Articles

BC Refining Strata Rental and Age Prohibitions BC’s government proposed new legislation Monday to handle the housing crisis under Premier David Eby. One of the notable new rules is a prohibition on strata rules against rental restrictions. Their take on this is to bring over 300,000 units into the rental market that were originally unable…

BC Housing And The Expected Market Change In 2023                  According to the most recent data from the BCREA (British Columbia Real Estate Association), MLS residential sales in BC are forecast to decline 34.4 percent from a record high in 2021 to 82,345 units this year. In 2023,…

Whether you’ve found the home of your dreams or a career in another city, you’ve decided to sell your home. The sale of every home is different; even when the market conditions are right, the perfect time to sell varies from house to house.  It’s an age-old question: Should you sell your home in BC…

It’s common for sellers and buyers to negotiate the asking price when it comes to home selling/buying. Why? Because as a buyer, you’ll want the most you can get, and as a buyer, you’re going to want to get the best price possible and not overpay a ridiculous amount for your future home. Negotiating the…

Heat Pumps.   Two words you often hear in the housing industry that usually fly over your head. What exactly is a heat pump and how does it work? Today is the day you will finally understand what one is and how they can raise the resale value of your home significantly.     What…

How much is your home worth? Depending on who you ask, you’ll get a very different answer. One way to gauge a home’s value is to schedule a home inspection. A home inspector examines all the most important areas of a home—the HVAC system, the roof, the foundation—to assess its overall condition and potential issues. …

What brings you to Vancouver? Is it the coastal scenery and towering mountains? Maybe it’s the mild climate, which Vancouver residents enjoy year-round.  Or maybe it’s the real estate market, which is bigger than ever. Perhaps you already live here, but you’re looking to relocate to a different area of the city.  No matter the…

Ready to sell your home? Once everything is said and done, you won’t get exactly what the buyer paid for it—you’ll need to factor the closing costs into your profit margins. There are a few additional fees associated with selling a home, from closing costs to real estate commission.  In 2021, the average home sale…

VANCOUVER, Canada - Leo Wilk Real Estate owner and founder, Leo Wilk, is delighted to announce that he has recently been accepted as an Engel & Völkers private office advisor. This position is only offered to realtors who have the required level of expertise and discretion that their select client base demands, and to be…

Every year, you get a letter from BC Assessment that states the assessed value of your home. But property owners are often let down when they receive their BC Assessment letter; if the value is lower than expected, they fear that this price is what their home would actually sell for.  Here’s what many sellers…