How to Calculate B.C.'s new Provincial School Tax
Posted on Aug 06, 2019 in Real Estate
This year when you got your tax notices, and if your property has an assessed value of over $3,000,000 you were probably surprised on why you were paying such a high amount, even after paying your home tax you probably would still wonder why it has increased that severely.
Starting in 2019, the provincial government will apply an additional school t...
Metro Vancouver’s June home sales lowest since Y2K, benchmark price drops below $1M
Posted on Aug 03, 2019 in Real Estate
June 2019 Market Insights from REBGV President Ashley Smith.
Posted on Aug 03, 2019 in Real Estate
Ashley Smith is the President of the Real Estate Board of Greater Vancouver and in this video she discusses and highlights the June 2019 Market Insights.
So what’s causing today’s trends, in addition to the economic and policy induced factors at play, we’ve also seen an expectation gap emerge between home buyer’s and sellers. Sellers are often tryin...
Hong Kongers are looking to buy properties in Toronto and Vancouver as protests rage
Posted on Jul 26, 2019 in Real Estate
People scouting for properties in Canada and U.K. as unease surrounding Hong Kong's political future grows amid China's increasing influence.
As the protests continue in Hong Kong there are plenty of real estate brokers in Canada and the U.K. who are receiving a large amount of inquiries from investors, who are from Hong Kong who are eager to get ou...
Canada’s mortgage stress tests just got a little easier
Posted on Jul 23, 2019 in Real Estate
The interest rate used in Canada’s mortgage stress tests has fallen for the first time since 2016, making it slightly easier to become a homeowner.
The mortgage qualifying rate has recently dropped 0.15 per cent going from 5.34 to 5.19 per cent. It has been locked at 5.34 since May of 2018, these figures are from the Bank of Canada. The rate is deri...
Island’s time: Real estate developers catch a waveFrom B.C.’s capital to the Pacific Rim, rebooted and new real estate projects define a changing Vancouver Island
Posted on Jul 19, 2019 in Real Estate
Nanaimo's tax incentives and population growth are credited for record-setting building permits this year. Image supplied by CBRE Victoria
Victoria is facing big-city problems – and potential – as an industrial land shortage and white-hot demand for office and retail space characterize B.C.’s capital city, the province’s strongest commercial real es...