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North Van condos 292% return in 2016 & Surrey Whalley

February 9, 2017

Filed under: North Vancouver,Surrey — Richard Morrison @ 10:04 am

Looking back at 2016, we see that North Vancouver condos was a rip roaring market. The same was true for Surrey condo market. This despite the government regulations and flash taxes imposed by all levels of Government In my article written in February 2016 on my blog I mentioned there was a huge gap to be filled. Given the fact that all surrounding areas had moved up, the demand was huge with 20 year highs (interprovincial migration) and supply at […]

Why I like condos in North Vancouver Lonsdale for 2016

February 2, 2016

Filed under: North Vancouver — Richard Morrison @ 11:12 pm

It was a quiet afternoon this weekend touring around with one of my buyers on a quiet Sunday evening in North Vancouver shopping for condos. Before this weekend, we had stood in front a Vancouver west end street as serene and inviting as you would find anywhere, and yet there was no environment in the world more likely to offer an instant beating/lynching/death (not necessarily in that order) to the average buyer. We had gone to Vancouver’s west end and got beaten, […]

Vancouver’s real estate market to cool, not crash

May 20, 2012

Filed under: North Vancouver,Real Estate Market,Surrey,Vancouver — Richard Morrison @ 4:19 pm

“Vancouver’s real estate market to cool, not crash” is the latest forecast by various real estate experts that comes as good news to people who dream of buying homes. Every Vancouver resident is aware of the changing price trends in the real estate market but with recent reports Vancouver residents have something to smile about.   Most real estate companies realized that many people are hesitant to buy homes due to the unpredictable costs but this is not over yet […]

The New Vancouver HST Tax in 2012 – HST transitional rules

Filed under: Mortgage Financing,North Vancouver,Real Estate Market,Surrey,Vancouver — Richard Morrison @ 4:09 pm

DISCLAIMER: I am not a tax lawyer, so please consult a tax lawyer that can give you legal advice. If you rely on the advice given below, I am not to be held responsible and you take full responsibility for your actions. Now moving on to our article:     HST (Harmonized Sales Tax) was introduced in Canada in 2010 as a way of combining the regional provincial Sales Tax (PST) and federal GST (Goods and Services Tax). When introduced […]

Selling Your Vancouver Home During the Summer Months

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 3:11 pm

You’re definitely selling your house this summer. Maybe you have a new job in another city starting in the Fall. Whatever your situation, if you’re selling your Prime Vancouver home during the summer months, you’re going to want to do all you can both now and then to make sure it sells before summer’s gone. Here are a few things that can make sure that sell happens:   1. Start Doing the FLYLADY’s 27 Fling Boogie Right Now The FLYLADY […]

Things to consider before refinancing your Vancouver home or estate

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 2:57 pm

Most home owners look to refinancing whenever they feel the need for change in their mortgages. There are many perks that come with refinancing a home in Vancouver, and these are attractive enough to inspire the decision. But before you decide on revising your mortgage terms, before you open that bottle of wine to celebrate, there are a few considerations you need to make first.   What is the reason you are refinancing first? Hoping to take advantage of newer, […]

Canadian Households debt and Vancouver cost of living rising

Filed under: North Vancouver,Real Estate Market,Vancouver — Richard Morrison @ 2:36 pm

According to the recently released figures, the household debts in Canada have skyrocketed hitting some unbelievable figures. These debts are in form of loans, collateral and some other forms of credit. In the initial quarter of this new financial year alone, the debts have increased from the initial sum of $1.526 trillion to 1.548 trillion. This is not only unacceptable but more of a torture to the ordinary citizen in Vancouver as they can no longer afford to live a […]

Is buying as affordable as renting in Vancouver, BC Canada?

Filed under: North Vancouver,Real Estate Market,Vancouver — Richard Morrison @ 2:25 pm

The question of whether to buy or to rent has always sparkled debate. Going by the statistics, the majority of people in Vancouver opt for buying instead of renting. The predicted increases in property value over the years have contributed to this. But we cannot entirely dispel the fact that property owners are regarded to as more financially responsible, fortunate or even better off has also played a role. It’s a reputation that everyone wants to be tagged with, which […]

Tighter mortgage rules in Canada in 2012

April 26, 2012

Filed under: Burnaby,Mortgage Financing,North Vancouver,Richmond,Surrey,Vancouver — Richard Morrison @ 12:24 am

A new poll suggests economists are increasingly convinced the government will move to ratchet down mortgage rules in 2012 – that even as the broker channel ramps up lobbying efforts to block the move. Some 10 of 14 economists and strategists surveyed for Reuter’s first poll on the Canadian housing sector last week said Ottawa does, indeed, seem poised to tighten mortgage rules within the next 12 months. Moreover, they believe that intervention is likely to come as early as the busy […]

How are capital gains tax calculated in Vancouver & Canada?

April 25, 2012

Filed under: Burnaby,North Vancouver,Richmond,Surrey,Vancouver — Richard Morrison @ 11:46 am

Hi folks, I just wanted to share a question that is always asked by many of our clients and provide you with an answer on how you can calculate capital gains tax in Vancouver & Canada. But before I go ahead to explain the simple methods to you, I will explain what capital gain tax means first so you can gain an insight into what am about to share with you. So here is a simple definition of what capital gain […]