January market update 2010 - 02/21/10 10:34 AM
Lot prices are level compared to last January but down 6% 12 months to date. Sales however are up 182% over last year.
Single family home sales are up 77% to last January up 15% 12 months to date. Prices seem to have leveled off 4% over last year -4% 12 months to date.
Condo sales (Apartments) are up 123% over last Jan. up 5% 12 months to date. Prices are up 5% over last Jan but still down 12 months to date.
The inventory of single family homes has been very low as sales pick up. March should bring more … (0 comments)

Active Nanaimo MLS Listing Update - 02/16/10 11:29 AM
RE/MAX of Nanaimo real estate
 
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HST on new homes in BC - 02/16/10 11:20 AM
The government announced it's plans to implement HST (Harmonized sales tax) on new homes beginning July 1, 2010. The 12% tax would replace the existing 5% GST.
The HST at 12%, composed of a federal part at 5% and a provincial part at 7%, would apply to a builder's sale of a newly constructed or substantially renovated residential complex, including a multiple unit residential complex (e.g., an apartment building). The sale of housing that has been previously occupied by an individual as a place of residence and that is exempt from GST would also be exempt for purposes of the HST. … (0 comments)

 

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