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…
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 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 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…
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…
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…
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…
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 react to the latest consumer price index print The Bank of Canada has made it clear that any changes in interest rates will be data dependent, but how is the latest consumer price index data likely to influence its decision? With the CPI print from Statistics Canada released Tuesday showing an uptick in the pace of…
A recent waterfront home for sale along the Sunshine Coast embodies the saying, luxury living. Located at 5871-5879 Sunshine Coat Highway, this stunning property overlooks breathtaking views of Trail Bay in Sechelt — the only thing more jaw-dropping than its views is its $14,800,000 price tag. According to Zealty, the property’s asking price is almost three times higher than its assessed value, which came to $5,660,000 in 2024. InFrame Real Estate InFrame Real Estate InFrame Real Estate The waterfront estate offers its future owners five bedrooms and eight bathrooms and is described as an “architectural masterpiece.” There are custom-tailored bespoke finishings throughout the home, from custom entry doors to a gorgeous wrap-around staircase. It is constructed with a traditional timber frame, which mirrors the beauty of the surrounding nature inside the property. The real showstopper of the home is its floor-to-ceiling fireplace, which spans an impressive 30 feet. Constructed of ancient Utah ocean floor rock and anchored by a six-ton solid black granite hearth, this fireplace takes the already-luxurious living room to a whole new level. InFrame Real Estate InFrame Real Estate But it’s not just the inside of this property that will leave you speechless. As you step into the exterior of the home, you’ll find multiple outdoor spaces extending the living area while maintaining an unobstructed view of the ocean and sunset. During the summer months, you can enjoy your lunch breaks outside on the vast patio and even take a quick dip in the pool between meetings. InFrame Real Estate InFrame Real Estate InFrame Real Estate It’s not hard to see why this estate has a hefty price tag. So, if you have a cool $15 million to spare, why not pay a visit to this property? To check out the full listing, click here.