Current Relevant Market Updates
Keeping our Customers Informed
HST in British Columbia On July 1st 2010 the Provincial Sales Tax in BC is being replaced and harmonized with the GST to create a single 12% tax. The new HST will have impact to those people who are building or purchasing a newly constructed homes or substantially renovated homes, but will not impact those who are purchasing resale homes. Purchasers of newly built homes will be eligible to apply for additional rebates up to a maximum of $26,250...[read more]
Source: John Hudey RBC Royal Bank and Anna Jorgensen Coast Realty Group Ltd.
In the 12 months ending April 30th, 2010 there were 1659 sales of all property types, an increase of 53% over the same 12 month period in 2009. The highest number of annual sales was 2252 in 2007. The lowest was 879 in 1998. The nineteen year average is 1556.The 12 month average sale price of a Comox Valley home is $339,764, down 5%. The average lot price is $138,050 down 7%. If you purchased an...[read more]
Source: Marty Douglas, Manager Coast Realty Group (CV) Ltd.