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JANUARY
2006 HEADLINES
2005
REAL ESTATE RESULTS
PROPERTY ASSESSMENTS & TAX IMPLICATIONS
LISTINGS
& SALES
2005: BEST YEAR EVER FOR
VANCOUVER HOUSING SALES
 Following
the record-breaking sales pace of the last eight months, it’s no
surprise that 2005 was the biggest year on record for the
Greater Vancouver residential housing market. Housing sales
reached 40,530 for the year, surpassing the next highest total
of 37,816 in 2003 by 7.2 per cent.
The Real Estate Board of Greater Vancouver
(REBGV) reports that sales of detached, attached and apartment
properties increased by 10.8 per cent in 2005 when compared to
the 36,593 sales in 2004.
“Last year was truly remarkable with sales
exceeding 40,000 for the first time and the largest dollar
volume of sales achieved in our Board history,” says Georges
Pahud, REBGV president.
“Many factors contributed to this
accomplishment – mainly economics of course: interest rates,
confidence in the economy, international and inter-provincial
migration and employment, but mainly people: the public and
their continuing faith in real estate and Realtors. Not
forgetting that one of the fundamental reasons Greater
Vancouver’s real estate market continues to flourish is because
it’s a great place to live. This is a good time for consumers to
buy real estate and be in Greater Vancouver,” Pahud says.
Download the press release:
CLICK HERE
PROPERTY ASSESSMENTS & TAX
IMPLICATIONS
The beginning of January saw the annual
arrival of assessments for property owners throughout the
province of British Columbia.
These assessments are used by cities and
other municipalities to calculate property taxes for the
services they provide. These could result in higher costs on
property tax bills for many homeowners in May.
It is possible assessments can lag
anywhere from 20 to 30 per cent behind the potential current
sale price. If you believe this to be the case, you will be
feeling quite happy that your property taxes should remain
relatively low; however, in the odd event that you believe your
assessment to be too high, you can always appeal your position.
If this is the case, call Kevin today to learn how to appeal
your assessment.
For more information on how these
assessments have affected your property position, please contact
Kevin on (+1) 604.340.1267.
Listings & Sales
JUST SOLD! #10
939 W 7TH AVE, FAIRVIEW, VANCOUVER An elegant and modern
open plan interior greets you with a high quality feel
throughout. Recent renovations include a brand new granite and
stainless kitchen, with the latest cabinets and high quality
appliances, new hardwood, carpet and stone flooring, built-ins
and other well thought-out features. North and south exposures
and quite an impressive view too!
For more information on this and other
properties, please keep visiting the Feature Listings section
www.findaproperty.ca/listings/ .
I am also looking to sell further homes in
Lions Bay, the North Shore, the West Side and the Sea-to-Sky
corridor after a number of recent sales in area. If you are
looking to benefit from the increase in values of your home or
property, contact me now. 604.340.1267 or
kevin@findaproperty.ca
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