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Open House.

Please visit our Open House at 102 1445 70 AVE W in Vancouver. See details here

Rarely available one bedroom plus den (578 sqft) corner unit on the ground level. This condo has updated laminate flooring and a gas fireplace. You will really enjoy the spacious patio which faces French Street and is at the rear of the building (no BBQs allowed). Two small pets are allowed and the shared laundry is located steps away on the main floor. Shopping, transit are a half block away and you will have one parking space in the underground parking area. Tenant occupied on a month to month basis.

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I have sold a property at 340 10838 City Parkway in Surrey

I have sold a property at 340 10838 City Parkway in Surrey on Jul 3, 2024. See details here

Spacious 1 bed/1 bath condo with a private southeast facing balcony. The large well lit kitchen has plenty of counter space and cabinets. Other features include: insuite laundry, electric fireplace, 1 parking spot as well as a separate storage locker. The Access complex is steps away to: Gateway Skytrain station, Nester's Market & Shoppers Drug Mart. Currently it's occupied by a tenant (month to month) and the pictures were taken before the tenant moved in. First showings will be open house on March 23/24 (2-4pm).

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I have sold a property at 215 4977 Springs BLVD in Delta

I have sold a property at 215 4977 Springs BLVD in Delta on Jul 3, 2024. See details here

Brand new unit in the latest building at popular Tsawwassen Springs! Resort style golf course living! 2 bedroom, 2 bathroom, 1,022 sq.ft. plan featuring luxurious appointments throughout incl engineered flooring, granite countertops, modern kitchen w SS appliances & soft close cabinets and geothermal heating & air conditioning (included in the strata fees). 2 PARKING SPACES. Bright and sunny south exposure. Extra large king-size master bedroom with ensuite, closet organizers throughout and a large in-suite storage room. Fantastic location including Golf Course, Tsawwassen Commons and Mills malls, Pat Quinn's restaurant, Newmans Fine Foods, Nats Coffee house and more!

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BC Government Website Full Information: https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/exemptions/first-time-home-buyers/current-amount#current-exempt

What determines your exemption amount

If you qualify for the first time home buyers' exemption, the amount of property transfer tax you pay depends on:

  1. The fair market value of the property

  2. The percentage of the property transfer eligible for the exemption

  3. The size of the property

  4. Whether there are any non-residential improvements on the property

  5. When the the property was registered

The exemption amount is deducted from the amount of tax you would normally pay.

Property size smaller than 0.5 hectares

If your property size is smaller than 0.5 hectares, the following information applies.

Note: If the property transfer is larger than 0.5 hectares then the fair market value of your property that is eligible for exemption will change. In this case, your exemption amount may also change.

Exemption amount when 100% of the property transfer is eligible

When 100% of the property transfer is eligible, the exemption amount is determined by the fair market value of your property. If the fair market value of the property is:

  • $500,000 or less, you can claim an exemption amount equal to the full amount of property transfer tax

  • Over $500,000 but no more than $835,000, the exemption amount is $8,000

  • Over $835,000 and under $860,000 then the exemption amount is proportionally reduced

You can use the property transfer tax calculator to estimate the property transfer tax before exemption based on the fair market value of your property.

Below is the amount of tax payable if 100% of the property transfer is eligible for the first time home buyers’ exemption.

Exemption amounts
Fair market value
Property transfer tax amount
Exemption amount
Property transfer tax payable
Under $500,000 See property transfer tax calculator The same amount as property transfer tax before exemption -
$500,000 $8,000 $8,000 -
$550,000 $9,000 $8,000 $1,000
$600,000 $10,000 $8,000 $2,000
$650,000 $11,000 $8,000 $3,000
$700,000 $12,000 $8,000 $4,000
$750,000 $13,000 $8,000 $5,000
$800,000 $14,000 $8,000 $6,000
$835,000 $14,700 $8,000 $6,700
$836,000 $14,720 $7,680 $7,040
$837,000 $14,740 $7,360 $7,380
$838,000 $14,760 $7,040 $7,720
$839,000 $14,780 $6,720 $8,060
$840,000 $14,800 $6,400 $8,400
$841,000 $14,820 $6,080 $8,740
$842,000 $14,840 $5,760 $9,080
$843,000 $14,860 $5,440 $9,420
$844,000 $14,880 $5,120 $9,760
$845,000 $14,900 $4,800 $10,100
$846,000 $14,920 $4,480 $10,440
$847,000 $14,940 $4,160 $10,780
$848,000 $14,960 $3,840 $ 11,120
$849,000 $ 14,980 $ 3,520 $ 11,460
$850,000 $ 15,000 $ 3,200 $ 11,800
$851,000 $ 15,020 $ 2,880 $ 12,140
$852,000 $ 15,040 $ 2,560 $ 12,480
$853,000 $ 15,060 $ 2,240 $ 12,820
$854,000 $ 15,080 $ 1,920 $ 13,160
$855,000 $ 15,100 $ 1,600 $ 13,500
$856,000 $ 15,120 $ 1,280 $ 13,840
$857,000 $ 15,140 $ 960 $ 14,180
$858,000 $ 15,160 $ 640 $ 14,520
$859,000 $ 15,180 $ 320 $ 14,860
$860,000 $ 15,200 - $ 15,200

Exemption amount when only part of the property transfer is eligible

If only part of the property transfer is eligible (for example, not all of the purchasers qualify), the exemption amount will be reduced. The exemption amount will be based off the percentage of the property transfer that is eligible.

For example, you and your spouse purchase an $835,000 home as joint tenants, but only you are eligible for the first time home buyers’ exemption (your spouse is not eligible). The net property transfer tax payable is calculated as follows:

Property transfer tax before exemption (see table above)

Exemption amount available (see table above) X 50% (because only 50% of the owners are eligible) = $8,000 X 50%

Net property transfer tax payable

14,700
 

$4,000

 

$10,700

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BC Government website for complete info: https://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/defer-taxes#chapter-contact

Eligibility

The Tax Deferment program is a low interest loan program available to eligible B.C. homeowners. It allows you to defer your current year property taxes.

Note: You must apply each year to continue with the program.

You can apply online through eTaxBC to renew the deferment of your property taxes or you can renew your application by selecting the automatic renewal process. If you choose not to renew each year, you must pay your property taxes to your rural or municipal tax office. You must do this before the property tax due date for the year that you have not applied for renewal. 

You may be able to defer your property taxes if you qualify for one of the following property tax deferment programs:

  • Regular Program

  • Families with Children Program

Regular Program

To apply for the Regular Program you must be one of the of the following: 

  • 55 or older during the current year

  • A surviving spouse of any age

  • A person with disabilities

For the Regular program you must meet the applicant, property and equity qualifications.

Applicant qualifications

To qualify for this program, you must:

You must also be either:

  • Aged 55 or older this calendar year (only one registered owner must be 55 or older any time during the current calendar year)

  • A surviving spouse of any age who isn't currently the spouse of another person

  • Designated as a person with disabilities under the Employment and Assistance for Persons with Disabilities Act

  • A person with disabilities and, in the opinion of a physician, your severe mental or physical impairment:

    • Is likely to continue for at least two years

    • Directly and significantly restricts your ability to perform daily living activities, either continuously or periodically for extended periods, and

    • As a result of those restrictions, requires you to have an assistive device, the significant help or supervision of another person, or the services of an assistance animal to perform those activities

  •  

Property qualifications

To qualify for this program, your property must:

  • Be your principal residence (where you live and conduct your daily activities)

  • Be taxed as residential (class 1) or residential and farm (class 1 and 9)

Families with Children Program

To apply for the Families with Children Program you must be one of the following:

  • A parent

  • A stepparent, or

  • Are financially supporting a child

For the Families with Children program you must meet applicant, property and equity qualifications. 

Expand AllCollapse All

 

Applicant qualifications

 

Property qualifications

To qualify for this program, your property must:

  • Be your principal residence (where you live and conduct your daily activities)

  • Be taxed as residential (class 1) or residential and farm (class 1 and 9)

 

Equity requirements

You must have and maintain a minimum equity of 15% of the property's assessed value. This means that all charges registered against your property plus the amount of taxes you want to defer can’t be more than 85% of the BC Assessment value of your property in the year you apply.

If you have a secured debt on your property, such as a mortgage or a line of credit, contact your lender before you apply. You need to ensure your approval into the tax deferment program doesn't conflict with the terms of your loan. Some lenders may not allow you to enrol into the tax deferment program with the type of loan you have.

Find out how your equity is calculated.

Note: Even if you meet all the above criteria, you still might not be eligible for this program. See the other eligible criteria below for more information

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Detached home sales were down in May 2024 (19) when compared to the same month last year (36). Four homes sold above their asking price and one home sold at its asking price while the rest of the sales were all below their asking price. The highest priced home sold for $2,700,000 (Braid Road) and the lowest priced home sold for $1,140,000 (56th Street). On average it took 28 days on the market for these homes to sell (40 last month). As of today there are 115 active listings on the market compared to 111 listings at the end of May. The highest priced listing currently is $7,288,888 (1160 Boundary Bay Road) and the lowest priced listing is $899,000 (111 Graham Drive). The average list price is $2,073,245 (single family). 

% of Asking Price

May 2024 - 96.8%

May 2023 - 98.1%

May 2022 - 99.1%

May 2021 - 100.4% 

Average Sales Price

May 2024 - $1,668,368

May 2023 - $1,691,475

May 2022 - $1,977,722

May 2021 - $1,596,145 

For condominiums and townhouses, the number of sales were up for May 2024 (20) when compared to May 2023 (19). The highest priced condo/townhouse sold for $1,925,000 (Hunter Road) and the lowest priced sold for $450,000 (Rabbit Drive). The average sold price was $820,110. Currently there are 84 active listings for condos and townhouses in Tsawwassen (77 last month). The lowest priced listing is $434,190 (#119 2499 Rabbit Drive) and the highest priced listing is $1,980,000 (#115 6505 3rd Ave).  

Average Sales Price

May 2024 - $820,110

May 2023 - $685,800

May 2022 - $856,500

May 2021 - $673,548

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Detached home sales in Ladner were down for the month of May (16) when compared the same month last year (25). The highest priced single family home sold for $2,250,000 (Bentley Drive) and the lowest priced single family home sold for $1,205,000 (Cannery Place). Three sales were above their asking price and one home sold at its asking price while all the other sales were below their asking price. For the homes that sold last month the average days on market was 21 days (60 last month). Currently there are 63 single family home listings on the market compared to 64 at the end of May. As of today the highest priced listing is $4,200,000 (4227 West River Road) and the lowest priced listing is $99,999 (#28 3871 W River Road). The average list price is $1,563,683 (single family). 

% of Asking Price

May 2024 - 100.0%

May 2023 - 98.4%

May 2022 - 99.5%

May 2021 - 101.2%

Average Sales Price

May 2024 - $1,483,650

May 2023 - $1,436,811

May 2022 - $1,607,547

May 2021 - $1,596,577 

For condominiums and townhouses, the number of sales were up for May 2024 (17) when compared to May 2023 (11). The highest priced condo/townhouse sold for $1,448,000 (Admiral Way) and the lowest priced sold for $549,000 (54A Street). The average sold price was $978,405. Currently there are 50 active listings for condo / townhouses in Ladner compared to 19 last month. The highest priced listing currently is $2,188,000 (#45 5311 Admiral Way) and the lowest priced listing is $475,000 (#D306 4845 53rd Street). 

Average Sales Price

May 2024 - $978,405

May 2023 - $902,826

May 2022 - $925,725

May 2021 - $696,903

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Detached home sales were down in April 2024 (20) when compared to the same month last year (36). Three homes sold above their asking price and three homes sold at their asking price while the rest of the sales were all below their asking price. The highest priced home sold for $2,750,000 (52A Street) and the lowest priced home sold for $1,230,000 (3rd Ave). On average it took 40 days on the market for these homes to sell (32 last month). As of today there are 111 active listings on the market compared to 93 listings at the end of April. The highest priced listing currently is $7,288,888 (1160 Boundary Bay Road) and the lowest priced listing is $999,000 (111 Graham Drive). The average list price is $2,044,220 (single family). 

% of Asking Price

April 2024 - 97.3%

April 2023 - 98.5%

April 2022 - 101.6%

April 2021 - 99.9% 

Average Sales Price

April 2024 - $1,605,450

April 2023 - $1,595,313

April 2022 - $2,031,097

April 2021 - $1,573,384 

For condominiums and townhouses, the number of sales were down for April 2024 (10) when compared to April 2023 (14). The highest priced condo/townhouse sold for $1,525,000 (55th Street) and the lowest priced sold for $447,000 (Rabbit Drive). The average sold price was $830,988. Currently there are 58 active listings for condos and townhouses in Tsawwassen (77 last month). The lowest priced listing is $434,190 (#119 2499 Rabbit Drive) and the highest priced listing is $1,899,000 (#102 1212 Hunter Road).  

Average Sales Price

April 2024 - $830,988

April 2023 - $788,843

April 2022 - $740,566

April 2021 - $655,835

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Detached home sales in Ladner were down for the month of April (9) when compared the same month last year (26). The highest priced single family home sold for $2,080,000 (Crescent Drive) and the lowest priced single family home sold for $1,287,000 (Aurora Court). Three sales were above their asking price and one home sold at its asking price while all the other sales were below their asking price. For the homes that sold last month the average days on market was 60 days (30 last month). Currently there are 64 single family home listings on the market compared to 50 at the end of April. As of today the highest priced listing is $4,200,000 (4227 West River Road) and the lowest priced listing is $99,999 (#28 3871 W River Road). The average list price is $1,600,509 (single family). 

% of Asking Price

April 2024 - 96.7%

April 2023 - 101.4%

April 2022 - 99.1%

April 2021 - 104.2%

Average Sales Price

April 2024 - $1,625,655

April 2023 - $1,440,186

April 2022 - $1,853,300

April 2021 - $1,295,306 

For condominiums and townhouses, the number of sales were down for April 2024 (5) when compared to April 2023 (12). The highest priced condo/townhouse sold for $1,180,000 (West River Road) and the lowest priced sold for $535,500 (52A Street). The average sold price was $796,560. Currently there are 19 active listings for condo / townhouses in Ladner compared to 30 last month. The highest priced listing currently is $1,050,000 (#128 5535 Admiral Way) and the lowest priced listing is $489,000 (#D306 4845 53rd Street). 

Average Sales Price

April 2024 - $796,560

April 2023 - $880,400

April 2022 - $917,500

April 2021 - $758,375

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Detached home sales were down in March 2024 (12) when compared to the same month last year (24). Four homes sold above their asking price while the rest of the sales were all below their asking price. The highest priced home sold for $2,550,000 (Graham Drive) and the lowest priced home sold for $1,320,000 (56th Street). On average it took 32 days on the market for these homes to sell (55 last month). As of today there are 93 active listings on the market compared to 73 listings at the end of March. The highest priced listing currently is $5,555,000 (598 Tsawwassen Beach Road) and the lowest priced listing is $1,150,000 (866 56th Street). The average list price is $1,989,116 (single family). 

% of Asking Price

March 2024 - 97.6%

March 2023 - 94.7%

March 2022 - 104.9%

March 2021 - 99.8% 

Average Sales Price

March 2024 - $1,833,750

March 2023 - $1,473,347

March 2022 - $1,853,195

March 2021 - $1,579,352 

For condominiums and townhouses, the number of sales were down for March 2024 (20) when compared to March 2023 (16). The highest priced condo/townhouse sold for $1,079,900 (Market Ave) and the lowest priced sold for $408,500 (Starling Drive). The average sold price was $675,937. Currently there are 77 active listings for condos and townhouses in Tsawwassen (74 last month). The lowest priced listing is $435,900 (#410 1942 Starling Drive) and the highest priced listing is $1,549,000 (#211 6505 3rd Ave).  

Average Sales Price

March 2024 - $675,937

March 2023 - $709,539

March 2022 - $785,052

March 2021 - $682,987

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Detached home sales in Ladner were up for the month of March (21) when compared to the same month last year (15). The highest priced single family home sold for $2,805,000 (40th Street) and the lowest priced single family home sold for $1,200,000 (West River Road). Six sales were above their asking price while all the other sales were below their asking price. For the homes that sold last month the average days on market was 30 days (81 last month). Currently there are 50 single family home listings on the market compared to 56 at the end of March. As of today the highest priced listing is $7,680,000 (6520 68th Street) and the lowest priced listing is $99,999 (#28 3871 W River Road). The average list price is $1,781,665 (single family). 

% of Asking Price

March 2024 - 99.1%

March 2023 - 96.0%

March 2022 - 102.8%

March 2021 - 103.2%

Average Sales Price

March 2024 - $1,560,861

March 2023 - $1,351,000

March 2022 - $1,550,000

March 2021 - $1,280,000 

For condominiums and townhouses, the number of sales were down for March 2024 (16) when compared to March 2023 (20). The highest priced condo/townhouse sold for $1,888,000 (Admiral Way) and the lowest priced sold for $565,000 (53rd Street). The average sold price was $1,213,312. Currently there are 30 active listings for condo / townhouses in Ladner compared to 23 last month. The highest priced listing currently is $2,188,000 (#95 5311 Admiral Way) and the lowest priced listing is $489,000 (#D306 4845 53rd Street). 

Average Sales Price

March 2024 - $1,213,312

March 2023 - $920,486

March 2022 - $831,083

March 2021 - $816,765

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Detached home sales were up in February 2024 (13) when compared to the same month last year (10). One home sold at its asking price and three homes sold above their asking price while the rest of the sales were all below their asking price. The highest priced home sold for $3,925,000 (English Bluff Road) and the lowest priced home sold for $1,047,619 (50B Street). On average it took 55 days on the market for these homes to sell (51 last month). As of today there are 73 active listings on the market compared to 69 listings at the end of February. The highest priced listing currently is $4,250,000 (285 English Bluff Road) and the lowest priced listing is $915,000 (5241 Cambridge Court). The average list price is $1,948,337 (single family). 

% of Asking Price

February 2024 - 99.3%

February 2023 - 96.1%

February 2022 - 103.8%

February 2021 - 99.4% 

Average Sales Price

February 2024 - $1,653,373

February 2023 - $1,339,833

February 2022 - $1,973,377

February 2021 - $1,501,810 

For condominiums and townhouses, the number of sales were up for February 2024 (25) when compared to February 2023 (14). The highest priced condo/townhouse sold for $1,375,900 (Southlands Drive) and the lowest priced sold for $420,000 (10th Ave). The average sold price was $904,280. Currently there are 74 active listings for condos and townhouses in Tsawwassen (58 last month). The lowest priced listing is $420,000 (#410 1792 Starling Drive) and the highest priced listing is $1,709,900 (6381 Southlands Drive).  

Average Sales Price

February 2024 - $904,280

February 2023 - $694,817

February 2022 - $755,572

February 2021 - $673,641

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