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Tips Strata Insurance Requirements Strata Insurance – What is the Strata Corporation Required to Insure? All strata corporations in BC, regardless of size, must obtain property and liability insurance, including bare land strata corporations and strata-titled duplexes. Property Insurance The strata corporation’s property insurance must be for: Common property Common assets Buildings shown on the strata plan, and Fixtures built or installed on a strata […]
Happy New Year – 2023 Market update!   Happy New Year! We would like to share our December 2023 EYE ON THE MARKET!  Home sales in the Fraser Valley dropped six per cent in December, capping off a year that saw the lowest annual sales recorded in the Fraser Valley in 10 years. High interest rates kept a lid on sales in […]
Home Buyer Rescission / Cooling off Period The BC Government has implemented a 3 day Home Buyer Rescission Period. Home buyers will now have 3 days after offer acceptance to change their mind – If the Buyer rescinds their contract during the 3 days they will have to pay a penalty to the Seller of .25% of the agreed upon purchase price. […]
Foreign Buyer Ban for 2 years (to 2025) The Federal Government has imposed a Foreign Buyer Ban on residential real estate in Canada. Starting in January 2023, non-Canadians will be banned from buying homes across Canada, through the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This Act prohibits non-citizens and non-permanent residents from purchasing residential property in Canada for two years. The Act […]
Strata Bylaw Changes BC Government forced bylaw changes to Stratas: Rental Restriction bylaws are no longer enforceable (HOWEVER, you can make short term / Airbnb restrictions) Age Restrictions other than 55+ are no longer enforceable All meetings can be held electronically (even if you do not have a bylaw allowing this) These changes came into effect on November […]
New Cooling off Period for Buyers Jan 1, 2023 the BC Provincial Government enacted legislation giving Home Buyers a 3 day Rescission Period – This involves residential real estate, it cannot be waived and should the Buyer exercise their right to rescind the contract they will pay a penalty to the Seller of .25%  of the purchase price. Check out this […]
Market Update Changing Market – April Eye on the Market 2022
Tips Tips for First Time Buyers 5 tips for the first-time homebuyer REALTORS® are the MVP of a home buying team: I believe working with a REALTOR® will put the buyer at an advantage over other buyers attempting to DIY the largest transaction of their lives. Ann & Julia are not only knowledgeable about the latest developments in real estate, but they […]
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Century 21 Coastal Realty Awards Congratulations #1 Office in the World – 2021 Proud our office is #1 Globally for 2021!
Vancouver’s Real Estate Outlook for Fall 2021 Ann & Julia continue to believe our market will be busy throughout the rest of 2021 with the low interest rates calling out buyers and a very low supply of listings continuing to make our market busy.  I thought I would share this excellent article which reflects insight into the future of Vancouver’s real estate […]
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