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February 2015

Found 3 blog entries for February 2015.

Last month 1,027 new listings were listed on MLS, down slightly from 1,090 in January 2014. In the same period 351 properties were sold, up marginally from 342 in January of last year. As predicted, the overall number of listings available for sale increased to 3,283 at the end of January, but remains down from 3,489 at the end of January 2014. All in all this equates to an overall 10 month supply which is a relatively balanced market. There are exceptions and emerging trends with higher demand in some areas, price ranges and property types tipping towards more of a seller’s market. Together with lower interest rates, higher US dollar, lower oil prices and increasing demand from immigrant buyers and investors indications are that we’re in for stability and…
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Snowbirds – Is it okay for Canadians to stay in USA 120 days annually, or is the limit 6 months less a day?  While it may be okay to spend 6 months less a day south of the border in the USA, be careful about the impact that may have on your tax liability. In a recent article which appeared on CBC News' British Columbia website, it was suggested that Canadian citizens are only allowed to spend 120 days in the United States each year. For clarification purposes, the Canadian Snowbird Association reminded travelers to the U.S. that this information is incorrect. Under current policy, eligible Canadian citizens may spend up to six months less a day, in the United States, in any 12 month period. From a tax perspective, long-term visitors who typically spend…
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Snowbirds –  Is it okay for Canadians to stay in USA 120 days annually, or is the limit 6 months less a day?   While it may be okay to spend 6 months less a day south of the border in the USA, be careful about the impact that may have on your tax liability.   In a recent article which appeared on CBC News' British Columbia website, it was suggested that Canadian citizens are only allowed to spend 120 days in the United States each year. For clarification purposes, the Canadian Snowbird Association reminded travelers to the U.S. that this information is incorrect.   Under current policy, eligible Canadian citizens may spend up to six months less a day, in the United States, in any 12 month period. From a tax perspective, long-term visitors who typically

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