December Home Sales Second Highest on Record 2009 – In Like a Lamb, Out Like a Lion Vancouver, BC – January 12, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 132 per cent to 5,703 units in December compared to the same month last year. More homes were sold last month than in any December on record except 1989 when 6,014 units were sold. “2009 came in like a lamb and went ou ... Full Article...

REALTORS®, your clients have until January 31, 2010 to complete home improvements to qualify for the one-time, federal government home renovation tax credit. Home owners can claim a 15 per cent tax credit on eligible expenses of at least $1,000 and not more than $10,000 spent between January 28, 2009 and January 31, 2010. The maximum deduction home owners can claim is $1,350 on their 2009 tax return. Eligible expenses include: renovating a kitchen, bathroom or basement; Windows and doors; ne ... Full Article...

Tuesday, January 5, 2010 VANCOUVER – After beginning the year at near record low sales levels, buyers’ confidence in the Greater Vancouver housing market quickly returned, allowing for significant and sustained increases in the number of residential property sales for much of 2009. The Real Estate Board of Greater Vancouver (REBGV) reports that total unit sales of detached, attached and apartment properties in 2009 reached 35,669, a 44.8 per cent increase from the 24,626 unit sal ... Full Article...