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...
No wonder buyers are confused...
Posted on Oct 26, 2016
The real estate market is like any other market. Sure it's fuelled by need, a change in the exigencies of life and a desire to own one's own castle.
It's also driven or slowed by uncertainty and emotion. Vancouver still presents as beautiful, safe place to live with wonderful amenities. There is still a shortage of developable land; remember we are...
Grouse Mountain to be sold...
Posted on Oct 08, 2016
Ottawa to close tax loophole amid reports of abuse of home ownership rules
Posted on Oct 03, 2016
The Globe and Mail is reporting that Ottawa is preparing to close a tax loophole that's been used by foreign buyers in overheated housing markets such as Vancouver and Toronto.
The Globe says the Trudeau government plans to tackle apparent abuse of a long-standing exemption that allows non-residents to buy homes and later claim a tax exemption on th...