Found 2 blog entries tagged as North Vancouver.

Back on August 12, 2016 I wrote about the new 15% property tax that was introduced for residential property transfers to foreign entities (non-Canadian Citizen or non-Permanent Resident) in the Greater Vancouver Regional District.  I asked the question... "Will the new foreign tax make Vancouver real estate more affordable?".  It was too early to tell back then and now that 6 months have gone bye... did it? 

I have analyzed all of the listing and sold data. I separated houses from condo & townhomes and calculated their average prices. This is what has happened from August 2016 to January 2017:

In Metro Vancouver (Downtown Vancouver, Vancouver Westside, Vancouver Eastside, North Vancouver, West Vancouver, Richmond, Tsawwassen, and Ladner) …

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With the price of houses in Vancouver, how does one afford to buy one? Do you ask your parents to help? Do you get renters to help with the mortgage? How about both? The answer is... YES!

The price of houses has been climbing up over the past few years as well as the land values.  Neighbourhoods with great schools have seen some of the highest price appreciation as well as land that allows you to have multiple dwellings.  Baby boomers are retiring, selling their homes for astronomical numbers and are downsizing.  The kids have moved out, the parents don't need as much space anymore, they can sell their home and retire early.  This is causing a big transfer of wealth as some parents are helping their kids buy a home and are transferring the wealth to…

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