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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New property listed in Willoughby Heights, Langley

I have listed a new property at 42 20350 68 AVE in Langley. See details here

Welcome to SUNRIDGE, the prime location in Willoughby Heights. This spacious 1463sqft, 2-bedroom, 2-bathroom townhouse features a WALK OUT GARDEN ON THE MAIN FLOOR, perfect for entertaining. The home offers an open concept main floor with a flex family/dining area, living room, dining room and a renovated kitchen including a grand centre island, stainless steel appliances and gas stove. The primary bedroom upstairs has an...

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BC’s Leaky Condo’s

The "leaky condo" crisis in British Columbia refers to a period from 1984 - 1999 when numerous multi-unit residential buildings experienced widespread water ingress and building envelope failures, resulting in extensive damages and costly repairs. As a result of this crisis, significant changes were made to the British Columbia Building Code (BCBC) to address the issues and improve building standards. Some of the changes made to the BCBC following the leaky condo disaster include:

  1. Building Envelope...

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Exploring the Appeal of Pre-Construction Properties in the Canadian Real Estate Market

In recent times, Canadian homebuyers have demonstrated a growing fascination with the idea of acquiring pre-construction properties as a refreshing alternative to the conventional resale transactions. While historically, pre-construction properties were primarily snatched up by investors, this trend has now become equally enticing for end-user buyers who cherish the prospect of owning a brand-new home and the flexibility to await its completion.

One of the most significant advantages of pre-construction...

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Factors That Do Not Determine the Value of Your Home.

When it comes to determining the value of your home, it's important to separate fact from fiction. Many homeowners have misconceptions about what truly influences their property's value. While some factors might seem like logical indicators of a home's worth, they often have little to no bearing on the actual market value. In this blog post, we'll delve into some common misconceptions about home value and shed light on what truly matters in the real estate market.

1. The Amount You Need to Buy Your...

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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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Official release of the final homes at VIVA

Viva just released its final homes for sale. Located in Sullivan Ridge, once of the most desirable residential neighbourhoods in Surrey. Conveniently located 35 minutes from Burnaby, 35 minutes to Richmond, 30 minutes to Langley and 20 minutes to the USA border.  A commuters dream close to schools, restaurants, transit and just 4 blocks to Sullivan Square shopping centre.

Viva features a beautifully landscaped courtyard and has a selection of Studio, I bedroom and junior 2 bedroom suites...

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JUST SOLD - 404 -20110 Michaud Crescent Langley

Sold over asking ~ 1003 sqft top-floor two-bedroom, two-bathroom condo at the REGENCY TERRACE. A bright northeast facing, corner unit in the heart of Langley City Centre with expansive windows, an extra-large wrap around deck, great for soaking up the views and features a cozy kitchen with pantry, gas fireplace, and separated bedrooms. Building amenities include a recreation room and fitness centre. Conveniently located overlooking Linwood Park with playground and dog...

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JUST SOLD - Unit102 - 15270 17AV Surrey

The ultimate adult lifestyle, South Surrey! This stunning bright 2 bed + den boasts one of the largest units in the complex & has been fully updated to perfection! You'll love the maple hardwood flooring, custom window coverings, crown molding, cozy fireplace, large formal dining area & an amazing kitchen complete w/ updated cabinetry, quartz counters, & stainless steel appliances. King-sized primary bedroom features a generous ensuite w/ a double vanity, glass shower, & soaker tub,...

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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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Do you know how to shut off the main water valve?

Home inspectors will walk you through the home, show you where to locate the main water shut off valve and what to do in an emergency.

Ensuring that everyone in your household knows the location of the main water shut-off valve and how to operate it is crucial. Water leaks can happen at any time, and there have been instances when parents are away from home during such emergencies. To prevent extensive water damage, it's essential to show your teenagers, babysitters, and house sitters the location...

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Buying a Strata? Understand the depreciation report estimates!

Depreciation Reports or Reserve Fund Studies are a useful tool that enable strata corporations to better plan for future repair and/or replacement, and maintenance of common property and common assets over the life of the assets. 

Special levies are a fact of life when buying into a strata, you will never completely avoid it. As an owner you should view these as an investment in the maintenance and of your home. However no one wants to purchase a home and immediately be saddled with...

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JUST SOLD - 6348 187AST
 
When the condition and the price are right there is still a lot of demand! The result of this sale could not be more perfect. The new owners get a fabulous home on a large lot in Eaglecrest, sellers are delighted! Congratulations to my wonderful clients for being such a pleasure to work.
Fabulous Eaglecrest location. This spacious 2766 sqft home features two levels of living space with four bedrooms up and a den or bedroom on the main floor, an open concept kitchen and family room, stainless...
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Just Listed in Cloverdale - 6348 187A Street, Surrey

Fabulous Eaglecrest location in Surrey. This spacious 2766 sqft home needs a new family to make it their own. Features two levels of living space with four bedrooms up and a den or bedroom on the main floor, an open concept kitchen and family room, stainless steel appliances, a 4ft crawl space for storage and room for six cars. A beautiful solarium added so you can enjoy your patio all year round. Large garden so bring the kids, pets and your gardening ideas! Don Christian Elementary School and Lord...

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What area is included in the total square footage?

A common complaint from Buyers after the sale is the inaccurate measurement of the floor area. For single family homes, the floor area calculations are based on the exterior dimensions of the building at each floor level and include all interior walls. For attached units, the outside dimension is the centre line of the common walls. It’s easy to see how some may view their outdoor patios or solariums as extensions of their living space, providing valuable additional square footage. While...

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First-Time Homebuyer Programs and Tips

Speak to a mortgage professional; having your mortgage pre-approved is an important step in the process and benefits you in three ways:

- Pre-approval helps verify your budget and allows your real estate agent to find the best home in your price range. Quick Tips: It's not a pre-approval if you haven't provided the documents to your lender. Don’t forget about the closing costs! Factor in approx. 2% of the purchase price. 

- Pre-approval is usually in writing and guarantees the rate...

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Smart tips to help you sell later

If you're not quite ready but think you might move in a few years, there are things you can do now to prepare your home for when you are ready to list. 

*Upgrade. In a balanced market where you are competing with many other properties for sale. Buyers pay attention to homes with unique value-adds, such as upgrades to kitchens and bathrooms, so focus on those eye catching projects as you prepare your home for sale.
*Look for ways to save energy. Todays buyers are interested in money saving, energy...
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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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