Vancouver’s real estate market ended 2020 with a bang, as a December home-buying spree helped the market rebound from a weak 2019, despite the COVID-19 pandemic. Home sales jumped 53.4% in the final month of 2020 compared with December 2019, the Real Estate Board of Greater Vancouver said on Tuesday. The board said 3,093 homes [&hellip…
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Owners of secondary properties in Vancouver have at least one reason to dread 2021: a near-tripling of the city’s Empty Homes Tax. On November 25, after Vancouver city council voted in favour of the increase, Mayor Kennedy Stewart spoke about how the higher tax should benefit the city’s renters. “It is clear that the Empty Homes Tax [&hellip…
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Vancouver has long been Canada’s most expensive real estate market, which can make flipping homes a tricky endeavour. In a city where the benchmark price of a detached house increased by 8.5% year-over-year in October to $1,523,800, condos and townhouses offer the best bang for your buck. According to Alice Yang, a real estate specialist, [&hellip…
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