Current Relevant Market Updates
Keeping our Customers Informed

Oct 25, 2011
Bank of Canada Interest Rate Announcement - All Steady on Deck!

Anna J summation relevant to the Comox Valley real estate housing market:With a less than 50 list to sell ratio, this interest rate hold allows real estate activity to slumber along without going into a coma. It's still a buyers' market even though there has been a reduction in new inventory. Personal note: there are buyers looking (and buying) so even though it's their market, with less inventory (generally) sellers have a better chance of selling. How long's it going...

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Oct 01, 2011
Canadian home affordability drops, Vancouver market plays role.

Housing in Canada became less affordable in the second quarter of 2011, with Vancouver's high-priced real estate market playing a major role in this decline, according to the latest Housing Trends and Affordability report released by RBC® Economics research on August 21st. Continued gains in home prices and a slight increase in mortgage rates hurt housing affordability during the quarter, though not enough to cause undue strain in the majority markets across the country. Owning a home is more expensive...

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Oct 01, 2011
HST on New Construction and New Homes in the Comox Valley

Whether for it or against it, here's what HST boils down to for buyers and sellers in the Comox Valley! *** "HST or harmonized sales tax is made up of the federal GST and the provincial PST. HST is only payable on NEW housing or substantially renovated housing. The GST portion of the HST is no different than what it was previously. It is charged at 5% of the sale price with a 36% rebate if the home...

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