Stay Tuned Into The Real Estate Market

Government reduces tax burden on first-time buyers

(February 18, 2014)

First-time home buyers received welcome news in today’s provincial budget. Any REALTORS® currently working with first-time buyers will want to share this news with them as soon as possible.

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The p... read more.

Is Vancouver ready for 52,000 more wealthy new immigrants?

(February 11, 2014)

Vancouver immigration lawyer-researcher Richard Kurland and an intrepid ethnic Chinese journalist have uncovered an amazing story about how more than 45,000 wealthy Chinese are on a waiting list to come to British Columbia through the country’s “investor” immigrant program.

The number of “investor” applications from wealthy Chinese is six times higher than that for all other English-speaking countr... read more.

Market Update January 2014

(February 04, 2014)

Steady trends continue in the Greater Vancouver housing market

The first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market.

Sales in Greater Vancouver in January 2014 increased 30.3% over January 2013. Last months sales were also 7.2% above the 10-year sales average for the month.

The Greater Vancouver housing market has been in a balan... read more.