According to the Federal Government HOME BUYER'S PLAN, you can use up to $25,000 of your RRSP to help finance a DOWN PAYMENT or use for closing costs.

The RRSP funds must be on deposit for at least 90 days, and you have 15 years to repay it all back.


You must be a FIRST TIME buyer, however, even if you owned a home previously, you can be considered a first time home buyer if in the previous 4 years, you did not own a home.


Before withdrawing the RRSP funds, seek appropriate advice from an accountant,...

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Vancouver city council unanimously approved Tuesday a heritage revitalization agreement to protect the 1930's Hollywood Theatre on west Broadway and allow a six-story mixed use building to be constructed on the balance of the site.


The Company, 4184 Investments LTD., says that the theatre - which closed in 2011 when the building was sold, will be restore to its former glory, and included a comprehensive operational plan in its development application.


Great news, especially to all those who fought...

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Vancouver city council unanimously approved Tuesday a heritage revitalization agreement to protect the 1930s Hollywood Theatre on West Broadway and allow a six-storey mixed-use building to be constructed on the balance of the site.


The company, 4184 Investments, Ltd., says that that the theatre – which closed in 2011 when the building was sold – will be restored to its former glory, and included a comprehensive operational plan in its development application.


Great news!...

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Last year, when my mom passed away, my siblings and I patiently and generously divided up her belongings. What we noticed was that no one really wanted any of the silver ware, especially the fancy coffee and tea set. For most people, it is the big job of keeping it sparkling clean that determines whether they keep it or not.


When my sister investigated where to sell it or donate it, she found that there was not much demand for it. Apparently much of the silver ware is silver plated, not solid sterling...

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Seize assets. Prosecute. Pay whistleblowers.


Those are just a few recommendations Marc Cohodes has to save Vancouver’s economy.

Cohodes is a high profile short-seller and fraud-hunter who earned his reputation finding hidden problems and inflated profits on Wall Street.

Lately, though, he’s turned his attention to B.C.

Cohodes admits he’s friends with B.C. Attorney General David Eby, who last September hired former deputy commissioner of the RCMP Peter German to conduct an investigation...

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It is an onerous task to move after being in one home for decades. What to keep and move to the next place? What to throw out? What to beg the kids to finally take to their own place?!

 

Sometimes you need guidance - ideas or even some muscle! There are many companies to help you do either or both.

I will be posting a series of short videos with my friend Linda Chu of OUT OF CHAOS, who has been helping people in the Vancouver area for over 15 years.

 

I have been helping my Buyers and Sellers,...

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B.C. one of only three regions expecting price declines, finds nationwide survey of recreation specialist realtors.

Although the average price of a recreational property in Canada is expected to increase 5.8 per cent this year, the same can’t be said of B.C. vacation homes, which are forecast to fall in price by nearly three per cent.

Learn more...

 

 

http://www.vancourier.com/real-estate/speculation-tax-reducing-price-of-b-c-s-recreational-homes-survey-1.23326699

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Residential sales forecast to slow further this year but recover next year.

Home sales across Greater Vancouver may be soft so far this year compared with the past couple of years, but that won’t be enough to bring average prices down, according to a forecast by the British Columbia Real Estate Association (BCREA).

Read on...

 

http://www.vancourier.com/real-estate/greater-vancouver-home-prices-predicted-to-keep-climbing-at-slower-rate-1.23322169
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The majority of homes with an Empty Homes Tax exemption declared were due to the property changing hands or to redevelopment or renovation, according to a press release issued by the City of Vancouver May 25.


 

“Of the 5,200 properties declared exempt from the tax, the majority of those in Downtown Vancouver and the neighbourhoods surrounding False Creek — Kitsilano, Fairview, Mount Pleasant, Strathcona and Grandview-Woodland — claimed an exemption due to transfer of the property...

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The City of Vancouver has proposed new policy aiming to limit land speculation along the Broadway Corridor. 

The new policy, called the Development Contribution Expectation (DCE), will require developers to plan projects that will support public amenities and affordable rental housing. The area has become subject to white-hot demand from developers since TransLink announced it would be extending the Millennium Line to Arbutus Street along Broadway. 


Read more......

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Thinking of renting that basement suite? Tips for first-time landlords


"It is a great way to get on the property ladder and live in an area you want but can't otherwise afford, but it comes with a cost," he says. "If you don't do it right, it can drive you crazy, both financially and psychologically."


Read what one couple learned.....


https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/thinking-of-renting-that-basement-suite-tips-for-first-time-landlords/article4374210/...

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The Metro Vancouver housing market saw fewer home buyers and more home sellers in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,579 in April 2018, a 27.4 per cent decrease from the 3,553 sales recorded in April 2017, and a 2.5 per cent increase compared to March 2018 when 2,517 homes sold.


Read on...


https://www.rebgv.org/sites/default/files/REBGV-Stats-Pkg-April-2018.pdf

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Developers incentivised to build more rental buildings with cities offering extra density, fee waivers or relaxed parking requirements, that several municipalities have started to offer to developers who build rental.


LEARN MORE...

 


https://www.thestar.com/vancouver/2018/04/25/vancouver-developers-turn-to-rental-as-home-ownership-climbs-out-of-reach-for-many.html

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Michael Geller, a contributor to the Vancouver Courier re: real estate/housing issues, always has a clear and calm view of the situation.

Six False Creek affordable housing lots still empty after three decades: Vancouver Sun front page story March 10, 2018

      
While I didn't write this story, I feel partially responsible for it.
     During the recent debate about the forthcoming North-east False Creek development, much was made of the city's promise to include significant affordable housing. This prompted me to comment that this was a noble goal, but before getting too excited about these units, what about the 6 empty social housing parcels lying fallow along the North Shore of False Creek?
     I knew about these parcels because I was given a tour of them by Concord Pacific during the 2008 municipal election. Furthermore, I was involved as an expert witness in a lawsuit over them a few years ago. Following my comments, Lori Cuthbert contacted me. I happily put her in touch with Cameron Gray, who was the City's Housing Director, and while not directly involved in the acquisition of these sites, knew why they remained undeveloped.
     I told Lori that I thought it was outrageous that these sites remained undeveloped, not as a criticism of Concord Pacific, but rather of the city, province and feds who could have come up with a strategy to see these parcels developed with affordable housing, even in the absence of deep government subsidies. Enough said.

     http://vancouversun.com/news/local-news/three-decades-ago-six-big-lots-in-vancouvers-trendy-false-creek-were-reserved-for-affordable-housing-they-remain-empty-today-will-these-600-homes-for-families-and-seniors-finally-be-built