Premier John Horgan and Sheila Malcolmson say speculation and vacancy tax addresses homelessness. The speculation tax is intended to address housing affordability and not hamper the real estate market, say the B.C. NDP. Nanaimo byelection candidate Sheila Malcolmson and B.C. Premier John Horgan spoke at a provincial NDP council meeting in Nanaimo (on Vancouver […]Read more "Want to avoid the speculation tax on your vacant home? Rent it out, Horgan says"
A drop by up to 10 per cent on the estimated value of some homes in Metro Vancouver reflects a broad softening in a once hot market that is being affected by wider economic shifts, say two experts. “It’s been a long time since we’ve had declining assessments,” said Tsur Somerville, an associate professor at […]Read more "B.C. housing market showing signs of moderation: Assessment agency"
After a screeching halt sometimes comes a crash. This was the year when Canada’s housing market hit the brakes. So what will happen in 2019? Predicting housing prices is famously difficult. And forecasting housing meltdowns like the one that nearly brought down the global financial system in 2008 may be downright impossible. For now, though, […]Read more "Here’s what to expect from the Canadian housing market in 2019"
Tighter mortgage rules and higher interest rates have dented buying power, but health of the economy backs higher demand. The British Columbia Real Estate Association estimates that economic growth will remain strong enough to support a boost in sales next year after a substantial decline in 2018, according to its latest forecast. When the dust […]Read more "Real estate forecast anticipates 2019 sales to edge up after 2018’s fall"
Canadian home sales fell 1.6 per cent between September and October 2018, reports the Canadian Real Estate Association (CREA). While activity is stronger now compared to the first half of 2018, it remains below monthly levels recorded from early 2014 to 2017. The number of transactions fell in more than half of all local housing […]Read more "CANADIAN REAL ESTATE UPDATE"
What to do to get your home ready for potential buyers. OUTSIDE Clean up the yard Weed garden beds Tidy the lawn Plant some flowers Make any repairs that need to be done (fences, downspouts, peeling paint, etc) Make sure people can walk around your home safely (without too much clutter, or risk of […]Read more "Open House Checklist"
Everyone thinks their home is the best on the market. The reality of it is, your home (like all things in economics) is only worth what someone will pay for it. If your home is over-priced, you are likely going to be listing it to sit, and not sell. You have determined your list price […]Read more "HOW TO DETERMINE IF YOUR HOME IS OVER PRICED"