Blog by Evon Mayer

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2009 in Real Estate Review

January 6th, 2010
YEAR OF THE REAL ESTATE REBOUND FOR FRASER VALLEY (Surrey, BC) - Results from Fraser Valley Real Estate Board’s Multiple Listing Service (MLS®) in December reflect the real estate story of 2009: recovery. “In 12 months, we went from the worst January in 20 years to the third best December,” said Paul Penner, President of the Board. “Home buyers took Boxing Day shopping to new levels with so ...

HST Update

November 13th, 2009
  October 23 2009 Getting Ready for Sales Tax Harmonization in Ontario and British Columbia   REALTORS® need to get ready for Ontario’s and British Columbia’s (BC) new harmonized sales tax (HST). Although the changes will take effect on July 1, 2010, the time to start preparing is now. In fact, the HST will impact certain current agreements, such as purchase and sale agreements fo ...

LISTING DURING THE HOLIDAYS! :-)

October 28th, 2009
Eleven Reasons To List A Home During The Holidays  1.  People who look for a home during the Holidays are more serious buyers! 2.  Serious buyers have fewer houses to choose from during the Holidays and less competition means more money for you! 3.  Since the supply of listings will dramatically increase in January, there will be less demand for your particular home! Less demand means ...

HST Difficulties-Reators as Advocates

October 23rd, 2009
FVREB appears before BC government pre-budget committee On October 16, Christine Caldwell, FVREB's Director & Chair, Government Relations, and Robert Laing, BCREA's Chief Executive Officer, made a joint presentation to the BC government's Select Standing Committee on Finance and Government Services when they held a pre-budget hearing in Surrey. In response to the Harmonized Sales Tax (HST) ...

Real Estate Purchase Confidence Improving

October 14th, 2009
Real Estate Purchase Confidence Improving According to Latest BCREA Survey As a key part of BCREA ’s public affairs strategy, the Association sponsored a two-part public opinion research project conducted by Mustel Group Market Research. In May 2009, the second survey tracked several key measures asked in the January 2009 BCREA survey, including top affordability barriers and ...

HST Tax Bill: $82,974 on a $565,000 home??

October 7th, 2009
The total tax bill on a new $565,000 home is $82,974, after all three levels of government take a piece. Photograph by: Ian Smith, Vancouver Sun, Files, Vancouver Sun The way new homes are taxed in B.C. is excessive, wrong-headed and harmful, and the harmonized sales tax will make it worse. So I think the home-building industry is aiming too low when it asks for some breathing room to co ...

NEW LISTING: #314 331 Knox St.

October 7th, 2009
I just finished uploading this Condo for sale, 314 331 Knox St., New Westminster, BC http://www.flickr.com/photos/28099411@N02/sets/72157622365978727/ MUST SEE! Professionally renovated one-bedroom condo tucked away in quiet central location. Condo facts & features include: • 1 bedroom, 608 sq/ft professionally renovated condo unit • Modern lights, base boards, doors & crown molding • Stain ...

Summary of HST Issues

October 7th, 2009
Summary of HST Issues   To date, government has not responded to industry’s recommendations to mitigate the effects the harmonized sales tax (HST) on new housing and renovations.    Federal and provincial officials are attempting to apply the HST rules that were made for Ontario, to BC. Industry has made it blatantly obvious that BC’s situation is very different, with higher average house ...

Build Case Against the HST

October 7th, 2009
Greater Vancouver Home Builder's Association continues to build their case against the HST In a recent Vancouver Sun column, Peter Simpson revealed independent analysis of how a harmonized sales tax would affect buyers of new homes in BC. The research is by the Toronto-based Altus Group Economic Consulting. Here are a few of their key findings (the rest are outlined in Peter's column): S ...

HST to Boost Housing Costs

August 24th, 2009
Harmonized tax will boost housing costs, may reduce business costs     When the BC government announced the new Harmonized Sales Tax (HST), which will come into effect July 1, 2010, they talked about how the new tax would encourage new business investment and create jobs by reducing costs to businesses. For real estate companies, personal real estate corporati ...
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