In case you missed it, John talks Subject-free Offers with Global News B.C.’s Hot Real Estate Market In May 2021, John Grasty talked to Global BC’s Anne Drewa about the rise in subject-free offers that are contributing to the hot real estate market in B.C. John is advocating for stronger buyer protection. Telling Global BC, … Read more
BC Property Assessment in 2021 While our minds have been clearly occupied with the pandemic and the political events south of the Canadian border, some of you may have been surprised to see the 2021 BC Assessment mail show up in your mailbox this week. If it slipped your mind with so much going on … Read more
Why are Home Prices on the Rise in Canada? We have all been through a lot in 2020. The housing markets began the year strong, then fell flat in March and April as the pandemic triggered a global lockdown. During the previous quarter, we saw a bit of a slow down in the housing market. … Read more
Welcome to 24260 McClure Drive, in the Maple Crest neighbourhood of Maple Ridge. Why would you want to pay over $50,000 GST on a home? Have you considered lowering your monthly payments with a lucrative mortgage helper? When you buy a house, are you buying the house itself or the neighborhood? Or both? Check this … Read more
Subject to Sale In today’s buyer’s market, we’re seeing more and more clients who want to upsize their homes but aren’t quite sure about the timing and process of selling their current homes. With that in mind, we wanted to share with you some insights and options about whether to buy or sell your home … Read more
Royal LePage Q4 2018 House Price Survey Royal LePage just released their 2018 Q4 House Price Survey results and the news is mixed. Phil Soper, President and CEO of Royal LePage, described the inflation as leading to “…dangerous overheating in our most populous regions” but noted that we are in a correctional cycle. Alex Macpherson … Read more
Unrepresented Parties in Real Estate – Beware Consumers who choose to conduct a real estate transaction without a real estate professional are soon to be known as “unrepresented parties”. Following the Independent Advisory Group Review for the Office of the Superintendent of Real Estate (OSRE), consumer protection has been reaffirmed as the priority in real … Read more
Principal Residence Exemption – 2016 Reporting Requirements For the 70% of Canadians who own a home, it is a place to live, raise a family, and connects them to their community. Due to Canada’s tax system’s Principal Residence Exemption, when we sell our homes, any increased value or “capital gains” are not taxed. This tax break … Read more
What is Your Home and Property Really Worth? Making Sense of the BC Assessment It’s that time of year again. Every first week of January, BC Assessment, a Crown corporation, sends out its annual notifications of property assessments for owners throughout the province. And every January, homeowners scramble to make sense of the assessment. What … Read more
2017 Housing Supply Low in Tri-Cities Here is a snapshot of current figures for the active listings in the Tri-Cities (supply available for sale): At midnight on December 31, 2016, 51 unsold listings expired in the Tri-cities. The combined inventory of housing remaining available for sale to start the New Year is 564 units: Coquitlam … Read more