north vancouver: Misleading Real Estate Articles in Vancouver
- 12/19/13 01:19 AM
Before we delve into the impressive increase in market activity from 2012 to 2013, it’s important to note that 2012 was a very slow year based on 10-year averages in Greater Vancouver, and as such the amount of increased activity we’ve experienced since last year is artificially inflated as a result. In reality, this growth represents more of a return to norm, than it does some fantastic increase in activity that some may use to mislead the public.
Home sales in Greater Vancouver experienced a decrease in 2012 when lending regulations were tightened in an attempt to avoid any … (2 comments)
north vancouver: Vancouver named one of Canada's most walkable cities.
- 12/16/13 09:03 AM
A company from Seattle has recently named Vancouver as Canada’s most walkable city with Toronto and Montreal in 2nd and 3rd place respectively. This can only be further good news for Vancouver’s real estate market as it reflects positively on a city that is already considered to be environmentally friendly. Vancouver is considered one of the best places to live in the world, in a time when environmental issues are so important, the ability of Vancouverites to leave their car at home is just one more reason why people may choose to settle in Vancouver. Although at times controversial in … (1 comments)
north vancouver: Taxation for Foreign Investors in Vancouver?
- 12/14/13 04:03 AM
A recent article from a Chinese news website has proposed the implementation of a new tax which only applies to non-resident buyers of Vancouver Real Estate. Many attribute the high prices of Vancouver real estate to foreign buyers who are looking to park their money in Canada, and some local residents of the city think foreigners should have to pay extra. How does a tax like this look though, would it be a one-time tax paid upon the purchase of the property such as our already implemented Property Transfer Tax? Or would the tax come in the form … (0 comments)
According to a new report from global rating agency Fitch Ratings, the outlook isn’t as positive as many homeowners would like to see. The agency is predicting that in 5 year window, we will see prices “flatten” or decrease modestly and put an end to the climb we’ve been experiencing. Many skeptics have been calling for a market correction for years, advising homeowners to sell now and cash out while the market is still hot. The same skeptics are calling for homeowners to turn to renting instead, which could be beneficial in the short term if … (2 comments)
Before we delve into the impressive increase in market activity from 2012 to 2013, it’s important to note that 2012 was a very slow year based on 10-year averages in Greater Vancouver, and as such the amount of increased activity we’ve experienced since last year is artificially inflated as a result. In reality, this growth represents more of a return to norm, than it does some fantastic increase in activity that some may use to mislead the public.
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