Category: Uncategorized
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Impact of The New Home-Flipping Tax in Vancouver, BC
Realtor Kim Lee discusses the upcoming new home-flipping tax in Vancouver, highlighting its potential positive impact on the housing market. She sees it as a step towards a more balanced and stable market, benefiting genuine homebuyers. Kim emphasizes the importance of informed decision-making for clients and believes the tax will lead to a healthier real…
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Vancouver’s Red-Hot Housing Market: Prices on Fire!
Benchmark home price in Vancouver climbs ^4.5% to $1,183,300 (as of February 2024). This represents a ↑ 28% increase over the past four years.
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Fast-Track to Your Vancouver Condo: Savings Timeline Simplified
In Vancouver, a solo buyer would need to save for 12.2-mo to afford the minimum down payment of $50,190. Condos are the most affordable property type, ideal for single-income buyers.
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New Listing: 2232 PITT RIVER ROAD
Attention Investors: This sub-dividable lot with RS4 zoning is an excellent opportunity for development or a rent-and-hold strategy. The property features a huge 11,748 sq ft lot with lane access and a renovated 3-level split home with new flooring, LED lighting, newer kitchen cabinets and appliances, a newer main bathroom, newer windows, and window coverings.…
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Vancouver to be adding middle housing
A new state law requires Vancouver to allow duplexes, fourplexes, and sometimes sixplexes in single-family home neighborhoods. The law aims to increase housing supply, overriding zoning laws to allow for more diverse housing options. Vancouver will work on implementing standards for these new housing options. Continue to full article
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Vancouver Approves Motion To Explore Building Co-Op Housing On City-Owned Land
Vancouver City Council approved a motion to partner with non-profits to utilize City-owned land for building more co-op housing. Co-op housing allows residents to own the building cooperatively, leading to lower housing charges. The focus is on renewing existing co-ops and creating new ones, with a particular emphasis on the False Creek South area. The…
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Vancouver’s Swift Adaptation to Housing Reforms
Provincial housing legislation impacts Vancouver's municipal planning and development. Vancouver engages proactively with Bills 44, 46, 47, and 43, setting ambitious housing targets and methods.
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Tips for Negotiating Your House Price in 2024
When buying a home, successful negotiation depends on understanding market value, finances, and inspection results. Tips include researching market value, knowing finances, and using a home inspection. Negotiate for price, repairs, warranties, closing costs, and other terms. Consider walking away if terms are unacceptable. Continue to full article
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Vancouver CRE: Vacancy Decline Signals Upturn for 2025
Changes in interest rates are anticipated to boost activity in sales and leasing in the latter part of the year. CBRE’s Real Estate market outlook predicts rate cuts by June 5, aiming for a 4% policy rate by year-end.
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Happy April Fool’s Day
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!