Category: Real Estate News

On Jan 10, 2017, BC’s Finance Minister announced that the province’s home owner grant program will now include properties with an assessed value of up to $1.6 million – which is up from the previous threshold of $1.2 million. This $400,000 increase from last year’s limit will ensure nine out of ten homes across the […]

You may or may not have heard about recent tax changes regarding the principal residence exemption available on the sale of a taxpayer’s principal residence (residents of Canada only.) The recent changes are significant and I would consider them to be a TAX TRAP because the new rules now require positive action by the taxpayer […]

BUYERS MARKETS conditions for DETACHED properties in the following areas were identified last month: Westside, Eastside, West Vancouver, Richmond, Tsawwassen, Ladner, Burnaby and Port Moody.   ATTACHED properties (condos/townhomes) in Greater and Metro Vancouver remain in BALANCED to SELLERS MARKET conditions.   Request your complimentary copy of the latest SnapStats report by emailing:  info@yourhometeam.com  

The federal government announced regulation changes for new government-backed insured mortgages today. Effective October 17, 2016, insured homebuyers will have to qualify at the posted five-year qualifying rate. Previously, only variable rate mortgages and mortgages with terms less than five years were subject to a higher qualifying rate. The qualifying rate is updated weekly and […]

Highlights: • Mortgage rates may feel upward pressure in coming months • Canadian economy set for a second half rebound • Bank of Canada: lower for longer, but not forever Mortgage Rate Outlook The Canadian five-year qualifying mortgage rate briefly moved higher in the third quarter, rising by ten basis points to 4.74 per cent […]

March sales set an all-time record Metro Vancouver home sales eclipsed 5,000 in March for the first time on record. Residential property sales in the region totalled 5,173 in March 2016, an increase of 27.4 per cent from the 4,060 sales recorded in March 2015 and an increase of 24 per cent compared to February […]

MORTGAGE RATES ON CRUISE CONTROL Highlights: • Financial market volatility keeping mortgage rates low • Fiscal policy to the rescue? • Bank of Canada unlikely to act on interest rates this year Canadian bond yields fell to as low as 0.48 per cent in the first quarter of the year, though have since bounced back […]

In partnership with one of Vancouver’s top commercial realtors, we offer a boutique commercial real estate division focused on multi-family, land development, and waterfront hotels & resorts  …  see more “We found all the members of YourHomeTeam to be very professional and diligent, and the results showed that. After listing with other commercial agents who were unsuccessful […]

YourHomeTeam is proud to co-sponsor a speaker series event with the PHILIPPINES CANADA TRADE COUNCIL featuring OZZIE JUROCK F.R.I. Renowned real estate guru, multi-awarded author & speaker                                                          […]

Property Transfer Tax (PTT) A New Housing exemption will apply to newly built homes or newly subdivided units priced up to $750,000, saving buyers up to $13,000; and  a partial exemption will apply on newly built homes priced $750,000 to $800,000.   A new 3% PTT rate will apply to the portion of a home sale […]