Greater Vancouver Real Estate Market Report for April 2019

Here's a look back at real estate market statistics for Greater Vancouver listings and sales for April 2018 from Royal Pacific Realty. Subscribe to receive these directly in your inbox every month! MLS® HPI Benchmark Price for April 2018 HPI stands for...

Greater Vancouver Real Estate Market Report for March 2019

Here's a look back at real estate market statistics for Greater Vancouver listings and sales for March 2018 from Royal Pacific Realty. Subscribe to receive these directly in your inbox every month!MLS® HPI Benchmark Price for March 2018HPI stands for “Home...

Greater Vancouver Real Estate Market Report for February 2019

Here's a look back at real estate market statistics for Greater Vancouver listings and sales for February 2019 from Royal Pacific Realty. Subscribe to receive these directly in your inbox every month!MLS® HPI Benchmark Price for February 2019HPI stands for...

Greater Vancouver Real Estate Market Report for January 2019

Here's a look back at real estate market statistics for Greater Vancouver listings and sales for January 2019 from Royal Pacific Realty. Subscribe to receive these directly in your inbox every month!MLS® HPI Benchmark Price for January 2019HPI stands for...

Real estate is still a great investment

How would you like to own an investment – your home - that increased in value more than three times (342%) in just under 20 years? That’s what would have happened if you had bought a home in Greater Vancouver in the year 2000.The benchmark sales price in December 2000...

Greater Vancouver Real Estate Market Report for February 2018

Here's a look back at real estate market statistics for Greater Vancouver listings and sales for February 2018 from Royal Pacific Realty. Subscribe to receive these directly in your inbox every month! MLS® HPI Benchmark Price for February 2018 HPI stands for “Home...

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The new speculation tax. Who pays it?

In the February 28, 2018  Provincial Budget, the BC government announced it would introduce legislation to impose an annual speculation tax effective for the 2018 tax year. The speculation tax targets foreign and domestic speculators in BC - homeowners with property...

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Rate hike increases mortgage costs

The Bank of Canada increased its interest rate to 1.25% from 1.00%. How will this effect mortgage holders? All six major banks have raised their posted five-year, fixed-rate mortgage rates to 5.14 per cent from 4.99 per cent. Mortgage costs and income required Housing...

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New mortgage rules effective now

Effective January 1, 2018, home buyers who don’t require mortgage insurance — those with a down payment of 20 per cent or more — must qualify for their mortgage at a higher rate.

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Greater Vancouver property assessments mixed

Property owners will receive their 2018 assessment notices this week. The 2018 Assessment Notice is BC Assessment’s (BCA’s) estimate of a property’s value as of July 1, 2017, and for new construction or substantially renovated homes, the physical condition as of...

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Vancouver’s Empty Homes Tax – what you need to know

In response to a rental vacancy rate of less than one per cent and a significant number of empty homes, the City of Vancouver has implemented an Empty Homes Tax. The city estimates the tax will raise $2.2 million per year when fully implemented. The tax rate is 1 per...

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Holiday selling makes good sense

Good will and holiday cheer makes this season a great time to sell your home. Here’s why: Christmas buyers are serious buyers. While there may not be as many home buyers looking, those who are looking are serious. These include those relocating from out of town who...

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Vancouver approves new regulations for short-term rentals

Vancouver city council approved new regulations for short-term rentals of less than 30 days, on November 14, 2017. As of April 1, 2018, property owners and renters will be permitted to advertise the short-term rental (less than 30 days) of their principal residence on...

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