News

Aug. 1, 2018

Our West End Condo Sold Over List Price - Thanks for Your Excellent Service and Advice!

West End Vancouver Condo Sold Over List Price

We recently had the pleasure of helping our clients, Mike and Quentin, sell their West EndVancouver condo in multiple offers over list price, and this is what they said about our service:

"Just a brief note to say how pleased we were with Lori and Alan …

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Posted in News, Selling
June 15, 2018

Always a Pleasure to Work With -- Received Multiple Offers on our Home!

We recently had the pleasure of helping our clients, Cynthia and Jordan, sell their New Westminster townhouse in multiple offers for a great price, and this is what Jordan said about our service:

"I have sold two properties with Lori and Alan. Always a pleasure to …

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Posted in News, Selling
May 24, 2018

B.C. Residential Tenancy Act Amendments

B.C. Residential Tenancy Act Amendments May 2018The B.C. Residential Tenancy Act was amended on May 17, 2018.

Following are a few highlights reflecting the changes to the Residential Tenancy Act.

If a Landlord is taking over a property or a buyer is going to be occupying it, the notice to tenants is still 2 …

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Posted in Investing, News
May 9, 2018

Cambie Corridor Plan Approved by the City of Vancouver

The City of Vancouver approved the final draft of their Cambie Corridor proposal for the next 30 years. It's a comprehensive plan to add more types of housing, increase density, create more job space, improve transit connections and public amenities.

The Cambie Corridor is a combination of Cambie

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Posted in Community, News
March 9, 2018

Vancouver's Cambie Corridor Proposal for the Next 30 Years

Vancouver's Cambie Corridor Location MapThe City of Vancouver has released their final draft of their Cambie Corridor proposal for the next 30 years, and it looks exciting!

The Cambie Corridor Plan, for the area located between Oak Street and Ontario Street and south of W 16th Ave, is expected to go to City …

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Posted in Community, News
Feb. 28, 2018

2018 BC Government Tax Review for Greater Vancouver Real Estate

On February 20, 2018 the B.C. Provincial Government lead by the New Democratic Party released their first budget after forming a coalition government with the Green Party last summer. While there has been much speculation about what would be contained in the budget, it was believed that housing affordability …

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Posted in Market Update, News
Feb. 20, 2018

Major Changes to BC Real Estate Taxes

 

BC Property Transfer Tax & Foreign Buyer Tax Increase

There were significant changes with the BC Budget today affecting real estate. The Property Transfer Tax will be increased to 5% on the purchase price above $3,000,000 effective tomorrow, February 21, 2018, and the Foreign Buyer Tax has been increased from 15% to 20% as of tomorrow …

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Posted in Buying , News
Dec. 27, 2017

How will the Vancouver Broadway Corridor Skytrain Extension Affect Real Estate Prices?

How will the Vancouver Broadway Corridor Skytrain Extension Affect Real Estate Prices?

Route of the Broadway Skytrain Extension

With the population of Vancouver, BC increasing, Translink is hoping to extend the Millennium skytrain line along the Broadway corridor. They are proposing to create a line from the from Vancouver Eastside's VCC–Clark station to a new station on Arbutus Street …

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Posted in Community, News
Nov. 14, 2017

Vancouver Empty Home Tax Declarations Being Mailed to Owners

Vancouver Empty Home Tax DeclarationsThis week, the City of Vancouver will begin a phased approach to mailing out the Empty Home Tax Declarations to applicable Vancouver home owners. This form must be filled out and submitted to the city by February 2, 2018 and according to the city "will have their properties deemed vacant …

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Posted in Investing, News, Owning
Oct. 23, 2017

New Mortgage Rules Hurt Buyers

Starting January 2018, the existing mortgage "stress test" will apply to all buyers (not just the ones with less than 20% down payment). Which means borrowers will qualify for approximately 20% less money.

For example, if you qualify for $400,000 today, in January, you will only be able to …

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Posted in Buying , Mortgage, News