August 2019 Market Insights | REBGV - Real Estate Board of Greater Vancouver Report | Matt Gul Personal Real Estate Corporation | Please watch the President’s Video
Posted on Sep 13, 2019 in Real Estate
If you would like to learn more about the current market insights , or if you are thinking about buying or selling your properties, please contact Matt Gul, who is a top luxury real estate agent...
West Vancouver owners paid $6.7 million in vacancy tax in 2018
Posted on Sep 13, 2019 in Real Estate
Figures revealed by Finance Minister Carole James on Thursday showed homeowners in West Vancouver paid almost $6.7 million in the province’s new speculation and vacancy tax in 2018.
You may have assumed that West Vancouver would of been the highest paying location for the Vacancy Taxes, however they were the third highest amount among B.C. municipal...
Canadian HELOC Debt Rises To Over $302 Billion
Posted on Sep 11, 2019 in Real Estate
Above is a photo of the total amount of loans that is secured with Residential Real Estate.
Canadian real estate owners are back to borrowing against their home equity. Office of the Superintendent of Financial Institutions (OSFI) filings show the balance of home equity lines of credit (HELOC) debt reached a new high in June. Growth is no longer nea...
British Columbia tightens property beneficial ownership to fight money laundering
Posted on Sep 10, 2019 in Real Estate
British Columbia has taken a major step to prevent money laundering with its proposed registry of beneficial owners of the land by lowering the threshold at which shareholders of a property-owning corporation must be disclosed from 25% to 10%.
This move is on its way as Vancouver is going to face a property price boom, this gets triggered by foreign...
Vancouver home prices are falling and condos are delayed, but industry says real estate recovery on the way
Posted on Sep 07, 2019 in Real Estate
Recently the Vancouver real estate industry has started to climb back to its old ways, beginning its recovery. However the pain is not over at all for most realtors and even developers.
This Thursday the the British Columbia Real Estate Association have predicted that Vancouver's expected sales will end up to "normalize" by 2020. With only three mon...
Greater Vancouver real estate sales return to ‘more typical levels’ in August: REBGV
Posted on Sep 05, 2019 in Real Estate
Metro Vancouver’s summer real estate bump continued in August, with sales returning to “more typical levels” according to the Real Estate Board of Greater Vancouver (REBGV).
The real estate board's latest report shows that the GTV region has seen 2,231 sales in the month of August of 2019, this is up 15.7 per cent year-over-year, however this is dow...