Fraser Valley housing market simmers in July
SURREY, BC – Sales on the Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) remained strong in July – however, for the first time this year, monthly sales did not break a historical record for our region.
The Fraser Valley Real Estate Board processed 1,962 sales of all property types on its MLS® in July, a decrease of 10.2 per ce ...
Re: Property Transfer Tax
We just heard that the BC government is increasing the PTT by 15% tax for purchasers who are foreign entities. Here is what we know:
1. A foreign national is one who is not a Canadian citizen or permanent resident. If it is company that is purchasing, a foreign company is one that is not incorporat ...
News Release: September 2, 2015
STRONG SALES ACTIVITY CONTINUES THROUGH AUGUST
SURREY, BC – In August, home sales in the Fraser Valley moderated in comparison to July’s record-setting pace, however, they remained elevated compared to historical norms for the month.
There was a total of 1,734 property sales processed in August, an increase of 33 per cent compared to 1,302 sales during Augus ...
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,179 on the Multiple Listing Service® (MLS®) in April 2015. This represents a 37 per cent increase compared to the 3,050 sales recorded in April 2014, and a 2.9 per cent increase compared to the 4,060 sales in March 2015.
Last month’s sales were 29.3 per cent above the 10-ye ...
CMHC Has increased their rates again. It’s the second time in about a year that CMHC has raised its fees on homeowners. CMHC’s move targets only those putting down less than 10%, which equates to $450 per $100,000 of mortgage.
- If your loan-to-value is over 90% and your lender submits your complete application to CMHC before June 1, 2015, you’ll pay th ...
Mortgage wars heat up Vancouver’s already hot real estate market!
A lowering of a popular financing option for home buyers could cause more harm than good for at least one Vancouver couple.
“Why couldn’t [interest rates] just go up to where they were before, and we would probably be able to find a place?” asks Melanie Lee. She and her husband are looking to buy their first home, but have fo ...