Metro Vancouver’s new home industry is hurting badly over the absence of any transition rules to the return of the provincial sales tax since the harmonized sales tax was defeated in a referendum Aug. 26, three property experts to The Vancouver Board of Trade Friday.
Greater Vancouver residential home sales improved in November compared to the previous four months, with the number of sales posted on the Multiple Listing Service® (MLS®) coming in slightly higher than the 10-year average for that month.
Home sales in Metro Vancouver and the Fraser Valley improved modestly in November over the previous four months, representing a relatively stable market, according to two real estate surveys released Thursday.
B.C.’s economic growth will slow during 2011 in sync with the global economic slowdown, the winding down of fiscal stimulus, and a weaker comparison to the 2010 Winter Olympic boost.
Housing sales rose in September for a second straight month while average prices reversed the falling trend with a 1.9% increase from August, the Canadian Real Estate Association said Friday.
Total building permit values in the Abbotsford region declined in August, according to the Vancouver Regional Construction Association’s analysis of today’s Statistics Canada building permit report.