From the category archives:
As I talked about in my post yesterday, first time buyers are returning to the Vancouver real estate market in significant numbers. Well-priced, good quality homes are selling fast and even the odd multiple offer is occurring.
There is another article about the first-time buyer phenomenon in today’s Globe and Mail.
We often see first-time buyers driving [...]
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In the Vancouver real estate statistics that I publish on this blog on a regular basis, I’ve been mentioning that the market has strengthened. On these pages, I’ve pointed out that a lot of the renewed activity in our market appears to be coming from first-time homebuyers.
Anecdotally, I am receiving calls and gaining clients that [...]
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On February 19th, Carole Taylor announced the 2008 Provincial budget. Much has been made of the “green” budget. Somewhat lost in the green glare has been the fact that the Provincial government increased the threshold for First-Time Buyer’s to qualify for exemption from the Property Transfer Tax.
If you qualify under the program, you can now [...]
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I find that there is a lot of confusion out there about what the Property Transfer Tax (PTT) is and who has to pay for it. With that in mind, I thought that I would try and clarify a few things.
The PTT is a tax imposed by the Provincial government on all transactions of property. [...]
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