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Sprint Hatches the Great Debate
Is it Time to Rent or To Buy?

Spring has sprung and along with the daffodils, it seems, so has the age old debate of “Rent or Buy?”. To buy is to build equity in your future. To rent is a virtual license to pour hard earned money down the drain. To buy is to see gains surpass those in a good stock market portfolio during rockier times on Wall Street. To rent is to enable landlords to own and often prosper. Do you sense a bit of a clash of dynamics in that...
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With five new development sites in the works in Mount Pleasant, the latest new Development Application is for 401 Great Northern Way (formerly 396 East 1st Avenue and 377 East 2nd Avenue)

Onni Group has applied to the City of Vancouver for permission to contstruct a mixed-use development, consisting of:

* a 7-storey building facing East 1st containing 61 dwelling units and 74 residential/artist studios
* a 6-storey building facing Great Northern Way containing 4 dwelling units and 70 residential/artists...
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I just finished uploading this Condo for sale, 308 2388 TRIUMPH Street, Vancouver East, British Columbia

Excellent value. This one bedroom condo is in super central location. Just steps to all the shops along East Hastings and a quick commute downtown. Featuring lovely mountain view, updated laminate flooring and freshly painted, move in ready. Large in-suite storage has been converted to in home office space. Cheater en-suite bath. 1 parking stall + 1 storage locker assigned to unit. Great opportunity...

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When you step into this cozy condo, the remarks I receive is that 'it feels way bigger than it appears online'.  This might have something to do with the very large patio (400 sq.ft.) that this suite looks onto and the view of Grouse Mountain.  Yes, this building does allow barbeques, small dogs and cats. 

There is a seperate bedroom, with a closet and a window.  Most condo's in this price range compomise on these things.  A queen bed and dresser will fit comfortably in this...
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Real Estate sales activity from the two largest real estate boards was reported last week and they reflected signs of stability. Here in Vancouver, sales have been lower than the historical average but listings and sales have moved toward a better balance. Toronto continues to see modest price increases despite lower sales volumes. In Calgary the tight inventory levels have pushed prices up by 9%.

Last week we also saw the Bank of England and the European Central Bank keep interest rates on hold,...

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Returning to the PST and GST

On April 1, 2013, the Harmonized Sales Tax (HST) was replaced by the Federal Goods and Services Tax (GST) and the BC Provincial Sales Tax (PST).

When does HST apply and when does GST apply?

The 12% HST applies if the seller transfers either possession or ownership of a new home to the buyer before April 1, 2013.

The 5% GST applies if the seller transfers both possession and ownership of a new home on, or after, April 1, 2013.

The PST and real estate commissions

The return...

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Please note the change for this upcoming openhouse.

We are proud to announce that this Apr 6th, 1:30 PM to 3:30 PM we will be hosting an Open House at 2142 Carolina Street in the Mount Pleasant neighborhood, Vancouver. This is an opportunity to visit this excellent Condo for sale in beautiful Mount Pleasant.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Mount Pleasant Condo for sale.

As always please do not hesitate to give me a call at 604.714.1700...

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Home sale activity improves but remains below historical averages

Lower levels of both supply and demand in recent months are holding home prices in check in the Greater Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,347 on the Multiple Listing Service® (MLS®) in March 2013. This represents an 18.3 per cent decrease compared to the 2,874 sales recorded in March 2012, and a 30.6 per cent increase...

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As the real estate market significantly rebounds, some buyers and sellers are dipping their toes in the waters for the first time. Inevitably, they come into the market with assumptions about how it works.

Their assumptions may come from TV reality shows or watching their parents' house-hunting experiences. Maybe they've learned about real estate from a co-worker’s recent home buying or selling experience. The trouble is, the new buyer or seller’s assumptions are sometimes based on outdated...

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Categories:   BC HOME LOAN Program