Homebuyers of new or presale homes for real estate in BC may be wondering about the GST New Housing Rebate. Questions like, “Who pays the GST?” or “Do I Qualify for GST New Housing Rebate” come to mind when buying new or presale homes. If you're looking to buy a new or presale home in…
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BC Home Sales Finally Improve Home sales had not had an increase in Greater Vancouver for over a year and a half. That cycle was finally broken in July with a sharp 22.6% increase in sales for the Greater Vancouver area and a total increase of 12.4% for the Province of BC over the last…
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Canadian Real Estate Prices Return To Growth After Brief Decline If you think that waiting a little longer is the key to a great deal, you could be wrong. Over the past few months we have seen an increase in sales activity, July was the second highest selling month this year so far. We saw a…
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Top 5 Things to Know about Property Transfer Tax! When purchasing a home as a new buyer, there are many costs that are not talked about, one of them being property transfer tax. It's important to understand what this is, how it is calculated, and when you will have to pay it, to avoid any…
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Top 5 Things to Do in Yaletown #1. Enjoy Feasting and Drinking at Award Wining Restaurants This is the only area in Vancouver that you can enjoy year round patio season! Don't worry about the winter, the patios are covered and heated. Sip on some of the cities finest cocktails or local craft beers or…
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History of the West End Like all of Vancouver, the West End was originally a forested wilderness. The area was purchased in 1862 by John Morton, Samuel Brighouse, and William Hailstone, three men known as the "Three Greenhorn Englishmen. Originally they had plans of establishing a brickworks in Coal Harbour with the hopeful intent of…
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Vancouver Housing Market to See a Re-Set According to the Vancouver Sun, "Both Neil Chrystal, president of Polygon Homes Ltd., and Eric Carlson, founder and CEO of Anthem Properties, two of B.C.’s biggest developers, told the recent Urban Development Institute’s annual forecast luncheon that they expect the markets to take a breather and “prices to…
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What is inheritance tax? It should be noted that there is NO inheritance tax in Canada as of 1972, however a provision on capital gains was added. What CRA does is it treats the estate as a sale, unless the estate has been inherited by a living spouse or common-law partner. And of course, there…
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Tony Spagnuolo, President of Spagnuolo & Company Real Estate Lawyers explains what you should look for when reading a title search in British Columbia. How to read a Title Search “Today we're going to talk about how to read a title search, what the information is that's on there that's common anyway, we're going to…
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Reading Strata Docs Continued... Let's continue on where we left off. Reading strata docs can be challenging and hopefully this information will help to guide you smoothly through this process to ensure that you are making an informed decision when buying a condo. Title Search Next up we have title searches, they're pretty hard to…
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