Greater Vancouver Real Estate Market Report for October 2018

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

What foreign buyers need to know about taxes

Property in the Lower Mainland continues to attract investors world-wide. So it’s important for buyers to understand Canada’s tax laws. Here is a brief summary of information. Resident or non-resident? Under Canada’s income tax system, whether an individual is a...

Greater Vancouver Real Estate Market Report for September 2018

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

New powers for strata corporations to fine owners of short-term rentals

Strata corporations will have new powers to pass bylaws restricting or banning short-term rentals and fine non-compliant owners or residents up to $1,000 a day because of changes to the BC Strata Property Regulation. The goal is to help strata corporations deal with...

Tips to help sell your home

Are you thinking of selling your home? Before your Royal Pacific Realty Realtor® begins showing your home, you'll want to ensure it’s in tip-top condition. An attractive, well-kept home typically has a better chance of selling sooner. Minor exterior and interior...

How to buy a sound strata property

If you're planning to buy a strata property there are resources and information available to help you make an informed decision. Resources BC Civil Resolution Tribunal is a free service if you have a strata dispute. Licensing and Consumer Services Branch at BC Housing...

read more

You can qualify for a mortgage when you’re self-employed

In BC, about 18% of the workforce is self-employed, according to Statistics Canada. Most work out of their homes. If you’re one of them and you’re thinking of buying a home, when you go shopping for a mortgage, you should be prepared since you'll be treated...

read more

What’s in the BC Budget for home buyers?

Property Transfer Tax (PTT)  Qualifying first-time home buyers can now buy a home priced up to $500,000 and not have to pay the PTT effective today. (The previous threshold was $475,000). The partial exemption increases to $525,000 from $500,000. First-time homebuyers...

read more

New rules for the capital gains Principal Residence Exemption

Changes to the Principal Residence Exemption (PRE) were announced last year on October 3. The PRE allows a home owner an income tax exemption on capital gains they realized when they sell their designated principal residence as defined in the Income Tax Act 40(2)(b)....

read more

Foreign buyer tax exemption coming for those with work permits

Foreign nationals with Canadian work permits, living and paying taxes in BC, will soon be exempt from the 15% additional Property Transfer Tax. “It’s important to send a message to foreigners who want to come from America that they are welcome if they’re going to work...

read more

Appealing your property assessment

The deadline to appeal your property assessment is February 1, 2017. Property owners who disagree with their assessment should do homework by: comparing their assessment with neighbouring properties; and contacting BCA at 1-866-valueBC (1-866-825-8322) and talking to...

read more

Great Vancouver property assessments surge

Property owners received their 2017 assessment notices the first week of January. The District of Squamish saw the greatest increase in Metro Vancouver with a 47% increase for detached homes. North Vancouver’s Lynn Valley and Burnaby’s Buckingham neighbourhoods were...

read more

Subscribe To Royal Pacific's Monthly Market Report!

Receive the latest market news and trends from your Royal Pacific Real Estate Experts!

Thanks for subscribing! You are now included in our monthly newsletter sent on the 2nd week of each month. And, you can unsubscribe at anytime!