Category Real Estate

Buying foreclosure bank owned bc

Buying a Foreclosure

When a homeowner is unable to continue paying their mortgage, their home is claimed by their lending institution through a foreclosure process. This presents opportunities for buyers looking for discounted properties, though it comes with certain caveats. The bank will…

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PNE Prize Home 2022

PNE Prize Home 2022

The 2022 PNE Prize Home tickets are now selling. You have until September 5th to enter the draw. Located in Langley, this climate-friendly dream home includes clean energy technology, including an EV charger and an all-electric heat pump system to…

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Burke Mountain real estate for sale

Burke Mountain Real Estate

Burke Mountain is one of the Tri-Cities’ fastest-growing communities—located in Northeast Coquitlam, British Columbia. We had a lot of buyer interest in this family-oriented neighbourhood over the last few months, though the frenzy of activity which led to record price…

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Rental Housing

“Don’t find fault, find a remedy.” – Henry Ford It’s amazing how quickly society’s attention can be so easily diverted from one current event to the next. From a pandemic, to convoys, to wars, to celebrity outbursts, to billionaire hostile…

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A better way home cooling off period in Vancouver

A Better Way Home?

The British Columbia Real Estate Association (BCREA) announced their “whitepaper“, outlining proposed solutions to address the housing crisis both in the province and across the country. BCREA is recommending a “pre-offer period” where offers cannot be presented to a seller…

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Investors Ontario Real Estate Market

Investor Boom

A revealing report by Teranet suggests that investors now make up 25% of Ontario homebuyers. The number of mortgages taken out by investors doubled in the last year, as per the Central Bank. The "extrapolative" demand is being attributed to the expectation that prices will keep rising, a.k.a. Fear of Missing Out (FOMO).
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BCFSA cooling off period real estate

Cooling Off

The BC Financial Services Authority (BCFSA) intends to introduce a mandatory "cooling off" period for real estate services in 2022. The first Canadian jurisdiction to enact legislation for all residential real estate sales.
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Agricultural Land Reserve Map

Buying Farmland in British Columbia’s ALR

The ALR is a “provincial land-use zone where agriculture is the priority use.” The reserve comprises 5% of BC’s total land base, and is the area with the greatest agricultural capacity. When buying property in the ALR, along with a home inspection, it’s recommended to get a well test, septic test, soil and tissue sample. A plant tissue analysis is used to detect low nutrient levels in plants before they are seen by the human eye. The test results are an indicator of plant nutritional health and a basis for diagnosing whether existing problems are nutritional in nature. There are a number of different uses for land in the ALR, which shows why such a high value is placed on properties within this zone. The possibilities for experimenting with new types of business are plenty. If the land is in the ALR, land uses are restricted and agriculture is the priority use, as stated in the Agriculture Land Commission Act and the Agriculture Land Reserve Regulations.
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