What Is Radon? Radon is an odorless, invisible gas that seeps up through the ground and can enter a home through unsealed foundations, cracks in the foundation, gaps in construction materials, and plumbing system components, including sump pumps or drains. Radon gas is also a product of uranium decay. Like uranium, it is radioactive; unlike…
Three major changes have just been announced by the Department of Finance that will positively impact buyers! Effective Dec 15th, 2024: 1. Cap on insured mortgages increasing from $1M to $1.5M. – currently it’s not possible to buy for over $1M with less than 20% down. – with this change, it will be possible to…
If you are wondering what’s going on with North Vancouver residential property prices, your definitely not the only one! With so much information out there for buyers and sellers, it is hard to figure out your next move. Find a ‘snapshot’ below to help clear things up and show you what’s really happening! For this…
Our local real estate board just released stats showing home sales registered on the MLS® in Metro Vancouver remained below their ten-year seasonal averages in August as summer holidays come to a close. Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 1,904 in August 2024, a 17.1 per cent decrease from…
Our real estate board, Greater Vancouver Realtors® (GVR®) just released July stats and reports: newly listed properties registered on the Multiple Listing Service® (MLS®) rose nearly twenty per cent year over year in July, helping to sustain a healthy level of inventory in the Metro Vancouver1 housing market. On the demand side, the Greater Vancouver…
In a stunning, half-way reversal, the B.C. government announced today 2 recent changes to the Residential Tenancy Act (RTA) as they relate to buyers of tenanted properties. The initial changes laid out in Bill 14, which came into effect on July 18, 2024, required four months’ notice – instead of the previous two months’ notice…
Recent amendments to BC’s Residential Tenancy Act, RTA, affect landlords, as well as purchasers of tenanted properties! New rules around evictions require BC landlords looking to evict tenants for personal or caretaker use to use a new ‘Landlord Use Web Portal‘ website to create Notices to End Tenancy started July 18, 2024. The Landlord Use…
Metro Vancouver home sales registered on the MLS® remained below seasonal and historical averages in June. With reduced competition among buyers, inventory has continued to accumulate to levels not seen since the spring of 2019. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,418 in June 2024, a 19.1 per…
New capital gains tax rules are in effect today June 25, 2024! These changes impact profits from selling assets like rental properties or stocks. What are the changes? The capital gains inclusion rate in Canada has risen from 50% to 66.7% for realized gains over $250,000 per year. To read more details click here.
Detailed stats were released by our local board, Greater Vancouver Realtors® (GVR®) showing North Vancouver May home sales and active listing numbers were strongest in the $2mil to $2.999mil; 59% and 44% respectively. NV neighborhoods with the most active listings and sales numbers included Lynn Valley, Boulevard & Upper Lonsdale house market, Lower & Central…
