RSS

I am pleased to say that I am now a proud supporter of the Royal Lepage Shelter Foundation.

If you have never heard of the Royal Lepage Shelter Foundation, allow me to take a moment to give you a bit of information on this amazing foundation created by Royal LePage in 1998, which helps women and children find safety from domestic abuse.  Since its founding, the Royal LePage Shelter Foundation has grown to become the largest public foundation in Canada dedicated exclusively to funding women’s shelters and domestic violence prevention. Royal LePage is the only Canadian real estate company with its own charitable foundation.The Shelter Foundation has raised over $46 million to-date and currently supports 200 local women’s shelters and national partners.  

When attending the 2024 Royal Lepage National Sales Conference in Calgary, I was able to attend the Shelter Foundation silent auction and witness all of the incredible donations pour in.  I was inspired to get involved, and immediately signed up to be a donor.  I am happy to say that I now donate a portion of my commission from every home sold.  As Royal Lepage says, a house is only a home if the people who live there feel safe, and I completely agree.

If you’d like more information on this program, or to ask how you can get involved - get in touch.

Read

July Market Update 📈

*These stats are for residential sales in Kimberley during the month of June*

Would you like to talk real estate?
Are you considering selling and buying a new home?
Are you finally ready to buy your first home?

I am taking new clients and would be happy to help you.

📱(250)908-7707
📧mfendelander@gmail.com


#michellefendelanderrealtor #michellefendelanderrealestate #buyandsellwithmichelle #MFrealestate #MFRealtor #kimberleybc #agoodplacetobe #kimberleybcrealestate #kimberleybcrealtor #buyandsellwithmichelle #cranbrookbc #cranbrookbcrealtor #kootenayliving #kootenaylifestyle #mountainliving #mountainlifestyle

Read

“Fly Over the East Kootenays” - Local area virtual tour by Aaron Butcher of Horizon 360 Media

Aaron Butcher, owner/operator of Horizon 360 Media has created an amazing virtual tour of the Kimberley/Cranbrook region (and the area in between).  He has kindly given permission for me to share this on my site, as I think this is an incredible tool for non-locals considering moving to the area, to familiarize themselves with what we have to offer.

Take the tour: Fly Over the East Kootenays

Check out his website.  Horizon 360 Media 

Read

NEW - BC Home Flipping Tax!

The proposed BC home flipping tax applies to income you realize from the sale of properties in British Columbia if you have owned them for less than 2 years.

The tax, which is subject to legislative approval, is separate and distinct from the federal property flipping rules and is not harmonized or administered with the federal or B.C. income tax.

Overview

The BC home flipping tax will apply to income from B.C. properties sold on or after January 1, 2025. Income from property purchased before the tax’s effective date may be subject to the new tax if sold on or after January 1, 2025 if the property is sold within 2 years, unless an exemption applies.

As previously announced in British Columbia’s Homes For People plan, the intention of the tax is to discourage short-term holding of property for profit.

How the tax will work

The BC home flipping tax will apply to income from the sale of property that was owned for less than 2 years.

The tax rate will be highest for those who owned properties for the shortest period and will decline the longer the property is owned. The tax rate will be 20 percent for income earned from properties sold within 365 days of purchase and will decline to zero between 366 and 730 days.

You may be exempt from paying tax on income earned from the sale of your property if you are eligible for an exemption.   

Who will be subject to the tax

If you sell your property on or after January 1, 2025, income earned from the sale of your property may be subject to the new tax if the property was purchased less than 2 years prior. Whether income earned from the sale of your property is subject to the tax depends on when you purchased the property.

Examples:

  • If you purchased a property on May 1, 2023 and sold the property on January 31, 2025, income you earn from the sale of the property would be taxable.

  • If you decide not to sell a property until June 1, 2025, then income you earn from the sale of the property would not be subject to the tax.

Note: The seller of the property may be a B.C. resident or a resident anywhere else in the world.

Exemptions

You may be eligible for exemptions if there are life circumstances that motivated the sale of a property within 2 years, such as:

  • Separation or divorce

  • Death

  • Disability or illness

  • Relocation for work

  • Involuntary job loss

  • Change in household membership

  • Personal safety

  • Insolvency

If you sell your primary residence within 2 years of purchase, you may also be able to exclude up to $20,000 when calculating your taxable income.

The purpose of this tax is to support housing supply, not impede it. Exemptions will be provided for those who add to the housing supply or engage in construction and real estate development.

The above information does not reflect an exhaustive list of the exemptions that will be included in this new tax. More information on these exemptions and others will be provided in the future.

Relevant properties

The tax will apply to income earned from the sale of:

  • Properties with a housing unit

  • Properties zoned for residential use

  • The right to acquire the above properties, such as the assignment of a purchase contract 

The tax will include special rules for properties, or portions of properties, that have non-residential purposes.

Income earned from the sale of properties located on reserve lands, treaty lands and lands of self-governing Indigenous Nations will not be subject to this tax.

Ministry of Finance. BC Home Flipping Tax - Province of British Columbia. 22 Feb. 2024, www2.gov.bc.ca/gov/content/taxes/income-taxes/bc-home-flipping-tax#exemptions.

Read

I started a YouTube channel 🎬

I will be posting and updating often, so make sure to subscribe so that you don’t miss anything! Videos to feature Kimberley real estate, Cranbrook real estate, and with more surprises to come.

Click here to subscribe.

Read

Awards Day 🏆

Reminiscing on another wonderful year in real estate which was full of new clients, selling great properties, and doing what I love.

I am proud of what I accomplished for myself and my clients this past year. Despite having to step away for a few months hiatus due to the loss of my Mother, I was still able to improve my services and have a more abundant year than last.

Thank you to all of my clients for your continued support. If you're looking for an agent that truly cares, and will work hard for you; lets connect.

Read

JANUARY MARKET UPDATE - Kimberley, single family homes.

These stats are for single family homes, within Kimberley.
Here is how January stacked up compared to the month prior:

👉🏼11 homes were newly listed vs. 5 new listings to market in December.
👉🏼There were 30 active listings, compared to the 26 we had in December.
👉🏼4 homes were sold during the month of January, down 1 from the 5 which were sold in December.
👉🏼The average sales price took a leap to $673,425. In December of 2023, the average sales price was $534,300
👉🏼List to sold price remained consistent at approximately 93%
👉🏼 Average days on market increased from 77 to 101.

Right now we have plenty of buyers looking for homes to buy, and no inventory to sell them. This can be a great time to list your home for sale, as there is less inventory for your home to compete against.  If you are worried about selling, only to have to find a home afterwards; well, we have creative solutions for this.  Whether you’re an experienced buyer/seller, or this is all new to you, I am happy to help walk you through the process with as much assistance as is comfortable for you.

If you'd like to discuss buying or selling, strategy for doing so, the market in general - give me a call, send me a text or an email.
Lets chat real estate 🏡☕️

Read
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.