Metro Vancouver home sales eclipsed 5,000 in March for the first time on record.
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Metro Vancouver home sales eclipsed 5,000 in March for the first time on record.
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The Real Estate Board of Greater Vancouver (REBGV) is pleased to introduce Dan Morrison as its 2016/2017 president. Morrison replaces outgoing President Darcy McLeod.
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I was meeting with my business development manager for Canadian Home Income Plan (CHIP) about their reverse mortgage product today, and he shared with me an experience with a client of his bank that is at once shocking but also, unfortunately, not uncommon.
There is a private mortgage lender who advertises on the radio that did a mortgage for a client who was terminal with cancer. The mortgage amount was $500,000. Do you know how much the fees were? $65,000! That is insane! CHIP was able to take care of him in a way that he could enjoy his remaining days with his family in comfort, and provided a much more fair solution, but that is not really the point of the story. It is technically legal to charge those kinds of fees, but it does not make it fair, equitable or correct. (more…)
The Real Estate Board of Greater Vancouver (REBGV) recognised two REALTORS® yesterday for their exemplary commitment to charity and community causes.
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The latest BC government budget announced changes in how the property transfer tax is charged. Here is a summary of the changes:
Virtually none. Those buying new homes will save some money. Those buying homes for more than $2 million will have to pay slightly more, but it will surely not affect their ability to buy the home that they want.
A strong fourth quarter closed 2015 as a record-breaking year in commercial real estate sales in the Lower Mainland.
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The Canadian government recently made a change that has now come into effect regarding the minimum down-payment required to purchase a home. Previously, 5% was the minimum down-payment required to buy a home under most normal circumstances. (more…)
Last month was the highest selling February on record for the Metro Vancouver* housing market.
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Home buyer activity remains at near record levels across the Metro Vancouver housing market.
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In a year when the number of homes listed for sale was below historical averages, actual home sales in Metro Vancouver set a new record.
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