Articles | Page 4 of 10

Taxes

Real Estate and GST

"You don't pay taxes—they take taxes." - Chris Rock. Home prices continue to push higher, despite a foreign buyers tax, empty homes tax, speculation tax, mortgage stress test, and record new home completions. While complex in nature, the implications of not understanding the different taxes can be costly.

Adam Naamani
March 17, 2022

bank of canada interest rate increase 2022

Finance

Bank of Canada Increases Interest Rate

The Bank of Canada today increased its target for the overnight rate to ½ %, with the Bank Rate at ¾ % and the deposit rate at ½ %. The unprovoked invasion of Ukraine by Russia is a major new source of uncertainty.…

Adam Naamani
March 2, 2022

Real Estate

A Better Way Home?

The British Columbia Real Estate Association (BCREA) announced their “whitepaper“, outlining proposed solutions to address the housing crisis both in the province and across the country. BCREA is recommending a “pre-offer period” where offers cannot be presented to a seller…

Adam Naamani
February 28, 2022

East Vancouver Heights Real Estate Lots for Sale

Land

Choice Residence Lot for ONLY $125!

Crazy to even hear those words in this day and age. Particularly when home prices are up 18.5%, and 44% of all properties sold above the asking price in January. 70%+ in the suburbs. Those same properties in Vancouver Heights…

Adam Naamani
February 24, 2022

New Construction

Alpine by Beedie

Surrounded by lush forest, Alpine is ten contemporary single-family homes in the Uplands community of the prestigious British Properties. Elevated multi-level private sanctuaries feature light-filled interiors and spacious terraces to take in stunning south-facing views of the ocean, city skyline and beyond. Alpine is an exclusive opportunity to live in design-driven two and three-storey residences conceived by award-winning architects BattersbyHowat. Surrounded by nature yet close to top schools, exceptional shopping and world-class recreation, Alpine is the peak of modern mountainside living.

Adam Naamani
January 20, 2022

New Year

2022

The barge is still chillin’, yet the real estate market hasn’t let up—as the Real Estate Board of Greater Vancouver reported last year’s sales as record-breaking. Home buying activity, albeit through a pandemic, has been resilient and remained a top priority for residents in the second year of nobody knows what’s going on.

Adam Naamani
January 6, 2022

Holidays

Happy Holidays

In trying to make sense of current events, I tend to defer to stoic philosophy. Never has it been more important to focus only on what you can control. That has served me and everyone I've had the privilege of working with this year in spades. There is much to look forward to in 2022, and I hope it is a year in which you thrive. From my family to yours, have a very Merry Christmas and Happy New Year!

Adam Naamani
December 23, 2021

Real Estate

Investor Boom

A revealing report by Teranet suggests that investors now make up 25% of Ontario homebuyers. The number of mortgages taken out by investors doubled in the last year, as per the Central Bank. The "extrapolative" demand is being attributed to the expectation that prices will keep rising, a.k.a. Fear of Missing Out (FOMO).

Adam Naamani
November 25, 2021

Real Estate

Cooling Off

The BC Financial Services Authority (BCFSA) intends to introduce a mandatory "cooling off" period for real estate services in 2022. The first Canadian jurisdiction to enact legislation for all residential real estate sales.

Adam Naamani
November 18, 2021

NFTs for Real Estate

NFTs have been taking the world by storm, giving more power to content creators than ever before. NFTs use Blockchain technology to establish a verified and public proof of ownership—a way to represent anything unique as an Ethereum based asset. Naturally, this technology could solve many inefficiencies in real estate transactions, and ultimately provide more transparency.

Adam Naamani
October 28, 2021

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