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Vancouver breaks up property tax into two payments a year.  The first payment being due on the second business day in February and the second payment being due on the second business day in July.  This year landing on Friday July 3rd!

 

Property taxes are one of the cities most lucrative income streams for the province.  Although as a home owner we cringe when it comes time to pay property tax this money does go to help build our communities and maintain our city.  

 

Don't forget to apply for the home owners grant if applicable.  These grants are applicable for homes under $1,214,000 for the basic grant and $1,269,000 for the advanced grant.  For more information on your home owner grant see City of Vancouver website : http://vancouver.ca/home-property-development/home-owner-grant.aspx

 

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I have sold a property at 110 38003 SECOND AVE in Squamish.
Fantastic Opportunity to own in the heart of Downtown Squamish. This spacious, well planned, 2 bedroom home has an open living concept, gas fireplace and views of the mountains. It is IDEAL for an investor wanting a good return or an enduser looking to live in the heart of Downtown Squamish. Walking distance to shopping, trails, schools and the waterfront! Comes with secured parking and storage. Call now for your private showing!
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3431 Panorama Ridge, Whistler BC: 

 

8000 square feet
6 Bedrooms 7 bathrooms
Roof top deck
Infinity Pool and hot tub
Elevator and private road

10 minute walk to the Village
1.16 Acre Estate Lot
Floor to ceiling windows
Hiking trails out your back door
Finishings could be customized to your own taste


Contact me for more details: 604-363-7858

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In the heart of Gastown, this cute corner unit studio at the VAN HORNE is a great opportunity for an investor or first time buyer.  Brand new laminate flooring throughout and upgraded stainless steel appliances. Move in ready or easy to rent out. Secure underground parking. Steps away from historic China Town, close to fabulous restaurants, boutiques and cafes right outside your door. Pets and rentals welcome. 604-363-7858

 

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Metro Vancouver home sales surpass 4,000 for third consecutive month

It continues to be a competitive spring market for Metro Vancouver home buyers. This competition continues to put upward pressure on home prices, particularly in the detached home market.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,056 on the Multiple Listing Service® (MLS®) in May 2015. This represents a 23.4 per cent increase compared to the 3,286 sales recorded in May 2014, and a decrease of 2.9 per cent compared to the 4,179 sales in April 2015.

 

Last month’s sales were 16.7 per cent above the 10-year sales average for the month.

“We continue to see strong competition for homes that are priced right for today’s market,” Darcy McLeod, REBGV president said. “It’s important to remember that real estate is hyper local, particularly in a seller’s market. This means that conditions and prices vary depending on property type, neighbourhood, and other factors."

 

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,641 in May. This represents a 5 per cent decrease compared to the 5,936 new listings reported in May 2014.

 

The total number of properties currently listed for sale on the region’s MLS® is 12,336, a 23.2 per cent decline compared to May 2014 and a 0.8 per cent decline compared to April 2015.

 

“While the supply of homes for sale remains below what’s typical for this time of year, our region continues to offer a diverse selection of housing options at different price points,” McLeod said. “This diversity within the housing stock is part of what’s driving today’s home sale activity.”

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $684,400. This represents a 9.4 per cent increase compared to May 2014.

 

The sales-to-active-listings ratio in May was 32.9 per cent. This is the highest that this ratio has been in Metro Vancouver since June 2007.  Sales of detached properties in May 2015 reached 1,723, an increase of 18.6 per cent from the 1,453 detached sales recorded in May 2014, and a 42.2 per cent increase from the 1,212 units sold in May 2013. The benchmark price for a detached property in Metro Vancouver increased 14.1 per cent from May 2014 to $1,104,900.

 

Sales of apartment properties reached 1,600 in May 2015, an increase of 24.4 per cent compared to the 1,286 sales in May 2014, and an increase of 40.8 per cent compared to the 1,136 sales in May 2013. The benchmark price of an apartment property increased 4.6 per cent from May 2014 to $396,900.

 

Attached property sales in May 2015 totalled 733, an increase of 34 per cent compared to the 547 sales in May 2014, and a 37.3 per cent increase from the 534 attached properties sold in May 2013. The benchmark price of an attached unit increased 6.4 per cent between May 2014 and 2015 to $501,000.

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The much anticipated development on the edge of Olympic Village, Proximity, has finally been released.  With prices starting in the mid 300's and homes with parking in the high 300's, this is a great chance to get in before completion when prices tend to go up.  Built with a combination of 1 bedroom and 2 bedrooms these homes will be very easy to rent and with rental rates skyrocketing in the area this will be a solid investment.  For more information give me a call at 604-363-7858.

 

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I have sold a property at 204 751 Chesterfield AVE in North Vancouver.
2 Bedroom, 2 Bath, bright corner unit is close to transit, Seabus, shopping, parks, restaurants + more. Tastefully renovated in 2013, this is beautifully kept suite has recently updated flooring, cabinets, stainless steel appliances andmore. Tastefully renovated in 2013, this beautifully kept suite has recently updated flooring, cabinets, stainless steel appliances and more. New roof on the building 2 years ago, building is in great shape. Move in ready.
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