HST Update Nov.19/09Government listens to Real Estate Board on HSTThe BC Government has announced that it will exclude new homes costing up to $525,000 from its proposed 12 per cent Harmonized Sales Tax (HST) scheduled to take effect July 1, 2010.The government has also increased the rebate of the provincial portion of the HST paid on a new home to a maximum of $26,250. This represents a 30 p ...

To learn more about the impact of HST vs GST & PTT on the purchase of a new home go to the link and look at the chart: http://www.vancouver-real-estate-direct.com/HST/chart.html

Market momentum carries into August The number of home sales in Greater Vancouver increased significantly last month compared to August 2008 and moved closer in line with the active summer months experienced between 2003 and 2007. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver increased 119.5 per cent in August 2009 to 3,441 ...

Summer is Definetly HOT! (August 2009)  Not only is the weather hotter than hot but also the market. Examples; A little 2 BR, 800 s.f. character house in East Vancouver with partially finished basement at Fraser St. & E.19th Ave. on a 33' x 112'. Listed at $569,000 had 12 offers and sold for $650,000! Another 2 BR home in Burnaby at Dundas St. & Gilmore Ave. 880 s.f. house with 1 BR suite i ...

Now into the 6th year of a real estate market boom, every year seems to be a copy of one of the years before. Some years the market goes strong from start to finish as it did in 2003, 2005 & 2006 and some years like 2002, 2004 & 2007 it goes strong from January to August then slows down for the rest of the year only to start up again in the new year. When the Buyers are looking for house pr ...

Average Price Graph '77 to '06

Go to Market Update above and click on Fall Market Trends 2006.

Some of my latest sales have been; 2555 W. 14th Avenue, Vancouver (Kitsilano) for $1,040,000 8141 Explorers Walk, Vancouver (Champlain Heights) for $277,000 3690 E. 48th Avenue, Vancouver (Killarney) for $607,000 #406-1955 Woodway Place, Burnaby (Brentwood) for $175,000 #104-2080 Maple Street, Vancouver (Kitsilano) for $275,000 To know what your $$$$ can buy in Vancouver and the Lower M ...