How flexible is your investment plan? In the days leading up to the federal budget there was speculation that the capital gains exemption would be reduced. While there were no changes in this budget, could the speculation be telegraphing a change in the future? Have you considered how your investment strategy would be affected by a tax change? Don’t forget to consult your tax and investment professionals to find out how much risk a change represents to you.
Meanwhile, the condo market continues to be extremely hot in the lower priced two bedroom and one bedroom units, partially due to the low amounts of inventory. Starter home prices are also starting to increase after a period of slow activity and low inventory.
The March numbers were:
|
|
2 Bedroom |
1 Bedroom |
||||||
|
|
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
#Active |
/sq.ft. |
#Sold |
/sq.ft. |
|
Woodwards |
3 |
$1,356 |
2 |
$967 |
6 |
$977 |
1 |
$950 |
|
Downtown |
295 |
$1,299 |
91 |
$1,073 |
268 |
$1,031 |
107 |
$979 |
|
Coal Harbour |
45 |
$1,755 |
7 |
$1,480 |
17 |
$1,260 |
7 |
$1,170 |
I would be happy to discuss your long and short term real estate strategies with you. Call or email me today!
Regards,
Kim
E&OE
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.
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