Why I wouldn’t mind being a first-time buyer right now
Filed Under Main Content · Tagged: Confusion, Consumers, Estate Organizations, Favour, First Time Buyer, Homebuyers, Hst, Lotus, Lotus Land, Metro Vancouver, Property Ladder, Pundits, Purchase Decisions, Real Estate Market, Resale Homes, S Market, Summer Fling, Tactic, Vancouver Real Estate, Vancouver Sun
The Vancouver Sun- Real estate pundits are starting to announce -albeit somewhat apologetically, in some cases -that the Metro Vancouver real estate market is now leaning away from sellers in favour of buyers.
Hey, there’s nothing wrong with a buyer’s market. If market balance and sharper pricing allow more folks to climb on to the property ladder, bring it on. And history teaches us market conditions in Lotus Land-by-the-Sea can shift quickly. The buyer’s market might be short-lived, a summer fling.
I have also noticed that real estate organizations believe the HST has caused some confusion among homebuyers, perhaps stalling their purchase decisions. These organizations want consumers to know there is no HST on resale homes. Hmm, I wonder if this messaging, given the increase in listings, is aimed at steering buyers to resale homes. That tactic would be way too obvious, wouldn’t it?…
Why I wouldn’t mind being a first-time buyer right now
Why I wouldn’t mind being a first-time buyer right now
Filed Under Main Content · Tagged: Confusion, Consumers, Estate Organizations, Favour, First Time Buyer, Homebuyers, Hst, Lotus, Lotus Land, Metro Vancouver, Property Ladder, Pundits, Purchase Decisions, Real Estate Market, Resale Homes, S Market, Summer Fling, Tactic, Vancouver Real Estate, Vancouver Sun
Vancouver Sun- Real estate pundits are starting to announce -albeit somewhat apologetically, in some cases -that the Metro Vancouver real estate market is now leaning away from sellers in favour of buyers.
Hey, there’s nothing wrong with a buyer’s market. If market balance and sharper pricing allow more folks to climb on to the property ladder, bring it on. And history teaches us market conditions in Lotus Land-by-the-Sea can shift quickly. The buyer’s market might be short-lived, a summer fling.
I have also noticed that real estate organizations believe the HST has caused some confusion among homebuyers, perhaps stalling their purchase decisions. These organizations want consumers to know there is no HST on resale homes. Hmm, I wonder if this messaging, given the increase in listings, is aimed at steering buyers to resale homes. That tactic would be way too obvious, wouldn’t it?…
Why I wouldn’t mind being a first-time buyer right now
Home prices see first annual rise in 10 months
Filed Under Main Content · Tagged: 10 Months, House Price, Lows, National Bank, Price Index, Real Estate Market, Resale Homes, Resale Prices, S Real Estate, Teranet, Vancouver Sun
Vancouver Sun- Resale prices for Canadian homes rose for a sixth consecutive month in October — and were up on an annual basis for the first time in nearly a year — as the country’s real estate market continued to recover from recessionary lows, according to a report released Wednesday.
The Teranet-National Bank resale house price index of major markets increased 1.27% during the month from September. Year-over-year, prices were up 0.57% — marking the first rise in 10 months…
