From the category archives:
The News
August 24th, 2009 Work to resume on Arthur Erickson designed highrise
August 23rd, 2009 A tale of two Olympic Athlete’s villages
August 21st, 2009 What does the HST mean to me?
August 21st, 2009 Woodward’s condo project opens
August 19th, 2009 Three billion dollar shortfall in BC’s budget
August 19th, 2009 Dockside Green: Setting a new standard for green building
August [...]
{ 0 comments }
It’s tough to beat the type of news week we had last week for the Vancouver real estate market. This past week we were still mulling over the affects of some of the announcements made last week, such as the HST. The biggest news of the week, was the record July we had in the [...]
{ 0 comments }
The provincial government announced on July 31st, 2009 that it was ending the loan program of the Homeowner Protection Office. You’ll recall that I first drew attention to the matter at the beginning of the month when the Homeowner Protection Office first indicated that there were funding problems for the interest free loan program.
The loan [...]
{ 0 comments }
There was a lot that happened this past week that affected Vancouver real estate. We began the week with the Bank of Canada predicting economic growth for the upcoming quarter (thereby announcing an end to the recession). The other big news this week came from the provincial government. They announced their plan to introduce a [...]
{ 0 comments }
I recently provided an update on the BC government’s proposal to implement a Harmonized Sales Tax and it’s impact on the Vancouver real estate market. The HST was a surprise to us all. It’s unfortunate that the provincial government chose not to consult those of us directly impacted before announcing the tax.
The Announcement
The announcement of [...]
{ 0 comments }
The following is commentary from the BCREA (BC Real Estate Association) on the impact of the HST (Harmonized Sales Tax) on the BC real estate. It is reproduced here with permission of the BCREA.
________________________
Harmonized Sales Tax
On July 23, 2009, Premier Gordon Campbell and Finance Minister Colin Hansen announced that, effective July 1, 2010, BC will [...]
{ 0 comments }
Laneway Housing has been a term bandied about in Vancouver for some time. It was a core principal of the Eco-Density initiative that our previous mayor Sam Sullivan put forward. In theory city council approved laneway housing for Vancouver back in October 2008. However, no permits were given as the details of the building codes [...]
{ 0 comments }
A recent study revealed that there were neighborhoods in the Lower Mainland that saw price increases in the last year. Century21 commissioned the cross-Canada study to find the best performing neighborhoods in the country. Despite the slowdown in our local real estate market, Vancouver had three regions represented in the 21 hottest neighborhoods over the [...]
{ 0 comments }
Balanced markets emerging
If you’ve been reading this blog lately, or just watching the For Sale signs on your street, you know that the Vancouver real estate market has come back to life. In a number of recent posts, I’ve pointed out that this resurgence began with the reappearance of the first-time home buyer into the [...]
{ 0 comments }
On Tuesday, April 21st 2009 the Bank of Canada did the unexpected and announced a further 0.25% drop in the key overnight lending rate. The current interest rate is now 0.25%, an all-time record low which the Bank hopes will stimulate the economy by encouraging spending.
First time buyer looking to take advantage of the new [...]
{ 0 comments }
Twitter