Category Real Estate

Antidote to Chaos

5038 Arbutus Street
Sometimes we forget to stop and appreciate just how good we have it here on the West Coast. Some of the most beautiful real estate in the world. This house is located in the Quilchena subarea of Vancouver West. The discovery of homes such as this, is one aspect I love about the profession. Even moreso, working with people that find the same joy in the process.

Investor Boom

Investors Ontario Real Estate Market
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).

Cooling Off

BCFSA cooling off period real estate
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.

Buying Farmland in British Columbia’s ALR

Agricultural Land Reserve Map
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.

The Virtual World of eXp Realty

eXp Logo

eXp Realty, The Real Estate Cloud Brokerage, is one of the fastest-growing global residential real estate companies, and the largest by geography in North America. The international LLC was founded in 2009 by Glenn Sanford, and is a subsidiary of…