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Vancouver Not at Risk of Housing Crash: RBC

A crash in the Vancouver real estate market is “unlikely, given still-solid economic underpinnings,” according to a national housing report released by RBC April 24. Although it identified affordability “stress” as a key risk factor in the Vancouver housing market, and despite a “small improvement… mostly in the single family market” in pricing in late 2016, the report observed that prices are on the ...

What you need to know about Vancouver’s Empty Ho...

Own a home in Vancouver? If it’s not your principal residence, eligible for an exemption, or rented out for at least six months in 2017, it will be subject to the Empty Homes Tax – a 1% tax on the property’s assessed value. What if my home is vacant or occasionally-used? Take the City’s online questionnaire to find out if the tax applies to you. ...

Whether to Buy Resale or Presale: The Pros and Cons

When you’re looking for a home to buy, one of the biggest decisions is whether to buy a resale home through the MLS® or whether to go to a developer’s sales centre and buy a brand new unit off plan. Both decisions have their advantages and disadvantages, and knowing what those are will help you make the right choice for you. Resale home Pros: …

One bedroom or Two? Comparing Lower Lonsdale

One Bedroom or Two? Comparing Lower Lonsdale over 5 years! I continue to look at the graph between 1 or 2 bedrooms in North Vancouver. Which is a better investment, a 1 bed or a 2 bed? For first-time home buyers, size versus price can be a big question. Do you buy a condo with two bedrooms at a price that might stretch you …

Five Great Things about Living in North Vancouver

While the City is a relatively densely populated area with plenty of condos, the District extends into the North Shore Mountains, offering plenty of wild, open spaces and some of the best outdoor recreation in the Lower Mainland. In fact, North Vancouver is said to have the region’s happiest residents, according to a 2014 poll – and it’s easy to see why. Here are …

New public transit routes will connect Vancouver to Sq...

You could soon be taking a public transit bus from Metro Vancouver to Squamish, Whistler and Pemberton. BC Transit is looking at the possibility of connecting Vancouver and the Sea-to-Sky corridor with public transit service. The areas are currently only connected by private bus companies and seasonal float plane routes. The inter-regional transit network is part of BC Transit’s Sea-to-Sky Transit Future Plan project …

BC Budget 2017: BC’s First-Time Home Buyers Get ...

The BC government is raising the threshold for the first-time buyer Property Transfer Tax exemption to $500,000 from $475,000, finance minister Mike de Jong announced February 21 in the 2017 Budget Announcement. The partial exemption threshold has also increased to $525,000 from $500,000. The changes will now affect more first-time home buyers by exempting, or partially exempting, those buying between $475K and $525K, and …

Lower Lonsdale Plans: Cultural District of the North S...

The city of North Vancouver has always been a bit of a second sibling to Vancouver.  North Vancouver is morphing from sleepy bedroom community to would-be Brooklyn. The groundbreaking ceremony for the long awaited new home for Presentation House Gallery (renamed Polygon Gallery in a nod to its lead donor), Canada’s largest non profit independent photography gallery, speaks to North Vancouver’s ongoing renaissance. The …

Here’s how to apply for BC’s first-time ho...

You’ve heard about it since December, but it’s finally real – now BC residents can get a loan to help them buy their first home. The provincial government has invested more than $700 million in the BC Home Owner Mortgage and Equity (HOME) Partnership, which will provide up to a $37,500 loan to first-time home buyers. Applications for the program opened on January 16, and will be …

24 hours of Winter hosted at Grouse Mountain this Fami...

How often do you get the chance to watch the sun set AND rise from the top of a mountain? This Family Day Weekend in Vancouver (February 11 – 12, 2017) Grouse Mountain will be staying open for 24 consecutive hours of winter fun. There will be round-the-clock activities to keep you awake throughout the night including Skiing, Riding, Snowshoeing, Light Walk, Skating, Ziplining, …

Province to exempt those with work permits from foreig...

Premier Christy Clark said her government is planning to make changes to the foreign homebuyers tax, saying it will exempt those in Metro Vancouver who have work permits. Clark made the comments Sunday while speaking to reporters at a Lunar New Year event in Vancouver. “We’re going to lift the foreign owners tax on people who have work permits, who are paying taxes and …

Applications Open for 1st-time B.C. Homebuyers Loan

Applications are open for the B.C. government’s new Home Partnership program, which provides loans of up to $37,500 to help first-time homebuyers fund their down payment in the province’s pricey housing market. Those already hunting for their first home, however, should know the loans are not available right away — the closing date on a purchase must be after Feb. 15, 2017 for your …