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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 […]

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, […]

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 […]

Four Reasons why you ahould LOVE your competition!

October 17, 2011

Filed under: Burnaby,Comic Relief,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 10:34 pm

Every business owner who has a web based business has at some point had the following thought: “Why am I giving away all my hard-earned wisdom for free when my competition could easily snap it up and use it against me?” Competition is a scary thing. We all hope we’ll be the only person with this particular business innovation or that particular moment of genius, and that our idea is what launches us into greatness. Sometimes we’re right, sometimes we’re […]

Despite worldwide troubles, Canadian housing market grows

September 27, 2011

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 12:17 pm

OTTAWA — Canada’s housing market “remains a notable out-performer” in comparison to other countries, especially in vancouver homes, where renewed doubts about the strength of the global economy are weakening an already fragile real-estate scene, says a report released Tuesday. The Bank of Nova Scotia said in an assessment of the global housing market that high unemployment, concerns over the financial health of some European governments, signs the global economic recovery is slowing down and recent stock-market volatility are burdening […]

British Columbia home sales dip down in most areas (but not all)

June 20, 2011

Filed under: Burnaby,North Vancouver,Real Estate Market,Richmond,Surrey,Vancouver — Richard Morrison @ 3:22 pm

Residential MLS home sales in British Columbia edged down 1.3 per cent in May following a sharp decline in April. Seasonally adjusted sales dipped to 6,120 units during the month, representing the lowest monthly sales activity since October, as half the province’s 12 regional real estate board areas recorded declines from the previous month. The largest relative monthly declines were in the Chilliwack area (-12 per cent), which recorded a fifth consecutive drop, and the Kootenay area, which also pulled […]