BC Budget 2018 changes to Property Transfer Tax that come into effect on February 21, 2018

(February 21, 2018, posted in Government News)

Below is a summary of the key real estate measures announced.

Affordable housing
  • The province is investing $6 billion in affordable housing to create 114,000 homes over the next 10 years.
  • The province will enhance local government capacity to build and retain affordable housing.
  • The province will require developers to collect and report comprehensive information about the assignment of pre-sale condo... read more.

BC Legalizing Marijuana  - New Rule Changes coming in effect soon....

(February 06, 2018)

Global TV recently aired that the Province of BC is going to soon allow 4 marijuana plants to be legally grown per household by adults over the age of 19. The problem with home cultivation is it raises concerns for myself as a REALTOR® and is begging the question how is our current real estate legislation and mortgage financing going to be affected?

As it sits, for years we as REALTORS® have been i... read more.

Stop being a renter, get  a kick start to the new year!

(January 01, 2018, posted in Buyers)

Some of the advantages of home ownership over renting are:
  • Home price values generally rise over time. You can make money from equity of the home you own faster than you could to save that money in the bank! Rent just goes out the door and makes the landlord rich.
  • You have freedom to paint and renovate it the way you want by adding your own touches. Most landlords wont allow you to even paint a diff... read more.

2017-07 July - Greater Vancouver Real Estate Board Statistics 

(August 18, 2017)

Metro Vancouver sees fewer home sales and more listings in July...

Home buyer activity returned to more typical summer levels in Metro Vancouver last month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to... read more.

2017-07 July - Fraser Valley Real Estate Board Statistics  

(August 04, 2017)

Fraser Valley home sales still strong despite summer slowdown

Sales activity remained strong in July, despite month-over-month decreases for each of the three major residential property types. This was the sixth strongest July historically for the Fraser Valley Real Estate Board. The Fraser Valley Real Estate Board processed 1,937 sales of all property types on its Multiple Listing Service® (MLS®... read more.