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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.

The Housing Market Scenario At the Greater Vancouver Area In 2010

Posted by on Jun 9, 2010 in Blog

The housing price at the Greater Vancouver Area in Canada has significantly increased in the present times. As per industry exerts, the residential real estate market has roared back in 2010 with the housing prices at or above pre-recession levels.  One of an interesting feature is that the housing sales have also increased notably at the beginning of the second quarter in 2010. As per the reports of REBGV (Real Estate Board of Greater Vancouver), about 3,512 residential properties have been sold in April 2010. It is about 18.5% increase in comparison to 2,693 sales during the same month a year back and 9.1% increase (with 3,218 sales) from that of April 2008. The housing sales figure of April 2010 also signifies that there has been about 12% increase in comparison to March 2010. There have been about 7,648...

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CBC News: Who Are The Pricey Vancouver Real Estate Buyers?

Posted by on Apr 16, 2010 in Blog

For the first time, the average price of a Vancouver home has topped $1M. Vancouver Realtors don’t believe , that the price will have any chance to go down. According to an CBC news on April 7, the major reason of the hot housing price in Vancouver is because of those who are mainly immigrated from mainland China. Angel Wang was interviewed by CBC...

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What You Should Know About HST Housing Rebate In BC

Posted by on Mar 10, 2010 in Blog

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 here in BC had talked or complained about this new tax a lot since the day it’s announced back in Summer 2009. Now is the time to start preparing for this change, no matter what. As a rule of thumb, the GST rules that now apply to residential property will also apply under the HST. New rules about HST housing rebate: Buyers of new homes will be eligible for a rebate of 71.43% of the provincial portion (7% of the HST’s 12%) of the HST paid on the new home up to a maximum rebate of...

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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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