Because housing affordability directly impacts the quality of life of British Columbians, BCREA consistently and regularly recommends that the provincial government minimize the negative impact of the Property Transfer Tax (PTT).
Tagged: Real Estate
July home sales in Vancouver drop to lowest level since 2000 – Greater Vancouver Real Estate News August 2012
July home sales in Vancouver, once the countryâ€™s hottest real estate market, continued to slide and hit their lowest total for the month since 2000.
Residential property sales in Greater Vancouver remained at a 10-year low in July, while the number of properties being listed for sale continued to edge down and prices remained relatively stable.
How can you know if you are financially ready to become a homeowner? – Greater Vancouver Real Estate 2012
This step guides you through some simple calculations to figure out your current financial situation, and the maximum home price that you should consider.
Financial advisors unconvinced new mortgage rules are better – Greater Vancouver Real Estate News July 2012
Finance Minister Jim Flaherty recently introduced changes to the mortgage rules, ostensibly as a means of reining in runaway consumer debt.
What are legal fees? Do they include the lawyer’s professional services fee?
Winning entries will now be submitted to the Mayorâ€™s Task Force on Housing Affordability and will be included in their final report to Vancouver City Council in the fall.
Vancouver city council approves Aquilini’s three new highrise towers beside Rogers Arena – Greater Vancouver Real Estate News July 2012
Rogers Arena is set to welcome hundreds of new neighbours after Vancouver city council approved the development of three new highrise towers by Aquilini Developments and Construction, run by the same family that owns the Canucks.
Pace of condo presales slows, but numbers remaining high in Metro Vancouver – Greater Vancouver Real Estate News July 2012
The number of new concrete condos launched in Metro Vancouver has been strong for the first six months of 2012, but not nearly as strong as earlier forecasts.
Costs for even relatively moderate kitchen redos can run well into the tens of thousands of dollars.