Market Minute

Market Minute - January 2020

Posted on Jan 01, 2020 in Market Minute


BC's Speculation and Vacancy Tax was raised to two per cent in 2019 and 2020 is the first year in which affected owners will be hit with the full bill. If you own a home in the City of Vancouver, you may also be subject to an additional one per cent vacancy tax. Lastly, foreign buyers could be hit with an additional property transfer tax of 20 per...

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MARKET MINUTE - DECEMBER 2019

Posted on Dec 02, 2019 in Market Minute


In a recent report from Central 1 Credit Union, the bank's deputy chief economist, Bryan Yu, predicts a decline in provincial resale transactions this year but a 13 per cent increase in 2020.

This means my earlier prediction of a balanced market in spring 2021 may have been pessimistic. If Yu's calling for a slow end to 2019 and a busy 2020, is accu...

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Market Minute - November 2019

Posted on Oct 31, 2019 in Market Minute


The turmoil surrounding our federal election has subsided and Canadians now have a Liberal minority government. This means, at least for the time being, home buyers and sellers shouldn’t expect any changes to the current mortgage qualification requirements.

This leads me to believe that Sunshine Coasters will continue to see a buyers’ market into su...

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Market Minute - October 2019

Posted on Sep 28, 2019 in Market Minute


The Sunshine Coast real estate market circa October 2019 can be described as follows: If you don’t need to sell right now, don’t. If you MUST sell, price your property sharply to avoid chasing the market further down.

Deciding what your property is worth on the open market requires equal parts science and art. The science comes from knowing what dat...

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Market Minute - August 2019

Posted on Aug 11, 2019 in Market Minute


The August Market Minute is coming to you from one of my recent listings in Granthams Landing in order to allow me to illustrate a point.

Year-over-year comparisons between this year and last year show that the Sunshine Coast real estate market has slowed considerably ov...

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Market Minute - July 2019

Posted on Jul 04, 2019 in Market Minute


June saw buyers lowballing sellers in an attempt to capitalize on a very soft Sunshine Coast real estate market.

Reconsider whether or not selling your property is something you really need to do right now. Summer months typically mean a slow real estate market and I anticipate that slowness will become even more pronounced here on the Sunshine Coas...

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