August was a steady month for the Greater Vancouver housing market. Sandra Wyant, president of the Real Estate Board of Greater Vancouver, noted that ”We’ve seen a healthy amount of demand in the marketplace this summer compared to the number of homes listed for sale. The market today is much stronger than we saw last year and is consistent with our long-term averages for this time of year.”

Sales and Listings
After an unexpected sales surge in July, the Greater Vancouver housing market settled down a bit in August, as it usually does at the height of summer. Sales continued to hover around the 10-year average. In July they beat the average by 1 per cent, but they dropped to 4.6 per cent under in August.

Throughout Greater Vancouver, 2,514 homes sold on the MLS® last month. The statistic you’ll see quoted gleefully is the year-over-year increase: sales were up 52.5 per cent from [...]

July, 2013 was unusual on two fronts. Most noticeably, it was the sunniest July in Greater Vancouver since 1986.  It was also the biggest month for home sales this year. Usually there’s a summer lull in home sales. Not this year. Sandra Wyant, president of the Real Estate Board of Greater Vancouver, suggests that “pent-up demand from the slowdown in sales activity we saw at the end of last year” was one factor.

The glorious weather, the hint that mortgage rates might go up some more, and stable prices might also have had something to do with it.

Or maybe it’s just the alignment of the planets, because this activity wasn’t confined to Greater Vancouver. July sales were up in the Fraser Valley, which has been experiencing 10-year lows for over a year. Toronto also had a bigger-than-expected July. In fact it had the third-best July sales on record.

That means the three most expensive housing markets [...]

Sunset Park (Sunset Park) garbage littered the streets like the housing market recovery stage. The Brooklyn side of the residential area is elevated highway with six lanes, the other side is an area of ​​478 acres of the cemetery, however, since the recession began, where prices have been rising.

Thanks to Liusong Yan (transliteration) like the immigrants, who dream of owning a house for the residential areas to promote the recovery of the real estate market, this model throughout the United States increasingly common.

66-year-old Liusong Yan said: “Having your own house is very important to me.” 1985 Liusong Yan from China Taishan came to New York, became a garment factory worker. Every working day is long, this continued for 20 years, he reduced food to save money dismiss clothing, and finally come up with all their savings to buy a set in Sunset Park modest two-story brick house. For a long time, Sunset Park [...]

According to the data from The Real Estate Board of Greater Vancouver, there are not as many as usual buyers out there right now, it shows last month was the lowest April sale since 2001. However if compare to 2 months ago, there are certainly more of them than there were.

Higher prices, softer Chinese economy, financing, tougher immigration regulations are all contribute to less demands. as President of the Real Estate Board of Greater Vancouver, Sandra Wyant said “While the number of home sales remains below average, properties that are priced right are selling,”

Compare sales in 2013 March – April to sales 2012 March – April:

Apr 2013 / Mar 2013 Apr 2013 / Apr 2012
Overall Sales +11.9% -6.1%
Detached +13.9% -5.5%
Townhome +18.3% +5.8%
Apartment +7.1% -11.6%
New Listings +21.4% -3.0%
Current Listings +8.2% +1.2%

If you would like to know more about [...]

Arbutus Ridge is located at the intersection of 16th Avenue and Arbutus Street. This new project has 49 homes including 47 condos and 2 townhouses, developed by Cressey. It offers you 5 storey concrete construction, within the high-point of Vancouver Westside community. There are only 2 1 bedroom units 12 of 1 bedroom and den units; the rest are two-bedroom units. All of the units come with high quality finishing; air conditioning; with view from every direction; storage locker; parking stall. Unit sizes from 624 Sq/Ft; 678 Sq/Ft to 1808 Sq/Ft with price from $439,000 -$1,650,000. The completion estimates will be in Fall 2015. The address is: 3113 Arbutus St, Vancouver, BC

If you need any further information about this project, please do not hesitate to call 604-773-5317.

To buy a new home, sales tax from original 12% under the HST is now 5% GST and 2% BC Transition Tax. These reduced tax rates take place from April 1st, 2013. The 12% HST applies if the seller transferred either possession or ownership of a new home to the buyer prior to April 1st, 2013; The 5% GST applies if the seller transferred both possession and ownership of a new home to the buyer on or after April 1st, 2013.

The real estate commission fee payable before April 1st, 2013, the 12% HST applied; If the real estate commission is payable after April 1st, 2013, the 5%GST applied.

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