6 Important Changes Coming to the BC Real Estate Market in 2023
Posted on Dec 23, 2022 in Resources
Wishing you a wonderful and safe holiday with your family and friends! Thank you for entrusting me with your real estate needs and your continuous support! Before we head into the new year, here are 6 important changes coming to the BC real estate market in 2023!
1. CANADA'S FEDERAL FOREIGN BUYER BAN
Foreign Buyers will not be able to purchase reside...
Everything you need to know about the Home Buyer Rescission Period
Posted on Dec 22, 2022 in Resources
Starting January 3, 2023, the new Home Buyer Rescission Period ("HBRP"), also known as the 'cooling-off period' will come into effect. Here's what you need to know as this will impact all residential home sales in BC!
Buyers will have the right to withdraw from an accepted purchase contract within three clear business days. The province claims that...
The BC Rental & Age Restriction Bylaw Ban
Posted on Dec 20, 2022 in Resources
As of November 24, 2022, the BC provincial government passed new legislation which immediately overrides any strata bylaws restricting rentals in their building.
This the provincial government's attempt to create more housing availability by allowing thousands more empty condos and townhouses across BC to now be rented out.
However, strata corporatio...
3 Reasons Why the Vancouver Real Estate Market Won't Crash
Posted on Nov 25, 2022 in Resources
To the people who are waiting for a real estate crash to happen in Vancouver, I have some bad news for you...and here are 3 reasons why you won't see it happen:
#1 Immigration
#2 Strong Rental Market
#3 Low Inventory
Canada's Foreign Home Buyer Ban
Posted on Oct 25, 2022 in Resources
Starting on January 1, 2023, foreign home buyers will not be able to purchase residential real estate in Canada for a period of 2 years. Here's what you need to know:
This legislation was created to:
- Reduce foreign money coming into Canada to buy residential real estate
- Establish penalties for anyone who helps a non-Canadian to violate this law
- Cool th...
HUNGER GAMES: Vancouver Rental Market
Posted on Sep 23, 2022 in Resources
The Vancouver rental market is like the Hunger Games because so many people are trying to rent right now!
But for the people who were in the market to buy over the last few years and are jumping into the rental market now because inflation and interest rates have risen.... do you know what the average rent for a 1 bedroom unfurnished condo in Vancou...
