January 2017 Market Stats
Home sales and listings trends are below long-term averages in the Metro Vancouver* housing market. This is due largely to reduced activity in the detached home market. Residential property sales in the region totalled 1,523 in January 2017, a 39.5 per cent decrease from the 2,519 sales recorded in January 2016 and an 11.1 per […]
Read MoreFive Things You Should Know About Your 2017 Property Assessment
Now that you have your 2017 property assessments in hand you may have questions about how those values soared so high – Single-family homeowners typically saw increases of 30-50% – and what to do if you disagree with the results. Below are five things you should know about your property assessment and how to dispute what […]
Read MoreDecember 2016 Market Stats
Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014. “It was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low […]
Read MoreBC Government Set to Assist First-Time Home Buyers
Christy Clark has just announced the details regarding a home owners down payment matching program coming January 2017 to help our first time buyers. Under the program, the BC Government will match down payment funds for eligible first-time buyers up to $37,500 with a 25-year term second mortgage. Am I eligible? Buyers much be pre-qualifed […]
Read MoreNovember 2016 Market Stats
“While 2016 has been anything but a normal year for the Metro Vancouver housing market, supply and demand totals have returned to more historically normal levels over the last few months” Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October […]
Read MoreWill Your Non-Principal Residence Be Unoccupied for More than 6 Months?
Vancouver will have an Empty Homes Tax in place, effective January 1, 2017, with staff reporting on the Tax’s next steps to Council on Tuesday. Targeting the known 10,800 year-round empty and roughly 10,000 more under-occupied homes in Vancouver, staff are recommending that all non-principal residences (except those qualifying for an exemption) which are unoccupied […]
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