What is Property Transfer Tax?
Posted on Mar 28, 2023
If you're planning on buying a property in British Columbia, Canada, it's important to know about the Property Transfer Tax. This tax is applied when you purchase or gain interest in a property that is registered at the Land Title Office. Unless you qualify for an exemption, you will be required to pay this tax.
The Property Transfer Tax is calculat...
The Property Transfer Tax is calculat...
Are Multiple Offers Back in the Real Estate Market?
Posted on Mar 09, 2023
Are Multiple Offers Back?
Multiple Offers are happening in the market again
But it’s not like last time.
At least, not yet.
For the most part, despite receiving multiple offers, homes are not selling for over the listing price and sellers are not setting an offer date to hold off offers in an effort to stir up a bidding war. And home prices are signi...
Central Okanagan Real Estate Prices
Posted on Feb 08, 2023
For the first time since June 2021, the average residential selling price in the Central Okanagan dipped below $1 million dollars as the market correction continues towards a soft landing. This also marks the second time in three months that the Benchmark Price was below a million dollars at $976,800.
Currently, buyers can expect a nearly 7% discoun...
What is going to happen with the Real Estate Market in 2023?
Posted on Jan 10, 2023
What is going to happen with the Real Estate Market in 2023?
Click the video, or read below, for my three predictions for 2023.
Prediction #1
The market is either going to go down, go up, or stay the same.
I don’t know what prices are going to do. No one really knows.
No one has a crystal ball and the market can change rather quickly as we saw in the...
Okanagan Real Estate Market Update - December 2022
Posted on Dec 06, 2022
Is this what a typical, balancing market looks like?
The average year to date sale price continues to decline however we have to keep in mind that this average includes all the sales from the spring which was the peak of the market in both sales volume and prices.
November 2022's average sale price of $1,073,250 is about the same as July and over the...
Is the Real Estate Market Balancing? | November 2022 Market Update
Posted on Nov 14, 2022
For the second straight month home prices did not go down. In fact the average home price was up by about a thousand dollars. Are we seeing a balanced real estate market now?
Home prices are actually flat from what they were the month before. That marks two months in a row where prices didn't go down or up they just stayed kind of relatively balance...