Category Archives: BC Real Estate

HST Drop Helps with Transitional Period

Under the new regulations, the provincial portion of the HST paid on all new homes will be going down to just two percent.  This will be the case at least for all new homes under $850,000. The building industry is … Continue reading

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Price Slippage in Greater Vancouver and Fraser Valley

Recent reports suggest that while Vancouver isn’t slated for any major correction in the market, there has been some decrease in the average price of homes for sale Vancouver. Around the province some areas saw increased activity, though greater Vancouver … Continue reading

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New Transitional HST/PST Housing Regulations

With the provincial transition from the HST back to the PST approaching in April 2013, the government has announced some new provisional regulations.  The measures are designed to lessen the burden of the HST for home buyers. The measures include … Continue reading

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No Correction Estimated for Vancouver Market

While Canadian banks are tightening their lending belts and a correction in the market is predicted for the country, many realtors Vancouver are suggesting Vancouver will not see much if any of a correction. Experts agree that Vancouver isn’t likely … Continue reading

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The Latest in Home Flooring

Well you might have thought that you’d heard it all when it came to new materials for flooring, but the Blue Grouse Wine Cellars based in North Vancouver has come up with yet another vinyl flooring installation.  The Blue Grouse … Continue reading

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Urban Area Housing starts up from December

A recent report released by Canada’s Mortgage and Housing Corporation confirms that housing starts in B.C. are up from December.  January starts in urban areas were up by twenty-eight percent in the province during the month compared to the closing … Continue reading

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Call for New Rental Housing Developments and Upgrades

Canadian municipalities are asking Ottawa to support the development of the rental market.  According to recent reports, there has been a severe lack of new Rent Villas in the past number of years. While research shows that one third of … Continue reading

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Provincial Real Estate Prices Decline

According to the latest reports, Canada’s housing market is slowing down.  However unlike the tragedy that hit the U.S. market with the subprime mortgage crisis that begun in 2008, Canada’s market decline is much less catastrophic. In Vancouver however, some … Continue reading

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Prices for New Homes Rise outside Vancouver

According to the latest statistics, the prices for new homes continue to rise except for in the priciest market of Vancouver homes for sale.  The 0.3 percent increase was stronger than was anticipated by realtors Vancouver and other experts.  The … Continue reading

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Variation in Vancouver Property Assessments

The property assessments for this year in Vancouver are going to show some fairly wide variations.  According to reports, some regions will see a rise in their assessment notices while others will see the assessed value of their properties go … Continue reading

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BC Housing Sales Almost Unchanged

The fall of 2011 showed basically an unchanged rate of housing sales compared to the previous year.  According to the British Columbia Real Estate Association, November of 2011 looked a good deal the same as November of 2010. Across the … Continue reading

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Great Views on New Development Draw Early Investors

The new development being built on the Fraser River has already drawn investors in though the building hasn’t yet begun.  The Richmond Park Riviera sales were launched on October 22 2011. The project is in the first phase of development … Continue reading

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Buying a Vancouver Condo: some things to consider

Buying your first place used to mean buying a full sized home. In fact, back in the 1980s, only about 4% of homeowners lived in condos. By 2006 this number had moved up to 11%. Today, about fifteen percent of … Continue reading

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Canadian House Sales Pick Up Steam

While homes for sale in Vancouver are leveling off, in other areas of the country they have picked up steam.  This upward trend has been particularly noticeable in the Toronto area. We looked at several residential homes for sale in … Continue reading

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Stable Housing Sales in BC

The month of August saw stable home sales rates in the province of British Columbia.  An active listings segment continued to be balanced out by low mortgage rates, leaving the market relatively stable. The latest figures released from the province … Continue reading

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Building Permits in Metro Vancouver Way Up

According to recent findings, the value of permits issues for building in Metro Vancouver have gone up by an enormous forty-two percent from May to June.  This increase comes almost wholly from permits issued for residential multi-family dwellings. Statistics Canada … Continue reading

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Vancouver Market Remains Balanced

Although housing prices in the metro Vancouver area continue to remain higher than ever, experts say that the market is in fact ‘balanced’.  The Conference Board of the city resale index makes it clear that neither buyers or sellers are … Continue reading

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Legal Action over Troubled Condos

Real estate expert Ozzie Jurock faces legal charges from investors who allege that Jurock and his partners failed to inform them about some rather costly deficits in their buildings.  According to recent reports, Ozzie Jurock, a very well known and … Continue reading

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Upswing in B.C. Recreational Property Market

A recent report put out by RE/Max has concluded that Canada’s recreational property sales are geared to keep rising.  According to the report, across the country an increased demand for real estate continues for single family homes. The report suggests … Continue reading

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