Under Market Update

REBGV Market Update: Home buyer demand stays below historical averages in August

“Home buyers have been less active in recent months and we’re beginning to see prices edge down for all housing types as a result,” Phil Moore, REBGV president said. “Buyers today have more listings to choose from and face less competition than we’ve seen in our market in recent years.” [read more]

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May 2018 Housing Market Update – Real Estate Board of Greater Vancouver

“With fewer homes selling today compared to recent years, the number of homes available for sale is rising,” Phil Moore, REBGV president said. “The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.” [read more]

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B.C. speculation tax: Here’s what you need to know

The government expects to introduce legislation in the fall to make the tax part of law and they say 99 per cent of British Columbians will be exempt from paying the tax. The tax will be applied on properties that are not the primary residences of the owner — they’re not living there for more than six months per year — and that aren’t being occupied by a tenant when the owner isn’t there. [read more]

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2018 BC Budget & Real Estate

Yesterday, the BC Provincial Government released the BC Budget 2018. Included in the budget were a number of previously promised initiatives to help curb speculation and rapid price appreciation in the BC real estate market. Tony Spagnuolo from Spagnuolo & Company Lawyers and Conveyancing has summarized the information. [read more]

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December 2016 Real Estate Market Newsletter

I just posted my December 2016 North Shore, Vancouver + Sea to Sky real estate market newsletter. Take a look and feel free to leave a comment. Lots of moving parts in the market right now with changing demand trends, pricing in many neighbourhoods, new legislation and assistance for first-time buyers from the Province. [read more]

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Home prices jumped 40 per cent in Vancouver. Where are all the cranes?

When something becomes more expensive, people will produce more of it. According to that pillar of Econ 101, new homes should be springing up all over Vancouver. Which they aren’t. Meanwhile, thanks to strict land-use rules and lobbying by existing homeowners, supply has stalled. [read more]

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October 2016 Real Estate Market Update Newsletter

If you are considering a move into the real estate market as a Buyer or Seller this Fall or in 2017, lets grab a coffee and chat. I would love to provide you with an update on the market and talk to you about my approach to buying and selling homes and investment properties. [read more]

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