For buyers looking at attached properties, only the West Vancouver and Downtown areas fall within the balanced market range, while all other areas are considered to be sellers' markets. Notably, the Ladner area has a particularly high seller's market percentage of 56%.

This is a significant deviation from the situation in January, when four communities in the Metro Vancouver area were buyers' markets ten were balanced, and four were sellers'.

As for detached properties, seven areas are currently sellers' markets, while the rest are balanced, with the exception of West Vancouver, which is a buyers' market.


From January to February all communities in the Fraser Valley showed increases in sellers market territory. Cloverdale in particular had a selling rate of 56% 
Compare that to the December to January stats, where Abbotsford was the only community that did not see a significate decrease in the home selling rate for attached properties.
Overall, these fluctuations in the Real Estate market from area to area and month to month, demonstrate the importance of staying up-to-date on market trends and statistics to make informed decisions when buying or selling a property.

As my Dad used to say "the devil is in the details" is especially true when it comes to Property Taxes.
"First Time Home Buyers (PPT) Property Purchase Tax Exemption is a prime example, to qualify you must meet the criteria;
be a Canadian citizen or permanent resident
  • have lived in BC for 12 consequtive monthe before the date the property is registered, or
  • have filed 2 income tax returns as a BC resident in the last 6 years;
  • have never owneed an interest in a principal residence anywhere, anytime; and have never received a firt-time homw buyers' exemption or refund.
The property must be used a principal residence and have a fair market balue of $500,000 or less and be 0.5 hectares (1.24 acres) or smaller. There is a partial emeption for properties $500,000 - 525,000.
Newly Built Homes Exemption

There is a newly built home exemption for buyers of new home with a fair market value $750,000 and a partial exemption for newly built homes $800,000 homes include a house constructed on vacant land new apartment in a newly built condominium building a manufactured home on vacant land or other usually built homes to keep the exemption there occupancy requirements during the first year of the owner must move into the home within 92 days of the date the property is registered with the land LTS eighth and continue to live there as a principal residence for the remainder of the first year to apply for the newly built from exemption enter exemption code 49 on the special property transfer tax return when the property is registered at the LTSA title.

Foreign Buyers PTT Exemption

Foreign nationals with work permits coming through the BC provincial nominee program exempt from the additional 20% property transfer tax when they buy a home vacant land exemption if you register to vacant lot and pay the tax you may apply for a refund if you have built a new home on the land worth 750,000 less moved into a home as a principal residence within one year of registering the property and meet the qualifications for the newly built home exemption are there PGT exemptions include transfer of a principal residence transfer of a recreational residence transfer resulting from a marriage breakdown transfer of the family farm involving individuals transfer of a family farm to or from a family farm corporation there are also exemptions for title transfers involving joint tenants and tenants in common and agreement for sale bankruptcy and transfers to register charities
For those who do not qualify for exemptions the PTT is charged on the fair market value of a property at the rate of 1% on the first $200,000;
2% on the balance up to and including $2,000,000; and
3% on the balance greater than $2,000,000; and
if the property is residential a further 2% on the portion greater than $3,000,000 "
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