Blog by Patricia Houlihan - Personal Real Estate Corporation

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What's the deal with the School Tax?

January 18th, 2019

What's the deal with the School Tax?

 A lot of people are asking me about the school tax-particularly as it applies to luxury homes...I won't get into the issue of whether we can really call a $3 million-dollar home in Vancouver "luxury" but here is the information from the Province's website. If you would like me to explain any issues or answer questions about it, please let me know.

 Scho ...

More on Property Assessments: How to Calculate Tax Payable

January 18th, 2019

More on Property Assessments: How to Calculate Tax Payable

Here is an article from the BC Assessment Authority which answers a question a lot of my clients have been asking about the tax payable on their homes this year. 

The Property Tax Equation

BC Assessment determines the assessed value of your property based on a valuation date of July 1st of each year. Your assessment notice is maile ...

OPPORTUNITY KNOCKS!!!

January 15th, 2019
OPPORTUNITY KNOCKS!!!
This market is not great for many of us but, unfortunately, it is likely to be with us for quite a long time. On the positive side, there are opportunities to be had-this is a great market for many, including:
-first time buyers
-those wanting to upgrade to a better home (the "gap" works in your favour now)
-investors looking to get into real estate investments o ...

It's a SCARY market out there.... Interest Rates up....and Prices???

November 1st, 2018

It's a SCARY market out there.... Interest Rates up....and Prices???

 

For several months now we have seen a combination of government initiatives implemented which have significantly reduced the number of sales we are seeing and significantly increased the time it is taking to sell homes. There have been a lot of listings but very few sales. In part this is due to overpricing for the curre ...

SEVENTEEN YEAR LOW-What does this mean to you?

May 2nd, 2018
Today the Real Estate Board of Greater Vancouver announced that sales volume in Metro Vancouver hit a 17 year low in April. While this is surprising, it is key to remember that while sales volume affects prices, they are very different things. Obviously prices are still very high, even in some areas where prices are down substantially from where they were. The "new reality" where many governm ...

Real Estate 2016: A nice summary of the past year

January 11th, 2017
I don't think I have ever sent out a video done by the President of the Real Estate Board but this one is quite good 
(both this president, Dan Morrison, and this video). It is an easy to digest review of 2016. If you would like to discuss 
anything covered in this video message or what we can expect in Vancouver real estate in 2017 and beyond, please contact
me.

CLICK HERE or below to view ...

TRUMPMARE solution: Canada anyone?

January 10th, 2017
Since that bad night in November, I have actually had several Americans wanting to get out of their country due to the nightmare of Trump actually being elected. I agree that it is so sad that so many 
people thought it was okay to vote for someone like that and personally I am happy to have non-Trump Americans here.  
For those who are looking for something other than a vacation home in Ca ...

BC government to offer down payment loans for first-time buyers

December 16th, 2016

Here is yesterday's announcement summary-free money from the Province-a rare benefit for home buyers.  It is a reasonably good time for buyers trying to get in the market (it's all relative!) and this should help some.

 

December 15, 2016

 

BC government to offer down payment loans for first-time buyers

Premier Christy Clark unveiled a new loan program today to help first-t ...

Cates Landing North Vancouver Resales

November 4th, 2016
I am a HUGE fan of Cates Landing. I don't think you can beat the location, and the waterfront concos were very well priced. I know several realtors who bought there; I also wanted to buy suites on several occasions but each time I thought about it I came up with a buyer of mine who might want to make that purchase-and they did, leaving me with nothing to buy! Hopefully I can buy a suite when t ...

Provincial Budget and Real Estate-sorry families no help for you!

February 17th, 2016
Well the budget changes have been announced and there are three key real estate related changes:
There will be no Property Transfer Tax ("PPT) on NEW homes up to $750,000.  This will help some first time buyers who are trying to get into the market but there is really nothing in the budget to help families living in and around Vancouver: the people who currently have a harder time purchasi ...
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