Posts Tagged ‘BC’

Vancouver BC Home Buyers In The Driver’s Seat

“A relatively large number of homes for sale have created the most favorable supply conditions for home buyers in more than a year,” said Cameron Muir, BCREA Chief Economist. MLS® active residential listings were 21 per cent higher in July than at...

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What You Should Know About HST Housing Rebate In BC

New housing rebate in BC after July 1

As you’ve already known that July 1st is the day when the BC provincial government and federal government will combine the 7% provincial sales tax (PST) and the 5% federal Goods and Services Tax (GST) into a 12% Harmonized Sales Tax (HST). People...

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House Construction Up 5.9 per cent in December

Canada house construction booming

According to the latest real estate market news released by Ottawa: House construction rose more than expected in December as Canada’s real estate market continued to show signs of recovery. Canada Mortgage and Housing Corp. said Monday the number...

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HST’s Impact On BC House Price Explanation

From July 1st, 2010 HST (Harmonized Sales Tax,12%) will be officially implemented in BC. The biggest and direct impact on the house price in Vancouver BC is that it is definitely going to increase your investment cost of purchasing new home (because...

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Why BC Luxury Real Estate Appeals To Investors (Part One)

The luxury real estate market in British Columbia is characterized by a relatively small market share in total residential sales. However, it boasts some of the most expensive properties in Canada, whose value is derived from the exposure to some of the...

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