Heads up, the BC Home Flipping Tax is coming into effect on January 1, 2025. The BC Home Flipping Tax is part of the Residential Property (Short-Term) Profit Tax Act and applies to income earned from selling or assigning a property within 730 days (two years) of purchasing it. This includes properties bought before January…
North Vancouver November homes for sale and home sales were up +10% and 0.0% respectively, from same month in 2023. In contrast, the one-year change for condos was up +26.3% and +34.5% and townhomes, +4.5% and -0.1%. The MLS HPI Benchmark Price one-year change for all residential properties did not change much; homes -1.5%, condos…
West Vancouver detached homes and condo activity has been trending pretty much in ‘buyer market territory’ and ‘balanced market conditions’, respectively, the past twelve months. November home sales totaled 32, predominately in Ambleside, Lions Bay and Caulfeild where as November condos sales totaled 11 of which 9 were in Ambleside, 1 in Park Royal and…
Metro Vancouver market home sales registered in the MLS® rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 2,181 in November 2024, a 28.1 per cent increase from the 1,702 sales recorded…
West Vancouver October house sales increased +11.1% from same month a year ago where as condos lessened by -16.7%. The MLS HPI Benchmark Price one-year change for both property types softened a titch. Total November active listings for WV homes went up +7.3% compared to November 2023 totals and condos up +31.3%. 15/30 October home…
October North Vancouver home sales totaled 76 of which 8 were in Canyon Heights neighborhood, 7 in Edgemont, 7 in Lynn Valley, 7 in Seymour and 6 in Upper Lonsdale. One-year change in homes sales shows an increase +25.4%, +8.2% for condos and +5.9% for townhomes.. More details on market activity for all NV property…
After months of tracking approximately twenty per cent below the ten-year seasonal average, Metro Vancouver home sales surged more than 30 per cent year-over-year in October. The Greater Vancouver REALTORS® (GVR) reports that residential sales registered on the Multiple Listing Service® (MLS®) in the region totalled 2,632 in October 2024, a 31.9 per cent increase…
North Vancouver September 2024 active listing totals were up and sales totals down for all property compared to same month in 2023. 18/46 NV house sales were in the $1,500,000-$1,999,999 range and 21 in the $2,000,000-$2,999,999 range in contrast to 49/71 November condo sales were in the $400,000-$899,999 range and 18 in the $900,000-$1,499,000 range.…
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…
