November 2016

Found 3 blog entries for November 2016.

With a population of nearly 20,000, White Rock is a bustling small community in the SW corner of the Lower Mainland. It is a member municipality of Metro Vancouver. The moderate climate has made it a haven for retirees who enjoy an average summer temperature of 23 degrees Celsius and an average winter temperature of 6 degrees Celsius.

Named for a large white 485-ton granite boulder that probably arrived on the beach through glacial movements millions of years ago, White Rock is also part of the Coast Salish people’s narrative.

According to one legend, a rock was hurled across the Strait of Georgia in honour of the bride of a young chief. He indicated that wherever the rock landed was where they would make a home together. The legend suggests that

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Low Inventory Levels Create Prime Opportunities

In spite of the foreign home buyer’s tax, Fraser Valley property sales in October 2016 keep chugging right along, increasing by 12.1% compared with sales in September 2016. As prices begin to even out, more buyers seem to be exploring listings further into the Fraser Valley, which is good news for homeowners interested in selling their properties.

October inventory in the Fraser Valley was at its lowest level for that month in the past 10 years, with only 6,035 listings. Compared with October of 2015, this is just a 7.7 per cent decrease, but it’s an 18.9% decrease from September of 2016 listings. Currently, this makes it an even more opportune time to offer your home for sale.

Historically, the

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Earlier this month CTV News published an article outlining the details of the Federal Government’s announcement on new measures designed to help stabilize the real estate market and close real estate tax loopholes for foreign buyers.

Here is a look at how these loopholes were being used and how recent changes are designed to close the

Real estate loopholes once used by foreign buyers to avoid capital gains tax are being closed by governments federally and provincially after The Globe and Mail published a story of a luxury home builder in Vancouver who approached both the police and the Canada Revenue Agency (CRA) about a local speculator whom he felt was dodging taxes and misleading lenders.

In part as a result of the ensuing Globe and Mail

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