Jeff Benna
Please visit our Open House at 1112 IRONWORK PASSAGE in Vancouver.
Open House on Sunday, March 2, 2014 1:00 pm - 2:45 pm
WATERFRONT townhouse, THREE bedrooms up, UNOBSTRUCTED views, PRIVATE yard, DECKS galore and lots of STORAGE. Fully RENOVATED kitchen, and bathrooms. Granite counter tops, undermount sink, tile floors, modern faucets and fixtures. SOLIDHARDWOOD FLOORS throughout main and cozy new CARPET upstairs. Spacious, bright rooms perfect for entertaining or as your urban oasis. Great outdoor space and the Seawall right out your front door. The master bedroom has ensuite, vaulted ceilings and it's own private deck with view. TWO PARKING STALLS. This is a perfect combination of accomodation, location, convenience, and lifestyle. PREPAID LEASE to 2036. YOU'LL LOVE IT!
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First-time home buyers received welcome news in today’s provincial budget. Any REALTORS® currently working with first-time buyers will want to share this news with them as soon as possible.

 

The government has announced, effective February 19, 2014, under the Property Transfer Tax (PTT) First-Time Home Buyers’ Exemption program, qualifying first-time buyers can buy a home worth up to $475,000. The previous threshold was $425,000.

 

The partial exemption continues and will apply to homes valued between $475,000 and $500,000.

With this change, the government estimates 1,700 additional first-time buyers will annually be eligible to save up to $7,500 in PTT when they buy their home.

 

The government estimates this measure will cost $8 million in lost tax revenue each year.

 

The Real Estate Board, together with BC Real Estate Association, has actively lobbied to make home ownership more affordable for first-time home buyers. This increase in the threshold clearly signals our efforts have paid off as in past years.

 

In 2008, as a result of industry lobbying, the provincial government increased the threshold to $425,000 from $375,000.

 

In 2005, the government increased the threshold to $325,000 from $275,000.

 

The PTT is calculated at a rate of one per cent on the first $200,000 and two per cent on the remaining value of the purchase price.

 

-REBGV

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I have listed a new property at 7327 MAGNOLIA TERR in Burnaby.
MONTEREY. Quality two bedroom, two bath townhouse by Adera. This is a quiet and bright, inside courtyard, south facing home. There are cozy bay windows with seats perfect for relaxing with a book or tablet.All new floors in this great layout and a sunny private rooftop deck with views to the south. Good size bedrooms, nice living and dining space with a functional kitchen. One parking space and one storage. Close to the biking path, Highgate and a short skytrain ride to metrotown or downtown. YOU'LL LOVE IT!
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Please visit our Open House at 1112 IRONWORK PASSAGE in Vancouver.
Open House on Sunday, February 16, 2014 1:00 pm - 2:30 pm
WATERFRONT townhouse, THREE bedrooms up, UNOBSTRUCTED views, PRIVATE yard, DECKS galore and lots of STORAGE. Fully RENOVATED kitchen, and bathrooms. Granite counter tops, undermount sink, tile floors, modern faucets and fixtures. SOLIDHARDWOOD FLOORS throughout main and cozy new CARPET upstairs. Spacious, bright rooms perfect for entertaining or as your urban oasis. Great outdoor space and the Seawall right out your front door. The master bedroom has ensuite, vaulted ceilings and it's own private deck with view. A second parking space is available. This is a perfect combination of accomodation, location, convenience, and lifestyle. PREPAID LEASE to 2036. YOU'LL LOVE IT!
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Please visit our Open House at 7327 MAGNOLIA TERR in Burnaby.
Open House on Sunday, February 16, 2014 3:30 pm - 5:00 pm
MONTEREY. Quality two bedroom, two bath townhouse by Adera. This is a quiet and bright, inside courtyard, south facing home. There are cozy bay windows with seats perfect for relaxing with a book or tablet.All new floors in this great layout and a sunny private rooftop deck with views to the south. Good size bedrooms, nice living and dining space with a functional kitchen. One parking space and one storage. Close to the biking path, Highgate and a short skytrain ride to metrotown or downtown. YOU'LL LOVE IT!
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I have sold a property at 507 3520 CROWLEY DR in Vancouver.
"MUST SEE" Affordable 2 bedroom apartment located in the centre of Collingwood area. Well kept quality concrete building by BOSA. Very clean condition (like NEW) with open concept floor plan that flow nicely with the living room & diningroom, bright, spacious layout, north "QUIET" facing with mountain & garden view. Close to school, parks, shopping, restaurants, community centre, public transportation. Looking for a new owner with TASTE and LIFESTYLE!
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Vancouver, BC - Feb. 4, 2014 - The first month of 2014 saw home sale and listing totals outpace historical averages in the Greater Vancouver housing market.
 
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 1,760 on the Multiple Listing Service® (MLS®) in January 2014. This represents a 30.3 per cent increase compared to the 1,351 sales recorded in January 2013, and a 9.9 percent decline compared to the 1,953 sales in December 2013.
 
Last month’s sales were 7.2 percent above the 10-year sales average for the month.

“The Greater Vancouver housing market has been in a balanced market for nearly a year. This has meant steady home sale and listing activity accompanied by stable home prices,” Sandra Wyant, REBGV president said.
 
New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,345 in January. This represents a 4.2 percent increase compared to the 5,128 new listings reported in January 2013.
 
Last month’s new listing count was 17.7 percent higher than the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the Greater Vancouver MLS® is 12,602, a 4.9 percent decline compared to January 2013 and a nine percent increase compared to December 2013.
 
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $606,800. This represents a 3.2 percent increase compared to January 2013.
 
With the sales-to-active-listings ratio at 14 per cent, the region remains in balanced market territory. “If you’re looking to sell your home in a balanced market, it’s critical that your list price is reflective of current market conditions,” Wyant said.
 
Sales of detached properties in January 2014 reached 728, an increase of 34.3 per cent from the 542 detached sales recorded in January 2013, and a 10.5 percent increase from the 659 units sold in January 2012. The benchmark price for a detached property in Greater Vancouver increased 3.2 percent from January 2013 to $929,700.
 
Sales of apartment properties reached 753 in January 2014, an increase of 30.7 per cent compared to the 576 sales in January 2013, and an increase of 14.6 percent compared to the 657 sales in January 2012. The benchmark price of an apartment property increased 3.7 percent from January 2013 to $371,500.
 
Attached property sales in January 2014 totalled 279, an increase of 19.7 percent compared to the 233 sales in January 2013, and a 6.9 percent increase from the 261 attached properties sold in January 2012. The benchmark price of an attached unit increased 1.7 percent between January 2013 and 2014 to $457,700.

 

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Jeff Benna

 


 

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