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Buyers: Tax Assessment Is Not Market Value in Vancouver BC

March 18, 2012

Filed under: Vancouver — Richard Morrison @ 8:46 pm

Before getting all their emotions typed up in a panicked knot, or taking off on a joyful spending spree thinking the equity in their home is worth far more than it is, homeowners should clearly try to understand one very important thing – tax assessment is not market value in Vancouver BC. Simply put, the tax assessment on a piece of property is the amount of money the government has decided it needs to collect from property owners for the […]

Vancouver real estate – How To Improve Your Kitchen Without A Huge Cost?

Filed under: Vancouver — Richard Morrison @ 5:00 pm

Let’s face it: Your kitchen is probably the most important place in your Vancouver home. Here you not only prepare your food, spend most of your time eating breakfast, lunch and dinner, but nowadays, you also entertain there, and quite often end up spending most of your social time there as well! For this reason we have to think of good ideas to update your home to enhance the way it appears before you sell it. The question then becomes: […]

Clarification of New rules for Vancouver real estate HST tax in 2012

Filed under: Vancouver — Richard Morrison @ 4:40 pm

Announced last month, the new guidelines of British Columbia HST Transitional tax have given a much-needed certainty in terms of tax structure for the new home buying market for Vancouver homes. As British Columbians were not in favor of the HST last year, the British Columbia Government left with no option than to wait and discuss the transitional guidelines for the HST tax on property that is newly developed in the province. Due to this delay in feedback, lots of […]

Vancouver real estate – How to beat the competition in multiple offer situations

Filed under: Vancouver — Richard Morrison @ 4:30 pm

With the reappearance of high buyer activity and prices which are escalating day in day out in Vancouver’s high real estate market, sellers are on the gaining end. High demand and insufficient supply leads to multiple offer situations which is a common phenomenon in real estate market. Many home buyers table a bid on an appropriate house within their price range, only to realize that there are contending offers. This leaves the seller with an option to decide the best […]

How To Calculate Property Transfer Tax in Vancouver

Filed under: Vancouver — Richard Morrison @ 12:36 pm

If you are purchasing a home in Vancouver, Canada, you will have to pay for a Property Tax Transfer or PTT. Amount of payment will basically depend on the property’s fair market value. One thing you should know about PTT is that it is not the same as property tax. A property tax is something that you will need to pay for on a yearly basis for all the property services that you may have received from the local government […]

Why hire a Buyer’s Agent When Buying Real Estate in Vancouver

March 17, 2012

Filed under: Vancouver — Richard Morrison @ 6:06 pm

If you are looking for properties to buy in Vancouver, you may ask, why is it advantageous to use buyer’s agent in Vancouver? Its free! You do not have to pay anything for the service. The seller will pay your agent when the transaction closes. Apart from this, there are many other advantages of using the services of a buyer’s agent when purchasing in Vancouver. One is that you will not have to waste time as you look for properties. […]

It’s a sad story: Vancouver Playhouse Theatre Company closes

Filed under: Comic Relief,Vancouver — Richard Morrison @ 5:58 pm

What is the Playhouse Theatre Company? It is one of Vancouver’s old and highly esteemed theatre companies. Among Canada’s oldest fifteen big regional theatre companies, the Playhouse is one. The Playhouse had staged performances for the last 49 years in Vancouver’s west downtown. Its 50th anniversary was to be celebrated this year. Why did it shut down? It has planned to shut down due to acute financial crisis. Their final performance was on last Saturday. Who made the announcement? The […]

Vancouver cyber crime on the rise – Know how to protect yourself

Filed under: Vancouver — Richard Morrison @ 5:43 pm

Vancouver is an upwardly mobile city in Canada. Recent statistics for 2012 shows that Vancouver is on the top 10 list of Canada‘s riskiest cities for cyber crime. It actually placed third this year, just under Port Coquitlam, British Columbia at number two and Burlington, Ontario in the number one slot. It is nice to see that Vancouver was even able to move up a notch from fourth place in 2010. The statistical research combined new sets of variable when […]

Is there a lot of speculation in Vancouver Real Estate for 2012, or is it all hype?

Filed under: Real Estate Market — Richard Morrison @ 5:31 pm

The real estate property market in Vancouver, Canada has now gone haywire with the spiraling rise in property values, coupled with the onslaught of foreign buyers lapping up real properties in several key areas. Property prices are now sy its highest levels, and is expected to climb up some more in the next few years. Now, is there a lot of speculation in Vancouver real estate market in 2012? It has been said that this excessive speculation now happening in […]

The West Vancouver real estate market in 2012

Filed under: Real Estate Market — Richard Morrison @ 5:16 pm

Last year, there was a prediction that the prices of properties would go down by a considerable percentage. For this reason there are a lot of people waiting for the property market to benefit from the reduced prices. However, despite the possible slow down studies on the West Vancouver real estate market in 2012 reveal that it is quite viable for potential investors because of the value of land and the size of land in this market. No matter how […]