Current Relevant Market Updates
Keeping our Customers Informed

Jul 14, 2010
Calgary Herald Article featuring Interview with Anna Jorgensen on Buying Recreational / Investment Properties in the Comox Valley

Despite a slower investment and recreational market the Comox Valley is still one of the best lifestyle destinations to visit and live!http://www.annajorgensen.com/pdf/RecreationInvestmentProperties-CoverStory.pdfAnna JCoast Realty Group Ltd.http://www.facebook.com/AnnaJorgensenRealEstateTeam... [read more]

Source: Calgary Herald Recreation and Investment Properties - Rob Petkau

Jul 05, 2010
Vancouver Island Real Estate Board 2009 Buyer Profile

2009 Buyer Profile Release The 2009 Buyer Profile was released on June 28, 2010, tracking where people are coming from, what they’re buying and why. The Buyer Profile also shows the home characteristics from the MLS® database with the highest frequency. The most popular was a single-family detached unit (representing 62% of all sales,) with 3 bedrooms, 2 bathrooms, a double garage and a vinyl exterior with ocean or mountain views.Statistics provided are for the overall Board area, and for... [read more]

Source: VIREB

Jun 18, 2010
Why buy real estate in the Comox Valley NOW? Mortgage Rates Increasing!

Quick answer:Interest rates are predicted to go up by 1-1.5*% by the end of the year. What this means is that at the higher prediction a $250,000 mortgage will be an extra $200/month in payments - conversely, the same payment you would have now (before rates increase) would only get you a $210,000 mortgage.To simplify further: Either your borrowing power is reduced by $40,000 or if you still want to buy in the same price range it costs you an... [read more]

Source: Anna J. Team Leader/REALTOR Coast Realty Group CV Ltd.

Jun 08, 2010
Reality of the Real Estate Stats of Greater Vancouver

June 4, 2010REBGV Stats May market offers buyers greater selection The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline of 10.4 per cent compared to the 3,524 sales in May 2009; 5.1 per cent more than the 3,002 sales in May 2008; and 27.1... [read more]

Source: REBGV

May 26, 2010
HST in BC - Affects of New Tax on Real Estate in the Comox Valley

HST in British Columbia On July 1st 2010 the Provincial Sales Tax in BC is being replaced and harmonized with the GST to create a single 12% tax. The new HST will have impact to those people who are building or purchasing a newly constructed homes or substantially renovated homes, but will not impact those who are purchasing resale homes. Purchasers of newly built homes will be eligible to apply for additional rebates up to a maximum of $26,250... [read more]

Source: John Hudey RBC Royal Bank and Anna Jorgensen Coast Realty Group Ltd.