Blog by Kevin Wong
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New Regulations Require Strata Owners To Think Long Term
December 19th, 2011What's the news on the new regulations for depreciation reports and Form Bs?
In October 2009, the B.C. government passed the Strata Property Amendment Act, Bill 8. Under the act, many of the changes taking place were to be introduced by implementing regulations. Unlike Bill 8, which required the approval of the legislature, regulations are approved by provincial cabinet as an ord ...
Expect a Fairly Stable Real Estate Market in 2012
December 19th, 2011Look for mixed market signals in Canadian real estate as a market theme in 20 ...
Canada Unlikely to Enter Recession: CIBC World Markets
December 16th, 2011Next year won’t be the best ever, from an economic point of view, but chances are Canada will not fall victim to a recession as many other nations are likely to around the globe, according to CIBC World Markets.
They suggest that, while the economy will slowdown in 2012, there is a likelihood that the continued low interest rate environment will do much to buoy the economy, and keep ...Déjà Vu in November Housing Market
December 14th, 2011Rental Market Report: Vancouver
December 14th, 2011- „„Vacancy rates edged down from 1.9 in October 2010 to 1.4 per cent inOctober 2011 for purpose-built rental apartments.
- „„The average rate of rent increase between October 2010 and October 2011 was 2.3 per cent, similar to the rate of inflation.
- „„Most of the increase in the stock of rental units was from secondary market rental condominiums.
- Vacancy rat ...
China's Housing Bubble Is Losing Air?
December 13th, 2011Home prices nationwide declined in November for the third straight month, according to an index of values in 100 major cities compiled by the China Index Academy, an indep ...
November 2011 Housing Market Update Video: REBGV
December 7th, 2011801 2108 38TH Ave W, Vancouver West, British Columbia
December 3rd, 2011I just finished uploading this Condo for sale, 801 2108 38TH Ave W, Vancouver West, British Columbia
Rare and fabulous 3 bedroom, 3 bath, almost 2,100 sq.ft, 3 parking spots, one level living in exclusive Wilshire Bldg. in the heart of Kerrisdale. Great mountain views from large livingroom with gas fireplace, spacious dining room, new hardwood floors throughout, updated kitchen with breakfa ...
Lack of HST Transitional Rules, Not A "Bubble", Is Affecting Vancouver Real Estate
December 2nd, 2011There is no real estate bubble in Vancouver but, according to a panel of speakers at a recent Board of Trade event, a lack of clear transitional rules leading up to the return of the provincial sales tax is having a negative effect on the real estate industry.
That was the message delivered by the panel of three real estate industry experts, including the Board’s President-Elect Eu ...