A friendly reminder to our clients!
You would have received your "declaration" package in the mail mid-January to mid-February and a prompt to claim an exemption from the speculation and vacancy tax. We understand during these current exceptional events our country and the world is experiencing, it may have been put off or forgotten. We would like to this time to remind you that you have until March 31st to claim your exemption.
One of the most complex transactions most consumers will ever complete is buying a home. Therefore it is very important to understand what you are getting into. The following is a list of some common real-estate terminology and their definitions to help you on your way...
Buying a home is one of the most important investments of a lifetime. The Department of Finance has confirmed that as of April 6th, 2020, home buyers getting insured mortgages will have a much easier time qualifying.
I see the housing market in BC continuing to be stronger in 2020 and I expect we may go back to a more typical year of home sales as markets recover from the policy-induced slowdown of the past two years.
Insurance companies are hiking building insurance premiums to unprecedented levels causing a severe impact on consumers in the condo sector in B.C.
We are often asked what are the most important areas of the home to renovate when it comes time to sell.
Strategic upgrades will increase the value of your home and they don't have to be major renovations. We have compiled a list that will go a long way in improving the value of your home and appeal to buyers.
The following 10 home upgrades range from DIY to more major renovations.
2019 Housing Market ends on a positive note with growth expectations for 2020.
Sales of single-family homes in December increased by 40% from one year ago and were 24% lower than in November.
Have you ever been reading through your Nanaimo title search for a property you’re interested in purchasing and wondered what the section entitled Exceptions and Reservations – Esquimalt and Nanaimo Railway Company means? Well we actually see this on title for most of the homes in Nanaimo so here’s an explanation for you.
Downsizing a home can seem very overwhelming but there also can be a certain joy in scaling back and decluttering one's life. Going through the process can actually be very satisfying. Think of it as a walk through history, a wonderful opportunity to be generous and a chance to discover less is more! The joy of downsizing can be a very rewarding new chapter in your life to do the things you really want to do without the commitment a house and yard can bring.
As 2019 winds up we are witnessing conditions that reflect seasonal norms. 2020 will see a tightening of inventory which will balance supply and demand. With more clarity, interest rates projected to hold, we expect this momentum and sustained demand to carry through into 2020 and the latest outlook from the Conference Board of Canada forecasts real GDP growth of 1.8% for 2020 and 1.9% in 2021.
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