Coldwell Banker - Westburn Realty

Even though the March statistic from the real estate board of Greater Vancouver shown  sales declined 18.3% from March 2012 and 30.2% below the 10 year sales average.  It however, shown some good news for Sellers.  The sales-to-activity-listings ratio sits at 15.2%.  What does it mean? A "buyers' market" is generally considered to be when the sales-to-listings ration is less than 13%.  In February was 12.2% and January was at 10.2%.  This means selling a home is getting easier and March was in a "balanced market".  The Seller market back in early 2012 like March was at 19%.

There is an apt pre-sale grand opening in Richmond on April 6 with long line up that we haven't seen it for a while. Is the Chinese finally starting to spend again?  We know the Chinese has been in the wait and see mentality.  Will this project shown some strength of the return of the Chinese buyers or they just try to line up to win the Lexus?   

Just a note to remind you that after April 1st, we are back to GST & PST tax structure.  Sales tax on a new home is total of 7%, tax on real estate commission, lawyer fee and inspection fee have been reduced to 5% from 12%.