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Blog by Tina Mak

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Canada ranked #1 Most Reputable country in the world!

July 3rd, 2017
 Canada ranked #1 Most Reputable country in the world! Great news to celebrate on top of our 150 Year Birthday! On June 29, Reputation Institute revealed the results of the 2017 Country RepTrak® Study as well as the Pulse scores of the top 20 ranked nations. Country RepTrak® measures the reputation of 55 countries based on levels of trust, esteem, admiration and respect based on an online pa ...

Demand for homes continues to outpace supply in Metro Vancouver

April 4th, 2017
Demand for homes continues to outpace supply in Metro Vancouver Canadian Govt talked about wants to encourage to buy property that's why our BC Provincial Govt rolled out all the silly tax to stop foreign investors to buy.  However, the reality is the lending rules are so tight that many locals unable to obtain mortgage.  I've come across many collapsed deals lately bc locals couldn't get ...

Cost Saving Programs for British Columbians

March 9th, 2017
Cost Saving Programs for British Columbians  The various savings/incentive programs for buyers and homeowners Included are rebates, exemptions and deferrals on GST, PTT, property taxes, and others.1. BC Home Owner Mortgage and Equity (HOME) Partnership program Offers qualifying first-time buyers with a down payment, a matching down payment loan of up to 5% of the purchase price to a maximum ...

A heated year for Metro Vancouver real estate draws to a close

January 4th, 2017
The Metro Vancouver housing market had its third highest selling year on record in 2016, behind only 2015 and 2005. Sales of detached, attached and apartment properties in the region reached 39,943 in 2016, a 5.6 per cent decrease from the 42,326 sales recorded in 2015, and a 20.6 per cent increase over the 33,116 residential sales in 2014. “It was an eventful year for real estate in Met ...

By TINA MAK wieditor@biv.com This past July, the British Columbia government unexpectedly slapped a 15 per cent tax on any foreign national buying real estate in Metro Vancouver. This sudden move was designed to dampen the market for the steady inflow of

December 28th, 2016
Foreign buyers in Metro Vancouver: what happens next?COVER | Top Asian real estate agent says 15 per cent tax has slowed but won’t stop the attraction ofChina-based residential investors to the opportunties and lifestyles of a “Super Prime City” This past July, the British Columbia government unexpectedly slapped a 15 per cent tax on any foreign national buying real estate in Metro Vancouver ...

Testimonial

November 4th, 2016

Can you foresee housing affordability in Vancouver?

September 23rd, 2016
All you need to read is the headline of the report and the graph released by the real estate board below.. You can then simply understand the challenge we have to resolve the housing affordability issue.   Christy Clark finally announced $500M for affordable housing project.  Anything helps!    Demand for office, retail, andland reaches five-year high across the Lower Mainland Demand fo ...

Vancouver Poised to Take Next Steps on Empty Homes Tax

September 14th, 2016
Here you go!  Fresh from the oven from the Mayor's office..I find it has a hard time to exercise this policy.  It's more noise than anything.  It will waste tax payer's money to monitor the whole process for this 10,800 empty homes.  Among these properties, there are many homes worth land value only and require major update as well as some high end luxury properties which has very high ...

B.C. Premier trying to scare the Chinese buyers away, Ottawa does the opposite

August 10th, 2016
B.C. Premier trying to scare the Chinese buyers away, Ottawa does the opposite While our Premier trying to scare the Chinese away from buying real estate in Vancouver, the Federal govt is eager to attract Chinese students, tourists and workers.  Canada currently has 5 locations for Chinese applying for Canadian visas.  5 more will be opened as soon as next year in China's second tier cities: ...

Vancouverites will be the victim under the new New Foreign Home Buyers Tax

August 3rd, 2016
Vancouverites will be the victim under the new New Foreign Home Buyers Tax B.C real estate isn't short of colorful news so far this year.  From shadow flipping, realtors misconduct, end to real estate self-regulation, vacancy tax to our newest most controversial New Foreign Home Buyers Tax all in the last couple of months.  Well...we can tell all these measures were being implemented r ...
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