After a rocky start to 2025, Metro Vancouver’s real estate market is showing encouraging signs of stabilization. While overall sales activity is still below long-term averages, the gap is narrowing — and that signals a potential shift in momentum.

According to the Greater Vancouver REALTORS® (GVR), a total of 2,181 residential properties were sold across Metro Vancouver in June 2025. This represents a 9.8% decrease year-over-year, but it's a marked improvement over May’s sharper decline. In fact, the year-over-year sales drop in June was half the size of May’s, suggesting the market may be rounding a corner.

📊 Key Market Highlights for June 2025

Sales Activity

• Total home sales: 2,181

• Down 9.8% from June 2024 (2,418 sales)

• 25.8% below the 10-year seasonal average (2,940)

Detached home sales:

• 657 units sold, down 5.3% YoY

• Benchmark price: $1,994,500 (↓ 3.2% YoY)

Apartment sales:

• 1,040 units sold, down 16.5% YoY

• Benchmark price: $748,400 (↓ 3.2% YoY)

Townhouse sales:

• 473 units sold, up 3.7% YoY

• Benchmark price: $1,103,900 (↓ 3.0% YoY)

Inventory Levels

• 6,315 new listings hit the market in June — a 10.3% increase from June 2024

• Total active listings: 17,561, up 23.8% YoY

• Inventory is now 43.7% above the 10-year seasonal average

This increase in inventory offers buyers more selection and negotiating power, while also providing some breathing room for the market overall.

🔍 Sales-to-Active Listings Ratio

The overall sales-to-active listings ratio for June 2025 sits at 12.8%, placing most property types in balanced market territory:

• Detached: 9.9%

• Attached: 16.9%

• Apartments: 13.9%

Historical trends suggest that when this ratio falls below 12% for a sustained period, prices typically come under downward pressure. On the other hand, ratios consistently above 20% often lead to upward price movement. Currently, the data supports a holding pattern, where prices are neither rising nor falling dramatically.

💬 Expert Insight

Andrew Lis, Director of Economics and Data Analytics at GVR, summarized the month’s results this way:

“With over 17,000 homes on the market and mortgage rates down about two per cent since last summer, buyers are enjoying some of the most favourable conditions seen in years.”

Lis also noted that while sales are still underperforming historic norms, the downward trend is easing — potentially setting the stage for a rebound in the second half of the year.

🔑 What This Means for You

For buyers, this is a rare opportunity. Inventory is strong, competition is manageable, and mortgage rates are more attractive than they’ve been in recent memory.

For sellers, pricing strategy is key. While prices have dipped slightly year-over-year, they're holding relatively steady month-over-month. Homes that are well-presented and correctly priced are still selling — especially in the attached segment, where sales have actually increased.

Whether you're buying your first home, upgrading, downsizing, or considering selling, staying informed is essential. Real estate is local, and no two neighbourhoods move at the same pace.

🏡 Let’s Talk About Your Next Move

If you’re curious about what these numbers mean for your specific situation — or you're ready to take the next step — I’d love to help you navigate today’s market with confidence.

✨ Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 www.tarakennedy.ca

#MetroVancouverRealEstate #June2025MarketUpdate #BCRealEstate #HomePrices #HousingMarketTrends #RealEstateNews #CoquitlamRealtor #VancouverHomes #MLSStats #GVRStats #BalancedMarket #RealEstateExpert #TaraKennedyRealtor #BuyWithConfidence #SellSmart #HomeOwnershipBC

Every July 1st, Canadians from coast to coast to coast gather to celebrate Canada Day, marking the birth of our nation. It’s a day full of fireworks, parades, and backyard BBQs - but behind the festivities lies a rich and meaningful story that defines who we are as Canadians.

On July 1st, 1867, the British North America Act (now called the Constitution Act) came into effect, uniting the colonies of Ontario, Quebec, New Brunswick, and Nova Scotia into a single Dominion within the British Empire—Canada. It was the beginning of Canada’s path to full independence, which would gradually evolve over the following century.

Originally known as Dominion Day, the holiday was renamed Canada Day in 1982, the same year the country formally patriated its constitution and adopted the Canadian Charter of Rights and Freedoms. That move marked the full sovereignty of Canada, symbolizing the maturity of the nation.

A Mosaic of Cultures

Canada is often referred to as a cultural mosaic, and for good reason. Home to over 38 million people, with two official languages (English and French) and countless others spoken by immigrant and Indigenous communities, Canada is a land of diversity, inclusion, and shared values.

Canada Day is a time to celebrate that diversity while also reflecting on our collective journey, including the more difficult chapters of our past. Honouring the resilience and contributions of Indigenous Peoples is an important part of shaping a more truthful and inclusive national identity.

What Makes Canada Unique?

• 🇨🇦 Natural Beauty: From the Rockies to the Atlantic, and the Prairies to the Arctic, Canada's landscapes are as diverse as its people.

• 🧡 Universal Healthcare: A point of national pride and a symbol of compassion.

• 🍁 Global Reputation: Canadians are known for being polite, resilient, and community-minded.

• 🕊️ Peacekeeping and Diplomacy: Canada has long been a global leader in promoting peace and human rights.

• 🎓 Education and Innovation: Canada consistently ranks among the top countries for quality of life, education, and innovation.

A Day to Reflect and Reconnect

Whether you’re watching fireworks with loved ones, attending a citizenship ceremony, or simply enjoying the outdoors, Canada Day is about more than celebration … it’s about reflection. It’s a moment to recognize how far we've come, where we are today, and what we want our future to look like.

As we wave the red and white flag on July 1st, let’s carry forward the values of kindness, inclusion, and unity that define our great country.

✨ If you’re new to the Tri-Cities area or looking to make a move, I’d love to help you feel right at home. Whether you're buying or selling, let's connect and make your next move a confident one.

Tara Kennedy
🏡 REALTOR®, ABR, RENE, SRS
📞 236-992-8989
🌐 www.tarakennedy.ca
📍 Serving Coquitlam, Port Coquitlam, Port Moody & surrounding areas

#CanadaDay #July1st #CanadianPride #TrueNorthStrongAndFree #CelebrateCanada #MapleLeafForever #CanadianHistory #OhCanada #ProudToBeCanadian #ILoveMyCountry

A highly anticipated development proposal that would have brought over 1,750 new homes to the quiet village of Anmore has been officially withdrawn—just one hour before its scheduled public hearing.

The project by Icona Properties would have spanned more than 150 acres, introducing duplexes, townhomes, and apartments that could have tripled the local population over time. While some saw it as a necessary evolution to support housing diversity, the vast majority of public feedback focused on serious concerns:

• Traffic congestion and limited evacuation routes

• Overstretched infrastructure and schools

• Environmental degradation and loss of Anmore’s rural charm

• A lack of reliable public transit access

Some residents did support the plan, citing the need for options beyond single-family homes—especially for downsizing families and young adults who grew up in the area.

Now that the application has been withdrawn, the project is considered off the table. However, Anmore’s future development remains a key topic of interest and conversation.

💬 If you have questions about buying or selling in Anmore or the Tri-Cities—or just want to stay informed—reach out any time!

Tara Kennedy
📧 TaraKennedySells@gmail.com
📱 236-992-8989

#AnmoreRealEstate #TriCitiesHomes #BCRealEstateUpdate #PortMoodyLiving #SmartGrowth #PreserveAnmore #HousingCrisisBC #TaraKennedyRealtor #AnmoreVillage #LocalMarketUpdate #CommunityPlanning #Anmore #IconaProperties

Happy First Day of Summer! ☀️🌸
This year, summer begins on June 20, and you might be wondering — isn't that a little early?

Here’s why:
The summer solstice doesn’t fall on the same date every year. It occurs when the Earth’s North Pole is tilted closest to the Sun, giving us the longest day of the year in terms of daylight hours.

Because our calendar year (365 days) doesn’t perfectly align with Earth’s orbit (365.24 days), leap years and tiny time shifts push the solstice date around between June 20 and 22. In 2025, the exact moment of the solstice happens earlier, landing us with an early start to summer!

✨ What to celebrate today:

• The most daylight hours of the year

• The official kick-off to patio season

• Warm weather, vibrant gardens, and outdoor fun

Whether you’re planning a weekend hike, hitting the beach, or just enjoying a peaceful evening walk — this is your sign to get outside and enjoy it!

#FirstDayOfSummer #SummerSolstice #HelloSummer #SummerStartsNow #LongestDayOfTheYear #PortMoody#LocalLiving #CommunityVibes #CoquitlamLife #PortCoquitlamHomes #TriCitiesEvents #SeasonalTips #RealEstateAndSeasons #TaraKennedy #TricitiesRealtor #TaraKennedyRealEstate 

Metro Vancouver’s real estate industry is experiencing growing turbulence. One of its largest players, Wesgroup Properties, has confirmed significant layoffs across nearly every department. CEO Beau Jarvis called it “one of the most difficult days” in the company’s 60-year history.

The root cause: a cost-of-delivery crisis — a dangerous mix of:

• 📈 Skyrocketing construction & labour costs

• 💸 High land prices and development fees

• 📉 Depressed pre-sale demand

• 🏦 Elevated borrowing costs

• 🌍 Economic uncertainty post-pandemic

Despite exploring aggressive cost reduction strategies and selling assets to stay liquid, Wesgroup ultimately had to reduce its workforce.

“We exhausted every option. But we’re still standing — and focused on the future,” said Jarvis.

📉 Wesgroup isn’t the only one hit. Rennie, a top Vancouver real estate marketing firm, also announced layoffs this spring — reducing their team by 25%.

✅ Projects Still Moving Forward

Even amid layoffs, Wesgroup continues to push forward with key developments:

🏙 River District (Vancouver) – a massive 130-acre community featuring 10,000 homes
🚇 Inlet District (Port Moody) – 2,600 homes beside Inlet Centre SkyTrain (Phase 1 starts Fall 2025)
🍺 Brewery District (New Westminster) – 1,000 homes + 800K sq ft of commercial/retail space, nearly complete

📊 By the numbers:

• 49+ active developments

• 1,700+ homes currently under construction

• 900+ rental homes in permitting

• 390,000+ sq ft of commercial space under construction

Jarvis emphasized that the company's foundation is strong, and these layoffs are intended to preserve long-term viability, not signal retreat.

⚠️ What This Means

With multiple developers downsizing and construction starts slowing, even Vancouver City Council is acting — recently approving deferred fee payments (DCLs/CACs) to keep projects from stalling further.

Still, systemic reform is needed to avoid more fallout in BC’s real estate industry.

#Wesgroup #RennieGroup #VancouverRealEstate #InletDistrict #RiverDistrict #BreweryDistrict #PortMoodyRealEstate #MetroVancouverDevelopment #ConstructionBC #AffordableHousingCrisis #YVRPreSales #UrbanDevelopmentBC #RealEstateLayoffs #BCRealEstateTrends #HousingSupplyCrisis #VancouverHousingUpdate

Are you ready to be part of one of the world’s biggest sporting events? ⚽🌍

Vancouver is hosting 7 incredible matches for the FIFA World Cup 2026™, and FIFA is officially recruiting volunteers to help make it all happen!

This is the largest volunteer program in FIFA history, spanning one continent, three countries, and 16 host cities. Vancouver will play a central role — and YOU could be a part of it!

🧡 Why Volunteer?

Volunteers are the heartbeat of every FIFA event. You’ll get a behind-the-scenes experience, meet new people from around the world, and contribute to a historic global tournament.

📋 Here’s What You Need to Know:

• ✅ Open to anyone aged 18+

• 🗓️ Recruitment continues through summer and fall 2025

• 📬 Offers will be sent in Jan–Feb 2026

• 🎓 Training sessions will run from April to June 2026

• 🌟 Details are still rolling out, but registration is open NOW

Whether you're a diehard soccer fan or just want to be part of something bigger, this is your moment to shine!

💻 Apply Now:

Click here to register for the FIFA 2026 Volunteer Program

⚽ Let’s bring the world to Vancouver — together! 🇨🇦

#FIFAWorldCup #FIFA26 #Vancouver2026 #VolunteerWithFIFA #SoccerInCanada #FIFAVolunteers #GlobalEvent #FIFA2026Volunteer #BCPlace #TeamVancouver #MakeHistory

The Greater Vancouver real estate market continues to evolve, and May 2025 was no exception. According to the Greater Vancouver REALTORS®, we’ve reached the highest inventory levels in 10 years, while sales remain muted — creating a favorable environment for buyers.

📊 Key Stats for May 2025:

• Total Sales: 2,228 homes (⬇️18.5% from May 2024)

• New Listings: 6,620 (⬆️3.9% YoY)

• Active Listings: 17,094 (⬆️25.7% YoY)

• Benchmark Price (All Properties): $1,177,100 (⬇️2.9% YoY)

• Sales-to-Active Listings Ratio: 13.4%

  • Detached: 10.2%

  • Attached: 17.4%

  • Apartments: 14.7%

🔎 What Does This Mean?

• We're firmly in a balanced-to-buyer’s market, especially in the detached sector.

• Many sellers are adjusting their prices, giving buyers more leverage.

• Despite a slower-than-usual spring, we may be heading toward a surprisingly active summer market as buyer confidence returns.

This may be the perfect opportunity to explore your options whether you’re buying, selling, or investing. The market is shifting—let’s make it work in your favour.

📲 Ready to talk strategy or curious what your home is worth in today’s market?

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

#MetroVancouverRealEstate #TriCitiesMarketUpdate #HomeBuying2025 #SellerTips #BuyerFriendlyMarket #CoquitlamRealtor #PortMoodyHomes #TaraKennedyRealtor

Tonight marks a monumental moment in Canadian hockey — the Edmonton Oilers face off against the Florida Panthers in Game 1 of the 2025 Stanley Cup Final at Rogers Place in Edmonton. It’s a rematch of last year’s intense seven-game series and another shot for the Oilers to bring the Stanley Cup back to Canadian soil for the first time since 1993. We want the Cup — and the whole country is watching.

🏒 Game 1 Preview

The Florida Panthers return as the defending champions, boasting a disciplined roster and strong playoff experience. With a core led by captain Aleksander Barkov and goaltender Sergei Bobrovsky, they’ve proven they can handle the pressure.

But this isn’t the same Oilers team they faced last year.

Edmonton enters the series red hot. Captain Connor McDavid has been an absolute force, leading the playoffs in points and electrifying fans with every shift. Leon Draisaitl, Zach Hyman, and Evan Bouchard have also delivered standout performances. And let’s not overlook goaltender Stuart Skinner, whose calm presence and timely saves have helped propel the Oilers through a challenging postseason.

Game 1 is more than just a series opener — it’s a statement opportunity for the Oilers on home ice.

🔥 Canadian Stars to Watch

• Connor McDavid (EDM) – The heartbeat of the Oilers, McDavid has been unstoppable this postseason. His leadership and drive to win are unmatched.

• Leon Draisaitl (EDM) – Consistently dominant in the playoffs, Draisaitl's offensive firepower is a game-changer.

• Stuart Skinner (EDM) – The Alberta-born goalie has answered every challenge this spring. A strong performance from Skinner could tilt the series.

🇨🇦 A Nation’s Dream

It’s been over three decades since a Canadian team last lifted Lord Stanley’s Cup. From coast to coast, fans are donning their jerseys, crowding into bars, hosting watch parties, and daring to dream again. Edmonton has become more than a city in this series — it’s the heartbeat of a hockey nation.

As puck drop nears, one thing is clear: Canada is all-in.

📅 What’s Next?

Game 1 takes place tonight in Edmonton. It’s the first step in what promises to be a fast, physical, and emotionally charged series. Win or lose, expect both teams to bring playoff intensity from the first shift to the final whistle.

🗣️ Let’s Go Oilers!

No matter where you are in Canada — from St. John’s to Vancouver — rally behind the blue and orange. Cheer loud, wear your pride, and stay hopeful.

This could be the year.

We want the Cup! 🇨🇦🏆

#StanleyCupFinal, #LetsGoOilers, #WeWantTheCup, #OilersNation, #EdmontonOilers, #CanadaProud, #HockeyNightInCanada, #PlayoffHockey, #StanleyCup2025, #McDavidMagic, #GoOilersGo, #CanadianHockey, #ChasingTheCup, #OilersVsPanthers, #NHLPlayoffs

On June 4, 2025, the Bank of Canada (BoC) announced it is holding the overnight rate steady at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. This marks the second consecutive rate hold following a series of cuts throughout 2024 that were implemented to stabilize the economy after a period of elevated inflation.

But what does this mean for you as a homeowner, buyer, or seller? Let’s break it down.

🧩 Economic Highlights

1. A Mixed Growth Picture
Canada's economy grew by 2.2% in Q1 2025, slightly above expectations. This was driven mainly by strong exports and businesses stocking up inventory—likely to get ahead of ongoing global trade tensions.

However, the Bank expects weaker growth in Q2, as the temporary boost from exports fades and domestic demand remains soft.

2. Inflation in Flux
While the elimination of the federal carbon tax helped pull headline inflation down to 1.7%, core inflation (excluding taxes and volatile items) ticked up to 2.3%, slightly above the BoC’s comfort zone.

This upward pressure is largely due to businesses adjusting prices in response to ongoing tariff-related cost increases, particularly those tied to U.S. trade actions.

3. Labour Market Softening
Unemployment has risen to 6.9%, especially in trade-sensitive sectors like manufacturing and logistics. Consumer confidence has dipped, though household spending remains relatively stable.

🌍 Global Uncertainty Still in the Driver’s Seat

The BoC highlighted uncertainty around U.S. trade policy—especially shifting tariffs—as a major reason for pausing rate adjustments. The potential impact on Canadian exports, business investment, and inflation expectations remains top of mind for policymakers.

The Bank also noted global volatility, including a slowdown in China, fluctuations in oil prices, and changes to defence spending in Europe. All of these have ripple effects on Canada's economy.

🏡 What Does This Mean for Real Estate?

While interest rates didn’t move this round, the current environment presents an opportunity for buyers and sellers to reassess their plans:

• Buyers: A stable interest rate means predictability. If you’ve been on the fence, now may be the right time to get pre-approved and explore your options.

• Sellers: Although the economy is cooling, well-priced homes are still moving. Strategic pricing and strong marketing are more important than ever.

• Investors: With borrowing costs holding, it may be a good time to evaluate long-term opportunities, especially in areas with strong rental demand.

🔮 What’s Next?

The next Bank of Canada announcement is scheduled for July 30, 2025. Until then, the Bank will closely monitor:

• Inflationary trends

• Global trade developments

• Labour market data

• Consumer spending and business investment

Any significant changes could impact the timing of future rate cuts—or signal a shift in direction altogether.

🗝️ Let’s Talk Strategy

Navigating a shifting market takes knowledge, timing, and the right plan. Whether you're thinking about buying, selling, or just curious how today’s trends impact you, I’m here to help you make sense of it all.

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

#BankOfCanada #InterestRates #RealEstateMarket #TriCitiesRealEstate #TaraKennedySellsHomes #PortCoquitlamRealtor #MarketUpdate #MetroVancouverHomes #RealEstateTips #StayInformed

The Metro Vancouver land market is sending a clear message: developers are cautious, distressed land sales are rising, and the cost of building homes is higher than ever. Behind the scenes, one of the biggest culprits is something many buyers and sellers never see—government red tape and development-related fees that are quietly crushing housing supply.

Despite strong underlying demand, developers are pulling back. The data from Q1 2025 shows a sobering picture:

📉 Distressed Sales Are Becoming the Norm

According to a report from Avison Young, 22% of land transactions over $5 million in early 2025 were court-ordered—a significant jump from 10% during the same period in 2024. These sales are resetting land values across Metro Vancouver, offering lower price points—but even those aren’t enough to spark new construction.

Why? Because the development math just doesn’t work anymore.

💰 The True Cost of Development Is Shocking

Colliers’ EVP Casey Weeks shared a striking example: a 1.4-acre site in Burnaby was bought for $30 million, but the developer had to pay $42.5 million in fees—more than the land itself. These fees include:

• Municipal and regional development cost charges (DCCs)

• Amenity contributions

• Permitting, servicing, and approval costs

• And a long list of other layered government fees

Weeks summarized the situation bluntly:

“Upper levels of government need to take a hard look at this. Not enough homes will be built to catch up to the lack of supply.”

🚧 The Impact of Red Tape Under the NDP Government

The BC NDP government has publicly committed to solving the housing crisis, but many industry experts argue that the policies being implemented are doing the opposite.

Instead of clearing the path for more homes, developers face:

• Inconsistent municipal regulations

• Long delays in permitting

• Ever-rising government fees

• A complex, bureaucratic process that drains resources and time

While headlines promote bold housing targets, the reality on the ground is that many projects are being shelved due to lack of feasibility. Developers can’t move forward if the costs are unpredictable and the policy environment keeps shifting.

🏘️ Demand Is There, But Projects Aren’t Launching

Even with townhomes in places like Surrey and Langley now priced around $900,000 (down from $1.2 million just a few years ago), pre-sale absorption rates are sluggish. Developers can’t secure financing without a strong sales pace, and the higher interest rate environment isn’t helping.

In the Fraser Valley, land sales are down more than 80% from two years ago, according to Varing Marketing Group. That drop reflects developers’ hesitancy to acquire new land without knowing if the economics will work in their favour.

🚀 Some Are Still Moving – But Only in Prime Locations

Some developers are forging ahead in key areas. Polygon Homes recently purchased a high-profile site at Cambie and West 41st with plans for a 31-storey mixed-use tower—but this kind of risk-taking is rare and generally limited to sites near transit and core urban centres.

🔚 Final Thoughts: We Need Policy That Supports, Not Stalls

The housing crisis can’t be solved by market forces alone. Developers want to build, but they’re hitting a wall of fees, delays, and uncertainty—much of it tied directly to provincial and municipal policy.

If the current government, especially the BC NDP, truly wants to improve housing affordability, it must address the crushing costs and bureaucratic gridlock that are stalling supply. Reducing red tape and reforming fee structures isn’t just good policy—it’s essential if we’re going to build enough homes for the future.

Thinking of buying, selling, or investing in Metro Vancouver or the Tri-Cities? Let’s connect. I’m here to help you navigate this ever-changing real estate landscape with experience and insight.

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

#MetroVancouverRealEstate #LandDevelopment #HousingCrisisBC #RedTape #BCNDP #VancouverHousingMarket #RealEstateNews #DeveloperChallenges #DevelopmentFees #TriCitiesRealEstate #BurnabyRealEstate #VancouverPreSales #PermitDelays #HousingPolicy #TaraKennedyRealtor #RealEstateExpertBC

Let’s Go Whitecaps! 💙🤍

The wait is over. The moment we've all been dreaming about is finally here.
Tonight, Whitecaps FC take the pitch in the Concacaf Champions Cup Final against Cruz Azul — and it’s more than just a match. It's history in the making.

From the first whistle of the tournament to now, it's been a journey of grit, belief, and world-class performances. The climb to the top hasn't been easy, but this team has shown time and time again what it means to fight for every moment.

⭐ The biggest stage.

⭐ The biggest night.

⭐ The chance to bring a continental title home to Vancouver. 🇨🇦🍁

This is the final step. The peak of the climb. The match that could define an era.

Whether you’re cheering from home or in the stands, this is our night. Let’s finish the climb together. Let’s make history.

🗓 Match Day: Sunday, June 1
🕕 Kickoff: 6:00 p.m. PT
📺 Watch: OneSoccer, FuboTV, TELUS Channel 980
🎧 Listen: 730 CKNW, 101.1 HD3

🎥 Watch the Final on OneSoccer

Can’t miss this one? We’ve partnered with OneSoccer to bring fans a special one-month pass for just $9.99 — use code CONCACAF2025 and catch every second of the action.

Let’s rally behind our city.

Let’s back the boys.
Let’s make history.

#VWFC #WhitecapsFC #ClimbToTheCup #CONCACAFChampionsCup #VamosCaps #ForVancouver #CruzAzul #ChampionsCupFinal #SoccerHistory #MakeHistory #MatchDay #WeAreWhitecaps #CanadianSoccer

If you own a home in Coquitlam, Port Coquitlam, or Port Moody, you’ve likely received your property tax notice and may be wondering what the different totals mean, whether you're eligible for a grant, or how to avoid late penalties.

This comprehensive guide covers:

• What your tax bill includes

• Who qualifies for the Home Owner Grant

• How to apply (and when!)

• Pre-authorized monthly payment options

• Differences across the Tri-Cities and Metro Vancouver

🧾 What Do Your Property Taxes Pay For?

Your property taxes fund key local services such as:

• Public schools

• Police and fire protection

• Waste collection and water services

• Parks, recreation, and libraries

• Road and infrastructure maintenance

Each municipality calculates their portion, and your bill may also include levies for TransLink, Metro Vancouver, and BC Assessment.

💡 Breaking Down Your Tax Notice

Your bill typically shows three total amounts:

1. No Grant (Full Amount): What you pay if you don’t apply for a grant

2. Basic Grant Applied: Amount after the standard Home Owner Grant

3. Additional Grant Applied: Amount after the senior or disability grant

Important: Grants are not applied automatically. You must apply each year, even if you've received them before.

✅ Home Owner Grants: Who Can Apply?

Basic Home Owner Grant

Reduces your taxes by up to $570
To qualify, you must:

• Live in the home as your principal residence

• Be a Canadian citizen or permanent resident

• Have a property with an assessed value under $2.15 million (2024 threshold)

Additional Grant (Seniors, Disability, Veterans)

Reduces your taxes by up to $845
You may qualify if you:

• Are 65 or older

• Have a disability or receive disability assistance

• Are a veteran or surviving spouse receiving federal benefits

📝 How to Apply for the Home Owner Grant

You now apply directly through the BC government, not your local city.

🔗 Apply online: gov.bc.ca/homeownergrant

You’ll need:

• Your jurisdiction number and roll number (from your tax notice)

• Your SIN (if applying for the additional grant)

📞 Prefer to call? Reach out to BC Grant Services: 1-888-355-2700

🗓️ Property Tax Due Date: July 2, 2025

Across the Tri-Cities, property taxes are due by July 2, 2025.
This includes:

• Coquitlam

• Port Coquitlam

• Port Moody

⚠️ A penalty (usually 5%) will be applied to any unpaid amount after the due date — including if you forget to apply for the Home Owner Grant.

💳 Monthly Payment Options to Simplify Budgeting

Looking to avoid a large lump-sum payment in July? Consider enrolling in your local municipality’s Pre-Authorized Payment Plan. This allows you to spread your property tax bill into monthly installments, making it easier to manage your household budget throughout the year.

Explore the programs available in your community:

• Port Coquitlam: Port Coquitlam Pre-Authorized Plan

• Coquitlam: Coquitlam Monthly Payment Program

• Port Moody: Port Moody Property Tax Pre-Authorized Payment

These plans are an excellent option for homeowners who prefer consistent monthly payments over an annual lump sum.

🧓 What About Tax Deferment?

If you are:

• 55+

• A surviving spouse

• A person with a disability

…you may qualify to defer your property taxes through the BC Property Tax Deferment Program.

🔗 Learn more: gov.bc.ca/propertytaxdeferment

🌍 Is It the Same in Metro Vancouver?

Yes — although rates and penalties vary slightly, the Home Owner Grant, tax deferment, and pre-authorized monthly payment options apply across the entire Metro Vancouver region, including:

• Burnaby

• Surrey

• Vancouver

• New Westminster

• Richmond
  …and others.

Always check your city’s website for exact local rates, due dates, and payment options.

👋 Have Questions?

Whether you're a first-time homeowner or a long-time resident, navigating property taxes can be confusing. If you’d like help reviewing your tax notice or applying for grants, I’m just a call or message away.

📌 Quick Recap

✔️ Check your bill for grant eligibility
✔️ Apply for the grant before July 2
✔️ Consider monthly payment plans or deferment if eligible
✔️ Don’t risk late penalties

✨ Tara Kennedy

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

#TriCitiesRealEstate #MetroVancouverHomes #PropertyTaxTips #HomeOwnerGrantBC
#PortCoquitlamRealEstate #CoquitlamLiving #PortMoodyHomes #BCRealtor #HomeOwnerHelp
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