Navigating the Landscape: Understanding Real Estate Taxes in British Columbia.

n the dynamic realm of real estate, potential buyers, sellers, and investors in British Columbia must be well-versed in the intricacies of taxation to make informed decisions. Various taxes can impact real estate transactions, shaping the financial landscape for both individuals and businesses. In this blog, we will delve into the key taxes that may affect real estate transactions in British Columbia.

[NEW] Flipping Tax

Starting in 2025, the BC Home Flipping Tax is a 20 per cent tax on the gain from...

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Here are some New Year's resolutions for home buyers

Buying a home is a significant milestone in one's life, and it often comes with a list of resolutions to make the process smoother and more successful. Here are some New Year's resolutions for home buyers:

1. Save for a down payment: Start the year off by creating a budget and setting aside money specifically for a down payment. This will help you reach your goal faster and make the home buying process more manageable.

2. Improve your credit score: Your credit score plays a crucial role in the mortgage...

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Top Reasons for Purchasing a Home: Building Equity, Meeting Needs, and More

Owning a home is a significant milestone that many people aspire to achieve. The decision to transition from renting to homeownership is not to be taken lightly, as it comes with both financial and emotional implications. If you find yourself contemplating this monumental step, here are some compelling reasons why purchasing a home might be the right move for you.

1. To Stop Renting: The End of Endless Rent Payments

One of the most common motivations for purchasing a home is the desire to put an end...

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Buying a home that was built prior to 1980

Are you in the market to buy a home in British Columbia? If you're considering purchasing a home that was built prior to 1980, there are some important things you should be aware of. Homes built before this time period may have unique features and potential issues that you need to consider before making a decision. In this blog, we'll explore some key factors that home buyers should be aware of when buying a home in BC that was built prior to 1980.

  1. Building Codes and Regulations: Building codes and...

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7 Tips to Navigating the Buying Process
While most buyers expect to live in their homes an average of 14 years, the typical tenure is close to nine years. That means the average buyer will go through the process of buying a home about once a decade. The real estate market is always changing - the process of buying a  home has evolved in the past decade, here are a few tips to help you navigate through it.
Give a real estate professional a call as soon as you start thinking of buying. A real estate professional can provide valuable guidance...
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The average buyer visited or considering 10 homes before buying.

For the majority of homebuyers, finding the right property to buy is often the most difficult step of the home buying process, more difficult than saving for a down payment or getting a mortgage. Before you start you search, consider these four important factors. The average buyer visited or considering 10 homes before buying. 

-How much house can I afford? Knowing what you can afford will help you narrow your search to homes within your budget. Make a list of expenses you’ll have when...

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This Old House - 7 Typical Issues with older homes
Few modern homes can beat the charm and character of Canada’s homes built before the twentieth century.
Natural wood beams and trim, built-in cabinets and cozy bedroom alcoves are only a few of the features that make older homes special and attractive to many home buyers. Yet along with their appealing style and atmosphere, many of these houses also possess an array of ailments and conditions specifically because of their age. The Canadian Association of Home & Property Inspectors...
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Protect yourself: Annual Strata water deductible review
SOURCE: Insurance Brokers Association of BC
The majority of strata Annual General Meetings are coming up over the next few months presenting an ideal opportunity for strata lot owners to verify that their home owner insurance policy water deductible coverage matches that of the strata corporation's master building policy and if not advise their insurance broker immediately. 

The BC Strata Property Act requires that any AGM Notice includes a copy of the strata...
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Buying the Home Everybody Wants

When you’re shopping for a home in Sellers market, you may become interested in a property for sale that several other buyers are interested in. What should you do if you really love that home? Obviously, you’ll need to move quickly and make some fast decisions. Start by making certain the property fits within your price range. The last thing you want is to have an offer accepted and find out it is beyond your budget. That’s why it’s a good idea to arrange for financing...

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Beyond Boxes: Packing Materials You May Need.
As you can probably guess, when you're preparing to move, you'll need boxes and tape — and, perhaps some bubble-wrap or old newspapers to use as protective wrapping for delicate items.
But that may not be all you need. Take a look at this list and see if you'll want any of these on hand while you’re packing or on moving day.
  • Colour markers for labelling boxes. (Tip: Colour coding boxes by room will make unpacking much easier.)
  • Stretch wrap to protect larger items that can't fit into a box....
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Buying a Home that Needs Some Work

When you’re shopping for a new home, you probably want the property to be as “move in ready” as possible. That way, you can... well... just move in!

However, there are a lot of fantastic properties on the market that need some work. For example, you might see a home that has everything you need, but the kitchen is long overdue for a renovation. Or, you might view a property that requires a lot of repairs and painting — tasks that, at first glance, seem overwhelming.

You don...

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When it Comes to Offers, it’s Not Always about Price

When considering which of two or more competing offers to accept for your home, there is no doubt price will play a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket.

However, price isn’t the only thing you should think about when comparing multiple offers. There are other factors you need to consider too. For example, you’ll need to think about the impact of any conditions that are...

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Finding and buying a home when you're already super busy
Finding a New Home when You're Busy, Busy, Busy!
Imagine you have a major project at work, you have to deal with home schooling and you still need to deal with groceries, laundry and dinner. Whoa! That's a busy life. Can you still find and buy a new home with such a tight schedule?

The good news is, you can. In fact, there's plenty you can do to save time. Consider these tips:
• Get specific about the home you want to buy. Think about property type (for example, "two story, detached"), number...
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Buying waterfront property. Know the risks!

What kind of waterfront did you have in mind?
The type of waterfront to buy is the first decision you’ll have to make; enjoying a vacation once a year at the beach doesn’t mean you’ll enjoy dealing with wind and beach sand on your patio every day. Not all lakes, rivers are created the same, some are conducive to recreational activities, others are not. Know why you are buying waterfront; more importantly what kind of lifestyle are you hoping to achieve.

- Research the area, the...

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