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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.

Vancouver Housing Market Update

Posted by on Jun 23, 2012 in Blog

Current Vancouver Real Estate Market situation is: the total number of new listings and active listings are continue to increase, while sales is decreasing. I expected that the housing price is going down in a few months if not sooner. MLS board May stats show that residential property sales in Greater Vancouver reached 2,853 on MLS. This represents a 15.5 per cent decline compared to the 3,377 sales recorded in May 2011. On the contrary, new listings and active listings are increased by 16.8% comparing to May 2011. In such real estate market situation, home sellers will most probably want to lower their listing price; while most home buyers would most likely to wait and hold. Therefore it pushed sales volume even lower. Stats also shows that sales-to-active-listing ratio sits at 16%. The ratio in some areas could be...

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How Evergreen Line Impact Real Estate Sales in Coquitlam

Posted by on Apr 3, 2012 in Blog

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Burnaby Metrotown New Condo PreSale Silver Open For Sale Soon

Posted by on Mar 30, 2012 in Blog

New Condo Presale in Metrotown area in Burnaby: Silver. It was opened for us Vancouver top Realtor to preview on March 29th, 2012. Please see details in Presale in Greater Vancouver Area for floor plans and price...

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New Personal Tax Credit Up to $10000 for First-Time Home Buyers in BC

Posted by on Mar 12, 2012 in Blog

THE B.C. FIRST-TIME NEW HOME BUYERS’ BONUS Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000. Requirements to Qualify for the Bonus ELIGIBLE FIRST-TIME NEW HOME BUYER You will qualify as a first-time new home buyer if: -You purchase or build an eligible new home located in B.C.; -You, or for couples, you and your spouse or common law partner, have never previously owned a primary residence; -You file a 2011 B.C. resident personal income tax return, or if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal income tax return (you will not be eligible for the bonus if...

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Canadian Banks lower 5-year mortgage rate to record low to 2.99%

Posted by on Jan 16, 2012 in Blog

With the Canadian housing market expected to cool in the coming year, the Bank of Montreal has lowered its five-year fixed mortgage rate to a record low. While the rate was slashed to 2.99 per cent Thursday, down half a point, it does come with a few hitches. The bank set a Jan. 25 deadline to apply as well as an amortization limit of 25 years.   The overnight interest rate set by the Bank of Canada, now at one per cent, banks clamouring for a piece of a tighter market and cheaper bonds are reasons why mortgages are so low right now, RBC Global Asset Management’s Eric Lascelles told CTV News Channel Friday. But buyers should be thinking ahead when rates eventually return to “normal,” he said.   “I think it is fairly clear that home prices are...

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