Found 5 blog entries tagged as Vancouver Real Estate.

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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That is a great question!  As you have most likely heard or read... on July 25, 2016 the Government of British Columbia announced that... as of August 2, 2016, there is an additional 15% property tax that applies to residential property transfers to foreign entities (a non-Canadian Citizen or Permanent Resident) in the Greater Vancouver Regional District.

The Greater Vancouver Regional District includes Anmore, Belcarra, Bowen Island, Burnaby, Coquitlam, Delta, Langley, Lion's Bay, Maple Ridge, New Westminster, North Vancouver, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Surrey, Vancouver, West Vancouver and White Rock.

The tax is collected at the time the property transfer is registered with the Land Title Office and it does not exempt…

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The Real Estate market is not taking a winter break here in Metro Vancouver... it is still going strong! Here are 5 things that are important to know about the real estate market in Metro Vancouver: 

  1. Supply:  We had 4,041 properties listed thru the month of November which is down -57% from this time last year (November 2014) and down -19.5% from last month (October 2015). 

    Currently we have 2.1 months of inventory for detached houses and 2  months of inventory for attached homes (condos, townhouses and 1/2 duplex).

  2. Demand: 1,941 properties sold in November which is up +38% from this time last year (November 2014) and is only 88 less than October.

  3. Time:  The average time for a detached house to sell was 18.6 days and for attached homes

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It's Movember! Time for the men to grow out their mustaches for prostate cancer awareness.  The Vancouver real estate market is also still growing! Here are 5 things you should know about the real estate market in Metro Vancouver:

  1. Supply:  We had 4,829 properties listed thru the month of October which is down -45.2% from this time last year (October 2014) and down -13.2% from last month (September 2015). 
    If we look into those stats further.... we have 2.2 months of inventory for detached houses and 1.7 months of inventory for attached homes.

  2. Demand: 2,029 properties sold in October which is up +16.1% from this time last year (October 2014) and is up +12.3% from last month (September 2015).

  3. Time:  The average time for a detached house…

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It's May and our Real Estate market is booming! I have analyzed all of the stats from April and here are 5 things you should know about our real estate market right here in Metro Vancouver:

  1. Supply: We had 6,361 Active listings in April which is down -25.7% from April 2014.  Leaving us with only 2.2 months supply of houses and 3 months of supply for attached homes (condos, townhouses & 1/2 duplexes).

  2. Demand: 2,377 properties sold in April which is up +39% from April 2014.

  3. Prices: The average price of a house is $1,463,643 which is up +18.5% from April 2014 and the average price of an attached home is $509,425 which is up +4% from April 2014.

  4. Market Type: We are in a seller's market for houses with 55% of the houses selling within a…

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