|
Tuesday, 26 September 2006 |
Sep 12, 2006
B.C.'s new-home buyers take double blow with high prices and six-percent GST
The high price of new houses in British Columbia means buyers are out of pocket in two ways: First, because of the high prices themselves; second because almost all now have to pay the six-per-cent goods and services tax.
GST is payable on the purchase of a new home, but a rebate kicks in for houses under $450,000. The size of the rebate depends on the price of the house, with homebuyers entitled to a 36-per-cent refund if the house costs less than $350,000. Once the $350,000 threshold is reached, the amount of the rebate dwindles to zero as the price nears $450,000.
The aim of the GST rebate program was to help middle- and low-income purchasers in every region of the country, said David Gamble, spokesman with the federal finance department.
|
|
Read more...
|
|
|
Wednesday, 20 September 2006 |
Sep 8, 2006
Home building declines the most in BC
B.C. saw the biggest decline in the value of residential building permits of any province in Canada from June to July, Statistics Canada reported Thursday.
The 9.6-per-cent drop, to $579 million from June's $640.5 million, was the third decline over the past four months, the federal numbers cruncher said.
But the value of home-building permits issued from January to July is up 14.4 per cent compared to the same period last year, from $3.7 billion to $4.2 billion.
And the value of non-residential permits continued to climb, increasing by 11 per cent in B.C. from June ($283.9 million) to July ($315.1 million) and by 11.1 per cent in the January-to-July period compared to the first seven months of 2005.
|
|
Read more...
|
|
|
Tuesday, 12 September 2006 |
|
Vancouver, B.C. Sept 5, 2006 - Strong consumer demand continues to be the key characteristic of the August housing market, with high sales and listings being posted throughout the Greater Vancouver area. The Real Estate Board of Greater Vancouver (REBGV) reports that total residential sales for detached, attached and apartment properties reached 2,998 units in August 2006, a decrease of 17.8 per cent when compared to the 3,649 units sold in August 2005 and an increase of 20.5 per cent when compared to the 2,487 units sold in August 2004. "Although the summer months are typically a slow period for our market, the August residential housing market was the third strongest on record," says REBGV president Rick Valouche. "We aren't seeing signs of a significant housing market slow down anytime soon. |
|
Read more...
|
|
|
|
<< Start < Prev 1 2 3 4 5 6 7 8 9 Next > End >>
|
| Results 25 - 28 of 33 |
