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Inspiration from Steveston Village

Wednesday, April 2, 2014

March 2014 Stats: Home sale and listing activity continue to chart a steady path for the regional housing market

March home sales in Greater Vancouver outpaced last year’s total yet lagged the region’s historical average for the month.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service® (MLS®) in March 2014. This represents a 12.5 per cent increase compared to the 2,347 sales recorded in March 2013,...

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Tuesday, March 4, 2014

Feb 2014 Stats - Home sales and listings continue to follow historical averages

In the first two months of 2014, the Greater Vancouver housing market has maintained the steady pace set throughout 2013.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,530 on the Multiple Listing Service® (MLS®) in February 2014. This represents a 40.8 per cent increase compared to the 1,797 sales recorded in February...

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Friday, February 28, 2014

New B.C. strata rules mean simple majority can approve repairs

Owners of condos and apartments will more easily be able to vote for major repairs to their buildings under changes to strata legislation introduced by the B.C. government.

BY ROB SHAW, VANCOUVER SUN FEBRUARY 26, 2014

 

Owners of condos and apartments will more easily be able to vote for major repairs to their buildings under changes to strata legislation introduced by the B.C. government Feb. 26.

 

The new strata rules will allow condo associations to vote to spend contingency funds for fixes recommended in depreciation reports using a simple majority, and not...

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Tuesday, February 18, 2014

Property Transfer Tax exemption limit for first-time buyers raised by $50,000

Effective February 19, 2014, the limit for a first time buyer’s exemption to the Property Transfer Tax has been raised by $50,000.

 

Property Transfer Tax applies to the sale and transfer of all real property in British Columbia, at a rate of 1% of the first $200,000 and 2% of anything above $200,000.  It’s an evil tax grab that we’ve all but gotten used to having to pay in BC and a tax that...

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Friday, February 7, 2014

Commentators say that housing affordability is eroding. Are they right?

The real estate market in Greater Vancouver ended 2013 in positive territory with indications of optimism for 2014 – except for first-time buyers.

 

Trade-up buyers may have ended the year in an ebullient mood, but first-time buyers had less to celebrate, with affordability issues top of mind. Do the experts think there’s relief in sight? Here’s what some have said in the last few months.

 ...

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