Carmen Leal- Vancouver Real Estate

Sunday, 28 February 2016

Live Vancouver | Carmen Leal | 604.218.4846 | www.CarmenLeal.ca

Live Yaletown-Live Coal Harbour-Live Gastown

Are you interested in selling

your home in the next few months?

Work with award winning realtor, Carmen Leal and her

team that specialize in Real Estate Downtown Vancouver,

and qualified Buyers that are looking for a home in your area!

contact carmen to list your home today!

Get a hold of Carmen directly at 604.218.4846

or email carmen@carmenleal.ca to arrange an appointment

Thursday, 18 February 2016

Property Transfer Tax Changes: Newly Built Home Exemption

Property Transfer Tax Changes

1. There are no changes to the first time home buyer exemption limits;

2. All buyers (whether first time buyers or not) no longer pay PTT on purchases of NEW homes up to $750,000 in value; note the buyer must be a Canadian citizen or a permanent resident; there is a partial exemption for homes between $750,000.00 and $800,000.00;

3. PTT has changed so that there is now a 3% tax on amounts over $2,000,000.00. The 3% tax is only paid on the amount over $2,000,000.00, not the full price.

Who is looking to buy some presale condos?! I am now

Here is some more information -

http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/exemptions/newly-built-home-exemption

If you have further questions please contact Carmen at 604-218-4846 or send an email to carmen@carmenleal.ca

Yours,

Carmen Leal Personal Real Estate Corporation

www.carmenleal.ca

604.218.4846

Tuesday, 16 February 2016

Blue Mountain Estates | Carmen Leal 604.218.4846 - 360hometours.ca

50% SOLD!!!!!

Get a unit in this amazing project. Won't last!!!!!

Contact Carmen Leal @ 604-218-4846 for more details.

Wednesday, 10 February 2016

Carmen Leal- Vancouver Real Estate: Carmen Presents.... Market Update February 2016

Carmen Leal- Vancouver Real Estate: Carmen Presents.... Market Update February 2016: February 2016 English | 中文（简体） Strata fees: How much is enough? Inadequate contingency funds,...

Carmen Presents.... Market Update February 2016

February 2016

English |

中文（简体）

Web Lite SWeTE: Simple Website Translation Engine

Strata fees: How much is enough?

Inadequate contingency funds, depreciation reports often set owners up for big surprises

Making sense of condominium strata fees - what is reasonable? what is too little? - is a growing challenge.

Lawyers, industry associations and owners are grappling with such questions at a time when high real estate costs already mean scant disposable income for most households.

Read more... (The Vancouver Sun)

January 2016 Real Estate Reports

Click below to find the benchmark price for condos, townhomes and houses in your area last month.

Abbotsford		Port Coquitlam
Burnaby East		Port Moody
Burnaby North		Richmond
Burnaby South		South Surrey /White Rock
Cloverdale		Squamish
Coquitlam		Sunshine Coast
Ladner		Surrey - Central
Langley		Tsawwassen
Maple Ridge		Vancouver - East
Mission		Vancouver - West
New Westminster		Victoria
North Delta		West Vancouver
North Surrey		Whistler
North Vancouver		South Okanagan
Pitt Meadows		Central Okanagan
		North Okanagan

Surrey leads single-family home construction growth

Pace of residential and commercial development in Surrey outstrips that of Vancouver

The City of Surrey is now leading the way in new single-family detached home construction in the Lower Mainland, according to BC Assessment data released last week.

There were approximately 83,600 new homes built in Surrey in 2015 compared with Vancouver's roughly 81,000.Surrey also surpassed Vancouver in all types of new properties being built, including strata, single-family detached homes and commercial/industrial properties.

The only municipality to outpace Surrey in terms of overall new property growth was Burnaby.

Read more... (BusinessInVancouver)

Co-ownership of homes increasing in Vancouver due to surging real estate prices

With housing prices in Metro Vancouver flying ever-further out of reach for local incomes, real estate professionals say an increasing number of families are pooling resources to get into the market.

Co-ownership - facilitated by the so-called "mixer mortgages" promoted by banks and credit unions such as VanCity - allows families or friends to own and live in the same residence.

Co-ownership is not new in Vancouver. But with average detached home prices surging to $2.5 million and "runaway" prices increasingly "divorced" from local incomes as Mayor Gregor Robertson said this week, it makes sense that more people are reportedly looking at these financing arrangements.

Read more... (CTV NEWS)

*This communication is not intended to cause or induce breach of an existing agency agreement.

*Although this information has been received from sources deemed reliable, we assume no responsibility for its accuracy, and without offering advice, make this submission to prior sale or lease, change in price or terms, and withdrawal without notice.

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©2016 Macdonald Real Estate Group

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Monday, 11 January 2016

January 2016 Market Update

January 2016

English |

中文（简体）

Looking back at 2015 real estate price changes

B.C. is buoying the country's residential real estate market, according to a forecast update from the Canadian Real Estate Association (CREA). Prices increased 11.5 per cent, significantly bolstering the national average, while sales activity increased 21.4 per cent in 2015 over 2014-and those figures aren't just for Vancouver. The association, however, expects increases in sale prices in B.C. to continue but to drop to a more modest two per cent next year, down from an unprecedented 11.5 per cent in 2015.

Over the last 12 months, the Lower Mainland has bucked up not just the provincial average but also the national average. Prices increased 18 per cent over the last year in Greater Vancouver and 12.3 per cent in the Fraser Valley.

Read more... (BCBusiness.ca)

December 2015 Real Estate Reports

Our monthly stats now use the MLS® Home Price Index. The HPI benchmarks represent the price of a typical property within each market. It takes into consideration what averages and medians do not - items such as lot size, age, number of rooms, etc. These features become the composite of the 'typical house' in a given area.

Click below to find the benchmark price for condos, townhomes and houses in your area last month.

Abbotsford		Port Coquitlam
Burnaby East		Port Moody
Burnaby North		Richmond
Burnaby South		South Surrey /White Rock
Cloverdale		Squamish
Coquitlam		Sunshine Coast
Ladner		Surrey - Central
Langley		Tsawwassen
Maple Ridge		Vancouver - East
Mission		Vancouver - West
New Westminster		Victoria
North Delta		West Vancouver
North Surrey		Whistler
North Vancouver
Pitt Meadows

Is Squamish the best-kept real estate secret in B.C.?

Young families getting priced out of Vancouver and heading to the 'burbs is a familiar story, but developers say there's a new exodus underway - to Squamish.

New rules to heat up housing market

The new mortgage down payment rules, intended to cool down the overheated housing market and put a drag on housing prices, are going to make prices in Maple Ridge even more attractive to buyers, say local realtors.

The new rules will require bigger down payments from people buying expensive properties.

Buyers will still be able to purchase a home with just 5 per cent down, on a property up to $500,000. But with the new rules announced by Ottawa last week, for houses more expensive than that, the purchaser will need to come up with 10 per cent down for the amount more than $500,000.

So, a $500,000 home will require a $25,000 down payment, but a $700,000 house will require $45,000 down.

Read more... (Maple Ridge News)