(February 27, 2017)
Last week, I had the privilege to listen to Robyn Adamache from Canada Mortgage and Housing Corporation (CMHC) and Michael Ferreira from Urban Analytics at a Real Estate Board of Greater Vancouver (REBGV) education breakfast. The focus of the event was to review what is happening in the Vancouver real estate market and predictions on what we can expect in the future.
(May 03, 2016)
Last month was the highest selling April on record for Metro Vancouver.
Residential property sales in the region totalled 4,781 in April 2016, an increase of 14.4 per cent from the 4,179 sales recorded in April 2015 and a decrease of 7.6 per cent compared to March 2016 when 5,173 homes sold.
April sales were 41.7 per cent above the 10-year sales average for the month. “Home buyer competition remains... read more
(February 16, 2016)
BC Budget 2016 – the impact on You
The BC government introduced its 2016 budget today.
The budget included a number of items intended to affect affordability and availability in the Lower Mainland’s housing market.
Here’s a summary:
Property Transfer Tax (PTT)
• a New Housing exemption will apply to newly built homes or newly subdivided units priced up to $750,000, saving buyers up to $13,000; and