Blog by Carol Lee

First Time Home Buyers' Exemption to the Property Transfer Tax

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.

Dec 2011 Real Estate board Stats

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 ...

Mortgage Tips by Jerry Sims

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 ...

Buyers activity creates greater housing market stability

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 ...

Soft landing seen for Canada's housing market

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 ...

Home prices adapt to affordability demands

October 3rd, 2008
http://leecarol.ca UA-3159409-1