Buying a home comes with a lot of responsibility and a lot of costs. In this blog, we run through various hidden costs to expect when buying a home. It’s important to be aware of these costs before making one of the biggest purchases in your life. There’s more to just the downpayment and a…
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What is the MLS Home Price Index? The Canadian Real Estate Association (CREA) explains what the MLS Home Price Index is and how realtors leverage this tool to help clients make informed real estate decisions. Watch the video below for an explanation from CREA and continue reading to learn how I use the MLS HPI…
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So you want to buy a home for the first time? Buying a home is a big decision and one you want to take seriously! There are many factors to consider when buying a home, especially when it’s your first time. Here are 5 general factors to start thinking about if you are looking to…
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When purchasing a new home, you need to be aware of the Goods and Services Tax (GST). This blog includes some quick facts about GST and available rebates to get you familiarized with the tax. 1. GST is 5%. GST is quite straightforward. It is 5% of the purchase price. 2. The tax applies only…
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What is radon? Radon is a naturally occurring radioactive gas that escapes from the ground and can accumulate in buildings. It is a colourless, odorless gas created by the breakdown of Radium. It cannot be seen or smelt so the only way to know it's there is to carry out a special test. How dangerous…
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The pandemic has all but frozen our economy. Record numbers are out of work and on unemployment. This article will look at how homeowners can get help and what is happening with the real estate market in the shadow of the coronavirus. Help for Financially-Distressed Homeowners On March 27, 2020, the Coronavirus Aid, Relief, and…
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Do you have a vacant property with no plans to find rental tenants? Or are you applying for a building permit and waiting to start and reno or demo? If you are a homeowner, investor or developer looking for a hassle-free rental opportunity on your property, then look no further. Property Sage is the empty…
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What is Sales to Active Listings Ratio? The Sales to Active Listings Ratio (SAR) is the percentage of listings sold versus the number of active listings in a day. In a seller's market, the sales-to-active listings ratio is greater than 20%. In a balanced market, the sales-to-active listings ratio is between 12% to 20%. In…
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VANCOUVER, BC – May 4, 2020 – While Metro Vancouver* home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their clients in a responsible way. https://www.youtube.com/watch?v=WGMjJCrcr1g&feature=youtu.be Home sales and listings down amid COVID-19 The Real Estate Board…
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You may be wondering what is the difference between Empty Homes Tax and Speculation and Vacancy Tax. Some people think that the two taxes are synonymous. However, that is not the case with the taxes. If you are a Vancouver property owner, knowing the difference between the two taxes is important. What is…
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