So everyone is asking, is NOW the time to buy? Well that depends on your situation. If you are selling your home and buying another you have currency in this market. If we drop another 10%, yes you can buy that house cheaper but you will sell for less as well. If you have the nerve you could sell now with a long closing and wait a few months if we hit bottom. BUT they dont ring a bell when we ...
Well we have been hearing a lot of positive feedback from those of you that have been visiting the Black Rock oceanfront Resort, in Ucuelet, BC. Please feel free to email any feedback as we had a small group of buyers participate in ownership of this resort. The hotel is up and running and with the chef from the wickanninish Inn its restaurants are sure to please!
I will be heading ther ...
When buying real estate in British Columbia, the government imposes a Property Purchase Tax based on the greater of the purchase price or the fair market value of the property. The tax is calculated at 1% of the first $200,000 and 2% of the balance of the value/purchase price.
Property Purchase Tax Exemption
You may qualify for a tax exemption if you, and the property you are purchasing, me ...
I am honored to be serving as a regional director for the Real estate Board of Greater Vancouver. The north Shore, sunshine Coast and Sea to sky division is full of wonder Real estate professionals and certainly magnificent properties. With the coming Olympics in 2010 we have much to look forward to and it will be a pleasure to be involved at the board level during this time.
Residential ...
The real estate industry has seen the same sweeping decline that the stock market has witnessed. Do we value structures more than paper? The coming months will tell. As Obama floods money into the market place, the effects will ripple down and we will all have to make some decisions. Do we still agree with a monetary system tied to the US dollar? Is it time to hoard gold in our safes? Is cash ...
The stunning Black Rock Resort is scheduled to complete this December 2008. The hotel will open soon thereafter. This first class resort and spa on the Wild West Coast is destined to be a must see! Probably the most amazing Ucluelet Real Estate there is. A short drive to Long Beach or Tofino and along the wild West Coast trail. The resort sold out in 4 hours leaving a long list of buyers sti ...
Major central banks (across the world) slash rates in an extraordinary move to ease the global credit crisis. Central banks in Canada, the United States, Britain, the European Union, Sweden and Switzerland cut key lending rates by half a percentage point.
The move came after a sharp overnight drop in Asian markets and U.S. stock futures that threatened to spark another North American selloff ...
For Local residents wanting to stay and watch the Olympics- rather than rent out their homes, pls see below for ticket information!
from now to Nov 7th advance ticket requests are being taken. Some events may be oversubscribed in which case some type of draw/allocation process will occur.
step 1 is to book through the website below. Register first then order. Your order does not need to be ...
So, its interesting that we hate to buy stock when everything is going down and prefer to buy as its rising. How do we know we aren't buying in at the top? Why do we feel we are not buying in at the bottom, in a downward market. If we think of real estate in these terms, we see that many people bought in a market that had been going up for over 7yrs. Now we have a drop of up to 20% in some ...
The federal government will no longer guarantee 40-year or
zero-down mortgages in an effort to avoid a housing crisis like the
sub-prime mortgage meltdown experienced in the United States.
In an announcement released yesterday, the government said
government-backed mortgages would require a minimum down payment of
five per cent and a maximum amortization period of 35 years.
Furthermore, they ...