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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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…
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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…
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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…
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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…
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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…
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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…
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