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Economic News

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Showing 1 to 10 of 14 total blog posts

Sticker Shock and Looking Forward to 2017

The BC Assessment notices that homeowners have seen likely came as shock to some. But what needs to be understood is that a large increase in your property assessment will not automatically translate into a big increase in your property taxes. Property taxes are actually affected by comparing the average change in your city to […]

Faith talks housing options for families with the Vancouver Sun

Faith shares her real estate insights and expertise with the Vancouver Sun. In their February 12 article Faith discusses housing options for families in Vancouver’s hot real estate market. Read the full article on the Vancouver Sun website here: Full Article

Market update from RBC

One US dollar can now buy 1.2087 Canadian Dollars on the spot market…unbelievable. Those who accepted my advice in Aug 2012 are sitting back and smiling I’m sure. China has reported a GDP of 7.4% for fiscal 2014. Although 3x greater than Canada’s GDP it is the lowest GDP China has reported in over 20 […]

The Problem Isn’t Vancouver’s Astronomical Housing Costs— It’s the People Who Buy

The cost of housing in Vancouver really isn’t the issue – it’s the buyers that need a little fixing. The real concern is the types of people who are buying housing specifically in Vancouver and how it will affect the city in the long haul. Those buying high-priced Vancouver homes are either well-off foreigners who […]

REAL ESTATE GOES GLOBAL

The most expensive housing market in North America is now Vancouver. Single-family houses sell for close to a million dollars and ordinary condos go for five or six hundred thousand dollars. The city has found itself submerged in the rise of a truly global market in real estate.   A recent report by Sotheby’s International […]

From Lorraine Gingras, Our RBC Mortgage Specialist…

This Week’s Best Rates TERM RATE 2 Year Fixed Closed 2.54% 3 Year Fixed Closed 2.79% 4 Year Fixed Closed 2.79% 5 Year Fixed Closed 2.99% 7 Year Fixed Closed 3.89% 5 Year Variable Closed Prime – .50% *all rates subject to change without notice. Lorraine Gingras I Mortgage Specialist I Vancouver B.C. RBC Royal […]

Chinese on global homebuying spree as local markets tighten

Chinese investors are helping the real estate markets bloom in many countries while restriction on home-buying tightens at home.

No evidence of housing bubble: Flaherty

Canada’s Finance Minister denies that there is a housing bubble concern in Canada, but admits that the high housing demands in Vancouver is unusual.

Canadian housing market grows despite global troubles

Canadian real estate market outperforms other countries in the world in a time of economic turmoil.

HST change likely to delay new-home sales until its elimination

The new plan to remove HST and the comeback of PST and GST would likely to postpone the purchase of new homes until 2013, as people may prefer to pay less than 12% tax rate for homes that are worth more than $525,000, according to Central 1 economist Bryan Yu. Yu forecasts that resale home […]

 

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