Vancouver home sales register a strong finish to cap off 2024
Home sales registered on the Multiple Listing Service® (MLS®) in Metro Vancouver rose over thirty per cent in December, compared to the previous year, signalling strengthening demand-side momentum to close out 2024. The Greater Vancouver REALTORS® (GVR) reports that residential sales in the region totalled 26,561 in 2024, a 1.2 per cent increase from the 26,249…
homes | mortgage | Real Estate
Exciting New Mortgage Rules Effective December 15th
Exciting New Mortgage Rules Effective December 15th Exciting changes to mortgage rules are here! Here’s what you need to know: Key Updates 1. 30-Year Amortizations 2. Higher Price Cap 3. Newly Built Homes Focus • Homes must be owner-occupied and not previously used for residential purposes. What This Means for You
Developer reimagines Capilano Mall with 3,100 homes, 40 storey towers, and new park
Developer reimagines Capilano Mall with 3,100 homes, 40 storey towers, and new park There will be 11 towers in total and the range of tower heights will vary between 12 and 40 storeys. A massive new redevelopment is planned on North Shore as Capilano Mall is reimagined with more than 3,000 housing units in eleven…
Home buyer demand continues to strengthen in November
Home buyer demand continues to strengthen in November Home sales registered in the MLS® in the Metro Vancouver1 market rose 28 percent year-over-year in November, building on the momentum of the 30 percent year-over-year increase seen in October. Sales The Greater Vancouver REALTORS® (GVR)2 reports that residential sales in the region totalled 2,181 in November 2024, a…
Buyer | buyers | Buying | Buying Your Home | first time home buyers | home buyers | homes | new homes | Real Estate | Townhomes | Vancouver
How to Buy a House in Vancouver in 2024
What You Should Know Before you start looking for a home, it’s important to understand the current real estate market in Vancouver. This gives you an idea of how much a home would cost and how much you would need to save up for. Based on current home prices in Vancouver as of October 2024, the average…
How to Buy a House in British Columbia 2024
Proposed Anti-Flipping Tax On April 7th, 2022, the federal budget plan proposed a new anti-flipping tax. The tax is imposed on people who own real estate for less than a year. You may lose your Principal Residence Exemption if you buy a primary residence and move for non-exempt reasons. Additionally, if you sell an investment…
First Time Home Buyer Incentives in Canada 2024
There are four main incentive programs for first-time home buyers in Canada: Land transfer tax rebates, which rebate some or all of your land transfer tax. Some municipalities have down payment assistance programs (DPAPs) for first-time homebuyers. The Home Buyers’ Plan which allows you to withdraw up to $60,000 (since April 16, 2024) from your Registered Retirement Savings Plan (RRSP) without…
court | financing | foreclosure | Real Estate | Realtor
Buying a Foreclosure Home in Canada
If you are interested to have access to all Vancouver Foreclosures MLS® Listings, please click on the “VIP Insider Access” button. In the “Notes” box include the code “Foreclosures” or visit Vancouver Foreclosures and register What You Should Know Foreclosed homes are typically homes put on sale by lenders after the previous buyer defaults on their mortgage. Foreclosures are rare…
Economists confident in December rate cut amid inflation growth
Canada’s inflation remains manageable, analysts say Canada’s inflation rate saw a modest rise in October, but economists say it’s unlikely to derail the Bank of Canada’s anticipated rate cut next month. The Consumer Price Index (CPI) increased by 2% on an annual basis, up from 1.6% in September, according to Statistics Canada’s latest report. Despite…