BC Budget 2016

The BC government introduced its 2016 budget today. The budget included a number of items intended to affect affordability and availability in the Lower Mainland’s housing market. Here’s a summary: Property Transfer Tax (PTT) a New Housing exemption will apply to newly built homes or … Read more

condo garage parking

All you need to know about Parking and Storage

All you need to know about Parking and Storage If you’re buying a condo, make sure you understand how a building’s strata designates these areas before purchasing. The allocation of parking and storage lockers can be a confusing part of negotiations for condo buyers. When … Read more

Jervis-Tower-west-end

The Jervis – New Development in West End

Sharing a passion for innovation and perfection, two leaders of their respective industries in Vancouver – Intracorp and Inform Interiors – have partnered to reimagine how homes are designed and built. Intracorp is renowned for building extraordinary real estate communities across Canada. Inform Interiors, owned … Read more

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Foreclosure Process in British Columbia

The foreclosure process in British Columbia is controlled by the BC Supreme Court. What it means to the home owners is that each step of the foreclosure process has to be approved by the Supreme Court including when to start selling, the purchase price, the terms of sale, and … Read more

Foreclosure House

I can’t pay my mortgage! What should I do!!!

It is in the owner’s best interest to stop the process of FORECLOSURE and to try to find the best solution in this situation. One of the clever solution is a short sale. A short sale is a sale of real estate in which the … Read more

How to choose the right Builders/Contractors

Make sure that the builder you hire to erect your dream home or renovate your existing one has sound credentials. Ask for references and if possible, visit previous sites he has worked at. REALTORS® Speak to his clients to ensure that they were satisfied with … Read more

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Thinking of buying a pre-sale condo?

You might be tempted by the tantalizing array of pre-sale development units available in the Lower Mainland, some with attractive incentives. Here’s how it works. When you agree to buy a pre-sale unit, you’re actually entering into a contract for the right to receiveand an … Read more

ASBESTOS & UFFI

For buildings constructed prior to 1990, the provincial legislation requires hazardous materials surveys to be completed before renovation, expansion or demolition, to protect occupants and workers from harmful exposures. Such hazardous materials would include asbestos in all types of building products. If not handled correctly, … Read more

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Property Disclosure Statements

Introduced in 1991 by the B.C. Real Estate Association (BCREA), these forms are intended to give buyers some peace of mind as to what they are buying, as sellers are asked to disclose truthfully and completely any defects that the property might have. Also, the … Read more

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Designated Agency for Buyers

Purchasing a home is one of the largest financial investments most people ever make. Traditionally, the REALTOR® was hired by the Seller and acted in the Seller’s interest. Now, Buyer’s Agents are specially trained to represent the buyers, helping them get the best possible price and … Read more

What does Mortgage Loan Insurance cost?

The Mortgage Loan Insurance premium is calculated as a percentage of the loan (0.50% to 2.90%) and is based on the size of your down payment. The higher the percentage of the total house price that you borrow, the higher percentage you will pay in … Read more

What is Mortgage Loan Insurance?

When you need a mortgage loan that is more than 80% of the purchase price of your home, you must buy mortgage loan insurance. It protects the lender and Canadian federally regulated lending institutions will require it. CMHC stands for Canada Mortgage & Housing Corporation. … Read more

sundorne property for sale

New listing 1203 Matthews Ave, Vancouver

Legacy of the Sundorne “Legacy is about learning from the past, living in the present, and building for the future”. The Sundorne is a heritage home that was born in 1911 in the heart of Vancouver’s historic First Shaughnessy neighbourhood, where residential architecture and urban … Read more