Your home inspection isn’t foolproof Mike Holmes The Province I hear the horror stories all the time. People email me saying their home inspector missed this, or that. But the truth is, a home inspector can’t catch every single little thing that’s not right with the house. Imagine the size of the report after THAT […]
Condo Smarts: When parking goes sideways Tony Gioventu The Province Dear Tony: Over the past two years, our strata council has created a bit of a parking fiasco that has evolved into a full-blown war with owners. In 2015, we had an owner submit a special request for the special needs parking space close to […]
Starting September 17 new property transfer tax needs more info Canadian Real Estate Wealth The British Columbia government is closing a loophole in an effort to avoid tax evasion in real estate. It says buyers, including real estate speculators, will have to disclose more complete information when they purchase a property through a corporation or […]
Consumers have a negative outlook on the Canadian housing market Steve RandallCanadian Real Estate Wealth Consumers have a more negative outlook on the Canadian housing market and it’s the government’s fault. That’s a key finding of Mortgage Professionals Canada for its Report on Housing and Mortgage Market in Canada, which reveals that the effects of […]
The housing market issue is of concern in the combination of elevated household debt and rising housing prices Steve RandallREP There are many good things to say about the Canadian macroeconomic situation: low unemployment, inflation on target, and solid growth forecasts. But the OECD still has two key issues with Canada – and one of […]
New rental zoning laws implemented by Burnaby REP The City of Burnaby says it will be the first in British Columbia to take advantage of the province’s new rental zoning laws. The city says in a news release that it will begin implementation of a rental zoning bylaw aimed at maintaining rental stock at affordable […]
Tale of the tower: mountain view versus rentals Mike HowellVancouver Courier What began as a debate at city hall Tuesday about a proposed 400-foot tower intruding on views of the North Shore mountains turned into a political battle over the need for rental housing. In the end, the ruling Vision Vancouver council voted 6-3 to […]
Revenue agency asked to verify incomes for mortgages Steve RandallCanadian Real Estate Wealth The CMHC wants the Canadian Revenue Agency to provide more robust verification of incomes stated on mortgage applications. The call comes following an investigation by the CMHC into the correlation between incomes stated on mortgage applications and those reported to the CRA. […]
Seniors benefit from renting out rooms to students Adina BresgeREP After her husband died, Elizabeth Hill says she would lay awake listening for bumps in the night in her eerily empty home _ so to get some shut-eye, she decided let a stranger live with her. Since then, the 75-year-old has compiled seven “guest books” […]
Land is ?the new gold? ? and B.C.’s Fraser Valley the motherlode Frank O’BrienWestern Investor British Columbia’s Fraser Valley is in the midst of a land rush that has driven prices up three-fold in the last two years and helped make land the dominant real estate investment in the Lower Mainland. In the first quarter […]