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 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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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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What is inheritance tax? It should be noted that there is NO inheritance tax in Canada as of 1972, however a provision on capital gains was added. What CRA does is it treats the estate as a sale, unless the estate has been inherited by a living spouse or common-law partner. And of course, there…
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Want To Appeal Your Property Assessment? It is that time of year, property assessments are arriving! It is important to know that your property tax bill is based on the assessed value of your property which is determined on a certain date, generally on an annual basis. If you want to appeal your property assessment, follow the steps…
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Living in a strata in Vancouver offers plenty of benefits for many people. Having stringent rules governing your building to ensure the safety and security of residents is something a lot of individuals take comfort in. Understanding how your financial contribution or monthly strata fees are being designated plays a significant role to the care and…
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In Vancouver, if your building was built approximately between 1982 to 1999 it may have required rain-screening technology. This was the so called "leaky condo" era. Let's dive into what rain screen is. First off, what is rain screening? You can’t really point to a rainscreen, because it isn’t a thing — it’s a system.…
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Convection Ovens When touring homes many Realtors highlight the convection oven that the kitchen includes. We all say that is great and then we we leave the home or condo we have just toured I often am asked ..." so, what is a convection oven?!" The definition; a cooking device that heats food by the…
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Oh September…..summer holidays (sadly) come to an end, the kids go back to school and we prepare for a busy month of listings and sales. Fall marks a revival of the market with many home owners choosing this season after the chaos of summer to list their homes leading to a busy market. This can…
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Simple Moving with Just One Hour A Day Imagine you have just been given a brand-new home completely free. The catch is, you must be ready to move out of your current home and fully moved into this new home by tomorrow evening. Would that be a stressful situation? Most definitely! However, with the current…
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