January 2008

Tax Burden High for Homebuyers

by Maggie Chandler January 31, 2008

by Cameron Muir, BCREA Chief Economist

How would you like to pay your provincial income tax three times this year, just so you can buy a home? Unless you’re a first time buyer, that’s exactly what’s in store for you. BC’s property Transfer Tax (PIT) is payable on the purchase price of all real estate transactions …

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The Yale and Cecil Hotels

by Maggie Chandler January 28, 2008 Downtown

Drove by the Yale Hotel yesterday and saw a Rezoning Developement Permit, so did some research and here’s the scoop. (if you live downtown you will know they are located at the north end of the Granville Street bridge).

Bought for about $10 million in 2006, the Yale will be deemed heritage by City Hall, whereby …

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Today’s Stats

by Maggie Chandler January 25, 2008 Kitsilano

In my market area there were 36 new listings, 20 sales (1 sold at list and 3 over list) and 11 price reductions.

Currently there are 1111 condos listed on MLS in vancouver west and 146 sales for the month, of which 8 are over 1 million. Average days on the market (DOM) 45.

Compared solds for same period in …

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Just Listed!

by Maggie Chandler January 24, 2008 Downtown

2803-1189 Howe, Downtown Vancouver

Updated subpenthouse at The Genesis. Features hardwood floors, new stainless steel appliances, blinds Rare 3 bedroom, SE corner with great city views plus English Bay to the west. Large Dining Room & insuite storage, 2 parking. Pets and rentals ok. 24 hr security concierge, indoor pool, guest suite, gym, steam and sauna, …

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Property Transfer Tax (PTT) and First Time Homebuyers Program

by Maggie Chandler January 24, 2008 First Time Buyers

If you are a first time buyer , you may exempt from the PTT.

The Provincial Government released this information in November 2007

http://www.sbr.gov.bc.ca/documents_library/brochures/FirstTimeHomeBuyer.pdf

or call 250-387-0604

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Where to Find Vancouver Events

by Maggie Chandler January 24, 2008

Find out what’s happening in Vancouver, view this site – music, theatre, sports, comedy, nightlife, film, charity and other events.

when you’re ready to buy or sell Vancouver real estate, contact Magge – an experienced realtor marketing Vancouver homes since 1981

this site is updated regularly, subscribe via RSS or email

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How Does Your Neighbourhood Compare?

by Maggie Chandler January 23, 2008

Perhaps you live in a specific n’hood and wish to move up to a larger property but find it expensive, so you are wondering how other neighbourhoods compare in price? Or maybe you’re a first time buyer and renting, love your hood but cant afford to buy a property in it.

REBGV puts out these stats …

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Canada & U.S. Central Banks Cut Policy Rates

by Maggie Chandler January 22, 2008

Are you real estate buyer in Vancouver? Then you’ll be happy about rates going down.

Bank of Canada cuts policy rate by 25 basis points
The Bank of Canada cut the overnight rate by 25 basis points to 4% saying that “further stimulus is likely to be required in the near term to keep aggregate supply and demand in balance …

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Kitsilano Point New Listing

by Maggie Chandler January 22, 2008 Kitsilano

The ink hasn’t dried on this one yet!

Come home to 1450 Laburnum on Kits Point.

Steps to Vancouver’s most popular beach. this spacious studio has been completely renovated, the great taste, including new windows and sound proofing exterior wall. New tile floors, new kitchen with stainless fridge and cooktop. All new bathroom with large shower and seemless …

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Mortgage Rates Drop Again

by Maggie Chandler January 22, 2008

Are you real estate buyer in Vancouver? Then you’ll be happy about rates going down.

Bank of Canada cuts policy rate by 25 basis points
The Bank of Canada cut the overnight rate by 25 basis points to 4% saying that “further stimulus is likely to be required in the near term to keep aggregate supply and demand in balance …

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