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Top 25 Real Estate Agents in Vancouver West,Downtown Vancouver and West Vancouver. Buy & Sell residential homes, property management, pre-sale and more.

House Construction Up 5.9 per cent in December

Posted by on Jan 11, 2010 in Blog

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 of seasonally adjusted housing starts were up 5.9 per cent from November, to 174,500 units. Most economists had expected an increase of between 160,000 and 165,000 units in December, following an upwardly revised 164,800 starts the previous month. According to CMHC data, urban starts were up 6.6 per cent to 157,100 units in December, CMHC said in its report. Multiple-unit starts totalled 77,700 during the month, up from 72,800 units in November, while single-unit starts totalled 79,400, up 6.4 per cent from the previous month. Urban construction was up 17.8 per cent in Quebec, 15 per cent in Atlantic Canada,...

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HST’s Impact On BC House Price Explanation

Posted by on Nov 15, 2009 in Blog

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 before only 5% GST will applied on sales of brand new property). Other than that, it will also cost you more on purchasing all other type of real estates. Angel Wang explained the reasons for that impact on Vancouver real estate market in this...

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

Posted by on Oct 18, 2009 in Blog

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 most beautiful natural landmarks in Canada, popular recreational localities, and particular lifestyles. These properties have weathered the economic downturn well and will remain attractive because of their positioning in some of the most beautiful localities in Canada and the world. Four areas of British Columbia, namely the ocean-facing Greater Vancouver, White Rock-South Surrey, Victoria, and the inland-located Kelowna, represent the major locales of luxury real estate in the province. These areas boast some of the priciest properties in Canada, with the minimum upper-end price thresholds ranging from $1 million in Victoria and Kelowna to $2 million in...

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