Handy Real Estate Links

BC Government Links First Time Buyers’ Program reduces or eliminate the amount of property transfer tax you pay when you purchase your first home New Home Registry provides the name of the builder or developer and contact information of the warranty provider Registry of Licensed Residential Builders (including Building Envelope Renovators) Search a particular builder…

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West Vancouver Real Estate Snapshot

West Vancouver November residential real estate numbers shows interesting trends! WV detached homes and condo’s MLS® HPI Benchmark Price increased +15.6%,and +2.3% respectively from same month last year. Of WV’s 35 neighborhoods*, Ambleside had 27 of the 44 November WV house sales. Balance of houses sales sprinkled throughout the other WV neighbourhoods. *Altamont, Ambleside, Bayridge,…

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West Vancouver Real Estate Market

Several factors influence the housing market, including mortgage interest rates, inflation, employment, investment, construction, immigration, government assistance programs, and the health of local and world economies. All of these influence the supply and demand of the market which, in turn, affects prices. There are three classifications experts use to describe the balance of supply and…

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What is blind bidding?

As a result of highly competitive market conditions and escalating housing prices, BC’s real estate regulator, the BC Financial Services Authority (BCFSA), is developing a consultation on “blind bidding” to understand whether changes to the offer process in real estate transactions could improve protection for homebuyers. This announcement was paired with recent news that the…

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West Vancouver Real Estate Snapshot

West Vancouver‘s sales-to-active listings ratio trend for different property types shows that market conditions vary by property type. Buyers’, sellers’, and balanced markets are terms that describe whether the market is putting upward, downward, or no pressure on home prices. Buyers’ markets typically occur when the sales-to-active listings ratio dips below the 12 per cent…

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