Blog by Patricia Houlihan
August 11th, 2010
Real Estate
Investments-where is the best place for Vancouverites to buy Real
Estate?
Here is another Financial Post article with
some interesting information. Personally, I still plan to buy more
real estate in Vancouver as the market moves into more of a buyers'
market-but there are some other options. If you are thinking of buying elsewhere,
let me know and I will try to find you a good ...
Posted in General
August 10th, 2010
What is the market doing/going to do
in Vancouver Real Estate?
Here is an interesting article on the Canadian real estate
market...Vancouver real estate does tend to fare better than most
other markets BUT I would have to agree with a lot of what is said
below. Please call me to discuss or if you have any
questions.
Patricia
(604)376-7653
phoulihan@waterfrontvancouver.ca
Getting real
G ...
Posted in General
August 10th, 2010
August 2010 Market
Update
For those of you thinking about
selling, it is important to realize how vital the Art of Pricing is
to the sale of your home.
All sellers want the highest price
possible for their homes, but the strategies to get there are not
always intuitive. In certain circumstances, pricing low can be more
effective than pricing high, while in others, pricing above market
v ...
Posted in General
August 5th, 2010
REBGV Stats July
2010
Vancouver Real Estate Buyers-the
time to act is now!
The Real Estate Board stats are
out for July and it is looking good for buyers! Prices haven't
tumbled so sellers are still doing fine but the selection, time
available to make a decision, and slightly lower prices combine
with the still low interest rates to make this a very attractive
time for buyers to get into th ...
Posted in General
July 27th, 2010
The Waterfront Market in
Vancouver area is a bit crazy! Some great deals out
there!
Well in theory the market has slowed down a bit but the last week
has been crazy-we were in 2 bidding wars yesterday-very
unexpected. Even more crazy is the range in waterfront pricing
in the lower mainland right now. There have been some recent
sales in West Vancouver that I thoug ...
Posted in General
July 23rd, 2010
REBGV Stats June 2010
Activity steady to start the
summer season
The Greater Vancouver housing market experienced steady activity to
begin the summer season.
The Real Estate Board of Greater Vancouver (REBGV) reports that
residential property sales in Greater Vancouver totalled 2,972 in
June 2010, a decline of 30.2 per cent compared to the 4,259 sales
in June 2009, which was the secon ...
Posted in General
July 23rd, 2010
July 2010 Market Update
Welcome to the 2nd Half of the Year!
On July 1st, the HST came into effect.
To calculate how the HST will affect a
typical new house
price, please visit
www.macrealty.com to use the HST
calculator. Remember though, there are many subtleties to the HST
laws and its associated transition rules. An accountant will likely
be needed to answer these more detailed ques ...
Posted in General
July 20th, 2010
The mortgage broker in our office just sent me this so for those
of you who haven't heard the news today:
Canada's central bank issues gloomy outlook as it raises
trend-setting rate by quarter point
By Julian Beltrame, The Canadian Press
OTTAWA - The Bank of Canada has hiked its trendsetting interest
rate a quarter point to 0.75 per cent, while issuing a more gloomy
outlook for the econo ...
Posted in General
July 16th, 2010
New Construction
All new residential construction will now be
taxable at the 12% rate rather than the previous 5%. To offset some
of this, the government has introduced a New Housing Rebate which
will significantly reduce the burden of the additional tax up to a
house value of $525,000. For new construction valued at over
$525,000, the purchaser will receive a flat rebate of $26,250,
meaning ...
Posted in General
June 15th, 2010
June 2010 Market Update
With the HST implementation date quickly approaching, many of
you have asked what effect this new value-added tax will have on
real estate prices in BC. To answer this question, we must break
down its effects into 3 categories: New Construction, Resale, and
Fees.
New Construction
This category is the one that is likely to be most influenced by
the change from G ...
Posted in General