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Metro Vancouver July 2017 Market Update

As Reported by the REBGV: Metro Vancouver sees fewer home sales and more listings in July. Home buyer activity returned to more typical summer levels in Metro Vancouver* last month. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,960 in July 2017, an 8.2 per cent decrease from the 3,226 sales recorded in July 2016, and a decrease of 24 per cent compared to June 2017 when 3,893 homes sold. Last month’s sales were 0.7 per cent above the 10-year July sales average. “Housing demand is inconsistent across the region right now. Pockets of the market are still receiving multiple offers and others are not. It depends on price, property type, and location,” Jill Oudil, REBGV president said. “For example, it’s taking twice as long, on average, for a detached home to sell compared to both townhomes and condominiums.” There were 5,256 detached, attached and apartment properties newly listed for sale on the Multiple Listing Servi…
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Burke Mountain, Coquitlam - 1471 Avondale Street

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1471 Avondale Street, Coquitlam

Spectacular, Executive-style Build home, perfect to raise your family, in the much desired Burke Mountain community. Featuring 3908 sq.ft, on 3 levels, functional floor plan with an amazing great room and kitchen. Upstairs boasts 4 large bedrooms - master suite & gorgeous spa-like ensuite! Enjoy the High-End Finishing including Custom Millwork, Hardwood Floors, Quartz Counters, In-ceiling Speakers, Built-in Vac, 1 Bedroom Basement suite, Gas BBQ Hook-up, awesome yard & so much more. Surrounded by Exceptional homes & located on a no-through street, Transit, Schools & Parks nearby. Close to Shopping, Evergreen Extension and all Amenities. Call today for your personal showing!


Location: Coquitlam, BC, Canada
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Reality of Metro Vancouver Real Estate

I've lived in the Metro Vancouver area since the early 90's, my parents took a gamble and left everything they had and knew in London, England for this up and coming area of Canada. They were looking for a better place to raise my brother and I (we both thank them for the brave choice they made!).

In the 25 years or so that I've been here, I've seen a lot of change some for the better and some not as much, but I can still say there's no place I would rather live and now raise my own kid's. In the media, social media, etc... you hear a lot of opinion's on Metro Vancouver Real Estate and what's going on.

This is my Opinion and you can take it how you please...
Metro Vancouver has changed and there is no doubting that, it's gone from the small coastal city on the West Coast to a destination of choice across the planet. Yes our Real Estate is expensive and in some area's un-affordable. Even though there are thoughts out there that is the cause of t…
Location: Greater Vancouver, BC, Canada
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Central Port Coquitlam, Port Coquitlam - 2140 Mary Hill Road

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2140 Mary Hill Road, Port Coquitlam

Great buy for first time buyers or investors, potential to hold and wait for Future Development, OCP calls for Townhouses. If you're investor this property will cash-flow (call for details & Cash-flow Analysis). You'll find one of the cities biggest infrastructure projects just breaking ground, the New Recreation Complex, slated to be completed in 2021 just down the street (Video). A proposed adjacent private development to the new complex is to include a mix of apartment buildings, seniors' and rental housing, and a restaurant or cafĂ©. Brand New Deck, Electrical Panel and Service, new Appliances and more. Centrally located within walking distance to the WestCoast Express, downtown City of Port Coquitlam, Shopping, and the Port Coquitlam Recreation Complex, etc... Call today for your personal showing!

Location: Port Coquitlam, BC, Canada
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Exemptions to Additional Property Transfer Tax on Residential Property Transfers to Foreign Entities

The B.C. Government announced on March 17, 2017 that workers coming to BC through the Provincial Nominee Program can now be exempt from the additional property transfer tax on Foreign National individuals that was put in place in August 2016.
Exemptions If you are a foreign national individual who receives confirmation under the B.C. Provincial Nominee Program, you do not pay the 15% additional property transfer tax. Foreign corporations and taxable trustees are not eligible for the exemption.
To qualify for this exemption, you must be a confirmed B.C. Provincial Nominee before the property transfer is registered with the Land Title Office and the property must be used as your principal residence.
You may claim this exemption only once. If you purchase another property as a foreign national, you must pay the additional property transfer tax. Qualification for every exemption is verified.
To claim the exemption, when you file your additional property transfer tax return (PDF): - Check …
Location: Greater Vancouver, BC, Canada
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Real Estate Investment

When it comes to Real Estate, most people think of a home for themselves and their family. There is another aspect to Real Estate that funds an entire Industry in most cities around the world, Real Estate Investment. Whether you’re aware of it or not, anyone that owns a property has an investment in Real Estate, how you choose to operate it is the biggest difference. Real Estate can be a huge part of your overall Investment Portfolio or it can be your Investment Portfolio. Surrounded with the right team and advisor’s most investors will never go wrong with an investment property. Your team will consist of a Realtor®, Accountant and Lawyer when you start out, this will grow as your portfolio does. The people and team you trust to work with should be able to advise you whether you’re buying your first property or ‘Door’ 500. Not every Realtor®, Mortgage Broker, Accountant and Lawyer knows Real Estate Investment, so these initial decisions will lay your Portfolio foundation.
Real Estat…
Location: Greater Vancouver, BC, Canada
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2016 Best Christmas Lights in Metro Vancouver

If you’re looking to make your festive season truly merry and bright, look no further than these locations where Christmas lights are the main attraction in Metro Vancouver. With Metro Vancouver’s many trees, green spaces and natural setting, lighting up for the holidays is must-do. Stop by for a spectacular photo-op and even some pretty amazing light shows across the region!!!

- Vancouver
- Burnaby & New Westminster
- Coquitlam, Port Coquitlam & Port Moody the Tri-Cities
- Pitt Meadows & Maple Ridge

Fraser Valley
- Surrey & Delta
- Langley
Location: Greater Vancouver, BC, Canada
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