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vancouver: Vancouver Real Estate Market Update - 10/02/09 05:07 PM
October 2, 2009REBGV September Stats
Buyer demand remains strong while home listings increase
Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in August 2009, and an increase of 124.5 per cent compared to September 2008 when 1,585 sales were recorded.
"As homes sales in Greater Vancouver continued at an elevated pace in September … (0 comments)
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vancouver: New Home Renovation Tax Credit Introduced - 08/07/09 06:59 PM
Effective January 29, 2009,any Canadian who spends
money on home renovations will be eligible to receive up to
$1,350 in tax relief thanks to the new Home Renovation Tax Credit proposed in Harper
Governments Economic Action Plan. Every time Canadians investin home renovations, they are
helping to create construction and building-supplies jobs in
their own communities, said the Prime Minister. By providing an incentive for
Canadians to invest in their homes, we are also encouraging them to invest in
local jobs.
To highlight the kind of projects that will be eligible under this plan, the Prime Minister
visited an Ottawa-area home … (0 comments)
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vancouver: Energy-Saving Renovations for Your Home - 08/04/09 04:10 PM
Save Money, Energy - and
the Environment
Improving the energy efficiency
of your home can do
more than reduce your energy
use and help protect the environment.
It can also help you
reduce drafts and noise, fix
moisture and condensation
problems, improve your indoor
air quality and comfort level -
and help save your family
money year round.
Regardless of where you live
or the type of house your
family calls home, Canada
Mortgage and Housing Corporation
(CMHC) has a number
of energy-saving tips you can
use to help you save money,
save the environment - and
reduce your … (0 comments)
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vancouver: Create Value in Your Home - 08/01/09 06:05 PM
For investors looking to maximize their return on investment,
heres all you need to know: building an income suite is by far How do I increase the value of my property?
Thats the question on
every homeowners mind. There are two key survival strategies. The
first is to think long term, have a plan and stick to it. History shows
that this plan of action can pay off.
The second tactic is to outperform the market. This means ensuring
your property increases in value at a greater rate than those in
your surrounding market. One way to do that is … (0 comments)
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vancouver: Golden Rules of Renovation - 07/31/09 07:47 PM
The Canadian Renovator Association offers a number of golden rules to help renovating homeowners achieve their goals.
Know what you want. Take the time you need to explore the possibilities for your home and develop a firm plan. Begins with the fundamentals-what do you need and how you want your
Set a realistic budget. Decide as early as possible how much money you want to spend-this allows you and your renovator to focus on the work that is doable within that budget. Experienced renovators can provide sound cost advice.
Plan for the long term. Thinking ahead avoids short-term renovations that may … (0 comments)
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vancouver: Five Tips on Selling in a Slow Market - 07/31/09 07:38 PM
1 Know Your Market
Learn your market, the value of your property and your competition. Most sellers operate in the dark, simply offering the property for the price they want, without regard to what other homes have sold for and are currently selling for. Undervaluing or overpricing your home can cost you tens of thousands of dollars. 2 Price Your Home Right
With homes sales slowing and prices plunging, therethat selling for a good price in todaySo if you try to ask as much for your property as your neighbour got a year ago, youyour home … (0 comments)
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vancouver: Lock out Crime! - 07/28/09 02:10 PM
Every three minutes, a home in Canada is burglarized. Many of
those break-ins occur while the homeowners are away. But
burglaries can also take place when you are at home, at any time
of the night or day.
To help lock crime out of your home and keep your house and
family safe and sound, Canada Mortgage and Housing Corporation
(CMHC) offers the following tips:
Make sure your lighting and landscaping offer a clear view of
your house from the street. Keep your windows and doors free
of trees, bushes or other obstructions that could provide a
hiding place for someone … (0 comments)
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vancouver: Buy or Sell First? - 07/24/09 04:36 PM
Buy or Sell First?
If you are considering looking for a new home, and are a current home-owner, then chances are you're wondering what your strategy should be: do you wait to find the perfect new home before you put your current home on the market, or do you sell first and then look around? You have a few options. Use the following as a guide to explore what might be the best move for you.
Sell First:
There are several benefits to selling your current home before searching for your next home. First of all, once you … (0 comments)
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vancouver: Tips for the Moving Process - 07/09/09 04:10 PM
Tips for the Moving Process
It's official: you've signed the papers, dotted all the i's and crossed the t's-you own a home! You've almost reached the end of your journey. However, now, faced with the daunting task of moving, it may seem as though the journey has just begun. Moving can be a time-consuming and stressful experience if you let yourself be overwhelmed by the job. Remember, though, having a successful move means taking care of the details, one by one. If you break the process down into steps and arrange your time accordingly, you can make it manageable. Use … (0 comments)
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vancouver: Market conditions drive strong June housing sales - 07/09/09 02:21 PM
Market conditions drive strong June housing sales
VANCOUVER, B.C.
The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties increased 75.6 per cent in June 2009 to 4,259, from the 2,425 sales recorded in June 2008. The figure is just short of the record-breaking 4,333 sales which occurred in June 2005.
New listings for detached, attached and apartment properties declined 17.9 per cent to 5,372 in June 2009 compared to June 2008, when 6,546 new units were listed. However, new listings increased 13.5 per cent from May to June of this year. Total active … (0 comments)
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vancouver: 8 Mistakes to Avoid When Buying a Co-op - 04/22/09 05:21 PM
8 Mistakes to Avoid When Buying a Co-op
You've been saving for awhile, weighing your options, looking around casually. Now you've finally decided to do it-you're ready to buy your own home. With the escalating market, a Co-op apartment may be an ideal route towards home ownership. The experience of purchasing a new home is exciting, but it can also be a little confusing.
It is essential you do your homework before you begin. Learn from the experiences of others, do some research. Of course, with so many details involved, slip-ups are inevitable. But be careful: learning from your … (0 comments)
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vancouver: Metro Vancouver real estate sales bounce back - 04/05/09 06:16 PM
Metro Vancouver real estate sales bounce back
Numbers down from one year ago, but a strong surge in the month of March across Lower Mainland and the Island
Real estate sales have bounced back in March compared to February, up 53 per cent in Metro Vancouver, 48 per cent in the Fraser Valley and 34 per cent on Vancouver Island.
Moreover, in some areas prices showed signs of recovery as well.
The numbers are still down significantly from last March but are still encouraging, said Paul Penner, president of the Fraser Valley Real Estate Board, where prices have eked … (0 comments)
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vancouver: 7 Things to Look for in a New Neighbourhood - 04/05/09 05:40 PM
7 Things to Look for in a New Neighbourhood
Whether seeking solace, activity, churches, or green space, every homebuyer looks for a different combination of attributes in a new community. Choosing a neighbourhood that suits your needs and wants is one of the most important decisions you'll make in the home-buying process; your choice of environment will affect the way you experience your new home. This is a very personal decision, influenced by countless unique factors colouring your own lives, but you should always keep the following in mind:
If you're considering buying a home in a community that is … (2 comments)
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vancouver: TOP LEGAL MISTAKE TO AVOID - 03/18/09 02:45 PM
The process of buying or selling a property seems to involve a million details. It is important that you educate yourself on as many parts of this process as you can-this knowledge could mean the difference of thousands ofdollars in the long-run. The legal issues involved in the process are often particularly intricate, ranging from matters of common knowledge to subtle details that might escape the untrained eye. Any of these issues, if not handled properly, could develop into larger problems
With so many legal issues to consider, your first step should be to seek out experienced professionals … (0 comments)
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vancouver: WHAT IS A CO-OP? - 03/16/09 06:42 PM
Many times I have been questioned about the word "co-op". There seems to be some confusion among co-op owners and especially the public about the distinction between private co-ops and government subsidized co-ops with respect to the real estate market. In Vancouver, the term "co-op" is often used to describe some forms of Government subsidized housing but please note that this type of housing is not handled by the Real Estate Board and the difference between the two is quite clear to all of its members.
The term "Co-op" is used to describe self-owned apartments pre-dating the Condominium Act. … (0 comments)
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vancouver: Know the Market before You Buy - 03/16/09 02:10 PM
The asking prices of most homes on the market indicate the current state of the market, and usually mirror the prices for which other similar homes in the area have recently sold. In deciding upon a selling price, a home-seller must establish a balance between the desire to draw the highest offer and finding a price that will be reasonable enough to attract an appropriate pool of prospects, and competitive offers. While most selling agents counsel their clients to consider this equation when pricing their home, keep in mind that some homes are not properly priced.
It's important … (1 comments)
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vancouver: BEAUTIFUL TOWNHOUSE IN BEAUTIFUL VANCOUVER! $799,000 - 02/27/09 07:19 PM
Top of the line 2bdrm, 2bath Townhouse in the heart of Kitsilano, one of the most sought after neighborhood in Canada!
Top of the line townhouse in the heart of Kitsilano! Development by Living Homes, this Ted Seeberg designed suite is not only well built but has the 'Wow' factor. With its open floor plan, chocolate color stained oak H/W floors, granite countertops, S/S Bosch appliances, and Liebherr fridge, this suite is a rare find. It also boasts designer fixtures throughout, built-in speakers on every level, a fireplace, radiant heat, a large soaker tub, and a custom built … (1 comments)
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vancouver: Home listings withdraw as sales volume slows! - 02/23/09 07:38 PM
News Release
VANCOUVER, B.C. . February 3, 2009.
The first month of 2009 saw a continued reduction in the number of homes listed for sale in Greater Vancouver, while sales volumes in January were the lowest for that month since the early 1980s. The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment properties declined 58.1 per cent in January 2009 to 762 from the 1,819 sales recorded in January 2008. New listings for detached, attached and apartment properties declined 20.9 per cent to 3,700 in Janu- ary 2009 compared to January 2008, when 4,675 … (1 comments)
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vancouver: TOP OF THE LINE TOWNHOUSE IN BEAUTIFUL KITSILANO! - 02/11/09 03:44 PM
Development by Living Homes, this Ted Seeberg designed suite is not only well built but has the 'Wow' factor. With its open floor plan, chocolate color stained oak H/W floors, granite countertops, S/S Bosch appliances, and Liebherr fridge, this suite is a rare find. It also boasts designer fixtures throughout, built-in speakers on every level, a fireplace, radiant heat, a large soaker tub, and a custom built multi-jetted shower to enjoy. This two bdrm, two bath suite includes a large crawlspace for storage, an additional storage locker, a one car garge, a private courtyard, and a balcony on the top floor! … (0 comments)
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