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BC home demand “never stronger” as sales break record
March 16th, 2016Bank of Canada keeps key interest rate at 0.5%
March 11th, 2016Are Canadians starting to sour on real estate investment?
February 29th, 2016
Toronto and Vancouver have been doing the heavy lifting in the Canada’s housing market — transactions and prices in these two markets counter Prairie downturns — and following the Canadian Real Estate Association’s release of January home sale data, some of the country’s biggest banks predict this trend will continue.
In January, the national average price was $470,297, up 17 per cent from ...
20 Hottest Real Estate Markets Now
February 29th, 2016
February may be the last full month of deep, dark winter—hallelujah, praise the Lord!— but we’re already seeing signs of an early spring here at realtor.com®, with rapidly growing demand for the relatively few available homes that are on the market.
Inventory is growing slowly—but not enough to keep up with demand. This dynamic nudged up the median list price in February to $230,000, a 1% ...
The Listing Agreement
January 20th, 2010
When you decide to sell your home with a REALTOR®, one of the most
important forms you will encounter is the Listing Agreement. The
Listing Agreement is the contract between you and the real estate
brokerage authorizing the brokerage, including its brokers and
salespeople, to market your property.
The Listing Agreement is
such an important part of your real estate transaction that you'l ...
SELLING YOUR HOME - WHEN IS THE RIGHT TIME?
January 20th, 2010
When should I sell my home?Your answer to this question
might be right now! If you have taken a job in another city or made an
offer on a new home, or had an addition to your family, selling your home
fast might be the most important goal you have. Most people, however,
have some flexibility when they sell their home. Let us take a closer
look at the most important factors that can go in ...
SELLING YOUR HOME WITH A REALTOR - OR GO IT ALONE
January 20th, 2010
If you have decided that now is the time to sell your home,
you might be thinking: should I hire a Real Estate Sales Representative
or do it alone. Have you ever considered repairing your own car? Anyone
can buy the tools and parts. However, most of us just do not have the
knowledge, training, experience or the expertise and commitment of time
to do the job properly. Besides, there are p ...
SELLING A HOME CAPITAL GAINS TAX
January 20th, 2010
The Income Tax Act does not specifically set out whether or not
a gain or loss is capital in nature. The taxpayer is responsible for
reporting the gain as income or capital gain. This report may then be challenged by the Canada Customs and Revenue Agency with the onus of proof on the taxpayer.
Over the years, Capital Gain Tax has been determined based
on a number of factors such as the ...
HOME VALUES
January 20th, 2010
Home value sometimes referred to as "Value in Use", is best described
as the probable price at which a home trades in a free, competitive,
and open market and is synonymous with the market value.
market value:
Market value is the highest price in terms of money, that the property
will bring to a willing seller if exposed for sale on the open market;
allowing a reasonable time to find a ...