Demand for housing in British Columbia is expected to increase this year and next, driven by employment growth and an increasing population, according to the Canada Mortgage and Housing Corporation (CMHC). The average price for home sales across the province is forecast at $550,400 in 2014, with an increase in higher-end real estate sales. The … Read more
The top three cities in the world for long-term real estate investment, ranked in terms of resilience, are in Canada, and Vancouver takes the number two spot, according to a report issued by Grosvenor Group. The study defined resilience as the ability to avoid or recover from an adverse event. This involved looking at 50 … Read more
Recently clients of mine bought a smaller home even though they could afford something much larger. I sat down and asked them to list all of the reasons why they wanted a smaller house. Easier to maintain. Anyone who has owned a house knows the amount of time, energy, and effort to maintain it. All things being … Read more
Before you begin looking for your new home, it is important that you consider the needs of all the people it must shelter and what effect their daily activities will have on your desire for a certain size or location, both now and in the future. COMMUNITY: Rural? Small town? City? What facilities are available? Shopping centers? Places of worship? … Read more
The threshold for exemption for Property Transfer tax (PTT) has been increased to $475,000 (from the prior threshold, $425,000). Between $475,000 and $500,000 there will be a partial exemption. This is a tax that is charged on all real estate purchases in BC. Typically, a first time home buyer is exempt from this … Read more
\What can you afford? Before you start looking for a new home, it is important that you become aware of how much you can afford to pay. This knowledge will allow you to spend your valuable time looking productively at home which are within your predetermined price range. You can calculate a relatively accurate figure … Read more
What can you afford? Before you start looking for a new home, it is important that you become aware of how much you can afford to pay. This knowledge will allow you to spend your valuable time looking productively at home which are within your predetermined price range. You can calculate a relatively accurate figurefor yourself if … Read more
We all have to live somewhere and many of us are interested in home ownership. The maze of types of accommodation has been explained by www.wesellvancouver.ca Types of Housing Ownership Freehold A free hold interest (also known as a fee simple) is the more precise term for what we ordinarily refer to as … Read more