History of the West End Like all of Vancouver, the West End was originally a forested wilderness. The area was purchased in 1862 by John Morton, Samuel Brighouse, and William Hailstone, three men known as the "Three Greenhorn Englishmen. Originally they had plans of establishing a brickworks in Coal Harbour with the hopeful intent of…
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Vancouver Housing Market to See a Re-Set According to the Vancouver Sun, "Both Neil Chrystal, president of Polygon Homes Ltd., and Eric Carlson, founder and CEO of Anthem Properties, two of B.C.’s biggest developers, told the recent Urban Development Institute’s annual forecast luncheon that they expect the markets to take a breather and “prices to…
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Canada's money supply growth is pointing to a slower economy When we talk about market trends in real estate it is important to look at the bigger picture, the economy. What is the slow and growth of money looking like for residents of Vancouver and Canada. The amount of money people have, and can borrow,…
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What are assignments when it comes to real estate? We are here to answer all of your questions. You may have heard of assignments a lot this year, as they have been getting a bit of a bad rap lately. It's important that you understand what an assignment is in order to make the best…
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Prospective home buyers remain on the sidelines in March. Holding pattern continues according to the REBGC stats. In March Metro Vancouver home sales dropped to the lowest levels seen in more than three decades. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019,…
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Buyers Hold the Power in This Market...Why? Here's the thing, we've got people wondering...is it a buyer's market or seller's market? Well, prices have come down slightly, let's say that multiple offer situations on desirable homes is no longer the 'norm'. Homes are not selling as fast, and I'll be clear here that this is…
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What is inheritance tax? It should be noted that there is NO inheritance tax in Canada as of 1972, however a provision on capital gains was added. What CRA does is it treats the estate as a sale, unless the estate has been inherited by a living spouse or common-law partner. And of course, there…
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Attention all homeowners! Do you qualify for the home owner grant? When it comes to property taxes in Vancouver there are a myriad of things to be aware of that could qualify you for tax exemptions. We have covered in detail the new taxes that have come out in the past year regarding Speculation Tax…
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Vancouver Real Estate & Capital Gains In Vancouver Real Estate - many owners have made plenty of money on their homes or Real Estate investments. What do you owe the Government? "In simple terms, a capital gain is an increase in the value of an investment (such as stocks or shares in a mutual fund…
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Information for Foreign Sellers and the Taxes that are included... The tax rate for homeowners in Vancouver has drastically gone up over the past several years. We have another blog post which you can view here, that touches on the new Speculation Tax & Empty Homes Tax. In this post we are going to specifically…
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