Current Relevant Market Updates
Keeping our Customers Informed

Nov 08, 2011
Comox Valley Real Estate Market Update - Buyer's or Seller's Market? Read on to find out!

The long and skinny of it: tight market.Our team are some of the busiest in the office, but we're not that busy. The market has slowed in the last month. There have been quite a few new listings come on the market in October and fewer sales. The highest list to sell ratio (60%) are for residential sales under $300,000 - not many of those around. It drops off thereafter: $300-$500K: 51.5%; over $500k 31% and lower as you go... [read more]

Oct 25, 2011
Bank of Canada Interest Rate Announcement - All Steady on Deck!

Anna J summation relevant to the Comox Valley real estate housing market:With a less than 50 list to sell ratio, this interest rate hold allows real estate activity to slumber along without going into a coma. It's still a buyers' market even though there has been a reduction in new inventory. Personal note: there are buyers looking (and buying) so even though it's their market, with less inventory (generally) sellers have a better chance of selling. How long's it going... [read more]

Oct 01, 2011
Canadian home affordability drops, Vancouver market plays role.

Housing in Canada became less affordable in the second quarter of 2011, with Vancouver's high-priced real estate market playing a major role in this decline, according to the latest Housing Trends and Affordability report released by RBC® Economics research on August 21st. Continued gains in home prices and a slight increase in mortgage rates hurt housing affordability during the quarter, though not enough to cause undue strain in the majority markets across the country. Owning a home is more expensive... [read more]

Oct 01, 2011
HST on New Construction and New Homes in the Comox Valley

Whether for it or against it, here's what HST boils down to for buyers and sellers in the Comox Valley! *** "HST or harmonized sales tax is made up of the federal GST and the provincial PST. HST is only payable on NEW housing or substantially renovated housing. The GST portion of the HST is no different than what it was previously. It is charged at 5% of the sale price with a 36% rebate if the home... [read more]

Sep 08, 2011
Thinking of Selling Your Courtenay / Comox Valley home?

The Anna Jorgensen Team is short on listings of single family homes between $200,000 and $450,000. If you or someone you know has been thinking of selling your home in Courtenay or Comox please let us know or pass this link along!We've also created a new web page as an extra service for our buyers specifically targeted at home owners thinking of selling. If we can't find the right home or property for our buyer client that's already listed,... [read more]