Jeff  van de Bennet

Jeff van de Bennet

Associate Broker

Century 21 Foothills South Real Estate

(403) 795-8675
(403) 394-7721
Email Me

Jeff van de Bennet's blog

July 2023 MLS Sales Stats Lethbridge

In July, we saw solid overall sales numbers. Sales volume was up 5% compared to July last year and total listings are down 20%. 

The Prime Rate is currently holding at 7.2%. Although this represents the highest rate in 22 years, we still expect a strong summer and fall market here in Lethbridge and area,

due in large part to the affordability advantages that we continue to enjoy in this region.

Lethbridge... The Sunshine City That Has Something For Everyone

Lethbridge, AB, is a hidden gem in Sunny Southern, AB. Canada
that offers an abundance of reasons why people should consider moving there.
From a thriving economy to a robust cultural scene,
Lethbridge has everything you need to start a new chapter in your life.
Below are five reasons why you should move to Lethbridge.

Anti-Flipping Tax

On January 1st 2023, there were two new pieces of legislation put into law.

The Anti-Flipping Tax on Residential Home Purchases.

Homeowners will be forced to keep their homes for a minimum of 12 MONTHS if they wish to use the primary residence tax exemption.

Prohibition on Purchase of Residential Property by Non-Canadians Act

Prohibition on Residential Property Purchases by non-Canadians for 2 YEARS. There is a potential $10,000 fine for any non-Canadian or anyone who assists in violating this Act.

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