B.C.’s Property Transfer Tax could be made less harmful
Burden can be a budget-buster for home buyers
New housing prices increased by 1.9% nationwide in July compared with the previous year, while Vancouver and Victoria were the only two cities in the country where prices dropped, according to Statistics Canada data released September 12.Prices in Vancouver decreased by 1.0% year-over-year while Victoria saw a 1.2% drop.Vancouver saw a slight increase (0.2%) in July compared with June – the same a... read more.
The British Columbia Real Estate Association (BCREA) released its 2013 Second Quarter Housing Forecast on May 8, 2013. For the Greater Vancouver area, BCREA is forecasting a 4.5 per cent increase to 26,600 MLS® residential sales for 2013 and an increase of 10.5 per cent for 2014. The average MLS® residential price is forecast to remain virtually unchanged through 2014 and 2015."Stricter mortgage c... read more.