Deceased Home Owner & Vancouver Empty Homes Tax
Vancouver Empty Homes Tax – Deceased Home Owner In the event the owner has passed away the City has created a scenario to add to your stress. That being the “Empty Home Tax”. Each year, the owner of a residential property in Vancouver is forced to submit a property status declaration to determine if their […]
Lorne Goldman Reviews: The BC Budget and You
Feb 28, 2017 UPDATE Not yet reported in the media is this impending change which I find of note: The Honorable Selina Robinson, Minister of Municipal Affairs and Housing, has now clarified after intense pressure and following discussions with the Honorable Carole James, Minister of Finance, that this tax will now NOT apply to apartment [...]
The Fate of Eights
The number eight has a great deal of significance in the Vancouver Real Estate Market as the Wall Street Journal noted in an article on January 25, 2018. The number eight sounds like the word “prosperity” in Cantonese. Further to this, the year “2018”, when spoken out loud in Cantonese, sounds like the phrase “I […]
Vancouver Real Estate Market Report January 2018
Here’s a statistical analysis of the Vancouver Real Estate Market for January, 2018. Vancouver Westside Detached As of January 31, 2018 there were 617 detached homes for sale. Note this is an increase of 11% from the last January when there was 554 houses for sale. This increase in inventory is tempered when one examines […]
New Vancouver Housing Strategy Promises 72,000 New Homes Over the Next Ten Years
Vancouver City Council voted affirmatively on November 29 to integrate a new major housing strategy. The strategy tackles necessary issues important to the integrity of Vancouver's economy and growth in addition to revitalizing low-density neighbourhoods, addressing homelessness to taming real estate speculation and growing rental housing inventory. Mayor Robertson's release stated "Housing Vancouver builds on [...]
Shadow Lending Concerns Propels CMHC to Seek More Data
As housing prices continue to rise and mortgage requirements continue to challenge would-be buyers, the term shadow lending (or shadow banking) seeps into the discussion about how to buy. Shadow lending is any private lender that is not a bank. Postmedia analyzed BC civil court filings and identified that these lenders could be anything from [...]
5 Things to Know About the Vancouver Real Estate Market
People have been preaching doom for the expensive Vancouver real estate market. But Vancouver is still getting ratings as one of the best places to live. In fact, despite being expensive, Vancouver has a promising real estate market. With its cleanliness, innovation, and Hollywood activity, Vancouver is an appealing city to live in. Today, we’ll go […]
Lorne Goldman Reviews | Real Estate Sold Prices & The Future of the Market
Vancouver real estate sold prices say a lot about the future of the market. Consistently rated one of the world’s best cities to live in, renowned for innovative programs of sustainability, and awarded the honor of being the tenth cleanest city in the world — Vancouver is an incredible place to call home. With a booming economic […]
