Blog by Kory Prince

< Previous

  • +1
It’s Time to Reduce the Tax Burden on BC Home Buyers

April 24th, 2013

The Property Transfer Tax has not been adjusted to reflect the housing market in 26 years.


 

 

 

Do you think a reduction is overdue?

44852_562723910425246_2103513978_a.pngIn 1987 the BC government introduced the Property Transfer Tax (PTT), then called the Property Purchase Tax. It was touted as a wealth tax that would discourage speculation at the high end of the rea ...

Vancouver Real Estate Market Stabilizes?

April 9th, 2013

Vancouver Real Estate Market Stabilizes?

 

Residential prices continue to fall, but an increase in the sales-to-active-listings ratio points to increased market balance

 

real-estate-generic-web1.jpgThe Real Estate Board of Greater Vancouver’s most recent account of the previous month’s residential real estate sales and listings activity points to an increased stabilization of the local market. While sales did decrease ...

For Sale By Owner Question and Answer

March 12th, 2013

For Sale By Owner Question and Answer



"Why can't I just run my own ad to attract buyers?"



FSBO.jpgIf ads sold homes, you wouldn't need a Realtor. Ads are useful to attract attention, but most homes aren't sold through ads. What an ad does is invite buyers to contact you, but that doesn't necessarily mean that you will attract real buyers. A Realtor is experienced at screening these people and dev ...

Rent vs. Buy? With Real Estate, It Depends

March 11th, 2013

Rent vs. Buy? With Real Estate, It Depends

 

 

Rent vs Buy.jpgShould you rent your home, or buy it? It's a question that all Canadians wrestle with at some point in their lives.

For the most part, Canadians are in favour of home-buying, as official data shows that two-thirds of Canadians own their own homes. And the strategy is often viewed as a safe one and wise retirement savings vehicle.

But is it always ...

Details of the 14 City-Owned Sites for New Supportive Housing

March 8th, 2013

Details of the 14 City-Owned Sites for New Supportive Housing

 

Vancouver's 14 new supportive housing facilities are being built throughout the City.

This will allow residents in the new buildings to live near their families and friends, as well as be in familiar surroundings, and close to the services they rely on.

Here are the 14 new locations, along with key development and lease document ...

HST to PST: Transition Rules for Real Estate

March 8th, 2013

HST to PST: Transition Rules for Real Estate

 

 

Tax.jpgOn August 26, 2011, the provincial government announced that it will eliminate the Harmonized Sales Tax (HST) by March 31, 2013. Commencing April 1, 2013, in BC the HST will be replaced by the federal Goods and Services Tax (GST) and the BC Provincial Sales Tax (PST). On February 17, 2012, the BC Ministry of Finance and the federal Ministry of ...

New Supportive Housing Projects

March 7th, 2013

New Supportive Housing Projects

 


supportive-housing-site.jpgCouncil's priority is to end street homelessness by 2015.

As a result,  the City is adding is responding to the City's homeless crisis by developing 14 new supportive housing projects across the city.

When completed, this project will add an additional 1,200 much needed affordable rental units for homeless residents, and those at risk of becoming homeless.

T ...

Canadian Luxury Real Estate Set for a Boost from the Newly Rich

March 6th, 2013

Canadian Luxury Real Estate Set for a Boost from the Newly Rich

 

 

Beautiful Home.jpgDramatically growing numbers of mobile, wealthy individuals around the world promise to push up demand for luxury real estate, making high-end properties in Canada’s biggest cities increasingly valuable.

In 10 years, there will be 50 per cent more people on the planet with more than $30-million (U.S.) in net assets – or about ...

Rental Standards Database

March 6th, 2013

Rental Standards Database

 


rental-database-feature.jpgTo support the City's renters, we are creating an online searchable database of rental apartments in Vancouver.

The purpose of the database is to:

  • Help renters make better decisions about where they live
  • Motivate property owners and landlords to keep their properties in good order for renters

The database will contain publicly available information that the City ...

Kingsway Continental Non-Market Housing Project

March 5th, 2013

Kingsway Continental Non-Market Housing Project

 


kingsway-continental-ramada-inn.jpgIn November 2012, the City purchased the former Ramada Inn hotel at 3484 Kingsway and will convert the building into non-market housing.

The building will provide 123 units with priority for tenants from the Old Continental, a City-operated non-market housing building in downtown Vancouver that is closing. The new facility will be called the ...

< Previous