Surprise, surprise, surprise!! BC Foreign Buyers Tax Amended
Posted on Jan 30, 2017
Ok I'm showing my age with the Gomer Pyle reference but this whole episode strikes me as a comedy.
This was always going to happen when something is introduced hastily, without consultation and for ethnically driven reasons. No, I'm not talking about the Trump Muslim Ban but the BC Foreign Buyers' Tax.
British Columbia's premier has announced her gov...
Canada releases "A New Vision For Housing In Canada"
Posted on Nov 22, 2016
The Canadian government has unveiled its housing strategy plans, following months of consultation with Canadians and industry stakeholders.
“Affordable housing can connect individuals with the facilities and services they need to build secure, productive and meaningful lives for themselves. Living close to jobs, public transportation and childcare e...
Canadian housing boom continues. Vancouver market ‘returning to earth’ softly.
Posted on Nov 19, 2016
Canadian home resales and prices rose in October as the nation's long housing boom continued, two separate reports showed on Tuesday, but analysts said higher borrowing costs have increased the risk of a correction.
Prices rose 0.3 per cent last month from September and were up 11.8 per cent from a year earlier as Toronto's red-hot market offset the...
Vancouver "Empty Home Tax" - How Will It Be Policed?
Posted on Nov 17, 2016
The talk of an empty homes tax in Vancouver is to become a reality. The city council says that it will be introduced by January 1, 2017.
"The City won’t sit on the sidelines while over 20,000 empty and under-occupied properties hold back homes for renters struggling to find an affordable and secure place to live,” says Mayor Gregor Robertson.
The cit...
Canadian real estate still has room for growth says PwC report
Posted on Oct 31, 2016
Despite gloomy calls for a market slowdown or even a crash, a new report says there is still room for growth in Canadian real estate.
Although the report from PwC Canada and the Urban Land Institute acknowledges the potential for a pullback in Toronto and Vancouver in 2017, it forecasts a “year of stability” for the housing market, albeit with a 0.9...
Overpriced Homes...Why Buyers Should Offer
Posted on Oct 27, 2016
Now that all the froth and bubble has died down and the Vancouver market has normalized I'm encouraging my buyer clients to start discussions on any listed homes that appeal to them and suit their needs...regardless of the list price.
The number one reason why an otherwise attractive home does not sell is price. Homes that are grossly overpriced oft...