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February Housing Starts in Metro Vancouver

March 8th, 2012


February Housing Starts in Metro Vancouver

VANCOUVER, March 8, 2012 - Canada Mortgage and Housing Corporation (CMHC) reports 1,870 housing starts in February 2012 in the Vancouver Census Metropolitan Area (CMA), compared to 1,414 starts the same month a year ago. Strength in multiple-family construction accounted for the majority of housing starts.

"Nearly 90 per ce ...

Bathroom Tiles Color = Sales Killer?

February 17th, 2012

Market Ready

Q. The tile in my bathroom is in good shape, but it’s brightly colored and may not appeal to everyone. Should I replace it before selling?

A. Although real estate agents and designers often recommend decorating with neutral colors to make a home more appealing to a buyer, it may not make sense to replace your tile if it ...

Upgrading a Small Refrigerator to a Full Size Unit

February 17th, 2012

Market Ready


Q. I have a small under-counter refrigerator in my kitchen. Is it worth the investment to replace it with a full-size unit?

A. If you’re marketing your place toward supermodels, a tiny refrigerator is fine. Otherwise, compared with a full-size unit, a small under-counter fridge “is always a negative,” even in the tinies ...

Making a Porch Appealing to Buyers

February 17th, 2012

Market Ready

Q. How can I make my front porch more appealing to buyers?


A. It’s worth putting some extra effort into sprucing up the front porch, because potential buyers spend a lot of time there, chatting with real estate agents and waiting to get into the house during showings, says Cindy Shea, a vice president with Sotheb ...

What to Do with Those Family Photos

February 17th, 2012

Market Ready

Q. Should I remove the family photos hanging on my wall before listing my apartment?


A. Clearing out family photos “should be the very first thing you do when you prepare an apartment for sale,” said Elizabeth Kee, an associate broker with the New York real estate company Core.

It’s important “to depersonali ...

Reupholstering a Built-in Banquette

February 17th, 2012

Market Ready

Q. I have a built-in banquette in my kitchen. Should I reupholster it before trying to sell my home?


A. If you have a kitchen banquette that’s covered with stained or worn fabric, it may be a good idea to reupholster it before opening your home to potential buyers.

“Oftentimes banquettes have a lot of f ...

Upgrading a Home before a Sale

February 17th, 2012

Originally Published in New York Times on January 18, 2012:

Q. I’ve inherited a rundown home. Is it better to sell as is or invest in repairs and upgrades?


A. If the home has serious problems or damage, like a water leak, mold or severely peeling paint, it should be repaired before you list the property, says Elayne Roskin, a senior vice president and managing director at Brown Harris ...

BC Government Announces New HST/PST Housing Transitional Rules

February 17th, 2012

Government announces new HST/PST housing transitional rules

The government today announced the HST/PST transitional rules on new homes.

As the province transitions back to the PST, which will replace the HST effective April 1, 2013, measures to ease the HST burden on new home buyers include:

  • The BC New Housing Rebate threshold will increase to $850,000 from $525,000, so that more ...

Not Much Natural Light - Tips to Make Your Place Look Brighter

January 9th, 2012
January 4, 2012

Market Ready

Q. My apartment doesn’t get much natural light. What can I do to improve the way it looks to buyers?


A. “You can’t create exposures or more natural light, but you can enhance the natural light you get,” said Leonard Steinberg, a managing director at Prudential Douglas Elliman. The objective, he said, is to “show how you can live in tha ...

Balanced Real Estate Market Prevailed through much of 2011

January 9th, 2012
News Release
For more information please contact:
Craig Munn, Assistant Manager, Communications
Real Estate Board of Greater Vancouver
Phone: (604) 730-3146  Fax: (604) 730-3102
E-mail: also available at 
The real estate industry is a key economic driver in British Columbia. In 2010, 30,595 homes changed ownership in the B ...
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