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Blog by Betty Jarvis

How will the 2016 BC budget affect real estate?

March 31st, 2016

The BC budget was released last month with several components related to real estate. Among the changes are:

  • Data collection on citizenship and residency when a property owner registers their property at the Land Title Office.
  • An increase in the Homeowner Grant threshold.
  • A new fund for BC Housing to create more affordable housing units.
  • Expansion of the BC Home Renovation Tax C ...

Changes to the Property Transfer Tax

March 31st, 2016

The changes to the Property Transfer Tax (PTT) in the BC Government’s Budget 2016/2017 have fallen short of BCREA’s recommendations and represent a missed opportunity by the provincial government to provide broad assistance, despite the Speech from the Throne and several months of media coverage hinting at significant relief for homebuyers.

The changes to the PTT are as follows:

Effective F ...

Canadian Monthly GDP (January) - March 31, 2016

March 31st, 2016

BCREA ECONOMICS NOW


The Canadian economy got off to a fast start in 2016 as real GDP expanded 0.6 per cent in the month of January, the fourth consecutive monthly increase. Output was led higher by gains in the manufacturing, oil and gas extraction, retail trade and finance industries. Given the strong start to the quarter, economic growth is tracking at a more than 3 per cent rate for the ...

7 Fast Facts That Prove Whistler is Booming

March 30th, 2016
thumb 
David McColm courtesy of Whistler Blackcomb   

Whistler's stock has gained 40 percent in 12 months.
                 Whistler has been a hot topic for a while now (especially its real estate market!), but the largest ski area in North America just keeps getting hotter. On top of having a record-breaking ski season, a recent article in the Seattle Times outlines how this winter Whistler Blackco ...

Liberals to spend $500,000 to gather foreign buyer data + budget highlights

March 22nd, 2016
Ottawa is spending $500,000 to help understand the role of foreign homebuyers in the country's housing market.

 The cash in the federal budget is going to Statistics Canada to help develop methods for gathering data on home purchases by foreign buyers.

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American buyers slow to move on Whistler real estate, despite lower loonie

March 18th, 2016

American buyers slow to move on Whistler real estate, despite lower loonie
 

The housing stock for sale in Whistler has shrunk, with listings now at 400 from a high of 800 properties about a year ago, meaning it’s a seller’s market, says mortgage broker David Haggins.   — PNG files

Photograph by: Handout

International visits to B.C. are up and the loonie is down, but U.S. investors haven’t yet flooded into the province to snap up propert ...

BC Economics

March 18th, 2016
Canadian retail sales bounced back from a
disappointing December, rising 2.1 per cent in January. Sales growth was
broad-based with 7 of 11 subsectors reporting higher sales.   Given
strong economic data to start 2016, first quarter real GDP growth in Canada is
tracking at about 1.9 per cent, a significant improvement from just 0.8 per
cent growth in the fourth quarter of 2015.



In BC, retail sales ...

9504 EMERALD DRIVE, Whistler, BC

March 15th, 2016

I just sold this House at 9504 EMERALD DRIVE, Whistler, BC Emerald Estates.

View this recently sold House or see all my home sales

7702-7708 PEMBERTON, Pemberton, BC

March 15th, 2016

I just sold this Home on Acreage at 7702-7708 PEMBERTON, Pemberton, BC Pemberton Meadows.

View this recently sold Home on Acreage or see all my home sales

9504 EMERALD DRIVE, Whistler, BC

March 1st, 2016

I just finished uploading this House for sale, 9504 EMERALD DRIVE, Whistler, BC

This beautifully crafted 4 bedroom 3 bathroom Western Red Cedar log home exudes warmth and charm throughout. The open concept living space with bright airy windows and river rock wood burning fireplace is perfect for family gatherings and entertaining. The upper floor consists of 2 bedrooms and a large Master bedro ...