Contract of Purchase & Sale for Strata's Buying into a strata whether it is 4 suites or 500 you must have many subjects and protective clauses in your contract of purchase of sale. The most important one is the Special Levy / Special Assessment Clause. Here is the long version of the Special Levy Clause:…
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Buying a House in Vancouver? Some people may want to perform a WETT inspection. WETT stands for Wood Energy Technology Transfer. The WETT inspection includes a very thorough inspection of wood burning appliances - typically fireplaces. What exactly is included in a WETT inspection? A WETT inspection is an inspection that must be conducted by…
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First time buyer downpayment by Mortgage Broker Niki Cuthbert Over the last couple of months we have seen considerable government intervention in the mortgage world. The BC provincial government has recently introduced a down payment assistance program with the goal of helping first time home buyers get into the housing market, while the federal government…
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Breaking into the real estate market can be a life changing experience. If you have been fortunate enough to live rent free at home, while eating lots of peanut butter and noodles; you may have been able to save up a decent down payment. Some families opt to still charge their kids' rent while attending…
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Election time; Foreign Tax, Vacant Tax, Property Transfer Tax, Property Taxes up 40%, Tax, Tax, Tax.... The last 365 days in Vancouver Real Estate has seen quite some changes. This "crisis" as the politicians like to call has lead them to tax the heck out of Real Estate to "protect" the citizens. Really? Taxing Real…
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The Best Condo Prices in Vancouver Real Estate are right here! Prices in Vancouver Real Estate has skyrocketed. People are now concerned they will never be able to afford a home in the locations they had wanted to. Which has had many Vancouver condo buyers turning to the grey area of Lease Land / Lease…
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People who buy Vancouver real estate and people who don't There are 2 types of people: people who buy Vancouver real estate and people who don't. These days, the#1 question I am being asked is my prediction of the market. "What will my home be worth in 2 years" seems to be the popular one.…
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What happened in 2016 with the Vancouver Real Estate market? Everyone says it was supply and demand. I agree! Money was very easy and cheap to borrow, people had made so much profit when they sold their homes they had no problems paying top dollar for the next one as it was probably hundreds of…
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In Vancouver we have a ton of speculation, uncertainty and a lot of bad press on Vancouver Real Estate and especially on Vancouver Realtor's! However, despite all this, multiple offers are still occurring on many homes and condos in Vancouver. The good news, not every home is in a multiple offer situation. And even if…
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I am super hesitant to post this as this is a massively hot topic and causing a lot of debates, arguments, hate and frankly racism which has been hurtful to watch and listen to. However, this is a well written article on this new 15% Tax. My stance is that I think it is criminal…
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