EDISON' SMART  Real Estate Outlook and Blog.

Transition plan will raise rebates to homes under $850,000B.C. will scrap the HST and return to the PST on April 1 2013, Finance Minister Kevin Falcon announced on Friday in Victoria. Until that time new home buyers will be able to take advantage of expanded rebate program and a transitional tax designed to ensure that there is no tax difference whenever they choose to buy their home — provided it costs $850,000 or less. "The B.C. new housing rebate threshold will be increased to $850,000 ... Full Article...

Just added this listing

Selection broadens and demand eases to kick off 2012 in the Greater Vancouver housing market Greater Vancouver home sellers were more active than buyers in January and overall home prices, according to the new MLS® Home Price Index (MLS® HPI), continued to experience more stability and less fluctuation compared to the beginning of 2011. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,577 on the Multiple Listing Service® ... Full Article...

Just added this listing: "Paloma I. North Mth & City Views! 2 bdrm & 2 full bathrooms located in desirable Richmond downtown. Features high-end quality finishes, central air conditioning, premium stainless steel appliances, granite countertops w/ slate backsplash, electric fireplace & 1 parking and 1 storage. Concierge & fitness centre, steam room, media room, club house & rooftop garden. Just steps to Richmond Centre & Canada Line. In the true heart of Richmond! Balance of the 2/10/10 Willis W ... Full Article...

Balanced real estate market prevailed through much of 2011 The 2011 Greater Vancouver housing market began with heightened demand in regional hot spots and concluded with greater balance between seller supply and buyer demand. The Real Estate Board of Greater Vancouver (REBGV) reports that total sales of detached, attached and apartment properties in 2011 reached 32,390, a 5.9 per cent increase from the 30,595 sales recorded in 2010, and a 9.2 per cent decrease from the 35,669 residential sales ... Full Article...