RE/MAX Oceanview Realty 5686 Cowrie St.
Kiosk, Trail Bay Mall Weekly REPORT April 23 – April 29
The Real Estate Board is lobbying politicians to lower the Property Transfer Tax. This tax, 1% of the 1st $200K, 2% thereafter, was introduced in 1987 and was intended to affect mainly higher priced properties. However, in 1987 the average price of a home on the Coast was under $100K. Since then prices have quadrupled. The bill, which used to be less than $1,000 now averages almost $6,000 - clearly an unfair burden to buyers and an impediment to the real estate market.
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SALES THIS WEEK: 19 [SUNSHINE COAST, ALL OFFICES]
NEW LISTINGS THIS WEEK: 37 PRICE REDUCTIONS
CURRENT LISTINGS: 1256
DET’D SALES to LIST RATIO*: = 8.5%