If you’re new to real estate, then the title of this article might make your head spin. But special levies (also known as special assessments) are important to understand. They can cause major problems and hurt you financially if you are not aware of what they are. For example, if a special levy was passed…
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What is a Material Latent Defect? As defined by BCREA, a material latent defect means a latent defect that cannot be discerned through a reasonable inspection of the property, including any of the following: a defect that renders the real estate dangerous or potentially dangerous to the occupants, unfit for habitation, or unfit for the…
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At some point or another, many of us have lived on the lowest floor of a single-family home. The rent is less expensive, but you miss out on a few essentials of living comfortably; for example, tall ceilings, natural light, and rooms that aren’t overly stuffy. Today, if you want to rent out a basement…
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Recently the Vancouver City Council confirmed a $71M contract to build a new complex for Coal Harbour waterfront school and social housing. As Vancouver becomes more populated, our city must create new developments to meet the demands of the population. This exciting new development will include a Coal Harbour elementary school, daycare and social housing…
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Metro Vancouver home sales set a record in 2021 Metro Vancouver home sales reached an all-time high in 2021 as housing needs remained a top priority for residents in the second year of the COVID-19 pandemic. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 43,999 in…
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The Speculation and Vacancy Tax is a provincial tax applicable to residential property owners in British Columbia. The tax is based on the type of ownership of the residential property. Speculation and Vacancy Tax Exemption Phasing Out in 2022 There are numerous exemptions to the Speculation and Vacancy Tax. One exemption is phasing out starting…
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False Creek Activities: Exploring False Creek Vancouver The False Creek neighbourhood is a popular area in Vancouver. Today we are sharing some of the main attractions for what to do in False Creek in Vancouver. We will also touch on the history of False Creek South. The Seawall The Seawall is the world’s longest uninterrupted…
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Home sales activity remains up, listings down across Metro Vancouver’s housing market As we near the end of 2021, home buyer demand remains well in excess of long-term averages and the supply of homes for sale continues to decline across Metro Vancouver’s* housing market. The Real Estate Board of Greater Vancouver (REBGV) reports that residential…
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What is zoning? Zoning is a set of rules that determine what can and can't be built in the city. Originally zoning was used as a tool to protect the safety and public health of a community. Zoning separated land uses that wouldn't work well together, such as polluting industries and residential areas. Today, zoning…
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REBGV Economist Keith Stewart explains the latest home sale and listings trends in their latest video below. Keith looks at supply and demand trends and explains how they're affecting the market in Vancouver BC. Watch the video or keep reading for the transcript below! Vancouver Real Estate Q3 Housing Overview https://www.youtube.com/watch?v=_cNRi09DcAg&t=35s After setting new sales…
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