Real Estate News; How to Win A bidding War; GST on vacation homes (Feb 6)
Posted by Denise Brown on
Feb 6 Newsletter FINAL by Denise Brown PREC
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Feb 6 Newsletter FINAL by Denise Brown PREC
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The Real Estate Board of Greater Vancouver REBGV brings us an update on the dramatic increase in strata insurance, and the changes made by the BC Legislature.
When news of skyrocketing insurance premiums for strata developments emerged at the beginning of the year the province tasked the BC Financial Services Authority (BCFSA) to investigate in search of solutions. The BCFSA is the agency responsible for regulating the private insurance sector in the province.
In June, BCFSA issued an interim report, which found that a practice known as ‘best terms pricing’ had contributed to premiums increasing an average of 50 per cent in Metro Vancouver. A subsequent report found that 94 per cent of sample…
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Active listings continue to go down
The number of sales keeps going up
The average and median sales prices keep going up
List prices are being corrected to match buyers perceived market value
I have said for many, many years, the right time to buy is when you see your perfect property. Now, no property is absolutely perfect. It could be in the right location. Has the number of bedrooms & bathrooms you need to fit your family. All the amenities you want.
But maybe it needs new paint. New furniture. The kitchen and bathroom are outdated. You are wondering if you are going to pay too much.
Relax .... take a step…
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Whistler Market Update Jan to Sept 2020. Whistler is outstanding compared to 2019. Take a look at the numbers below. It is a great time to sell your residential home or phase 1 nightly rental condo or townhome. Call me to find out what your home is worth. 604 902 2033
Denise Brown Whistler
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Contact me for more information on the current market. Click HERE
Have a great September!
Denise
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The Contract of Purchase & Sale outlines the terms and conditions on which a transaction takes place. Prepared by the BC Real Estate Association.
The video provides essential information to help consumers understand the CPS, addressing many common questions they may have, including:
Denise
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CLICK HERE to watch BCREA Chief Economist Brendon Ogmundson discuss the February 2020 statistics
Download the full report by BCREA's Economics Market Intelligence: Sketching Out the Potential Impact of COVID-19 on the BC Housing Market March 17, 2020. Click HERE
Overall Summary Findings:
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