(Source – RECBC.CA/consumers/buying-home-bc) “Buying a home is the biggest investment most of us ever become involved in. Yet people sometimes take less time over it than they do when buying a new car. That’s because it’s unfamiliar territory to many of us. We don’t know what questions to ask. We may take things for granted,…
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Update – This document has been updated to align with Provincial Health Officer orders and directives up to and including December 7, 2020. Real estate professionals must continue to adapt to protect themselves, consumers and communities from COVID-19. REALTORS® must continue to manage risks of showings as infections rise The acceleration in the number of…
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(Source – BCREA – Legally Speaking) On November 30, 2020, the Land Owner Transparency Act1 (LOTA) came into effect, and with it, the Land Owner Transparency Registry (LOTR). Now, with every change in title to a property in British Columbia, a transparency declaration must be filed with the Land Title and Survey Authority of British…
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Vancouver, BC – December 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 9,416 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in November 2020, an increase of 42.1 per cent from November 2019. The average MLS® residential price in BC set a record of $816,074, a 9.3 per cent…
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Click here to view the December 2020 Mortgage Rate Forecast. Highlights: Bank of Canada actions have pushed mortgage rates to record lows Canadian economy bounced back in the third quarter, but the second wave looms Bank of Canada on hold, but when will quantitative easing end? For more information, please contact: Brendon Ogmundson Chief Economist…
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New EV Ready rebates as Province doubles rebates for home, workplace charging. Home and workplace charging station rebates are offered through CleanBC’s Go Electric EV Charger Rebate and EV Ready programs. The rebates are administered by BC Hydro and FortisBC in their respective service areas. Find more information and application links through the CleanBC Go…
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Canadians on the move: Not an exodus, but the re-location trend across Canadian housing market is real. RE/MAX Canada expects average residential prices to rise 4% to 6% in 2021 35% of RE/MAX brokers indicate that “move-over” buyers from other cities and provinces will continue to spark market activity in 2021 45% of RE/MAX brokers…
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(Source – Canadian Real Estate Wealth Magazine) Historically low interest rates have been the impetus for a home buying frenzy that’s swept much of Canada, but it’s also presented a unique, if a once in a lifetime, opportunity for real estate investors. In Toronto, the COVID-19 pandemic has softened demand in the condo rental market…
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The recent BC Covid-19 protocols, in addition to the approaching Holiday season, have contributed to the moderate pace of our current market. However, buyers are keen and we predict an increase in listings in the New Year. We encourage everyone to find joy in the slower pace that this next month brings. Stay safe, healthy and positive! Continue…
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After Thanksgiving, Black Friday and Cyber Monday people are urged to join the movement of giving back. #GivingTuesday is a global day of giving and unity. This is a time when companies and individuals join together and rally for great causes in our community. Some of the charities I proudly support all year round are:…
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