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You’ve probably read in the press recently about some real estate agent’s that have been using the Assignment Option Clause, found in the Real Estate Council of British Columbia’s Professional Standards Manual, to engage in a practice which has come [...]
With the continued acceleration of the BC real estate and housing market, one has to ask themselves, “Is this a good time to buy?” and “Should I buy a house in 2016?” In the hot BC Vancouver real estate market [...]
February 2016 was a big month for real estate in the Fraser Valley. Not only was it another record-setting month for sales (increase of 79% compared to February 2015) but there were also big changes to BC Property Transfer Tax [...]
Answers you must know on the NEW Property Tax Rules! The following is an Update on the New PPT Rules from Merrily Hackett, the Managing Partner at Sutton Group - West Coast Realty. A quick update below on the recent [...]
Last Wednesday February 17, 2016 the British Columbia government announced changes to BC property transfer tax that will help local new home buyers save money. Since the announcement, many are talking how this policy may not provide immediate relief to [...]
This morning the BC government announced major changes to their budget, including changes to the BC Property Transfer Tax (PTT) to help deal with housing affordability. Here is what we know so far: 1. No Change to First Time Buyers [...]
Starting February 15, 2016 the Canadian Mortgage and Housing Corporation (CMHC) will require a 10% down payment on the portion of any mortgage it insures over $500,000. Here’s how the new mortgage rules in Canada apply to the purchase of [...]
If there’s one thing we can say about the January real estate market in popular Fraser Valley cities like Surrey, White Rock, Langley, and Abbotsford, it’s that there’s no signs of slowing down. Jorda Maisey, President of the Fraser Valley [...]
Are you feeling discouraged in your quest for home ownership with home prices expected to rise another 9% in 2016? Don’t give up! Perhaps a house with a rental suite could be the right solution for qualifying for your mortgage [...]
Did you know that 2015 is named the strongest year in real estate in a decade? In fact, Fraser Valley property sales were just shy of historical sales from 2005. For those who love numbers, here’s a short recap of [...]