Homeowners grant limit upped to $1.6 million GEORDON OMAND The Globe and Mail British Columbia residents whose homes are valued at up to $1.6-million will now be eligible for a reduction on their annual property-tax bill. The provincial government announced the change Tuesday, days after many residents were surprised by dramatic increases in the assessed […]
Meeting the demand in Langley Michael BernardThe Vancouver Sun The Belmont at Heritage Project Address: 22084 Fraser Highway, Langley Project Scope: 55 condominium homes ranging from one- to three-bedroom units in a four-level wood-frame building. Situated in the historic Langley community of Murrayville, about 45 minutes drive to Vancouver, but self-sufficient with major supermarket, community […]
Ephraim VecinaCanadian Real Estate Wealth In its latest set of data releases, the Real Estate Board of Greater Vancouver revealed that sales volume in the city suffered a massive decrease of nearly 40 per cent year-over-year in December (22 per cent month-over-month). This accompanied similar drops in home listings compared to November 2016 numbers, with […]
Martin RumackREM An Ontario case, Rimmer v. Building Insights Inc., may give some comfort to potential buyers – but it probably keeps home inspectors awake at night. It features a home inspector who was ordered to pay almost $19,000 to a buyer who hired him, all because he reported on a significant defect verbally, rather […]
Ephraim VecinaCanadian Real Estate Wealth While Canadian real estate has long been attractive to enterprising Asians and Europeans who are looking to invest or park their wealth into overseas housing, an analyst stated that the long-running loonie-greenback exchange rate might make homes in Canada even more enticing for foreigners. Vestcap Investment Management senior portfolio manager Lyle […]
Ephraim VecinaMortgage Broker News New rules implemented by the Chinese government on those who are looking to exchange for yuans into foreign currencies might lead to a noticeable slowdown in the Canadian housing market, in which overseas investors are now playing a major part. Beginning this month, mainland authorities will now be requiring documents providing details […]
Ephraim Vecina Mortgage Broker News Climbing interest rates along with recently enacted policies intended to moderate runaway price growth will introduce a strong element of unpredictability into the Canadian housing market this year, according to various observers. “2017 is likely to see a tug of war between rising longer-term interest rates and market-cooling policy measures pulling […]
Prudent to spell out details in council minutes Tony Gioventu The Province Dear Tony: Our strata council and property manager have had the habit of recording a simple ending to each council decision. MSC: motioned, seconded, carried. Several council members are unhappy with this as they want the owners to know they sometimes disagree and […]