to ongoing market uncertainty.

Record Approvals, but Delayed Progress

In 2024, PoCo council approved nearly two-and-a-half times the number of units compared to 2023, when 330 units were greenlit. In 2022, 545 units were approved. Yet, despite this increase, actual construction activity is lagging.

Bruce Irvine, PoCo’s director of planning and development, told the committee of council on March 11 that the city will likely miss its provincial housing targets this year. The slowdown reflects broader trends across B.C., where:

• Housing starts are down 9.2%

• Permit values have dropped 8.3%

• The number of new homes permitted has decreased by 10.8%

The decline is largely due to elevated interest rates, skilled labour shortages, and rising construction costs, which have slowed the momentum despite the record approvals.

Major Development Projects in the Pipeline

While current starts may be slow, several major projects are set to reshape Port Coquitlam’s housing landscape, including:

• PoCo Place Mall: A massive redevelopment with 2,000 residential units spread across six towers.

• 1563 Shaughnessy St.: A townhouse project near ƛ̓éxətəm Regional Park (Colony Farm).

• 2245 McAllister Ave.: Formerly known as The Met, this project will add 22 new units to the existing design.

• New View Society: A partnership with BC Housing to create 74 homes for people with mental illness at 2365 and 2371 Kelly Avenue.

Since July 2023, Bill 44 has driven 23 applications for new duplexes and townhouses, along with six coach house applications, reflecting strong interest in smaller-scale developments.

2025: PoCo’s Busiest Year Yet

Looking ahead, Irvine anticipates 2025 will be the busiest year ever for PoCo’s planning department. The city plans to focus on several key initiatives:

• Official Community Plan (OCP) Update: Phase 1 of the update will help shape the future of PoCo’s growth.

• Amenity Cost Contributions (ACC): Introducing new fees to fund infrastructure and amenities.

• Development Cost Charges (DCC): Expanding charges to accommodate new growth.

• TransLink Business Case: Developing plans to support transportation infrastructure for the growing population.

Federal Support for Housing Acceleration

In February 2024, Port Coquitlam received $10.3 million from the federal government to accelerate its housing efforts. The funding will support faster permit approvals and infrastructure expansion to help meet PoCo’s five-year target of 2,279 new homes.

Conclusion

Port Coquitlam is experiencing a housing surge, with record approvals marking a significant step toward addressing the housing shortage. However, market uncertainty and rising costs are slowing the transition from approvals to actual builds. With major projects on the horizon and additional federal support, PoCo is positioning itself for substantial growth in 2025, making it a city to watch in B.C.’s evolving real estate landscape.

🏡 Interested in learning more about the latest housing developments in Port Coquitlam or exploring real estate opportunities in the area?

📞 Contact Tara Kennedy, Realtor at 236-992-8989
🌐 Visit TaraKennedy.ca for more information.

#PortCoquitlamRealEstate #PoCoHousing #PortCoquitlamDevelopments #PoCoPlaceMall #NewViewSociety #BCRealEstate #BCHousing #GreaterVancouverRealEstate #TaraKennedyRealtor #RealEstateInvesting #TaraKennedy #Realtor #PortCoquitlam

March 20, 2025

Canada is facing a housing crisis. Demand is soaring, supply isn’t keeping pace, and home prices are out of reach for many Canadians. The government of Canada is taking a big step toward addressing this issue, but it’s time for British Columbia to do its part as well.

A Major Win for First-Time Homebuyers

Today, Prime Minister Mark Carney and the Liberal Party made an important announcement aimed at making homeownership more accessible for first-time buyers across the country.

• The Government of Canada will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes priced at $1 million or less.

• This move means that first-time buyers can save up to $50,000 on homes at or below this price point!

This new policy will reduce upfront costs and help make homeownership a reality for more young people and families. By removing the GST, the government is also working to stimulate the housing market by encouraging new home construction across Canada. The goal? To meet growing demand and give more Canadians the chance to purchase their own homes.

BC’s Outdated Property Transfer Tax (PTT)

While this announcement is a step in the right direction, it’s important to recognize that British Columbia still has an outdated Property Transfer Tax (PTT) that puts a major strain on homebuyers, especially in areas like Vancouver where home prices are significantly higher than in other parts of the country.

Here’s a quick breakdown of the PTT in BC:

• 1% on the first $200,000 of the property’s fair market value

• 2% on the portion between $200,000 and $2 million

• 3% on the portion over $2 million

For example, if you buy a home worth $1 million, you will have to pay $18,000 in PTT alone. With housing prices soaring, even modest homes come with hefty costs in taxes, making it even harder for first-time buyers to enter the market.

Why It’s Time for BC to Make a Change

BC’s PTT system is clearly outdated, especially given the current housing market. In a province where even smaller homes are priced well above $500,000, the PTT is an obstacle that keeps many potential homeowners from achieving their dreams. With prices steadily rising, it’s more crucial than ever to reform this system and make homeownership truly attainable for everyone.

It’s time for the BC provincial government to step up and take action. The federal government is already taking steps to address housing affordability, but BC needs to do its part. Eliminating or significantly reducing the PTT for first-time buyers could make a huge difference in lowering the financial barriers to homeownership.

How You Can Help Drive Change

We’ve already seen how effective public awareness campaigns can be when it comes to pressing political issues, especially during the recent provincial election. Now is the time to bring that same energy to housing affordability in BC.

Here are some ways you can get involved and help push for reform:

1. Start a petition to eliminate or reduce the PTT for first-time buyers, particularly for homes priced under $1 million.

2. Spread the word on social media, using hashtags like #BCPTTReform and #HomeownershipMatters.

3. Contact your local MLA to express your concerns and urge them to support changes to the PTT.

4. Join community rallies and town halls to gather support for policy changes.

We need to rally together and let the BC government know that it’s time for change. The federal government has made a start, but we can’t let BC fall behind. Together, we can make homeownership a reality for more people in our province.

Conclusion

As we celebrate the federal government’s move to eliminate the GST for first-time homebuyers, we must continue pushing for similar reforms here in BC. The Property Transfer Tax is a major obstacle for many, and it’s high time the provincial government takes action to make homeownership more affordable for everyone. Let’s work together to ensure that the dream of owning a home is achievable for all.

It’s time for BC to do its part!

#HousingCrisis #AffordableHomes #BCPTTReform #TimeForChange #HomeownershipMatters #DavidEby #DoYourPartBC #MarkCarney #LiberalParty #JohnRustad #BCOP #PierrePoilievre #CPC #MakeHousingAffordable #PierrePoilievre #GST #GSTNewRules 

St. Patrick’s Day is here! March 17th is a day dedicated to honoring St. Patrick, the patron saint of Ireland, and celebrating Irish culture and heritage. From parades to wearing green, it's a day of fun and festivity that unites people worldwide. But did you know that this day also has a rich history and deep cultural roots?

In today’s blog, I’ll share a bit of history about St. Patrick’s Day and why this day is celebrated around the world, while also tying it into something I’m passionate about—helping you find your “pot of gold” in the real estate market. 🌟

🍀 A Quick History of St. Patrick’s Day 🍀

St. Patrick’s Day has evolved from a religious observance into a global celebration of Irish culture. Born in the 4th century in Britain, St. Patrick was kidnapped at the age of 16 and brought to Ireland as a slave. After escaping, he later returned to Ireland as a missionary, where he became a symbol of faith, resilience, and hope. 🌿✨

Interestingly, St. Patrick wasn’t always known by that name. He was originally born as Maewyn Succat, a name of Celtic origin. However, after becoming a missionary, he changed his name to Patricius (Patrick), a Latin name reflecting his new role in the Christian mission to the Irish people. This name change was a common practice for missionaries at the time to align with Roman Christian traditions.

While St. Patrick’s Day originated in Ireland, the first St. Patrick’s Day parade wasn’t even held there—it took place in 1601 in St. Augustine, Florida. Today, the holiday is marked by parades, dancing, and the wearing of green—symbolizing the shamrock that St. Patrick famously used to explain the concept of the Holy Trinity.

🍀 Why Green? The Shamrock Connection 🍀

One of the most recognizable traditions of St. Patrick’s Day is wearing green. Did you know that it wasn’t always associated with the holiday? The original color associated with St. Patrick was blue. The shift to green happened over time, partly due to the shamrock, a green plant that St. Patrick used as a symbol to explain the Holy Trinity to the Irish people. 🌱

In modern times, green is not only a symbol of St. Patrick’s Day, but also of good luck. Some even say that wearing green makes you invisible to mischievous leprechauns who might pinch you if you don’t wear it. 🍀

🍀 The Real Estate Market: Your Pot of Gold Awaits 🍀

While you’re celebrating with friends and family, take a moment to think about your future. If you’ve been dreaming of finding your perfect home, there’s no better time than now to start your search. Whether you’re looking to buy your first home, upgrade to something bigger, or even sell your property for a fresh start, real estate can be your very own "pot of gold." 🏡🌈

The real estate market can seem daunting, but with the right guidance, you can turn your dreams into reality. As a local real estate expert, I am here to help you navigate through the process with ease and confidence. Whether you're interested in a cozy home or a spacious property, I’ll help you find the perfect place to call home. 🌟

🍀 Get in Touch – Let’s Make Your Real Estate Dreams a Reality 🍀

If you’re ready to make a move in the real estate market, I’d love to help you take the first step. With St. Patrick’s Day just around the corner, it’s the perfect time to start planning your next move—whether it’s finding a home that feels like luck or getting advice on selling your current property.

Let’s chat! Contact me today, and together, we’ll make your real estate dreams come true.

📞 Phone: 236-992-8989
📧 Email: TaraKennedySells@gmail.com
🌐 Website: TaraKennedy.ca

Wishing you luck, happiness, and a successful real estate journey this St. Patrick’s Day and beyond! 🍀✨

#StPatricksDay #LuckyInRealEstate #VancouverHomes #RealEstateJourney #FindYourDreamHome #ContactMe #TriCitiesRealEstate #CoquitlamHomes #PortCoquitlamProperties #PortMoodyRealEstate #RoyalLePageEliteWest #CoquitlamRealtor #PortCoquitlamRealtor #PortMoodyRealtor #BCRealEstateExpert #YourLocalRealtor

For over a century, the British Columbia Society for the Prevention of Cruelty to Animals (BC SPCA) has been a beacon of hope for animals across the province. Established in 1896, the BC SPCA has grown into one of North America's largest and most respected animal welfare organizations.

A Rich History of Advocacy and Care

The BC SPCA's journey began with a group of compassionate individuals dedicated to protecting animals from cruelty. Their efforts led to the enactment of the Prevention of Cruelty to Animals Act in 1895, officially founding the organization. By 1901, the BC SPCA had expanded to over 10 branches, focusing on law enforcement, public education, and advocating for the humane treatment of animals.

How Your Support Makes a Difference

Purchasing a ticket for the BC SPCA Lottery is more than just a chance to win; it's an investment in the well-being of countless animals. The funds raised are allocated to:

• Rescue Operations: Responding to reports of animal cruelty and rescuing animals in distress.

• Shelter and Rehabilitation: Providing safe havens and medical care for abused and neglected animals.

• Spay and Neuter Services: Offering programs to control the animal population and promote responsible pet ownership.

• Adoption and Advocacy: Finding loving homes for animals and advocating for stronger animal protection laws.

• Educational Programs: Teaching the public about animal welfare and the importance of kindness towards all creatures.

Join the Cause: Purchase Your Lottery Tickets Today

By participating in the BC SPCA Lottery, you contribute directly to these vital programs. The ticket options are designed to fit various preferences:

• 1 Ticket for $30

• 3 Tickets for $60

• 6 Tickets for $100

Additionally, the lottery features a 50/50 Bonus, where half of the proceeds go to the winner, and the other half supports the BC SPCA's initiatives. Tickets for the 50/50 are available in:

• 1 Ticket for $10

• 3 Tickets for $25

• 6 Tickets for $40

With a grand prize of up to $250,000 and a 50/50 pot potentially reaching $1,000,000, the stakes are high, and the impact of your contribution is profound.

Take Action Now

I have secured my tickets and feel proud to support such a noble cause. I encourage you to do the same. Your participation not only offers you a chance to win substantial prizes but also ensures that the BC SPCA can continue its essential work in protecting and caring for animals in need.

Get Your Tickets Here: https://lottery.spca.bc.ca

Together, Let's Make a Difference

Every ticket purchased is a step towards a kinder, more compassionate world for animals. Join me in supporting the BC SPCA and be a part of this legacy of care and protection.

For more information on the BC SPCA's history and initiatives, visit their official website. https://spca.bc.ca/

#EveryTicketSavesALife #BCSPCA #AnimalRescue #HelpAnimals #AdoptDontShop #LotteryForAnimals #SPCALottery #SaveThemAll #SecondChances #FurBabies #GiveHope #MakeADifference

If you're a snowbird or planning an extended stay in the United States, there’s an important update you need to know about! Starting April 11, new rules from the U.S. Department of Homeland Security (DHS) will require all foreign nationals, including Canadians, staying in the U.S. for 30 days or longer, to register and submit fingerprints as part of the immigration process. This marks a significant change for snowbirds and travelers, so it's crucial to stay informed.

Who Does This Affect?

• Anyone aged 14+ who plans to stay in the U.S. for 30 days or longer must register.

• Parents or guardians are responsible for registering children under 14.

• Once registered, travelers MUST carry proof of registration while in the U.S.

Why the Change?

This new rule is part of the U.S. government's broader effort to strengthen national security and improve immigration control. It stems from an executive order titled "Protecting the American People Against Invasion" that seeks to prevent unlawful immigration and reduce the risks associated with visa overstays. The U.S. government has expressed concerns about the safety risks posed by foreign nationals who overstay their visas, as well as the economic costs they may incur for taxpayers. The goal is to track foreign nationals who stay in the U.S. for extended periods more effectively.

This change removes the previous exemptions that Canadians and other foreign nationals used to enjoy when it came to certain U.S. travel regulations.

How to Register?

To comply with the new rule, travelers must create a USCIS online account and submit their registration, including fingerprints. It’s crucial to complete this process before your U.S. stay begins to avoid potential issues at the border.

For more information and to register, head to the official USCIS website:
https://www.uscis.gov

What Does This Mean for You?

If you're planning to spend time in the U.S. this year, especially if you're a snowbird who stays for months at a time, it's important to prepare for this change. Not only will you need to register online, but you'll also need to carry proof of your registration during your stay.

This new fingerprinting requirement means that all foreign nationals, including Canadians, will be treated like "regular" travelers rather than benefiting from previous travel exemptions. It’s a significant policy shift, so be sure to plan ahead!

Take Action Now

With the rule taking effect soon, it’s vital to take action right away. The last thing you want is to be caught unaware when entering the U.S. starting April 11. Make sure to register and complete the fingerprinting process well before you travel.

If you’re unsure about how to proceed or need assistance, check out the official USCIS website or consult with an immigration lawyer for guidance.

Stay ahead of the curve and avoid complications—register today!

#USTravel #Snowbirds #FingerprintsRequired #TravelAlert #NewRules #DHS #CanadaUSA #StayInformed #TravelWarning #SnowbirdLife

If you're planning to buy or sell a home this spring, there's an important update you need to know about! Starting March 17, 2025, the way offers are handled in competitive real estate situations is changing across British Columbia. These changes aim to give sellers more flexibility and ensure a fair and transparent process for buyers.

In this blog post, I’ll break down exactly what’s changing, why it matters, and how it could affect you.

What’s Changing?

🔑 1. No More Irrevocable Offer Instructions (IDRPO)

Up until now, sellers often signed an Irrevocable Direction Regarding Presentation of Offers (IDRPO) form, which locked them into specific offer dates and times.

As of March 17, 2025, that will change.
➡️ The IDRPO form is being phased out and replaced with a Direction Regarding Presentation of Offers (DRPO) form, giving sellers more flexibility to adjust their offer strategy if needed.

This allows sellers to respond to market conditions, personal circumstances, or other factors — while still maintaining fairness.

📣 2. Clear MLS® Instructions for Delayed Offers

If a seller chooses to delay offer presentations (for example, "No offers until Friday at 5 pm"), this instruction must now be posted clearly on MLS® in both the Public and REALTOR® Remarks.

➡️ Exact wording required:

"No presentation of offers until (a specified date and/or time)."

This ensures that buyers and agents are fully aware of when offers will be reviewed — supporting transparency and leveling the playing field.

💥 3. New Rules for Handling Bully (Pre-Emptive) Offers

Sometimes, a buyer may submit a bully (pre-emptive) offer before the scheduled offer date. With the new rules, if a seller wants to consider that offer, the following steps must be taken:

✅ The listing agent must update the seller's written instructions (DRPO) to reflect the new offer review time.
✅ The listing must be updated on MLS®, including Public and REALTOR® Remarks.
✅ All interested buyers/agents must be notified and given an equal opportunity to present an offer — before the seller looks at the early offer.

This ensures that no buyer is left out of the process and everyone has a fair shot, even in a competitive situation.

What Does This Mean for Buyers and Sellers?

🔑 For Sellers:

• You’ll have more flexibility to adjust your offer presentation timing as your situation evolves.

• You’ll still be required to follow clear procedures to ensure fairness and avoid conflicts.

🏡 For Buyers:

• You’ll benefit from increased transparency — any offer delays or early offers must be disclosed properly.

• You’ll have a fair chance to compete, even if a bully offer comes in.

Why These Changes Matter

These updates were made after guidance from the BC Financial Services Authority (BCFSA) raised concerns that irrevocable offer instructions could limit sellers’ ability to act in their own best interest.

Additionally, the new rules help prevent REALTORS® from being caught between client instructions and regulatory compliance — creating a more balanced, transparent process for everyone involved.

Bottom Line

✔️ Sellers now have more control over how and when offers are presented.
✔️ Buyers will be informed and given a fair chance — no more surprises.
✔️ The new system creates clarity, fairness, and flexibility in the market.

Let's Talk About What This Means for You!

If you’re thinking of buying or selling a home in 2025, these changes may affect your strategy. I’m here to help you navigate the process confidently and successfully.

📲 Contact me today for a personalized strategy session!

✨ Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 TaraKennedy.ca
📧 TaraKennedySells@gmail.com

#RealEstateUpdate #NewOfferRules #BuyingAHome #SellingAHome #BCRealEstate #OfferProcess #TransparencyMatters #RealtorOnYourSide #MarketChanges #FairOffers #TaraKennedy #IDRPO #DRPO #TaraKennedyRealEstate #BCFSA #GVR

The Metro Vancouver real estate market is showing signs of balance as we move further into 2025. With new listings increasing and sales stabilizing, buyers and sellers alike are experiencing market conditions that provide more options and strategic opportunities. Whether you're looking to buy, sell, or invest, understanding these trends is key to making informed decisions. Let’s dive into the numbers and what they mean for you, with a special focus on the Tri-Cities market!

February 2025 Market Overview

🔹 Sales Activity: Residential sales in Metro Vancouver totaled 1,827, an 11.7% decrease from February 2024 and 28.9% below the 10-year seasonal average. While sales have slowed, this allows buyers more negotiating power in many areas.

🔹 New Listings: February saw 5,057 new listings, marking a 10.9% increase from last year. This increase gives buyers a larger selection of properties to choose from, easing competition.

🔹 Total Inventory: There are now 12,744 homes listed for sale in Metro Vancouver, a 32.3% increase from last year and 36.4% above the 10-year seasonal average. This is the largest inventory seen in years, providing excellent opportunities for homebuyers.

🔹 Sales-to-Active Listings Ratio: Currently at 14.8%, the ratio suggests a balanced market, meaning buyers and sellers are on relatively equal footing.

• Detached Homes: 10.7%

• Attached Homes: 18.5%

• Apartments: 16.8%

🔹 Home Prices: The MLS® Home Price Index benchmark price for all residential properties is $1,169,100, reflecting a 1.1% decrease from February 2024 and a 0.3% decrease from January 2025.

💰 Detached Homes: $2,006,100 (⬆️ 1.8% YoY)
🏢 Apartments: $747,500 (⬇️ 2.8% YoY)
🏠 Townhomes: $1,087,100 (⬇️ 1.2% YoY)

With a potential Bank of Canada rate cut on the horizon, borrowing conditions could improve, bringing even more buyers into the market. If you're thinking of making a move, now is the time to strategize!

Spotlight on the Tri-Cities: What’s Happening in Coquitlam, Port Coquitlam & Port Moody?

As a Tri-Cities real estate specialist, I’m seeing exciting opportunities across these communities. Here’s what you need to know:

🔹 Coquitlam: Home to a mix of urban convenience and natural beauty, Coquitlam’s real estate market is diverse, with high demand for townhomes and condos near transit hubs like the Evergreen Line. Detached homes remain strong in areas like Burke Mountain and Westwood Plateau.

🔹 Port Coquitlam: With its family-friendly vibe, Port Coquitlam continues to attract buyers looking for more space at a relatively affordable price point. Detached homes and townhouses are particularly popular here.

🔹 Port Moody: Known for its stunning waterfront, vibrant brewery scene, and excellent schools, Port Moody remains a hot spot for buyers looking for a mix of lifestyle and convenience. The demand for condos near Moody Centre and townhomes in Heritage Mountain remains strong.

If you're curious about the value of your home or looking to buy in one of these growing communities, let's chat!

📢 What Does This Mean for You?

✅ For Buyers: More inventory means less competition and better negotiating power. If you're looking to enter the market, now is the time to explore your options.

✅ For Sellers: While prices are stable, the upcoming spring market could bring more demand. Strategic pricing and strong marketing are key to selling successfully in this balanced market.

📍 Whether you're buying, selling, or investing, I’m here to help you navigate this ever-changing market with expert advice tailored to your needs.

📞 Let’s connect today!
✨ Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 TaraKennedy.ca
📧 TaraKennedySells@gmail.com

#TaraKennedy #RoyalLePageEliteWest #TriCitiesRealEstate #CoquitlamHomes #PortCoquitlam #PortMoodyLiving #MetroVancouverRealEstate #MarketUpdate #HomeBuying #HomeSelling

Are you ready to gear up for your next outdoor adventure? Whether you're a seasoned outdoor enthusiast or just starting to explore the great outdoors, the BC Sportsmen’s Show has something for everyone!

Taking place from March 7th to 9th at TRADEX Abbotsford, this exciting event brings together experts, outdoor gear, and all the resources you need to make the most of your summer adventures. From fishing and hunting to hiking and boating, the show features a variety of vendors and exhibitors to help you plan and prepare for your next big adventure.

What You Can Expect at the BC Sportsmen’s Show:

• Outdoor gear and equipment for camping, hiking, fishing, and more.

• Expert advice from industry professionals to help you get the most out of your outdoor activities.

• Opportunities to test new products, discover new hobbies, and plan your summer fun!

Exclusive Offer: To make this experience even better, we're offering an exclusive 50% OFF your tickets! 🎉 Simply use the code BCSPORT50 at checkout to take advantage of this amazing offer.

Event Details:

• Dates: March 7-9, 2025

• Location: TRADEX Abbotsford, BC

• Ticket Offer: 50% off with code BCSPORT50

Don’t miss out on the chance to explore all that the BC Sportsmen’s Show has to offer. Whether you’re looking for the latest gear or expert advice on your next outdoor pursuit, this event is a must-attend!

Get Your Tickets Now and start planning your next outdoor adventure! 

https://www.showpass.com/2025-bc-sportsmens-show/?fbclid=IwY2xjawI3BOFleHRuA2FlbQIxMAABHSyhFIUlAdPHOTlIvfFtWfR_eBZBpDe0W9YN1gtKMmHitdOWzrLozxfGDg_aem_0gHsuHbcGV2C4KWHCalngQ

#BCSportsmensShow #Tradex #Abbotsford #OutdoorAdventure #ExploreBC #Fishing #Hiking #Boating #SummerFun #GetOutside #BCEvents #OutdoorGear #AdventureAwaits #OutdoorLife #BCOutdoors #CampingLife #NatureLovers #TaraKennedy #TricitiesLiving #PortMoody #Coquitlam #PittMeadows #RealEstateBC #RLP #RoyalLePageEliteWest #TricitiesRealEstate #LivingInBC #YourRealtor #HomeSweetHome #PropertyGoals #ExploreTheTricities #RealEstateAdventures #RealtorLife #TricitiesRealtor #RealEstateWithTara

The Edmonton Oilers are known for making big plays on the ice, but their latest move off the ice is just as impressive. The Edmonton Oilers Community Foundation has launched an enhanced food recovery program, ensuring that surplus food from Rogers Place doesn’t go to waste. Instead, it’s being redirected to those in need, making a tangible difference in the community.

From the Rink to the Table

With thousands of fans attending hockey games and live events, Rogers Place produces a significant amount of food every night. While the goal is always to serve just the right amount, surplus food is inevitable. Rather than letting it go to waste, the Oilers Foundation has partnered with Second Harvest and La Tablée des Chefs to ensure excess food reaches local charities, including Edmonton’s Food Bank.

“On any given night, our goal is for the last dish to be placed as service concludes, or the final hot dog to sell just before the event ends,” said Fabian Ffrench, executive chef at Rogers Place. “Despite these meticulous efforts, some surplus food is inevitable, and recovery initiatives like these will help make a meaningful impact in the community.”

The Impact So Far

Since launching the enhanced program on January 28, 2024, the results have been incredible:

• 1,813 servings of food have been donated

• 544 kg of surplus food has been saved from going to waste

• Multiple local charities, including Edmonton’s Food Bank, have received vital meal support

This initiative is a win-win: it reduces food waste while ensuring more people have access to nutritious meals.

“This collaboration is a fantastic example of how we can turn surplus food into vital meals for those in need, tackling food waste and hunger at the same time,” said Lori Nikkel, CEO of Second Harvest.

A Model Every City Should Follow

The Oilers aren’t just setting an example on the ice—they’re setting a standard for how sports venues and large event spaces can make a difference in their communities. This program proves that food waste can be transformed into an opportunity to feed those in need.

In February, Oilers forward Ryan Nugent-Hopkins took the effort a step further by hosting a meet-and-greet event, where attendees were asked to bring a food bank donation. This kind of leadership highlights the importance of giving back and reinforces the idea that no good food should ever be wasted when people are going hungry.

Pushing for Change

While the Oilers are leading the charge, this kind of initiative should be mandatory in every city. Every arena, stadium, and event venue should have a food recovery plan to ensure surplus food is put to good use.

If a program like this can work at Rogers Place, it can work anywhere. Let’s spread the word and push for more arenas, restaurants, and event spaces to follow suit!

How You Can Help

If you’re inspired by this initiative, there are ways to make a difference in your own community:

• Support local food banks through donations or volunteering

• Advocate for food recovery programs in local businesses and venues

• Reduce food waste in your own home by planning meals and donating excess food

Let’s work together to ensure no meal goes to waste when there are people in need. 💙💪

#FoodForAll 🍛 #OilersGiveBack 💙 #EndFoodWaste ♻️ #HungerRelief 🍽️ #HockeyForGood 🏒 #CommunityMatters ❤️ #SupportLocalCharities 🙌 #NoFoodLeftBehind 🚛

Residents of Port Moody, Coquitlam, and Port Coquitlam are facing notable hikes in their 2025 utility bills. These increases are primarily due to substantial cost overruns associated with Metro Vancouver's North Shore Wastewater Treatment Plant project.

Port Moody

Port Moody homeowners are seeing the following additional charges on their utility bills:

• Single-family homes: Additional $95

• Townhomes: Additional $90

• Apartments: Additional $61

The deadline for payment is February 28, 2025. Late payments will incur a 5% penalty, with an additional 5% added after March 31, 2025.

Coquitlam

In Coquitlam, the sewer and drainage portion of utility bills has increased by 16%, translating to an extra $101 for the average homeowner. Notably, 10% of this increase is allocated to the North Shore Wastewater Treatment Plant project. The city has utilized contingency funds to reduce the impact from an initial 20% hike. Payments are due by March 31, 2025, with a 5% penalty for late submissions.

Port Coquitlam

Port Coquitlam residents are experiencing a 30.98% increase in the sewer and drainage portion of their utility bills, amounting to an additional $122.61 for the average homeowner. This surge is largely attributed to the wastewater treatment plant's budget overruns. Utility bill payments are due by March 31, 2025. Late payments will incur a 5% penalty, with an additional 5% added after June 2, 2025.

Background on the North Shore Wastewater Treatment Plant Project

The North Shore Wastewater Treatment Plant, initially budgeted at $700 million, has seen costs escalate to nearly $4 billion, with the completion date pushed to at least 2030. This project aims to enhance wastewater treatment quality, control odors, and increase resilience to environmental challenges. The significant budget overruns have led to increased utility fees across the Metro Vancouver region.

Implications for Homeowners

These utility bill increases have sparked concern among residents. One Port Moody homeowner described the hike as "enormous" and "unexpected." Municipalities are striving to manage the financial impact on their communities, but the substantial regional project costs necessitate these adjustments.

Residents are encouraged to review their utility bills promptly and ensure timely payments to avoid additional penalties. For more information or assistance, homeowners should contact their respective municipal offices.

#UtilityBills #MetroVancouver #TriCities #PortMoody #Coquitlam #PortCoquitlam #WastewaterProject #Homeowners #PropertyTaxes #BudgetIncrease #RealEstateNews #BCRealEstate #SewerRates #Infrastructure #CostOfLiving #CityTaxes #TaraKennedyRealtor #TricitiesRealtor #TaraKennedyRealEstate #CoquitlamRealEstate #PortMoodyRealEstate #PocoRealEstate #BCRealtor #YourRealtorForLife #RoyalLePageEliteWest

British Columbia’s Speculation and Vacancy Tax was introduced to help address housing affordability by discouraging vacant homes and encouraging long-term rentals. If you own a home in certain parts of BC, it's important to understand how this tax works, who it applies to, and the steps you need to take to comply.

What is the Speculation & Vacancy Tax?

The Speculation and Vacancy Tax is an annual tax applied to residential properties that are left vacant for most of the year. It was designed to free up empty homes and increase rental availability in high-demand urban areas. Even if you don’t owe any tax, all homeowners in affected areas must complete a declaration each year to confirm their exemption status.

Where Does the Tax Apply?

This tax applies to properties located in the following designated urban areas:

• Metro Vancouver (including Vancouver, Burnaby, Richmond, Surrey, Coquitlam, Langley, and more)

• Capital Regional District (Victoria, Saanich, Langford, and surrounding areas)

• Kelowna & West Kelowna

• Nanaimo & Lantzville

• Chilliwack, Abbotsford, & Mission

Some rural areas and smaller communities are exempt from the tax. To check if your property is affected, visit gov.bc.ca/spectax.

Who Has to Pay the Tax?

The tax applies to homeowners who don’t live in their property for at least six months of the year and who don’t rent it out long-term (for at least 30 days at a time).

How Much is the Tax?

• 0.5% of the home’s assessed value for most Canadian owners.

• 2% of the assessed value for foreign owners and satellite families.

Who is Exempt?

Many homeowners will qualify for an exemption, including those who:
✅ Use the property as their primary residence
✅ Rent it out to long-term tenants (at least six months of the year)
✅ Have extenuating circumstances (such as medical reasons or recent home purchases)

What Do You Need to Do?

✅ Declare your status every year—even if you qualify for an exemption!
✅ The deadline to declare for the 2024 tax year is March 31, 2025.
✅ You can complete your declaration online at gov.bc.ca/spectax.

Failing to declare on time may result in the tax being charged, even if you qualify for an exemption.

Stay Informed

The Speculation and Vacancy Tax is an important part of BC’s efforts to improve housing availability. Whether you’re a homeowner, investor, or renter, understanding how this tax works can help you make informed decisions about your property.

For full details and to submit your declaration, visit gov.bc.ca/spectax.

#BCRealEstate #SpeculationTax #VancouverRealEstate #Homeownership #RealEstateInvesting #RentalMarket #HousingCrisis #BCHousing #TaraKennedy #TaraKennedyRealtor #RoyalLepageEliteWest #TaraKennedyRealEstate #CanadianRealEstate #PropertyTax #VacantHomes #InvestingInBC #HomeBuyers #BCMarketUpdate #RealEstateNews