June's Kelowna Real Estate Blog Archive

Showing posts from January 28, 2003 to January 2, 2006

January 28, 2003
FAQ: GST Rebate for (new) residential real estate - GOODS AND SERVICES TAX REBATE FOR RESIDENTIAL REAL ESTATE PRICED BETWEEN $350,000.00 AND $450,000.00 Goods and Services Tax...

February 5, 2003
FAQ: Goods and Services Tax For Purchasers of New Residential Rental Property - Amendments to the Excise Tax Act have created a new rebate for persons who are purchasing a new...

June 12, 2003
FAQ: Strata Property Act re Rental Bylaws - The rental of strata lots is governed by Part 8 of the Strata Property Act, which allows a strata corporation to regulate the rental of a residential strata...

October 20, 2003
FAQ: Strata Property Act re Pet Bylaws - Pets are quite often controversial issues when living in a strata complex. The Strata Property Act leaves the regulation of pets to the Standard Bylaws found...

October 28, 2003
FAQ: Strata Property Act re Age Bylaws - Prior to the Strata Property Act, age restrictions were a source of controversy amongst owners in a strata complex. With the passing of the Strata Property...

March 8, 2004
FAQ: Title Insurance - An Explanation - Title Insurance is a form of insurance policy that protects purchasers from a number of potential risks. These risks are usually matters which are not covered...

April 29, 2004
FAQ: Non-Resident Buyers & Sellers of Real Estate - There are certain legal and accounting issues that arise when a non resident of Canada acquires or sells property in Canada. These issues are...

January 5, 2005
Proposed Increase to Home Owner Grant Threshold - “The real estate and housing boom we're seeing shows immense confidence in our economy,” said Hansen. “It's great to see so many people...

February 16, 2005
FAQ: Property Transfer Tax and First Time Home Buyers Info - The Property Transfer Tax is a tax payable to the Provincial Government by purchasers of real estate. The tax applies to all types...

March 2, 2005
FAQ: RRSP Home Buyers Plan ("HBP") - The HBP is a program that allows individuals who are first time home buyers to withdraw up to $20,000.00 from their Registered Savings Plans to buy or build a home...

March 9, 2005
Home Ownership Hits a High - Home ownership has hit a new high across North America, but rising home prices will likely halt or reverse the trend, a couple of bank reports released Tuesday predicted....

March 9, 2005
It's a Seller's Market Again - B.C. retains its dubious record of having the most expensive housing in the land, but according to data released yesterday, low interest rates still make home ownership here...

March 23, 2005
FAQ: Income Tax rules regarding your principal residence - Most individuals who sell real estate are aware that a sale of a principal residence does not attract income tax. The Income Tax...

March 24, 2005
Forecast 2005 and Beyond - CAN HOT HOUSING MARKET LAST? “Yes, it can,” according to CMHC Market Analyst Robyn Adamache. “Not the hot, hot market we’ve been seeing, with bidding wars, but a more...

April 8, 2005
FAQ: Income Tax rules regarding moving expenses - Moving expenses are often overlooked as a tax deduction in computing income. Depending on the circumstances moving expenses which are incurred to...

May 26, 2005
Sales of homes double and triple, as Canadians Buy into Homeownership en Masse - Decade in Review 1995 – 2005 highlights sales and price activity in 16 markets across the country....

August 11, 2005
Rise in House Prices Over Past Several Years a Result of Strong Economic Fundamentals - .....according to a new commentary released by the BMO Financial Group Economics...

October 1, 2005
I've finally got a blog! - Look out world..... June's pumped to blog.... I will be keeping my site up to date with the latest tidbits as they happen. Cheers from June.

October 2, 2005
North Shore Home Prices Up - For tracking housing price trends the Real Estate Board developed the housing price index (HPI). It's modeled on the consumer price index, which measures goods and services....

October 3, 2005
North Shore September Sales Strong - Real estate sale activity in North Vancouver & West Vancouver for the month of September increased above sale levels September 2004. DETACHED (house): North...

October 4, 2005
Healthy Housing Market Heading into Autumn - Greater Vancouver is experiencing a healthy real estate market heading into fall. The Real Estate Board of Greater Vancouver (RBGV) reports that sales of...

October 4, 2005
Average Bungalow Price Hits 1/2 Million - .....according to Derrick Penner/Vancouver Sun (Oct 4, 2005): The average price for a Vancouver bungalow hit almost $500,000 in the third quarter of 2005,...

October 4, 2005
Just Listed at "Park West" - Attractive new listing: 2 bedroom, 2 bath, 1180 sf all on one level at "Park West". Small three storey strata building (approx 13 owners) right in the hub of...

October 5, 2005
Housing Sales Still at Record-Setting Pace - .....from Derrick Penner/Vancouver Sun (Oct 5, 2005): Real-estate sales across the Lower Mainland to the end of September remained substantially above...

October 5, 2005
Average, Median & HPI....what is the difference? - When you're looking at home sales statistics, you'll often come across the words average, mean and median. What is the difference? MEAN is...

October 6, 2005
Vancouver #1....YES! - LONDON, England (CNN) -- Vancouver is the world's most desirable place to live, according to a new survey, while Papua New Guinea's Port Moresby is at the other end of the scale. The...

October 7, 2005
Take a break from selling or buying a home! - Halloween is just a matter of weeks away. Check the list of places to celebrate living, pick pumpkins or apples...from dwarf trees, take a hayride or...

October 8, 2005
Alternate energy source for your new or renovated home - The high prices of oil and natural gas are encouraging homeowners to look at a wider range of possibilities for reducing their reliance...

October 9, 2005
Free Vancouver tech dump for your old home or office computor - December 2005, Electronic Recycling Association (ERA) is scheduled to open it's first Vancouver Computor and Electronic Depot...

October 10, 2005
Did you know.... - .....Aoccdrnig to rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoetnt tihng is taht the frist and lsat ltteer be at the rghit...

October 11, 2005
Renovation the key to maintaining home value! - In the opinion of Canada's professional real property valuers, renovation improvements payback potential are: *Bathroom renovation.....75-100%...

October 12, 2005
Have these energy offenders in your home? - Reward offered by BC Hydro Power Smart if you turn in these energy offenders, aka halogen torchiere and holiday light string, to participating retailers for...

October 13, 2005
Stretch before raking those leaves around your home - Experts say a little preparation can let us benefit from the leave raking workout and help avoid the pain of aching backs, shoulders and...

October 14, 2005
Volunteer your time + have an adventure holiday! - Picture yourself game viewing in Kenya or mountain trekking in Nepal or exploring the ruins of Machu Picchu. To each experience, add a helping...

October 14, 2005
American Buyers Drive Up Property Values in BC - .....writes Derrick Penner/Vancouver Sun (Oct 14, 2005): Real estate has been good to Americans, so much so that many don't have to be...

October 15, 2005
Eco-savvy buyer checklist* for furniture & housewares - Consumers looking to be savvy, chic and sustainable should ask the following questions while shopping for items: What is it made of?...

October 16, 2005
Open House Oct 16th Sunday 2-4 - Your budget is max $359,000....require min 2 bdrms, insuite laundry....wish to bring "Spot"....and you would luv a WV address. Make time today to preview...

October 17, 2005
Hot Spots! - Vancouver nightlife --- you just have to know where to look: COAST 1257 Hamilton, Vanc (Yaletown) GEORGE 1137 Hamilton St, Vanc (Yaletown) LIFT 333 Menchions Mews, Vanc (at the foot of the...

October 18, 2005
Healthy Home - Cleaning your home can be cheap, no-toxic and effective. Vinegar, baking soda, lemon, borax and toothpaste are common household items found in homeowners cupboards. The following are recipes* you...

October 19, 2005
One Person's Trash* can be Another Person's Treasure! - A variety of locations around the Lower Mainland will accept items* that are no longer wanted for safe disposal or recycling: AIR...

November 2, 2005
Real Estate Sales Steady Moving into Fall - Sales of detached, attached and apartment properties increased by 13.4 per cent to 3,099 units sold in October 2005, compared to 2,734 sales in October...

November 4, 2005
Real Estate Outlook for Vancouver's Downtown! - Vancouver's co-director of planning, Larry Beasley, wants to dispel the myth that downtown is close to residential capacity, and that housing units...

November 7, 2005
"Molly" is Saving BC Homeowners from Mould! - "......Molly is Canada's first certified mould-detection dog. Plucked from death row, Molly the English Lab is now saving BC homeowners from...

November 8, 2005
Affordability to Hold Steady in 2006 - More balanced conditions should emerge in the year ahead, characterized by healthy inventory levels and less urgency in the marketplace, according to a report...

November 8, 2005
Recycle Plastic Bags You Bring Home! - "1/3 of all plastic shopping bags in BC are recycled which puts the province above the national average of about 20%" according to Serge Lavoie,...

November 9, 2005
Home Price Rise to Exceed National Average - The prediction, released Tuesday by Re/Max, matches similar forecasts by Canada Mortgage and Housing Corp. and Credit Union Central B.C. chief economist...

November 9, 2005
Housing Starts Hit 25-yr High - .....and the highest number of starts for an October in 25 years, Canada Mortgage and Housing Corp. reported Tuesday. Multiple-unit starts -- apartments and townhouses --...

November 10, 2005
What Does it Cost to Buy a Home in Our Neighbourhood? - Vancouver Eastside Detached $504,393 Benchmark Price* ($105,588 Annual Income Required) Attached $348,247 ($ 72,915)...

November 16, 2005
Affordable Housing in West Vancouver means under $1 Million - In West Vancouver, it means a home costing less than a million dollars. Housing in the tony suburb has become more expensive...

November 16, 2005
Regional Real Estate Prices 'Not Necessarily In a Bubble' - Though Greater Vancouver's hot real estate markets might feel bubbly to the people trying to buy property, there are really few...

November 17, 2005
Keeping an Obsessive Eye on Real Estate - Each day brings fresh headlines trumpeting a new record for construction starts or screaming about a new survey that says the average price of a home in...

November 17, 2005
More good things to come from BC’s strong economy - “It’s not over yet. The 2006 outlook looks good - not great,” said Carol Frketich, CMHC’s BC Regional Economist, at the November...

November 18, 2005
BC Homes Sales Remain Strong in October - But BC’s year-to-date performance totaled more than $30.6 billion and has already surpassed all of last year’s monthly dollar volume figures combined....

November 18, 2005
Secrets of Building a Solid Nest Egg in Real Estate - They say you can do it, too, if you are prepared to be frugal, take some calculated risks and ride out periodic down markets. For example,...

November 18, 2005
Real Estate to Fund Retirement - CREDIT: Glenn Baglo, Vancouver Sun Chartered accountant Melanie Frers (left) gives the good news to Debbie and Dennis Nisbet: They will be financially comfortable in...

November 22, 2005
National Residential MLS Average Price 2001-2006 - $171,743 2001 (Actual) $188,754 2002 (Actual) $207,111 2003 (Actual) $225,230 2004 (Actual) $246,600 2005 (Estimate) $258,900 2006...

November 22, 2005
National Residential MLS Unit Sales 2001-2006 - 381,484 2001 (Actual) 419,242 2002 (Actual) 435,070 2003 (Actual) 461,112 2004 (Actual) 472,100 2005 (Estimate) 462,000 2006 (Forecast)...

November 23, 2005
Vancouver Residential MLS Average Price 2001-2006 - $285,910 2001 (Actual) $301,473 2002 (Actual) $329,447 2003 (Actual) $373,877 2004 (Actual) $420,000 2005 (Estimate) $462,000 2006...

November 23, 2005
Vancouver Residentail MLS Unit Sales 2001-2006 - 28,732 2001 (Actual) 34,909 2002 (Actual) 39,022 2003 (Actual) 37,972 2004 (Actual) 41,000 2005 (Estimate) 41,000 2006 (Forecast)...

November 24, 2005
Housing boom forecast to continue through 2007 - Southwestern British Columbia's housing boom should echo on into 2006 and 2007, the Credit Union Central B.C. is predicting, although at somewhat...

November 25, 2005
National Overview: Housing Market Outlook 2006 - Bolstered by strong economic growth, favourable interest rates, solid employment levels and soaring consumer confidence, residential real estate...

November 26, 2005
Greater Vancouver: Housing Outlook 2006 - and posted the strongest employment picture in the country according to a recent report prepared by ReMax. Job gains were particularly evident in the natural...

November 26, 2005
73% increase of a North Vancouver Home..... - .....Median Price since 2000! Check the MLS Stats: $370,000 - 2000 $380,000 - 2001 $421,000 - 2002 $489,000 - 2003 $571,500 - 2004 $640,000 - as...

November 26, 2005
62% increase of a North Vancouver Townhome.... - .....Median Price since 2000! Check the MLS stats: $260,000 - 2000 $267,000 - 2001 $288,000 - 2002 $321,000 - 2003 $380,000 - 2004 $420,500...

November 26, 2005
66% increase of a North Vancouver apartment.... - .....Median Price since 2000! Check the MLS stats: $160,000 - 2000 $154,900 - 2001 $164,000 - 2002 $189,000 - 2003 $224,500 - 2004...

November 27, 2005
Sales Continuing at Record Levels - It's the fifthe straight year of record national activity in the Multiple Listing Service, the realtors' group said, adding that regrional markets have reached new...

November 27, 2005
74% increase of a West Vancouver House..... - .....Median Price from 2000 to date! Check the MLS stats: $598,000 - 2000 $605,000 - 2001 $640,000 - 2002 $755,000 - 2003 $920,000 - 2004...

November 27, 2005
48% increase of a West Vancouver Townhome..... - .....Median Price since 2000! Check the MLS stats: $515,000 - 2000 $425,000 - 2001 $558,000 - 2002 $497,500 - 2003 $624,953 - 2004 $760,000...

November 27, 2005
70% increase of a West Vancouver Apartment - .....Median Price since 2000! Check the MLS stats: $289,000 - 2000 $270,000 - 2001 $285,000 - 2002 $349,000 - 2003 $450,000 - 2004 $490,000 - as...

January 2, 2006
On Heroes, a high dollar and hot economy - But before I get to mine, let me first say that my Canadian of the Year is Steve Nash -- his relentless pursuit of excellence and the way he handles his...

Over 22 years of experience on your side.

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January 27, 2012
Typical regional real estate sales patterns in 2012 - The British Columbia Real Estate Association (BCREA) just released its 2012...

January 25, 2012
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