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price of home shopping in North vancouver

(March 28, 2017, posted in North Vancouver Homes)

What's happening to home prices and where are they headed?

REALTORS® are asked these questions every day by clients trying to understand whether it’s a good time to buy or sell.

To ensure you have the most accurate picture of home price trends, we developed the MLS® Home Price Index (MLS® HPI) together with the Fraser Valley, Calgary, Toronto, and Montreal real estate boards and the Canadian Real Es... read more.

escalating prices for north vancouver's apartments & townhomes?

(March 27, 2017, posted in North Vancouver Strata)

The MLS® Home Price Index (MLS® HPI) is a tool to measure home price trends in Metro Vancouver and other major markets in the country. The MLS® HPI was developed by five of Canada’s largest real estate boards – Greater Vancouver, Fraser Valley, Calgary, Toronto and Montreal – and the Canadian Real Estate Association.

This MLS® HPI replaces the MLSLink Housing Price Index, which had been used by Gre... read more.

status of west vancouver apartment prices?

(March 26, 2017, posted in West Vancouver Strata)

The MLS® HPI is an alternative measure of real estate prices that provides a clearer picture of market trends over traditional tools such as mean or median average prices.

A mean average is the average price obtained by dividing the total dollar volume of sales by the number of sales.

To get a median price, all of the sales prices are arrayed in numeric order. In the case of an even number of sales... read more.

the cost to buy a west vancouver home

(March 25, 2017, posted in West Vancouver Homes)

The MLS® Home Price Index (MLS® HPI) is a tool to measure home price trends in Metro Vancouver and other major markets in the country. The MLS® HPI was developed by five of Canada’s largest real estate boards – Greater Vancouver, Fraser Valley, Calgary, Toronto and Montreal – and the Canadian Real Estate Association.

This MLS® HPI replaces the MLSLink Housing Price Index, which had been used by Gre... read more.

b.c. real estate tax calculators

(March 24, 2017, posted in Tips)



When property is purchased in BC, the potential amount of tax to be paid can vary greatly. This calculator will help determine the payable taxes by breaking down how much Goods and Services Tax (GST) and Property Transfer Tax (PTT) should be charged, less any PTT exemptions (for first-time homebuyers and/or newly-built homes), as well as any eligible federal rebates, and provide an estimate of the... read more.

real estate terminology & definitions

(March 19, 2017, posted in Tips)


For your reference find below real estate terminology for real estate, mortgage and definitions for home buyers and sellers.  Click here to download a PDF.

ALR – Agricultural Land Reserve
A provincial zone in which agriculture is recognized as the priority use, farming is encouraged and non-agricultural uses are controlled.

Amortization
The number of years a borrower is scheduled to repay the entire am... read more.

then & now

(March 15, 2017, posted in BC Market Update)


The British Columbia Real Estate Association (BCREA) reports that a total of 6,580 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, down 31.7 per cent from the same period last year. Total sales dollar volume was $4.53 billion, down 39.7 per cent from February 2016. The average MLS® residential price in the province was $688,117, an 11.7 per cent decrease f... read more.

BC foreign buyer tax

(March 13, 2017, posted in Canadian Newcomers, Non-Residents)


Later this week B.C.'s finance minister is to announce new exemptions and rebates for the foreign buyer tax on Metro Vancouver real estate.

Local newspapers have reported 'international citizens with work permits who pay taxes in BC won't have to pay the foreign buyer surcharge. Further, foreign nationals who were hit with a 15% foreign buyer tax on the real estate, but then months later became Can... read more.

Supply is struggling

(March 02, 2017)


Reluctance amongst Metro Vancouver* home sellers is impacting sale and price activity throughout the region’s housing market.

Residential home sales in the region totalled 2,425 in February 2017. This is a 41.9 per cent decrease from the record 4,172 homes sold in February 2016 and an increase of 59.2 per cent compared to January 2017 when 1,523 homes sold.

Last month’s sales were 7.7 per cent below... read more.

buyers market? sellers market?

(March 01, 2017)


In West Vancouver, there were 35 sales in the month of February. The sales to new listings ratio was 30% which represents a buyer’s market. For February 2017 the sales to total active listings percentage was 10%, a decrease from 39% in February 2016. Sales for February 2017 were down by 106 units compared to February 2016.

The West Vancouver listing inventory has increased by 24 homes compared to... read more.