Should I Build Or Should I Buy A Home?

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If you are in the market for a new home, you may have considered building from scratch instead of buying a resale home. While the decision isn’t always simple or obvious, each option has its pros and cons. Building a new home – advantages Control over details You can personalize the details of your home […]

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REBGV Market Update For March 2019 – Potential Homebuyers Sidelined For The Short-Term.

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The highlight of the March 2019 market report released by the Real Estate Board of Greater Vancouver (REBGV), showed that prospective buyers remain on the sidelines in March. “Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced,” Ashley Smith, REBGV president said. […]

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The Cost Of Selling Your Home Without A Real Estate Agent – Is It Worth It?

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Using a real estate agent to sell your home will cost you money. After all, you are using a trained professional who has taken a lengthy course and is licensed. But everyone likes to save money, and if you can save thousands of dollars by hiring your own photographer and selling it online, how difficult […]

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REBGV Market Update February 2019 – Increased Supply From Home Sellers And Below Average Demand From Home Buyers

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The Real Estate Board of Greater Vancouver (REBGV) released its February 2019 housing report, and it clearly showed that homebuyers appear to be the ones with power in the current market. Phil Moore, the President of the REBGV said “For much of the past four years, we’ve been in a sellers’ market. Conditions have shifted […]

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Luxury Home Sales And Prices Have Plummeted. Is It Time To Buy?

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The Foreign buyers tax, Mortgage stress test and incremental mortgage hikes have severely impacted the Vancouver real estate market in the past 2 years. The luxury home market has been hit the hardest:  In 2017 there were 4,282 homes that sold over $1 million – in 2018 only 3,151 units were sold – a drop […]

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How To Maintain Your Home During The Harsh Winter Weather

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A cold winter can be especially hard on a house. Snow and ice can wreak havoc on your property if not dealt with in a proper manner.  A bit of preventative maintenance can ensure that you will not have the problems of frozen pipes, ice dams and other winter woes. Prevent cold air form getting […]

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Here Are Some Important Facts To Know About The Principal Residence Exemption When You Sell Your Home.

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  If you sell your home and it is designated as your principal residence, then you have the ability to claim the principal residence exemption (PRE) on the sale. The PRE is probably one of the most valuable tax breaks available to Canadian homeowners, as it provides them with an exemption from tax on the […]

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Carbon Monoxide Leaks – Are You Adequately Informed And Protected Against This Fatal Gas?

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  It’s an odourless, colorless and potential deadly gas that is a byproduct of incomplete combustion – anything that burns a fuel emits carbon monoxide or CO. This deadly gas can escape from a furnace or boiler malfunction, a gas fireplace, or any appliance that burns a fuel. Someone who is asleep can die from carbon […]

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5 Great Reasons Why Maintaining Your Roof Is So Important.

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Your roof is one of the largest parts of your house and the most vulnerable, as it is exposed to weather hazards and other elements that contribute to its damage and deterioration. If it is neglected, its lifespan can be dramatically shortened and this can be very expensive for you the homeowner. By doing regular […]

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REBGV Market Update For December 2018 – Buyers In Control

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The December 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) has displayed the same trends that have been prevalent over the past few months. In his end of year comments about the Greater Vancouver real estate market, Phil Moore, REBGV president said. “This past year has been a transition period […]

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BC Government Launches New Condo Registry To Prevent Condo Flippers From Evading Taxes.

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Keeping in line with one of its election pledges to create transparency and prevent tax evasion in BC’s real estate industry, the BC government recently launched the “Condo and Strata Assignment Integrity Registrar”, which will scrutinize condo sales more closely. Beginning January 1, 2019, developers who sell strata lots in development properties are required to: […]

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REBGV Market Update For October 2018 – Buyers Have More Selection and Sellers Face Stiffer Competition

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The underlying theme of the October 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV), was that home sales remained below long-term historical averages “The supply of homes for sale today is beginning to return to levels that we haven’t seen in our market in about four years,” Phil Moore, REBGV […]

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REBGV Market Update For September 2018 – Home Sales Continue To Plunge.

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The September 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) made a very clear statement – supply continues to increase and demand remains below typical levels for this time of the year. “Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” […]

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How To Be A Responsible Short Term Rental Operator

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A short-term rental is a stay in your principal residence for less than 30 days where you receive mail. If the property is a rental, then the strata bylaws must allow short-term rentals. If the property is a rental, then the landlord’s permission must be obtained. A business license must be obtained if you want […]

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Now Is A Great Opportunity To Take Advantage Of The Softer Market And Invest In Real Estate.

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Investing in real estate is an alternative to investing in the stock market. We are in a buyers market with the number of available listings at all time highs. Now is a great opportunity to take advantage of this situation as prices will eventually start to rise, and you may miss out on a fabulous […]

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Real Tips On How To Save Money On Your Energy Bills This Winter

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Nowadays, the price of pretty much everything is going up, including energy. While the cost of heating your home may be steadily rising, you are in a position to control how much energy you use, thereby reducing the pain in your wallet. Below are some tips to help reduce your costs while improving the comfort […]

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Can Home Sellers Back Out Of A Deal To Sell Their Home?

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Purchasing and selling a home is a very emotional process. Normally one hears of buyers backing out of real estate contracts, but there are situations when the seller can and will back out of a sale. Why would a seller back out? A Lack of a suitable home to move into. This arises when the […]

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REBGV Market Update For August 2018 – Housing Market Calmer.

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All housing types are continuing to see reduced demand as was made clear in the August 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV). August 2018 sales were 25% below the 10 year August sales average. “Home buyers have been less active in recent months and we’re beginning to see […]

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If You Are Planning To Build A New Home, Here Are Some Important Tips You Cannot Ignore

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It may seem a daunting task, but building a new home can be a rewarding experience.  You can truly make it your own: you get to choose colors, cabinets, flooring and fixtures without having to deal with the design choices or shortcuts made by previous owners. But building a new home can be very stressful […]

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Good News For The Self Employed – Buying A Home Will Be Much Easier

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Self-Employed individuals have had a harder time qualifying for a mortgage as their incomes may vary or be less predictable. This will soon change as from October 1 2018, Canada Mortgage and Housing Corporation (CMHC) will make changes that will make it easier for the self employed to secure a mortgage. The self employed make […]

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Should I Sell Or Should I Renovate? – Important Points To Consider

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You have been in your present home for a number of years, the family is growing and you have been thinking about moving into a home that fits your needs.  You want a new home but you love your neighbours, your yard, the schools are close by, the bus stops 15 feet from your entrance,……these […]

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Corporate Secrecy On Landownership In BC May Soon Be Gone

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In 2001 when Gordon Campbell became premier of this province, he amended the Business Corporations Act, by declaring a law (Section 49) that prevented the media from visiting a corporate registered records office to find out who owns the company. This was a thorny issue with Transparency International Canada, which has been saying all along, […]

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REBGV Market Update For June 2018 – Supply Of Homes For Sale Reached A 3 Year High

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The highlight of the June 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV), showed that home sales dipped below long term historic averages, and supply reached a 3 year high. “Buyers are less active today. This is allowing the supply of homes for sale to accumulate to levels we haven’t […]

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How US President Trump’s Steel Tariffs Can Have Dire Consequences For The Canadian Construction Industry.

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The temporary reprieve we wrote about in March was just that – a temporary reprieve. (read our blog “The Steel Tariffs: We Have A Temporary Reprieve, But Will Trump’s Proposed Tariffs Affect Canadian Real Estate?” ) Last month the unthinkable did happen when US President Donald Trump slapped tariffs on some $20 billion worth of Canadian […]

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Here’s What You Need To Know About The New Real Estate Rules Recently Rolled Out.

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On June 15, the BCREA rolled out new rules aimed at better protecting both home buyers and sellers. The real estate board mandated an independent advisory group in June 2016 to look at market conduct in view of the white-hot market and all the scandals and shady dealings that were affecting consumers at the time. […]

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Thinking Of Helping Your Child Buy A First Home? Here’s How You Can Do It.

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Remember the good old days when you began your early independent life with a nice starter home in the suburbs with a small lawn to cut in the summer, and a driveway to shovel in the winter? A few years later you bought a bigger home, moving up in life and work….Not anymore. Today the […]

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Are Vancouver’s Priciest Homes Becoming More Affordable?

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It was only 2 years ago when Vancouver’s luxury real estate market was one of the best performing in the world.  Today, according to the Knight Frank Global Cities Index, Vancouver sits as the second worst performer over a 6-month period to March 2018. The April benchmark price for a single family home in East […]

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Real Burglars and Home Invaders Sharing Their Secrets On Where They Strike and How You Can Avoid Becoming A Target.

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When it comes to securing our homes we all think we are doing the right thing by buying expensive alarm systems, installing security cameras, putting our lights on timers, etc. But does any of that really scare the burglars away? Not really, according to a ground breaking survey done on convicted burglars and home invaders […]

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REBGV Market Update For April 2018 – Fewer Home Buyers And More Sellers.

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The April 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV) noted that market conditions are changing, whereby home sales declined and seller activity increased. “Market conditions are changing. Home sales declined in our region last month to a 17 year April low and home sellers have become more active than […]

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Areas In The Lower Mainland That Are Most Likely To Be Impacted During An Earthquake

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The Big One is coming! We live in earthquake country and earthquakes occur off our coasts on a daily basis. Luckily most residents are totally unaware and never feel any effects. The Lower Mainland has been dodging the bullet and has not had a major earthquake….yet. Geographically, we are positioned close to a fault line […]

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6 Great Tips To Ensure That Your Garden Will Stay Healthy This Summer

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Winter is behind us and spring is here! Now is the time to start working on your garden, because the work you do now will ensure your garden stays healthy well into the summer. Keep watering your lawn Of all the things your lawn needs, water is the most important.  The mistake many people make […]

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REBGV Market Report For January 2018 – Condos and Townhomes Were Still In Demand. Detached Homes Lacked Buyers.

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The Real Estate Board of Greater Vancouver (REBGV) report for January 2018 was released early this month. Townhomes and condos continued to dominate the real estate market  – a trend that has carried forward from 2017. Detached homes, on the other hand, faced less competition. “Demand remains elevated and listings scarce in the attached and […]

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