Blog by Roland Kym

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Vancouver's Housing Market Could Face Bumpy Landing-BMO

May 14th, 2012

VANCOUVER, BRITISH COLUBMIA--(Marketwire - May 11, 2012) - Vancouver, one of the world's most expensive real estate markets, appears - so far - to be tracking the soft-landing path seen by Calgary and Edmonton in 2008, according to a new report from BMO Economics. However, poor affordability could create a little turbulence.

"The sizzle is coming off the Vancouver housing market," said Sal Gu ...

HAPPY MOTHERS DAY!

May 13th, 2012

Wishing all of the mothers out there a very special Mothers Day weekend!!

I hope you are all able to take some time to enjoy the beautiful sunshine, reflect on old memories and create new ones with your cherished family and friends.

In addition to the mothers, I want to thank you to each and every one of you for your continued support of my business.

All the best for a great weekend ahead!

Si ...

April 2012 saw the fewest monthly sales in more than a decade in Vancouver

May 8th, 2012

The spring housing market has slowed to a crawl in Vancouver, with April seeing the fewest monthly sales in more than a decade and the number of unsold houses piling up.

The Real Estate Board of Greater Vancouver said Wednesday there were 2,799 sales in the region in April, down 13.2 per cent from a year ago and 2.6 per cent lower than a weaker-than-usual March. The spring market is key for b ...

REBGV Stats April 2012

May 7th, 2012

Greater Vancouver housing market maintains a steady spring pace

Home sale and listing activity has maintained a consistent pace on the Multiple Listing Service® (MLS®) in Greater Vancouver in recent months, which has helped create balanced conditions for the region’s housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancou ...

Interest in home buying remains strong in Vancouver

May 4th, 2012


There are a lot of numbers in this column, a necessary evil when reporting on housing statistics, so please bear with me as I wade through them.

The next time you are out and about, take a gander at how many construction cranes are at work throughout Metro Vancouver. They have become an enduring component of this region’s landscape.

According to Canada Mortgage and Housing Corp., housing sta ...

News Update: Vancouver home prices fall for fifth consecutive month

May 2nd, 2012

OTTAWA — Homes prices edged down 0.2 per cent in February from the month before but were still 6.1 per cent higher than a year ago, according to a well-watched housing index.

The month-over-month decline was the third such retreat in the past four months for the Teranet-National Bank National Composite House Price Index, released Wednesday, which measures price changes for repeat sales of sin ...

Non-Resident Seller Information

May 1st, 2012

Foreign Owner Selling Information

Non Residents are responsible to get a clearance certificate from the Canada Revenue Agency and to pay capital gains.

Clearance Certificate

You will need a Clearance Certificate from Revenue Canada prior to the completion date of your sale. Your lawyer or accountant can handle this for you. You need to have an accepted offer on your property to apply for a Cl ...

Are you a Canadian Resident?

April 30th, 2012


To check the box or not to check the box, that is the question. Well, it may not be one you hear all the time, but when selling a property in British Columbia it is of a surprising amount of importance. The box I am referring to is the residency box a seller is required to address at the upper left hand corner of a contract of purchase and sale.


In BC the seller in a residential real estate ...

Increased selection helps maintain balance in Greater Vancouver housing market

April 29th, 2012

 

VANCOUVER, BC - Home sales in March trended below the 10-year average in Greater Vancouver while home listing activity outpaced what’s typical for the month.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,874 on the Multiple Listing Service® (MLS®) in March 2012. This represents a 12.9 per cent increase compared to t ...

Bank of Canada head urges caution on housing market

April 23rd, 2012

TORONTO | Sat Apr 21, 2012 4:30pm EDT

TORONTO (Reuters) - Parts of the Canadian housing market, especially condominiums in some major cities, have seen prices jump to levels that warrant caution, the head of the country's central bank said in an interview broadcast on Saturday.

"There are issues, particularly in some parts of the country in the condo market, without question, where activit ...

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