A Shift in the Market: From Challenges to #Opportunities for sellers and buyers
Posted on Nov 12, 2024 in Selling and Buying Advice
Summary;
In the past two years, we've seen a dramatic shift in the economic landscape. Inflation has largely been brought under control, but new challenges are emerging: labour market pressures, rising debt burdens, and a wave of new housing policies from all levels of government. Understanding the shifting factors is key to making informed decision...
Understanding the Rising Housing Costs in Greater Vancouver
Posted on Nov 02, 2024 in Community
The housing market in Greater Vancouver has become a focal point of concern, especially as costs continue to rise. It’s crucial to examine the factors driving these increases and their implications for both current and future residents.
The Challenge of Construction Costs
One of the primary issues is the escalating cost of construction. As Hani Lamma...
The Challenge of Construction Costs
One of the primary issues is the escalating cost of construction. As Hani Lamma...
Key Questions to Ask Before Buying a Property
Posted on Oct 20, 2024 in Selling and Buying Advice
When purchasing real estate, conducting thorough due diligence is essential. The extent of this research varies by property type, but here are critical considerations to discuss with your real estate professional before making a deposit.
Detached Properties
1. Lot Size: Check the lot size on vanmap.ca to ensure it matches COV records. For accuracy, c...
the difference between regular and bare land stratas
Posted on Oct 11, 2024
In British Columbia, land can be subdivided in various ways. When it comes to strata-titled properties, one of the primary distinctions lies between regular strata corporations and bare land strata corporations.
Understanding the nuances between the two types of stratas is crucial when purchasing property in BC. This knowledge affects ownership righ...
important to 'remember' provincial election
Posted on Oct 04, 2024
I’m not deeply invested in politics, but with the provincial election approaching, it’s crucial to know all the facts and remember all the policies. Many people may find themselves waiting for promises made during election that are unlikely to materialize. Political platforms often feel like walking on shifting sand—lacking a solid foundation or ge...
flipping tax on pre-sale
Posted on Mar 01, 2024
The BC Home Flipping Tax is a 20 per cent tax on the gain from sale of a home within a one-year time horizon and a pro-rated tax on sales up to within a two-year period. The tax will apply to both properties and assignments of contracts and is in addition to any existing federal or provincial income taxes incurred from the sale of the property, inc...
