Realtor Insight - Page 3 of 4 - Vancouver Experienced Realtors

If You Sold Your Home Last Year You Have to Report It on Your Taxes

For the first time, Canadians who sold their homes in 2016 will have to report it to the Canada Revenue Agency, even though any gains remain tax-free if they’ve lived in the properties as long as they’ve owned them. Basic information related to the transaction, the year of purchase, the proceeds of the sale and […]

Five Things You Should Know About Your 2017 Property Assessment

Now that you have your 2017 property assessments in hand you may have questions about how those values soared so high – Single-family homeowners typically saw increases of 30-50% – and what to do if you disagree with the results. Below are five things you should know about your property assessment and how to dispute what […]

BC Government Set to Assist First-Time Home Buyers

Christy Clark has just announced the details regarding a home owners down payment matching program coming January 2017 to help our first time buyers. Under the program, the BC Government will match down payment funds for eligible first-time buyers up to $37,500 with a 25-year term second mortgage. Am I eligible? Buyers much be pre-qualifed […]

Will Your Non-Principal Residence Be Unoccupied for More than 6 Months?

Vancouver will have an Empty Homes Tax in place, effective January 1, 2017, with staff reporting on the Tax’s next steps to Council on Tuesday. Targeting the known 10,800 year-round empty and roughly 10,000 more under-occupied homes in Vancouver, staff are recommending that all non-principal residences (except those qualifying for an exemption) which are unoccupied […]

September 2016 Market Stats

Home buyers and sellers face changing market dynamics. Click here for Vancouver area statistic brought to you by Walter Homes PDF Format! Metro Vancouver* home sales dipped below the 10-year monthly sales average last month. This is the first time this has occurred in the region since May 2014. Metro Vancouver home sales […]

Expect Tougher Mortgage Rules by November

Home buyers should expect tougher mortgage rules to kick in as early as November 1 of this year. In an announcement released today by the nation’s financial regulator, banks and lenders that offer mortgage financing will face stricter regulations and this will translate into tougher lending rules for home buyers. Hot markets prompt tougher rules for […]