Bill Noy White Rock South Surrey Realtor
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New Foreign Buyer Tax. Will it change the Market?
Volume is down - prices are up. This has been the same headline for the last 5 months. Nothing has changed since the provincial government decided to tax foreign buyers 15%. Chinese buyers feel targeted but the tax seems more political than practical. Many feel the tax simply won't work. Others point out that market volume was slowing down from an unsustainable pace.
Prices by Housing Type

Prices by neighbourhood

Townhomes by neighbourhood

Apartments by neighbourhood

Sales-to-Active Ratio

List Price to Sale Price Ratio

Housing Market slows to a Simmer

In July, housing sales remained strong. But for the first time this year monthly sales did not break a record.

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What are they? A Depreciation Report is a business plan that factors in when common assets such as roofs and elevators will need to be repaired, renewed or replaced. The idea behind depreciation reports is to budget for inevitable expenses so that strata owners are not ýblindsidedţ by Special Levies.
What is means to you No depreciation report creates uncertainty for buyers and may effect their ability to get financing.
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Strata
Whats Up?

 


If you're buying a new home it costs you nothing to have me representing your interests.

My commission is paid by the seller. There are clear advantages to using me as as your buyers agent.

 


Economic Forecasts

Facts and figures from the Brtish Columbia Real Estate Associatiion
Strata
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