Bill, from the Properties in Victoria Professionals real estate team, sat down with Callum Greig of Prime Mortgage Works at his Victoria BC office to review what happened in the Canadian mortgage world in 2018 and how the changes introduced affected the consumer’s purchasing power. We also touched on what we may or may not see […]
Read More
Earlier in the year the BC Government proposed a speculation tax, in their opinion, to mitigate rising real estate prices in certain sectors of the provinces (Nanaimo, Kelowna, Great Vancouver and Greater Victoria). The tax affects home owners who own a second property in one of the four areas that was not their primary resident. […]
Read More
Recently, Bill Ethier from the Properties in Victoria Professionals Team sat down with Hunter Boucher, Member Services Manager at Landlord BC to learn about some of the rule/regulation changes surrounding the BC Residential Tenancy Act. The following highlights were touched on during the video interview. Back in December 2017 the BC Government introduced changes to the rules […]
Read More
We had such a great time hosting our 4th annual PVP Movie Night in February! We invited clients, family and friends to the Vic Theatre, and we LOVED reconnecting with everyone. More than 100 people came to our client appreciation to enjoy our appy hour and feature film complete with drinks, appetizers, cupcakes, candy and […]
Read More
How will the new mortgage rules affect your real estate purchasing power? Callum Greig from Prime Mortgage Works discusses with Sarah West how the new rules can and could affect your real estate decisions going forward. As of January 1st, 2018 the Canadian Government implemented new Mortgage Rules affecting what you can afford. Banks now […]
Read More
The British Columbia Real Estate Association (BCREA) reports that a total of 6,580 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in February, down 31.7 per cent from the same period last year. Total sales dollar volume was $4.53 billion, down 39.7 per cent from February 2016. The average MLS® residential price […]
Read More
On the heels of multiple government announcements in 2016 and early 2017, the British Columbia Real Estate Association (BCREA) welcomes the latest: an increase in the Property Transfer Tax exemption threshold for first-time buyers, announced in Budget 2017. The increase, to $500,000 from $475,000, takes effect today. BCREA appreciates this government’s attention to the needs […]
Read More
Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 14.1 per cent to 96,345 units this year, after reaching a record 112,209 units in 2016. A moderation trend that began early in 2016, combined with tougher federal government mortgage qualification rules and the foreign buyer tax in Vancouver, is expected to […]
Read More