June 2017

empty house tax?

Posted on Jun 19, 2017 in Tips

Beginning in December 2017, all owners of residential property in Vancouver will have to make a property status declaration for the 2017 calendar year, to determine if they will be subject to the Empty Homes Tax.

If a residence was empty or under-utilized in 2017, according to the Vancouver Vacancy Tax Bylaw, the owners must pay a tax of 1% of the a...

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supply not keeping pace with demand

Posted on Jun 13, 2017 in BC Market Update

The British Columbia Real Estate Association (BCREA) reports that a total of 12,402 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May, down 7.9 per cent from the same period last year. Total sales dollar volume was $9.33 billion, down 4.0 per cent from May 2017. The average MLS® residential price in the province wa...

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understanding our market

Posted on Jun 12, 2017

The housing market returned to near record levels in May.  To understand what's going on let's look at four key indicators:
  1. Sales
  2. Listings
  3. Prices and
  4. Sales-To-Active Listings Ratio

The first is home sales. REALTORS registered 4, 364 sales on MLS last month. This down 8 1/2% from our record breaking 'May' last year but still stands as the third highest Ma...

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condominium market uptick

Posted on Jun 11, 2017 in North Vancouver Strata

Take a look at the past month North Vancouver condominium activity.  Click here!

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low inventory levels define market

Posted on Jun 10, 2017 in West Vancouver Strata

Check last month to this months WV Apartment stats!  Click here.

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strong home buyer confidence

Posted on Jun 09, 2017 in North Vancouver Homes

Check out April's infographic.  Click here!

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