Many homeowners are unaware that Selling a tenant-occupied home is very different than selling a vacant home. Tenanted homes come with tenancy laws, and in British Columbia, the tenancy laws are strict in protecting tenants’ rights. If you or your real estate agent is unaware of these frequently changing laws and you fail to abide … Read more
Rental prices in Vancouver seemingly can’t be slowed, gaining an average of $13 this February after months of steadily climbing. Metro Vancouver’s average rent is now at $1,840, up from their already high January levels. This increase was largely led by cities like Langley and New Westminster, which both saw significant upward trends this month.
The Metro Vancouver* housing market saw steady home sales activity, modest increases in home listings, and continued upward trends in pricing in February. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 3,424 in February 2022, an 8.1 percent decrease from the 3,727 sales recorded in February … Read more
Rental prices across Metro Vancouver from December 2021 to January 2022 saw some huge increases in terms of average prices of furnished units. Aside from a few exceptions, rent for unfurnished units remains relatively unchanged in most communities after last month’s price action. Monthly Rental Market Report If you’d like a rental analysis for your … Read more
The first month of 2022 saw home sales come down from last year’s record-setting pace, while low supply continued to cause home prices to edge higher across Metro Vancouver*. The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,285 in January 2022, a 4.4 per cent decrease … Read more
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 2021, a 42.2 per cent increase from the 30,944 … Read more
Buying a home doesn’t happen overnight. It doesn’t happen over days or even weeks. It takes planning and commitment. It’s a matter of finding a home that fits, making sure the math works out, putting in a competitive offer, and getting to a sealed deal with the seller. Buying a home is a big investment. … Read more
As a homeowner, one benefit of owning real estate is selling and profiting from your home’s price appreciation. In Vancouver real estate, it can be a lucrative investment. Selling your home isn’t tax-free, and the Canadian Revenue Agency will share in profits made. Let’s take a closer look at your tax responsibilities when selling your … Read more
When buying a home, there are a number of costs that go beyond the purchase price. As a home buyer, you’ll want to be aware of and budget for these closing costs. One such cost is legal fees. Involving a lawyer doesn’t come cheap. And you’ll probably want to confirm if a legal professional needs … Read more
As a homeowner, letting your property out to a tenant is a big deal. You’ll probably be conscious of how your tenant will treat your home. Renting out your home isn’t a light decision, but it can be well worth it. However, having a rental property isn’t just about collecting rent. Your duties will also … Read more
Is a lawyer required for selling a home? And are there any legal fees when selling your home? Understandably, hiring a lawyer by the hour doesn’t come cheap. Hence, you’ll want to verify whether it’s necessary to involve a lawyer when selling your home. As with most types of transactions that include an enforceable contract, … Read more
As a first-time homebuyer, the real estate market can be a daunting arena. You may be thinking, how on earth can I afford it? The good news is that you don’t necessarily have to pay for everything upfront. Keeping an eye on all pending costs for buying a home and having a solid plan for … Read more