https://www.youtube.com/watch?v=oz_sG8vcjyo In this video Ashley Smith, President of the Real Estate Board of Greater Vancouver (REBGV) takes us through a summary of the March 2020 Vancouver housing market March 2020 statistics. For our visual learners, watch the video above! Otherwise, continue reading our post for the main housing statistics and insights. Vancouver Housing Market March 2020…
Read More
I need to sell my house fast! Well, selling a house is a process! It might feel daunting or overwhelming when getting started on the journey. However, working with a top realtor in your local area makes it easier. Use these 5 tips to sell your home faster and easier. 1. Work with a professional…
Read More
What is Empty Homes Tax? The Empty Homes Tax is a municipal tax that affects anyone who owns a Class 1 Residential Property in the City of Vancouver. It is an annual tax at a rate of 1% of a property’s assessed taxable value. According to BC Assessment, which runs real property assessments throughout the…
Read More
What is strata insurance? Strata insurance is the coverage provided for properties and liabilities within a strata. In accordance with the Strata Property Act, strata corporations are required to obtain and maintain property insurance and liability insurance. What does strata insurance include? Strata insurance typically includes coverage for common property, common assets, buildings shown on…
Read More
In Greater Vancouver Real Estate we know there are many pre-construction, pre-sale home buyers and investors alike. We also know many of these buyers see gains on their property value before the development is built and often sell which is called assigning a contract. It is very important as a Vancouver Realtor to know the…
Read More
When it comes to Family Property Tax Transfer Exemptions, there are a few key criteria that need to be met. Generally, there are a few situations with Property Transfer Tax where tax exemption occurs. This blog is with respect to tax exemptions for transfers of principal residences between family members. Key Criteria for Family Property Tax…
Read More
What is the CMHC First Time Home Buyer Incentive? The CMHC First Time Home Buyer Incentive is a program that helps qualified first time home buyers purchase a home through an interest free loan and reduced mortgage payments. The program reduces the financial burden in purchasing a first home. The First Time Home Buyer Incentive…
Read More
What is Second Closet? Second Closet is an innovative and technology based storage service company disrupting the self storage industry. The company picks up, stores and returns items for as low as $3 per month. The prices and service are unbeatable in comparison to their competitors. No longer are the days of moving boxes into…
Read More
What is a Stigmatized Property? A stigmatized property is one that has had an event occur that is considered a stigma or a potential stigma to buyers. Examples of a Stigmatized Property A list of potential stigmatized properties: Belief that house is haunted Death of an occupant (murder, suicide, natural causes) Divorced house Seller has…
Read More
When you take on a mortgage for a property, you may not think ahead about the worst case scenarios. However as financial situations change and you find yourself facing a foreclosure on your home, you face a difficult situation in life. Foreclosures are a long and straining process emotionally and financially for homeowners. This post…
Read More