Blog by Mehrnaz Chitsaz
The provincial government revealed plans today to introduce legislation in the spring of 2022 requiring a cooling off period for resale and newly built homes.
This change would be similar to the cooling off period in place for pre-construction condominium sales.
The BC Financial Services Authority (BCFSA) will consult the real estate profession and other
stakeholders to develop the parame ...
Metro Vancouver home buyers compete for fewer home listings in October
November 8th, 2021
Home sale activity in Metro Vancouver remained above historical averages in October while the overall supply of homes for sale dipped to levels not seen in three years.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,494 in October 2021, a 5.2 per cent decrease from the 3,687 sales recorded in October 2020, and an 11 per cent in ...
November Market Trend
November 15th, 2012
Average House Prices by Province
Sep 2012
Sep 2011
Sep 2010
National
$355,777
$352,581
$331,089
Yukon
$366,728
$277,654
$304,018
Northwest Territories
$403,019
$457,504
$382,188
British Columbia
$494,213
$523,568
$493,846
Alberta
$355,127
$359,637
$349,048
Saskatchewan
$273,209
$253,300
$236,455
Manitoba
$239,517
...
Financial News
September 7th, 2011
While the Bank of Canada announced earlier today that it
is keeping its key policy rate steady, it hinted that a rate hike mabe on the
horizon as the Canadian economy grows closer to full capacity.
In an statement the
Bank indicated that it expects "growth in Canada to re-accelerate in the
second half of 2012." The Bank estimates that the Canadian economy will grow by
2.8 per cent in ...
THIRTEEN THINGS YOUR BURGLAR WON'T TELL YOU
January 24th, 2011
(NOTE:
Pay attention to the
WASP SPRAY section at the very
end)
1. Of course I look
familiar. I was here just last week cleaning your carpets, painting your
shutters, or delivering your new refrigerator.
2. Hey, thanks for
letting me use the bathroom when I was working in your yard last week. While I
was in there, I unlatched the back window to make my return a littl ...
Real Estate Updates
March 2nd, 2010
According to The Real Estate Board of Greater Vancouver
The
Real Estate Board of Greater Vancouver (REBGV)Home buyer and seller activity increases in busy spring
market
The Greater Vancouver housing market experienced
increased activity in April thanks to a steady balance of home buyers and
sellers entering the marketplace.
The Real Estate Board of Greater Vancouver (REBGV)
reports ...
Mortgage Rates News
March 2nd, 2010
NewsRBC ROYAL BANK
CHANGES RESIDENTIAL MORTGAGE RATESTORONTO, March 29,
2010 — RBC Royal Bank announced today that it is changing
its residential
mortgage rates effective March 30, 2010.
The changes are as
follows: Fixed Rate Mortgages
Three-year closed 4.35 per cent (increased by 0.20 per cent)
Four-year closed 5.34 per cent (increased by 0.40 per cent)
Five-year closed 5.85 per ...
Real Estate Market Trend
June 3rd, 2009
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Help Saving Water
June 20th, 2008
Power
Smart bathrooms
Homeowners can save
significant money by conserving water in their bathrooms with these easy,
energy-saving tips:
Take shorter showers. By
cutting shower time from ten minutes to five, based on one shower a day, BC
Hydro predicts an average saving of 34,675 litres of water annually. The hot
water from showers can account for as much as 25 per ...
Vancouver Map
June 19th, 2008April 23rd, 2008
From today's Custom
House Newsletter, as expected, Prime lowered .50% to 4.75% - no word on fixed
rates following, as yet.
Canadian Dollar Down
With Interest Rate Cut
The bank of
Canada delivered a 50 basis p ...
PTT CHANGES 2008
February 26th, 2008
For First time homebuyers ... The Property
Transfer Tax the dollar amount has changed from $375,000 to
$425,000.
70% Loan To Value Has
Been Lifted.
Property Transfer Tax Act The
following changes have been made, effective February 20, 2008:
• The fair market value
threshold for eligible residential property under the First
Time Home Buye ...
December 23rd, 2007
12 unit Condo Homes
We invite you to view this Luxirous, Homey 12 units of 2 Bedroomsand 2 Bedrooms and Den in this 2 story Brand New Buildings in safe and friendly cummunity of Tsawwassen. Surprisingly priced under Assess Value, superb quality and floor plans
November 15th, 2007
A note to Residents of West Vancouver
West Vancouver Mayor
Announced that one of the key priorities of the Council is to put in
place a strategy for the long term renewal of Ambleside village. A Working
group has been appointed to review the proposed policies and has made
recommendations on the Ambleside Town Center Strategy that includes business
are ...
Hop Market
November 14th, 2007
Real Estate Market Still Active
It is good to know that Real Estate Market is still hot not only in BC, but all across Canada.
There has been a two week wait in line to buy a unit in for an eighty story building in Toronto, priced between 1/2 million dollars to $8 million. Interest rates are untouched in Canada. Prime staying at 6.25%. Afordibility is still there.
There are amn ...