Market News

Six reasons to vote YES for better transportation

Soon, you’ll receive a mail-in ballot asking you to vote by May 29, 2015 on whether you support the Metro Vancouver Congestion Improvement Tax.

The referendum is for a 0.5% sales tax increase to raise $7.5 billion over 10 years for transportation and transit improvements. Already the province has committed to paying for $2.5 billion of this.

Here are six reasons to vote yes:

  1. 35 cents a day is what it will cost.

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Commercial real estate sales top $6 billion in the Lower Mainland in 2014

The Lower Mainland’s commercial real estate market hit a five-year high in 2014 in terms of the number and value of sales within the year.

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Home buyer and seller activity outpaces historical averages in February

Conditions within the Metro Vancouver* housing market continued to strengthen in February as home sale and listing totals came in well above the region’s ten-year average for the month.

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Home buyers remain active despite reduced selection

The first month of 2015 saw home sale activity above historical norms, while the number of homes listed for sale trended below typical levels.

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Home sale and listing activity reach historical norms in 2014

It was a typical year for the Metro Vancouver housing market in certain respects.

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Source: http://www.rebgv.org/news-statistics