I just finished uploading this House for sale, 5054 45TH Ave, Ladner, British Columbia
Nice CENTRAL LADNER rancher on a LARGE 9138 SQ FT LOT, southern exposed with potential for 2 LOTS. Located close to school, shopping, and transit. This home features 3 bedrooms, including a large master with full ensuite. Cozy family room, spacious living/dining and kitchen make this a very comfortable place to call home.
H.S.T. will be eliminated April 1, 2013 (yes, April Fool’s Day). To help purchasers of new homes, the provincial government has announced transitional rules.
Effective April 1, 2012, buyers may be eligible for a provincial enhanced New Housing Rebate if they buy, as their primary residence, a home (as currently defined) priced up to $850,000. The current threshold is $525,000.
In addition, buyers may also be eligible for a provincial New Housing Rebate if they buy a secondary vacation or recreational home outside the Greater Vancouver and Capital Regional Districts priced up to $850,000.
Buyers of new homes will be eligible for a rebate of 71.43% of the provincial portion of the HST paid on the new home up to a maximum rebate of $42,500. Homes priced at more than $850,000 will be eligible for a flat rebate of $42,500.
Below are the typical scenarios.
If a buyer enters into an agreement dated on or before April 1, 2012 and they take ownership or possession on or before April 1, 2012, nothing changes. The buyer will pay the 12% HST and be eligible for a rebate of up to $26,250 on homes priced to a maximum of $525,000. Homes priced at more than $525,000 are eligible for a flat rebate of $26,250.
If buyers have entered into an agreement dated on or before April 1, 2012 and they take ownership or possession on or before April 1, 2013, they will pay the 12% HST and be eligible for a rebate of up to $42,500 on homes priced to a maximum of $850,000. Homes priced at more than $850,000 are eligible for a flat rebate of $42,500.
If a buyer purchases a presale residential property and they have an agreement dated on or before April 1, 2012 and they take ownership or possession on or after April 1, 2013, they will not pay the 7% provincial portion of the HST. Instead, buyers will pay a temporary transitional provincial tax of 2% on the full house price. This 2% reflects an embedded PST builders pay on materials.
If a buyer purchases a residential property and they have an agreement dated on or after April 1, 2012 but the construction of the home commenced before April 1, 2013, and they take ownership and possession after April 1, 2013, they will pay the 12% HST and be eligible for a rebate of up to $42,500 on homes priced to a maximum of $850,000. Homes priced more than $850,000 are eligible for a flat rebate of $42,500.
If a buyer purchases a residential property and they have an agreement dated on or after April 1, 2012 but the construction of the home commenced before April 1, 2013, and they take ownership and possession after April 1, 2013,they will not pay the 7% provincial portion of the HST. Instead, buyers will pay a temporary transitional provincial tax of 2% on the full house price. This 2% reflects an embedded PST builders pay on materials.
If the Contract of Purchase and Sale is signed on or after April 1, 2013, with possession after April 1, 2013,only GST is applicable. The HST will generally cease to apply to sales of real property (including residential real property) if ownership and possession of the property transfer on or after April 1, 2013. This will be the case for sales of new housing, irrespective of whether the agreement of purchase and sale was entered into before April 1, 2013 or whether construction of the new housing began before April 1, 2013.
If a Contract of Purchase and Sale is signed on or before November 18, 2009, or construction began before July 1, 2010, with possession on or after April 1, 2013 special transitional rules apply. In this situation a Buyer will pay a 2% transition tax.
If a Contract of Purchase and Sale is signed after November 18, 2009, or construction began before July 1, 2010, with possession on or after April 1, 2013 the buyer will pay a 2% transition tax. However the 2% tax will not apply where construction has been substantially completed before July 1, 2010 and the PST Transitional New Housing Rebate has not been claimed as of February 17, 2012.
All the same rules apply to recreational property that apply to other residential property.
I just finished uploading this Townhouse for sale, 47 KEEFER Place, Vancouver West, British Columbia
LOCATION is everything, this 1 bedroom townhome has it all! Large floor to ceiling, South facing windows, granite countertops, 2 patios, walk to shopping, sit and relax in one of the many coffee shops, walk to Rogers, Arena, Costco, Skytrain or enjoy the many parks, and easy access to transit, exercise in the Taylors. Club house rentals allowed as well as pets (with restrictions).
SURREY, BC – Overall, Fraser Valley’s real estate market in 2011 was below the 10‐year average in property sales and above average in the number of new listings received, however, according to the president of the Fraser Valley Real Estate Board, results varied widely depending on the community and property type.
Sukh Sidhu observes, “I can’t remember a year that illustrates better how local real estate is and the importance of talking to your REALTOR® before making a decision to buy or sell. For example, in my community of Abbotsford, sales of single family homes dropped by almost 7 per cent compared to 2010, pushing prices down slightly, while in South Surrey/White Rock sales increased year over year by 45 per cent resulting in double‐digit price increases.”
The Board’s Multiple Listing Service® processed 15,529 sales in 2011 compared to 14,891 the previous year, an increase of 4 per cent, while the number of new listings remained about the same – 31,592 in 2011 compared to 31,437 in 2010. Over the year, the number of active listings for buyers to choose from dropped by 9 per cent going from 8,139 properties in December 2010 to 7,399 in December 2011.
Although 2011 ranks the third slowest year for sales in Fraser Valley since 2002, it was only 10 per cent less than the 10‐year average of 17,210 sales. The volume of new listings received in 2011 was 6 per cent more than the 10‐year average of 29,867 new listings, placing last year third in ranking since 2002. For townhouses, the benchmark price in December was $315,330, a decrease of 2.1 per cent compared to the same month last year when it was $322,054 and down 3.8 per cent compared to November. The benchmark price of apartments in December was $237,285, a decrease of 1.2 per cent compared to December 2010 and a decrease of 0.5 per cent compared to November.
Sidhu adds, “One trend from 2011 that is clear was the preference for single family homes. For the most part in our region, both sales and prices of townhomes and condos either stayed on par with 2010 or decreased.”
Average prices year over year show detached homes up 9.1 per cent – $610,269 in 2011 compared to $559,456 in 2010. The average price of townhomes increased by 2.6 per cent, going from $336,484 in 2010 to $345,138 in 2011 and the average price of apartments increased by 0.9 per cent going from $223,910 in 2010 to $225,976 in 2011.
Courtesy of the Fraser Valley Real Estate Board
Please click on the link below for the Dec 2011 Stats
Fraser Valley Stats Dec 2011
VANCOUVER, B.C. – January 4, 2012
The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand.
The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales in 2009. Last year’s home sale total was 6.3 per cent below the ten-year average for annual Multiple Listing Service® (MLS®) sales in the region.
The number of residential properties listed for sale on the MLS® in Greater Vancouver increased 2.7 per cent in 2011 to 59,549 compared to the 58,009 properties listed in 2010. Looking back further, last year’s total represents a 12.8 per cent increase compared to the 52,869 residential properties listed in 2009. Last year’s listing total was 11.1 per cent above the ten year average for annual Multiple Listing Service® (MLS®) property listings in the region.
“It was a relatively balanced year for the real estate market in Greater Vancouver with listing totals slightly above historical norms and sale numbers slightly below,” Rosario Setticasi, REBGV president said.
Residential property sales in Greater Vancouver totalled 1,658 in December 2011, a decrease of 12.7 per cent from the 1,899 sales recorded in December 2010 and a 29.7 per cent decline compared to November 2011 when 2,360 home sales occurred. More broadly, last month’s residential sales represent a 34.1 per cent decrease over the 2,515 residential sales in December 2009, a 79.4 per cent increase compared to December 2008’s 924 sales, and a 12.6 per cent decrease compared to the 1,897 sales in December 2007.
The overall residential benchmark price, as calculated by the MLSLink Housing Price Index®, for Greater Vancouver increased 7.6 per cent to $621,674 between Decembers 2010 and 2011. However, prices have decreased 1.5 per cent since hitting a peak of $630,921 in June 2011.
“Our market remained in a balanced state for most of the year, although higher levels of demand for detached properties in the region’s largest communities caused prices in certain areas to rise higher than others,” Setticasi said. “For example, the benchmark price of a single-family detached home experienced double-digit increases in nine areas within the region over the last 12 months.”
New listings for detached, attached and apartment properties in Greater Vancouver totalled 1,629 in December 2011. This represents a 4.1 per cent decline compared to the 1,699 units listed in December 2010 and a 49.4 per cent decline compared to November 2011 when 3,222 properties were listed.
Sales of detached properties in December 2011 reached 630, a decrease of 18.1 per cent from the 769 detached sales recorded in December 2010, and a 30.2 per cent decrease from the 902 units sold in December 2009. The benchmark price for detached properties increased 11.2 per cent from December 2010 to $887,471.
Sales of apartment properties reached 774 in December 2011, a decline of 4.6 per cent compared to the 811 sales in December 2010, and a decrease of 32.9 per cent compared to the 1,154 sales in December 2009. The benchmark price of an apartment property increased 3.7 per cent from December 2010 to $401,396.
Attached property sales in December 2011 totalled 254, a decline of 20.4 per cent compared to the 319 sales in December 2010, and a 44.7 per cent decrease from the 459 attached properties sold in December 2009. The benchmark price of an attached unit increased 4.2 per cent between December 2010 and 2011 to $511,499.
Courtesy of the Real Estate Board of Greater Vancouver
Please click on the link below for the Dec 2011 stats of Greater Vancouver
REBGV Stats Dec 2011.pdf
I just finished uploading this Condo for sale, 304 9299 121ST Street, Surrey, British Columbia
IN the SOLID HUNNINGTON GATES COMPLEX, This 2 bedroom top floor unit with a "HUGE" den (Den can be used as a bedroom) offers close to 1400sq ft of living space. Your mortgage payments will be approximately $1000 based on 10% down/30yr mortgage/3.89% rate. Unit was recently painted. New laminate floors & Tiles were installed professionally. $342 Strata fee includes Caretaker, Garbage Pickup, Gas, Hot Water, Management, Recreation Facility, Snow removal. Functional layout, oversize kitchen with lots of counter space, large storage room, big balcony, side by side parking, few steps away to the elevator. GREAT VALUE, MUST SEE!!
I just finished uploading this House for sale, 4702 46TH Ave, Ladner, British Columbia
Excellent value nicely maintained 4 bedroom family home in desirable West Ladner location. Short walk to Elementary and Highschool.New double paned vinyl windows and hardwood and laminate floors throughout. Fully fenced park-like backyard w hich is great for kids and pets with large sunny south facing deck. Rear yard access with RV parking. Downstairs features newly renovated 1 bedroom, full bathroom and recreation room with wet bar. FANTASTIC DEAL!!
I just finished uploading this House for sale, 5296 CHAMBERLAYNE Ave, Ladner, British Columbia
Beautiful 3-BDRM Family Home located in quiet cul-de-sac close to schools, shopping, golf course, marina w/boat-launch & parks. Extensively renovated w/new hardwood floors in living/dining room, new gas fireplace, laminate flooring in BDRMs & new carpeting on stairs. All electrical & plumbing fixtures replaced throughout. New laundry room, gas furnace & hotwater tank. Formal living/dining area featuring new architectural lighting, skylight & vaulted ceilings create a spacious environment w/beautiful quality light. Upstairs has 3 large BDRMs with a sunny deck off the MBDRM overlooking cul-de-sac. Freshly painted exterior. Spacious KIT & EATAR opens to cozy family room w/wood-burning fireplace. OPEN House Sun June 5th, 2-4pm.
I just finished uploading this Townhouse for sale, 7336 Salisbury Ave, Burnaby, BC
Immaculate 2 storey townhouse unit available in prestigious Botanica! This 1230sqft, 3 bedroom 2 bathroom unit has a spacious and open floor plan. A large kitchen with eating area, engineered hardwood flooring, stainless steel appliances and double french doors that open to a sunny patio and back yard perfect for BBQ's and entertaining. Explore the Highland Parkway public walking trail which is located steps from your front door! It is centrally located near Highgate Village shopping centre, Metrotown Centre and Edmonds Skytrain.
MARCH HOME SALE ACTIVITY REACHES 5-YEAR HIGH IN FRASER VALLEY
(Surrey, BC) – Last month, Fraser Valley REALTORS® experienced their busiest March in terms of sales on the Multiple Listing Service®, since 2006.
The Fraser Valley Real Estate Board processed 1,818 property sales in March, an increase of 16 per cent compared to 1,565 sold during March of last year, and an increase of 42 per cent compared to February’s 1,279 sales. In March of 2006, there were 2,072 sales.
Sukh Sidhu, Board president, explains, “We are seeing strong demand in Fraser Valley but not necessarily for every product type in every community, underlining the importance for consumers to ask their REALTOR® for a detailed, local market analysis.
“For example, sales of single family detached homes in White Rock/South Surrey increased by over 150 per cent in March compared to last year, however in Abbotsford they were down by almost 7 per cent. The property type that saw the largest increase in sales in Abbotsford during the month of March was condominiums.”
Sidhu adds that in addition to sales volumes, the number of new properties being listed for sale also increased by 11 per cent, going from 3,038 new listings in February to 3,376 in March. “Giving buyers more choice during one of the most popular times of the year to house hunt.”
March finished with 6 per cent more active listings on the MLS® than it had in February, 9,228 compared to 8,680, however still 6 per cent fewer compared to the 9,828 listings that were active during March of 2010.
Regarding prices, in March, the benchmark price for Fraser Valley detached homes was $519,628, an increase of 0.9 per cent from the March 2010 price of $514,787.
The benchmark price of Fraser Valley townhouses in March remained on par year-over-year going from $326,307 in 2010 to $327,328 in 2011. The benchmark price of apartments was $249,463 in March, a 1.1 per cent increase compared to $246,673 in March 2010.
Provided by Fraser Valley Real Estate Board
Please click link below to see Stats
Fraser Valley Real Estate Stats March 2011
There are many reasons why buying a condo could be the right choice for your first - or next - home.
Lower Cost
One of the big draws of a condo purchase is affordability. The high density of most condo buildings, together with the number of developments in many areas of the country, means you'll find unit at a range of price points - often at a cost much lower than a single-family detached home. If you are a first-time buyer, a condo can be a good entry point into homeownership.
Less Maintenance
Maintenance of the common areas - such as clearing snow from walkways, cutting the grass, and vacuuming hallways - is taken care of by the condo corporation through the monthly maintenance fees that you pay as a unit owner. That means a lot less time and effort spent on doing day-to-day chores.
Enhanced Security
Many condos have enhanced security systems that the typical house can't match. These may include features such as double-entry systems, security cameras, two-way voice communication stations, and a 24-hour concierge. You may also have an intrusion alarm in your suite.
Predictable Costs
As a unit owner, you'll know exactly what your monthly maintenance fee is, which makes budgeting a little more predictable. Keep in mind that, as with any owned property, there may occasionally be larger projects to finance that require additional resources.
Convenient Location
Condos typically are situated in highly desirable downtown locations or close to transit systems. This can be a real plus if you want to take advantage of urban activities or if you work downtown and want to live close to work or within an easy commute.
On-site Amenities
Amenities, such as fitness facilities and entertainment areas, can be a big drawing feature of some buildings. If you make use of these areas, they could save you money and will certainly extend your enjoyment of condo living.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.