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Blog by Patricia Houlihan

The Waterfront Market in Vancouver area is a bit crazy! Some great deals out there!

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 thought were great deals. 

We ...
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Posted in General

Activity steady to start the summer season

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 ...
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Posted in General

July 2010 Market Update

July 23rd, 2010
MDR Monthly Mkt Update Banner


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 quest ...
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Posted in General

Interest Rate Update

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 econom ...

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Macrealty Market Update Harmonized Sales Tax (HST)’s effect on real estate prices in BC

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 ...

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