Buying a Vancouver home or investment? Applying for an exemption and have questions? What is the BC Foreign Buyers Tax? The BC Foreign Buyers Tax is a 20% tax added to the Property Transfer Tax when a foreign citizen or non-permanent resident of Canada purchases a residential property in Metro Vancouver. History of the BC…
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VANCOUVER, BC – August 5, 2020 – Home buyer and seller activity in Metro Vancouver* exceeded historical levels in July. https://www.youtube.com/watch?v=hqZ8dOBVlrs Metro Vancouver housing market sees steady summer activity Home buyer and seller activity in Metro Vancouver exceeded historical levels in July. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales…
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So you have an accepted offer on a house and are waiting for subjects to be removed! Many clients wonder what happens after subjects are removed. We will be guiding you step by step on what to expect once subjects are removed. What are subjects? Subjects are part of the terms and conditions in the…
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When buying a property with a strata, there are several documents to read before your purchase. Buyers should read through these documents to determine the status of the strata and make an informed purchase decision. Today, we will run through how to review strata documents as a buyer and what you should look for in…
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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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