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How BC’s Speculation and Vacancy Tax affects the Sunshine Coast

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. Foreign buyers could also ... Read More »

Enjoy Dakota Ridge this winter

One of the best Boxing Day traditions on BC’s Sunshine Coast is to take the family and meet friends up on Dakota Ridge. Have a snowball fight, do some tobogganing and enjoy a hot chocolate in the warming hut, or maybe try some snow shoeing or cross country skiing.  There are lots of options and ... Read More »

Avoid your property becoming “stale-dated”

A listing can get “stale dated” if it sits on the market for longer than it takes (on average) for a house to sell in an area. This year the median time on market for the Lower Sunshine Coast (Langdale to Egmont) has been 50 days. By area median times are as follows: • Gibsons ... Read More »

Holiday jokes

Ho ho ho! Merry Christmas and happy holidays to you and yours! I would like to thank my friends and colleagues from REMAX City Realty – Sunshine Coast for having some fun with me in the Christmas video we just released. My thanks to Realtors Linsey Hulls (www.screalestate.ca) and Aliese Mackenzie  (www.amackenzie.remax.ca) and Ken O’Donnell, ... Read More »

What might 2020 have in store for real estate on the Coast?

In a recent report from Central 1 credit union, the bank’s deputy chief economist, Bryan Yu, predicts a decline in provincial real estate 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 ... Read More »

At home in Halfmoon Bay

Halfmoon Bay values are, on average, flat year-over-year. Sales are down from 69 to this date in 2018, to 53 in the same period this year, but we are not seeing the same decrease in market value as other areas on the Sunshine Coast. Average detached house price in 2018 was $783,000 and this year ... Read More »

Hiring a buyer’s agent when looking to purchase a home

As primarily a listing realtor who carries a substantial number of listings, both residential and commercial, I am frequently contacted by unrepresented buyers that are under the delusion that they are going to save money approaching me directly, rather than use a buyer’s agent. The common misconception is that by not using a buyer’s agent ... Read More »

Is the time change worth it?

Most Canadians rolled their clocks back last Sunday morning. However, BC Premier John Horgan has told British Columbians that he believes this is the last fall those in our province will do so. Canadians have been changing their clocks in the fall and summer for around 100 years. While Daylight Savings Time is supposed to ... Read More »

Sunshine Coast likely to continue to see a buyers’ market into 2020

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 summer ... Read More »

Gibsons: Gateway to the Sunshine Coast

According to the provincial government, roughly 98 per cent of businesses in BC are small businesses and I can’t imagine a better place to own a business than on BC’s spectacular Sunshine Coast.  Today I am talking about Gibsons and why this is a great community in which to live, work, and invest.  Gibsons is ... Read More »

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