A Tale of Two Markets Over the past year or so we have seen our residential real estate market split in two distinct sub-markets: houses on the one hand, and apartments and townhouses on the other. Government actions designed to cool the ultra-hot high-end market (and protect borrowers from taking on too much debt) have […]
Read MoreArchives for 2017
How is the Housing Market Changing?
How is the housing market changing … the long-term trend is always upwards. What changes should we expect in the coming years? Single family homes will attract an increasing premium. The region’s supply of houses is pretty much max’ed out, but our population continues to grow so demand will continue, partially driven by wealthy offshore buyers […]
Read MoreLaneway Houses – Home Owners Grant Bonus
Did you know that if you have more than one “separate residence” on your property – for example a laneway or coach house in addition to your main house – you may qualify for some or all of the BC Home Owner Grant to reduce your property taxes, even if your property is valued at […]
Read MoreRenovation Plans – Update or Sell?
A CIBC Poll released just last month asked Canadian homeowners about their renovation plans for 2017. They found that 48% planned a reno or update this year, up from 37% in 2016. In British Columbia, the average amount budgeted for the reno was $13,200, indicating most people are planning cosmetic and maintenance work, as opposed […]
Read MoreMay Home Sales 3rd Highest on Record
Any remaining market uncertainty following last year’s series of events that combined to cause a distinct slowdown in real estate sales seems to have dissipated. May home sales in Metro Vancouver were the 3rd highest on record for May, a full 23.7% above the 10-year average for the month. One key indicator of activity and […]
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