June 2018

new real estate rules protecting home buyers and Sellers

Posted on Jun 15, 2018 in Tips

New real estate rules took effect today that will change the way REALTORS® and their clients work together.

Specifically, the new rules will prohibit the practice of limited dual agency and require real estate licensees in BC to provide additional information to their clients about how they’re compensated.

The move to single agency is a significant c...

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reduced demand

Posted on Jun 14, 2018 in Vancouver Metro Real Estate

Reduced demand is allowing housing supply to accumulate across Metro Vancouver today.  Let's take a closer look!

REALTOR's registered over 2,833 homes on MLS in May.  This is down 35% from the same period last year and 19% below our ten year May average.  

While Buyers are less active now than in recent years , Sellers have become more active. May saw 6...

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how to defer your property taxes?

Posted on Jun 13, 2018 in Tips

Property taxes are due in early July. If you’re unable to pay your property taxes on your principal residence, you may be eligible for the BC Property Tax Deferment Program.

This is a low-interest loan program that lets qualifying property owners defer part, or all, of their property taxes on their principal residence.

There are two programs:

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varied property conditions

Posted on Jun 12, 2018 in West Vancouver Strata

West Vancouver townhome inventory, availability is limited compared to North Vancouver.  As a result of insufficient townhome sale activity a monthly MLS House Price Index, HPI, bench mark prices cannot be produced.

In May there were 2 WV townhome sales in the $900,000 to $1,499,999 price band.  End of May townhome active listings included:
  • 1 in the $4...

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selection increasing

Posted on Jun 11, 2018 in North Vancouver Strata

North Vancouver townhome sales in May totaled 36, down 14% from same month in 2017, similar to the month before and up 28.5% from the 10 Year Monthly Townhome Sales Average.  Year-to-date sales are similar to same period the year before, 143 and 141 respectively.

North Vancouver townhome new listings and end of month total active listings has increas...

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all-time highs

Posted on Jun 10, 2018 in West Vancouver Strata

In West Vancouver, total apartment sales were down 22% from May 2017.  

May sale price bands included:
  • 2 sales in the $200,000 to $399,999 range,
  • 3   "         "        $400,000 to $899,999 range,
  • 7   "         "         $900,000 to $1,499,999 range, 
  • 4   "         "         $1,500,000 to $1,999,999 range,
  • 4   "         "         $2,000,000 to $2,999,999 range and
  • 1   "         "         $4,000,000 to $4,999,999 range.
New listings rose 60.5% fro...

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