604homesblog

Government announces new HST/PST housing transitional rulesThe government today announced the HST/PST transitional rules on new homes. As the province transitions back to the PST, which will replace the HST effective April 1, 2013, measures to ease the HST burden on new home buyers include:The BC New Housing Rebate threshold will increase to ...

This has already been in the news and all, but I thought I'd mention it here. I broke this on Twitter 2 days ago actually, so if you are not following me there please do. Basically Onni Group, who usually does their own condo marketing, have partnered with MAC Marketing Solutions to sell off their existing inventory of condos in Port ...

The Vancouver Sun reported yesterday on a study by Landcor regarding the potential for residential growth around Canada Line stations in the next 10 - 20 years. For this to occur you need high density zoning and good market conditions they say. Well duh! It does not look like the completion of the line will coincide with the later, ...

Straight from my Daily Economic Update from RBC (I wish they would quote the source of the stats. Maybe it is RBC itself.): The new housing price index was flat in April with the annual pace of increase slowing to 5.2% down from 6.1% in March. The house-only component fell 0.1% in April and the land component posted a 0.2% increase. On a ...

Amongst all the news off increased listings and (slightly) decreased sales came the news earlier this week that housing starts are up so far this year in Vancouver. On Monday the Canada Mortgage and Housing Corporation (CMHC) announced that "preliminary" numbers indicate the starts up up 10% over the same period last year. Single family ...

I've been a lazy blogger this week. Not much in the way of big  Vancouver real estate news, but I've been meaning to get out this post. On Monday this week Canadian building permit numbers for February were released and on Tuesday the Canadian housing starts for the first quarter of 2008 were released. Building Permits Are Down RBC ...

According to CMHC Vancouver housing starts were up over 100% last month compared to February 2007. This is good news for the newspapers, but what does this tell us that we didn't already know? Not much. The Vancouver market is healthy? Inventory is up, but prices are still strong. The fact that a number of developers started construction last ...

I heard of this first yesterday on CBC radio and now it is out on their website. The Brio condominium project in Abbotsford has stopped construction. They had only sold 20 of the proposed 174 units. The CBC story says: Brio buyers appear to have emerged relatively unscathed, even though their dreams of living in a luxury condo may take more ...

Not Chandler again! Didn't we have enough about him last year. He too has run out of money and his H & H and Garden City projects are too be completed by someone else. CBC broke the news just after midnight last night on their website. Take a look. I have to run right now, but I wanted to get the news out there. Hat tip to Victoria ...

Or rather, it stops hitting walls. CBC reported the other day that Bill Eden's Eden Developments had stopped construction of its only active development, the Sophia. In a situation eerily similar to the Riverbend development that cancelled the contracts of pre-sale buyers earlier this year The Sophia, located in Mount Pleasant, was ...