First Time Home Buyers Advice for Vancouver

Linea By Rize, Availability, Plans, Prices

At A Glance: Linea by Rize at 13318 104 AVE, SURREY, BC Linea By Rize offers Forward-Looking Living in Surrey's City Centre.  A collection of 236 contemporary homes Number of Floors 28 1, 2, 3 bedroom homes and townhouses coming this summer. Sizes range from 474 to 1491 square feet 8'.8" Ceilings Oversized balconies create a sophisticated indoor-outdoor living In the heart of Surrey’s new downtown core. scheduled for completion in 2021 This is your home of the lifestyle you seek, today and tomorrow. A range of livable, family sized floorplans are available, ranging from 474 sf to 1,491 sf - perfect for any stage of… Find out more

Presale condo assignments ARE NOT Shadow Flips and DO NOT push up real estate prices in Vancouver

Recent media articles on presale condo assignments of contract have been full of factual errors and have misrepresented presale assignments as shadow flips. Presale condo assignments ARE NOT Shadow flipping. Let's clarify. What is a Shadow Flip? A shadow flip is when an existing property primarily a single family house or single family house lot is purchased by a buyer under false pretenses. The contract that was used to purchase the property has a clause in it saying that the buyer can assign the contract without the permission of the seller. This practice victimized unsophisticated sellers of single-family houses in… Find out more

Are Foreclosures Necessarily Good Value in Vancouver?

by Jon Lumer Everyone in Vancouver is looking for a deal. Rental rates are jumping to catch up with the sharp increase in property values and many tenants (as always) are looking at home ownership as a way to avoid paying rent to their landlord and start paying it to themselves, or at least their lender. Meanwhile, investors made dizzy by the capital appreciation they've witnessed in Vancouver over the last three years are desperate for a piece of the action or hope to expand their current holdings. Many of these potential buyers, be they first-time home owners or investors,… Find out more

November 2016 Real Estate Board of Greater Vancouver Statistics Package with Graphs & Charts

November 2016 REBGV Stats Mike Stewart Vancouver Realtor from Mike Stewart   Home sales and listings just below 10-year average Home buyer and seller activity remains near historical averages in the Metro Vancouver housing market. Residential home sales in the region totalled 2,214 in November 2016, a decrease of 0.9 per cent from the 2,233 sales recorded in October 2016 and a decrease of 37.2 per cent compared to November 2015 when 3,524 homes sold. Last month’s sales were 7.6 per cent below the 10-year sales average for the month. “While 2016 has been anything but a normal year for… Find out more

Leaky Condos, Rainscreening, and Buying an Older Condo in Vancouver

There are very few expensive risks in the real estate market here in Vancouver. Buying into a building with a bad envelope or leaky condo is one of those few extremely expensive risks here in Vancouver. Why there are Leaky Condos in Vancouver Here in Canada the federal government changed the building codes in the early 1980s to increase the Energy Efficiency of buildings in response to the energy crisises of the 1970s and 1980s. Basically the federal government mandated that between 1981 and 1999 buildings should have airtight or sealed walls. Traditional building technology in Canada allows for breathable… Find out more