On February 17, 2012, the Provincial Sales Tax (PST) transition rules were published, and BC Minister of Finance Kevin Falcon reaffirmed that the PST would be reinstated on April 1, 2013. Minister Falcon also announced two significant relief measures for the real estate sector:
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The 12% HST applies if the seller transfers either possession or ownership of a new home to the buyer before Ap ... |
For Immediate Release: Mar. 2, 2012
Typical ‘pre- spring' surge in home sales & new listings
keeps market steady
SURREY, BC – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded 1,269 sales in
February, an increase of 59 per cent compared to January and a 1 per cent decrease compared to the 1,279
sales during February of last year.
In terms of new listings, the Boa ...
For immediate release: January 26, 2012
LOOKING FOR GREATER AFFORDABILITY? HEAD TO FRASER VALLEY
SURREY, BC – According to the president of the Fraser Valley Real Estate Board (FVREB), international affordability studies regarding Vancouver are misleading because they don’t reflect the reality that homebuyers purchase more affordable homes every day in neighbouring communities.
Sukh Sidhu is ...
For Immediate Release: Jan. 4, 2012
2011 real estate market showcases regional variation
SURREY, BC – Overall, Fraser Valley’s real estate market in 2011 was below the 10
sales and above average in the number of new listings received, however, according to the president of the
Fraser Valley Real Estate Board, results varied widely depending on the community and property type.
Sukh Sidhu obser ...
For Immediate Release: Nov. 2, 2011
Advantage buyers… in Fraser Valley’s housing market
SURREY, BC – Below average home sales combined with a regular influx of new listings continue to give buyers the upper hand in communities south of the Fraser River, including Mission. However, according to the president of the Fraser Valley Real Estate Board, Sukh Sidhu, “There is action when the property ...
1. Home Buyers' Plan
Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.
2. GST Rebate on New Homes
New home buyers can apply for a rebate of the federal portion of the HST (t ...
More than 100,000 people have already downloaded CREA's REALTOR.ca app... It of course gives smartphone users access to an average of 350,000 properties for sale on REALTOR.ca. Using a smartphone's built-in GPS feature, the app lets users search for houses available near their current location or a specific address, providing them with photos, listing details and contact information to get in ...