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Royal LePage Coronation West 2185 Austin Ave. Coquitlam BC, V3K 3R9 604-939-6666
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Market News

  Mar.7, 2014 - Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program

Back in February, the government announced changes to the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program in their provincial budget. I have had many Buyers ask for the details of the changes. 

  Mar.5, 2014 - Bank of Canada Interest Rate Announcement

The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1 per cent. In its accompanying statement, the Bank noted that the economy is preceding largely on the path the Bank projected in its January Monetary Policy Report. While inflation and growth were slightly higher than expected in the fourth quarter of 2013, the Bank expects slack in the economy to keep inflation below the Bank’s 2 per cent target this year. 

  Jan.30, 2014 - Housing Demand to Trend Higher

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 4.8 per cent to 76,450 units this year, before increasing a further 7 per cent to 81,800 units in 2015. 

  Jan.13, 2014 - BC Home Sales Bounce Back in 2013

The British Columbia Real Estate Association (BCREA) reports that a total of 72,936 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during 2013, up 7.8 per cent from 2012.