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Is 15% Foreign Buyers Tax An Efficient Way to Suppress Vancouver Home Prices?

Posted by on Aug 31, 2016 in Blog

BC’s 15% foreign tax seems working on cooling down Vancouver real estate market. Since August, sales volume was down quite a bit. However the home prices are continue to go up yet much slower than the past few monthls. Therefore, not only foreign buyers but local buyers start to slow down as well. They are more conserved than before about how the market gonna reflects to that foreign tax. It’s still too early to tell how efficient that tax to Vancouver real estate...

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Rediscover North Vancouver

Posted by on Jul 26, 2016 in Blog

The City of North Vancouver is a waterfront municipality on the north shore of Burrard Inlet, directly across from Vancouver, British Columbia. It is the smallest of the three North Shore municipalities, and the most urbanized as well. There are great public schools in North Vancouver. Please use our school search tool here to find properties on sale around schools. If you have any question regarding buying or selling home properties in North Vancouver, please contact Angel at...

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Vancouver Real Estate Bubble Myth

Posted by on Jul 8, 2016 in Blog

Since people talked about Vancouver real esate bubble in 2011, Vancouver housing prices were continue to go up year after year. Besides a history record high of 25% in 2015, Vancouver home prices were consistantly increase and never showed any sign of slowing down. Canadian government was trying every possible way to cool down this “overheated” real estate market. For examples, tightening mortgage rules, propose home vacancy tax, non residents buyers registration policy and so on. However they hardly...

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Vancouver Downtown Two Bedrooms Condo Listing

Posted by on Jun 22, 2016 in Blog

This two bedroom unit is located on the centre of Vancouver downtown: Robson Street. The uniqueness about that listing is that it has one parking lot and a big underground storage. It has been recently re-decorated. If you are interested in that listing or any new listings coming up in downtown area, please give Angel a call at...

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New Condo Development In Surrey by Mosaic

Posted by on Jun 7, 2016 in Blog, Presale

More and more people are interested in buying pre construction condos in lower mainland, because of the fact that there are very limited homes for sale listings on the market and the prices are increasingly high. Developer is one of the main factors when investing in pre sale condos. This new condo project Guildhouse is developed by welknown Mosaic. It is perfect as self living home or as rental property. It’s return of investment is relatively high than almost all...

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About BC’s New PTT Rule

Posted by on May 10, 2016 in Blog

Starting from 2016, BC has new Property Transfer Tax (PTT) rules. Those changes apply to new home purchase. Under the new rule, PTT will be partially or entirely waived for new homes under 800k in selling price. In Greater Vancouver area, there is very limited single house listings under that price. Condos and townhouses are the major options. Greater Vancouver cities include but not limit to Vancouver west side, Vancouver east side, Richmond, Burnaby, and Coquitlam.  If you are...

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Vancouver West Side Townhouse Options

Posted by on Apr 25, 2016 in Blog

Since single family home prices are so high in Vancouver west side, townhouses or townhomes get more and more attention recently. If you are looking for new townhouses, you can find them in the following areas: Cambie, Granville, Kerrisdale and Oak. The prices are between 1.1 million to 1.4 million. Usually it has three bedrooms. If you are looking for second hand townhouses, you would probably find them in Fairview area, which is between Cambie and Granview, West Broadway and...

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