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Inspiration from Steveston Village

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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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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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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The first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,760 on the Multiple Listing Service® (MLS®) in January 2014. This represents a 30.3 per cent increase compared to the 1,351 sales recorded in January...

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