Other Positive Signals 1. Alberta Oil Prices -while down slightly still providing solid employment and buyers for Kelowna Real Estate 2. Positive cash flow is made easier by low interest rates which will continue for the foreseeable future. 3. USA new home starts up 15% from 2011 provides employment for BC forestry workers. 4. Many [...]
A new Landcor Data Corp. study Other Condos are the entry point into the real estate market, and across the Lower Mainland we see more and more of them. Canada Mortgage and Housing estimates that from 2009 through 2012, over 34,500 new condos were built or started throughout the Metro Vancouver region. For first-time home [...]
Other The BC Real Estate Association (BCREA) reports that Chilliwack posted a province-leading 28.6 per cent increase in November sales compared to last November. BC as a whole saw a 17 per cent month-over-month decline. Chilliwack also reported the highest residential dollar volume increase in the province, with a 36.7 per cent spike from November [...]
Other There are countless photo-sharing apps out there for everything from food to dogs. Now, a former Microsoft and Google engineer is trying to do the same for real estate. It’s called Abodograph, and the idea is to provide an easy way for realtors to post photos of their everyday activities and receive real-time notifications from interested customers. Derek [...]
Trulia vs. Zillow: How they stack up after Q3 earnings Other The rivalry between Trulia and Zillow is one of the more entertaining matchups we get to cover. And it has taken on added significance in recent weeks now that both are trying to woo Wall Street. Not only are both online real estate companies [...]
Other On August 26, 2011, the provincial government announced that it will eliminate the Harmonized Sales Tax (HST) by March 31, 2013. Commencing April 1, 2013, in BC the HST will be replaced by the federal Goods and Services Tax (GST) and the BC Provincial Sales Tax (PST). On February 17, 2012, the BC Ministry [...]
Other The housing transition rules help ensure when people buy a newly constructed home under the PST, whether built entirely under the HST, entirely under the PST, or partly under HST and partly under the PST, they will generally all pay a consistent and equitable amount of tax. The transition rules provide certainty for new-home [...]
Other On December 1, 2012, the New Housing Transition Tax and Rebate Act and Regulations came into force. To help you, BCREA has updated its online HST/PST resources, including the “HST to PST: Transition Rules for Real Property” available at www.bcrea.bc.ca. The most important revision in the frequently asked questions (FAQ) is to the question: [...]
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