August 2013 market update

Midway through 2013, the BC luxury real estate market has rebounded from a sluggish 2012. After breaking all luxury records with 691 $3-million+ sales in 2011, the luxury market slowed to 439 $3-million+ sales in 2012. This year, that number is forecast to reach 588 sales, which represents over $2.8 billion in luxury real estate...

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April2013 Market update

April 2013 Market Update With the reintroduction of the GST/PST tax regime on April 1st, we have received some questions about how this will affect the real estate market. The short answer is: There will be a minimal effect; some people will win, while others will lose. However, we must break down its effects into 3 separate categories:...

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January Monthly Market Update

2012 was a transition year for real estate in many areas of the Province, as many hot markets cooled and took an inevitable ‘breather’ while others look poised to turn positive. The rapid run-up in prices in a core set of markets (Vancouver, Richmond, Burnaby, and West Vancouver) over the past few years has actually overshadowed...

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October 2012 Market Update

Welcome to Fall! All corners of the province have experienced unbelievably good weather through August and September, and it looks like the trend may be continuing into October. Fingers crossed! For the real estate market, a relatively sluggish summer has given way to another fall market. Some areas are continuing to see softening...

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Home Seller’s Expenses

Costs Incurred When Selling Property Real Estate Agent’s Commission Usually this is the largest cost when selling a property. Commission is a fee paid to your real estate agent that represents a percentage of the total selling price you receive for your property. The rate of commission is based on comparative rates around your...

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