Blog by Carol Lee
April 15th, 2014
Effective February 19, 2014, the new threshold for the First-Time Home Buyers’ Exemption to the PTT is $475,000, with a partial exemption for homes priced between $475,000 and $500,000. Click here to view the updated PTT fact sheet.
Posted in
Real Estate News
January 4th, 2012
December 2011 Stats
Balanced real estate market prevailed through much of 2011
The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartmen ...
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Real Estate News
March 26th, 2011
Mortgage Tips by Jerry Sims
HST and HST Rebates
Just thought I would pass along some (hopefully) useful information that I just received from one of the law firms that I deal with. The material deals with the HST and HST rebates relating to the purchase of new housing.
The HST
The government of B.C. implemented the HST on July 1, 2010. The HST consists of the combination of the 7% PS ...
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Real Estate News
May 4th, 2009
Buyer activity brings greater stability to the housing market
VANCOUVER, B.C. – May 4, 2009 – With more buyers and fewer homes for sale in recent months, the Greater Vancouver housing market has entered a more moderate and balanced state.
For the sixth consecutive month, new listings for detached, attached and apartment properties declined in Greater Vancouver, down 33.7 per c ...
Posted in
Real Estate News
January 18th, 2009
Soft landing seen for Canada's housing market
June 23, 2008
The real estate market appears poised for a soft landing rather than a crash, in a cooling trend the Bank of Canada says is both "expected and welcome."
Sheryl Kennedy, the central bank's deputy governor, said Canada's financial prudence has helped it sideste ...
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Real Estate News