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591 Pfeiffer Cres

591 Pfeiffer Cres


Port Alberni, V0R 2Z0 UI1265 - UIPA Tofino

  • Levels: 3
  • Suites: 16
  • Status: Completed
  • Built: 2005
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Management company:  Self Managed
  • Bldg#: 8706

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591 Pfeiffer Cres MLS® Listings

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Building Info

Parallel 49 at 591 Pfieiffer Crescent, Tofino, BC V0R 2Z0, Canada.  A 3-level 16 units townhouse development was built in 2005.  Parallel 49 is a West Coast style townhouse development located in UIPA Tofino.  Close to downtown core of Tofino, coffee shop, schools, Applegate Park, Penfield West Park, Baikie Island and long beaches.

Crossroads are Pfeiffer Crescent and Lone Cone Road. Maintenance fees include building insurance, management and water.

Strata Sub Categories: Strata
 

591 Pfeiffer Cres Technical Info

Building Name 591 Pfeiffer Cres
Address 591 Pfeiffer Cres
City Port Alberni
Neighborhood UIPA Tofino
Listing Price Range N/A
Floors 3
Units in Development: 8
Units in Strata:16
Property Types Frhld/strata
Sub Categories:Strata
Year Built 2005
ManagementSelf Managed
Restrictions Details
Title to Land Frhld/strata
  

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January 2024 Market Insights

January 2024 Market Insights

December Market Insights

Housing market resilient in 2023, ends year in balanced territory

November 2023 Market Insights

Metro Vancouver housing market holds steady in October

Market Insights October 2023

Metro Vancouver Housing Market Holds Steady in October

Real Estate Related News Articles(Sun and Province) Search News  

Mandarin 
# Article Publish Date Source
1 Do Realtors make too much money? What do you think?

Like any small business, what you pay them is not what they get. They have overhead that does not even include the overreaching tax rate they are susceptible to.

Most have to pay for staffing, office space, their split to their broker, franchise fees, a transaction coordinator, ongoing training and coaching, their car and gas, marketing, photos, signs and sign installation, software to run their business, client parties, advertising and on and on… You can see how the check collected at the closing goes away fast. 


Do Realtors make too much money? What do you think?
2024/02/26 other
2 New Property Transfer Tax exemptions for first-time buyers and new homes in BC

n an effort to improve housing affordability, three major changes are being made to the Government of British Columbia’s Property Transfer Tax (PTT) framework.

Firstly, the threshold to be eligible for the first-time homebuyers’ exemption will be increased from a fair market value of $500,000 to $835,000, with the first $500,000 exempt from the tax. The phase-out range for the complete elimination of the exemption will be $860,000, while properties with a fair market value under $500,000 will be completely exempt. These changes will start on April 1, 2024.


New Property Transfer Tax exemptions for first-time buyers and new homes in BC
2024/02/22 other
3 Budget 2024: B.C. introduces new home-flipping tax

Flipping Tax  

The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in addition to any existing federal or provincial income taxes incurred from the sale of the property, including the federal anti-flipping tax. Exemptions will be available for certain life circumstances that might motivate the sale of a property within two years, including for added supply through the creation of rental accessory dwelling units. 

 

The BCREA Economics Department’s preliminary analysis estimates the flipping tax will decrease home sales by between 1-2 per cent over a three-year period. Given the relatively small impact, prices and housing attainability are essentially unchanged by the tax. This is unsurprising, given that short-term flipping represents a low share of sales activity (less than 2 per cent in both Vancouver and Victoria). 


BC Government Announces New Housing Measures in 2024 Budget
2024/02/22 BCREA
4 The BC NDP have walked back on changes to the province’s Land Act

The BC NDP have walked back on changes to the province’s Land Act, citing a need for more consultation and demonstrations of how shared decision-making with Indigenous governments will work.

“We need to take the time to further engage with people and demonstrate the real benefits of shared decision-making in action,” Water, Land and Resource Stewardship minister Nathan Cullen said in a statement announcing the pause. “We want to get this right and move forward together.”

The province announced plans in early January to revise the Land Act, launching a public consultation and engaging stakeholders, including ranching, resource and outfitting groups.


BC NDP backtracks on proposed amendments to Land Act
2024/02/21 Western Investor
5 Canada’s commercial real estate landscape is set for a “seismic shift” not seen since the early 1990s

While the high interest rates of 1982 ruined many, Bains said the downturn of 1993 was even worse for the Vancouver real estate market in terms of liquidity.

The liquidity challenges have returned in the current environment, where interest rates have risen faster and stayed high for longer than they did 40 years ago.

The result has been a reset in people’s expectations of the cost of capital, heralding a changing of the guard similar to the late 1980s and early 1990s.


A seismic shift ahead as new real estate investment cycle takes shape
2024/02/21 Western Investor
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