December 2020

BC's Land Owner Transparency Registry now in force: what you need to know

Posted on Dec 17, 2020 in Buying Your Home



BC's new Land Owner Transparency Act (LOTA) came into force on November 30, 2020.

For transactions set to close on November 30 or later, when the title change is registered in the land titles office, the transferee must file a transparency declaration disclosing interest holders.

This declaration records indirect ownership of interests in land such a...

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Vancouver’s Empty Homes Tax increases to three per cent

Posted on Dec 16, 2020 in Selling Your Home



Vancouver's Mayor Kennedy Stewart has tripled the Empty Homes Tax (EHT) rate to three per cent from the original rate of one per cent when the tax was introduced in 2017.

In 2019 the rate increased to 1.25 per cent. The new rate takes effect in 2021.

The increase is supported by new data released by the Canada Mortgage Housing Corporation (CMHC) whic...

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Housing Market Update for November 2020 (Video)

Posted on Dec 14, 2020 in Vancouver Market Videos


Whether you are looking to buy, sell or learn more about the market changes, call / text me on (604) 781-5692 or send an email to tim@timwray.ca to get the answers you need.

My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.

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BC Housing Market Posts Strongest November on Record

Posted on Dec 14, 2020 in BC Real Estate Update



The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019. The average MLS® residential price in BC set a record of $816,074, a 9.3 per cent increase from $746,310 recorded the previ...

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SnapStats Market Update Video - November 2020

Posted on Dec 04, 2020 in SnapStats Videos


Whether you are looking to buy, sell or learn more about the market changes, call / text me on (604) 781-5692 or send an email to tim@timwray.ca to get the answers you need.

My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.

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