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Found 263 blog entries tagged as sellers.

Canadian Rent Pricing

Overall, 8 cities saw an upward trend, 3 downward, and 13 remained stable last month. While more than half of the total cities continued to have flat monthly growth rates, the cities that experienced an upward trend actually more than doubled when compared to the previous rent report. As the hot moving season begins, we should expect to see rents grow on a monthly basis.

The top 10 markets saw some slight adjustments with Barrie outpacing Victoria to rank in the top 5 markets again and St. Catharines jumping up 3 positions to rank in the top 10 as 9th.

Notably, Windsor had the fastest growing rent in the nation last month, up 5.3%, while Halifax and Kelowna took the largest rent dips, both down 3%.

Top 5 Most Expensive Markets

  1.  Toronto,
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Real estate association offers optimistic forecast, saying buyers are gradually “adjusting” to mortgage stress test

Home sales in B.C. are likely to rise slightly this year, and more in 2020, according to a forecast released February 25 by the B.C. Real Estate Association (BCREA).BC home sales 2019

 

The association said it expects residential sales in the province to rise two per cent to 80,000 units this year. This follows a slow 2018 in which 78,345 homes traded hands on B.C.’s MLS®, which was 24.9 per cent lower than in 2017.

BCREA also predicted home sales to increase a further 6.9 per cent to 85,500 units in 2020. This would be a very normal level of activity, as the 10-year average for home sales in the province is 85,800 units.

 

The association

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Kelowna oil tank removalMany homes in the Kelowna area built before 1957 were originally heated with furnace oil. When natural gas became available, the oil storage tanks, which were normally located underground in backyards, were filled with sand or capped.

However, as these unused buried oil tanks start to corrode and rust, the remaining oil can leak out and flow onto the rest of the owner's property, the neighbour's property, storm sumps and waterways, resulting in contamination of soil and water. Apart from the negative financial impact on the market value of the property, the owner can face substantial legal liability under various statutes and bylaws for such contamination.

The BC Fire Code and bylaws of twelve municipalities (including the City of Vancouver) all

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Canadian Real Estate and MarijuanaUnder new federal legislation, Canadians will be able to grow up to four marijuana plants in their private residence.

But a lack of protections and awareness could cost them thousands – or even their mortgage.

Sentiment on smoking and cultivating marijuana at home still largely negative, finds new Zoocasa survey.

With the new cannabis laws coming into force, would growing pot at home reduce your property’s value? What about smoking weed at home? Do you think a new cannabis store in the neighbourhood would help or hinder a home sale? A majority of Canadian homeowners (64 per cent) believe that a home where the owners smoked pot would see a decreased value, according to a survey released October 16 by real estate website Zoocasa.

And 57 per cent

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Divorce and real estateAre you thinking about a separation from your spouse? How does that effect real estate?

Then you need to know the legal ins and outs when it comes to separation under Canadian law. This article will go over some ideas that many people have about separation so that you will know exactly what your Separation Agreement must include.

Always take professional legal advice

There is much to consider during a divorce, but one of the most basic questions is “Who gets what?” For some couples the division of property can get very messy, while others are able to deal with it quickly and easily. Under Canada’s Constitution, each province and territory is responsible for laws regarding the division and/or equalization of family or marital property, and these

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Kelowna Real EstateBC Assessment notices arrive in the mail, giving some homeowners a big smile and a bit more spring in their step (increased property taxes aside), while others wilt and lament at a modest gain or decrease in assessed value. Do these numbers make you more interested in selling your home?

Wait a sec. Neither this assessment document, nor either parties’ emotions, are tied to a current true market value. In fact, provincial property assessments can be significantly too high or too low. Values are determined in July of the previous year, and properties are rarely visited in person by provincial appraisers.

For this reason, provincial property assessments should never be solely relied upon as any sort of relevant indicator of true market value for the

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BC real estate newsFact or fiction in BC Real Estate.

The industry has been booming for well a while now. Low inventory has created bidding wars and fixer-uppers in some major cities are hitting seven figures. So how do you keep your head amid the frenzy? How can you wade through all the clutter and the chatter to suss out the info you need to make wise decisions?

How to interview your Realtor CLICK HERE

Well, you always have us in your back pocket. In the meantime lets look at some of the common misconceptions that we have all heard in real estate transactions.

Kelowna Real Estate#1: Question: Real estate contracts are standardized so just sign the paperwork and work out the details later.

Answer. Not on your life,. Each real estate contract is as unique as the pink and black

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Fact or fictionYou will often here real estate agents say your first offer is usually your best offer.  Now is this really a cliche or is it fact?

As a real estate agent, I can tell you this statement is mostly true.  It is not just a cliche and I am going to go into why “your first offer is usually your best offer” is often correct.

All to often sellers will be very adamant when a listing first comes on the market.  Activity is good and the home seller is feeling confident. Go back to when your agent gave you pricing on your home.  A real estate agent will give a range a home is worth.  It is just human nature that a home seller only remembers the high side of the range and automatically lists at that price or even a little higher. 

In no way I am suggesting

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Sellers or buyers market in KelownaWhether you are thinking of buying or selling a home in Kelowna, understanding the current market is crucial.

You need to know if you’re in a buyers’ market or a sellers’ market because that’s going to affect how your property is marketed and how much money you’re going to get for your home. If you understand the market, that will tell you what your home is worth and what you can expect if you’re a seller. If you’re a buyer, it is going to tell you what the appropriately priced offer on the property would be.

If you are looking to sell or buy in Kelowna then why not have a read and see our tips or buyers and sellers

Currently in Kelowna (July 2018) we are in a seller’s market. In a seller’s market, you’re much better off listing your property at

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New Consumer Protection Rules:  Information for Consumers

BC real Estate CouncilThe Superintendent of Real Estate has announced new rules for real estate licensees (Realtors) that will change the way a real estate professional can provide service to consumers. Under the new rules, real estate licensees will be required to:

  • give consumers more information about commissions and fees —  in particular, how the commission is to be divided between a listing brokerage and cooperating brokerage, or when there is no cooperating brokerage, retained by the listing brokerage;
  • before working with consumers, inform them of the duties and responsibilities owed to clients and unrepresented parties;  
  • inform unrepresented consumers of the risks of dealing with a licensee who is
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The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. REALTOR®. Member of CREA and more.

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