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Victoria & Vancouver Island Real Estate Blog

Hi, Our market picked up some in February and with both sales and prices being down and more listings available to choose from, there are some excellent buying opportunities. For the latest Victoria Real Estate market information and other helpful information for home buyers, sellers and renters click here to view The Neal Report. I'm in Las Vegas this week for our RE/MAX International conference getting inspired and making excellent contacts with the best in the business from the 85 countries we come from around the globe. I have been presented with the highest sales recognition award given by RE/MAX, the Circle of Legends, which has made me feel like a bit of a celebrity. When RE/MAX have clients considering a move to our part of the world, we get the

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THE B.C. FIRST-TIME NEW HOME BUYERS' BONUS Requirements to Qualify for the Bonus ELIGIBLE FIRST-TIME NEW HOME BUYER You will qualify as a first-time new home buyer if: You purchase or build an eligible new home located in B.C.; You, or for couples, you and your spouse or common law partner, have never previously owned a primary residence; You file a 2011 B.C. resident personal income tax return, or if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal income tax return (you will not be eligible for the bonus if you move to B.C. after December 31, 2012); You are eligible for the B.C. HST New Housing Rebate; and You intend to live in the home as your primary residence. ELIGIBLE NEW HOME An eligible new home includes new homes…
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HST Threshold being raised to $850,000 effective April 1, 2012 Government announces the transition rules for the HST early The Honourable Kevin Falcon, Minister of Finance, held a press conference today in Victoria to announce transition rules for the harmonized sales tax and the affect it will have on the home building industry. Effective April 1, 2012, the threshold for new housing rebates will be increased from $525,000 to $850,000. Furthermore, this rebate will not be available for secondary homes (outside the Metro Vancouver and Capital Regional District). The Victoria Real Estate Board was present for a pre-briefing with Minister Kevin Falcon, along with other key stakeholders from BC’s housing sector in the province. Be reminded that if your

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VICTORIA, BC - While the average price for a single family home in Greater Victoria softened slightly (3.62%) in January 2012 when compared to January 2011, sales over the same period have increased by 9.4%. "These numbers definitely match what we have been hearing from our Members," says Carol Crabb, President of the Victoria Real Estate Board. "Showings have increased, sales are slowly increasing and there is a sense of optimism among area REALTORS®. "Buyers are still price sensitive and very aware of the market values of homes. Sellers need to be aware that average prices trending up or down may not apply to their market area. They should consult with REALTORS® regarding prices in their own neighbourhood communities." The number of active listings

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Here at the Neal Estate Team we love to participate in charitable evens. This week we have been busy preparing our entry for Bear Wear 2011. Bear Wear benefits the Queen Alexandra Foundation For Children, and each year the profits go to a different program. From the Queen Alexandra Website:

All of the funds raised at this year's event will support the Queen Alexandra School Age Program.  When children enter the school system they often need a range of supports to help them achieve their full potential. The therapists in this program work with the students, education assistants and teachers to develop strategies for success.  Last year, 1868 children were helped.

Participants purchase a bear to dress with creative clothing and props. The bears are then

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Hi , Real estate sales activity showed a modest increase throughout Greater Victoria last month with a total of 483 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), up from 458 sales in September. There were 467 sales in October of last year. The average price for single-family homes sold in Greater Victoria last month was $595,836, down from $622,393 in September. For more details click here for The Neal Report, a link to our latest "Real Estate Update" with the latest Victoria Real Estate market information and other helpful information for home buyers, sellers and renters. You may already have visited our Victoria Luxury Homes website, along with the thousands of others who have. It has been

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Hi , Real estate sales activity softened throughout Greater Victoria last month with a total of 458 homes and other properties selling through the Victoria Real Estate Board’s Multiple Listing Service® (MLS®), down from 542 sales in August. Sales last month were, however, 16 per cent higher than the 395 sales in September of last year. The number of properties available for sale held steady with a slight decline last month to 4,940 compared to 4,944 at the end of August. Click here for The Neal Report, a link to our latest "Real Estate Update" with the latest Victoria Real Estate market information and other helpful information for home buyers, sellers and renters.

In November I will be returning to Poland to play with our RE/MAX Hockey Team. Please

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Hi , The Summer flew by with some wonderful family time including a road trip to California with just my oldest son, some lake time and golf with RE/MAX Colleagues too. The kids are now back to school and we are starting to get back into our extracurricular activities. Real estate sales activity picked up throughout Greater Victoria last month compared to this time last year with possible signs of more stability in the market although inventory levels are currently 13% higher than a year ago and prices have come down, in some cases significantly. Here is a link to our latest "Real Estate Update" with the latest Victoria Real Estate market information and other helpful information for home buyers, sellers and renters. Click here for: The Neal Report At

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Hi , Canuck fever has hit the city and real estate sales have remained steady in May with 572 sales this month compared to 574 last month and still down from 695 in May 2010. The number of properties available for sale also continues to increase now at 4,857 listings at the end of May, up from 4,561 at the end of April and 4,521 at the end of May last year. With lots of selection and still low rates it's a great time to buy or move up in our market. Here is a link to our latest "Real Estate Update" with the latest Victoria Real Estate market information and other helpful information for home buyers, sellers and renters. Click here for: The Neal Report For more detailed info on the latest market trends, FREE specific Highest Sale Price Estimates for your

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Hi , Sales slowed further in April compared to March and April of last year too. Well priced properties are selling and buyers have more selection than we've had in years together with still very low interest rates. To view our latest "Real Estate Update" with the latest Victoria Real Estate market information and other helpful information for home buyers, sellers and renters check The Neal Report. You can also find regular market updates, our latest listings, open houses, real estate tips, prize giveaways and our community events on Facebook and if you haven't yet, please check out our new Online Listing Presentation. Our Annual Easter Egg Hunt was attended by hundreds of happy hunters under beautiful sunny skies and more than $3,000 was raised for BC

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