Fire insurance facts

(August 12, 2018, posted in Tips)

More than 500 wild fires are burning throughout BC, with evacuation orders and alerts affecting hundreds of people.

During this crisis, it’s important to understand what you should expect from your insurance.

First, existing insurance policies and renewals aren’t affected.

Second, while insurance underwriters follow their own companies’ guidelines, expect that where evacuation orders or alerts exist... read more.

consequences for short-term rental violators

(August 11, 2018, posted in Tips)

Strata corporations will have new powers to pass bylaws restricting or banning short-term rentals and fine non-compliant owners or residents up to $1,000 a day because of changes to the BC Strata Property Regulation.

The goal is to help strata corporations deal with the noise, mess, and security when strata units are rented short-term, and to keep long-term rentals in the market.

The change will tak... read more.

cmhc to help self-employed with mortgage

(August 10, 2018, posted in Mortgage misc)

If you are self-employed, you're part of a growing trend.

About 15 per cent of Canada’s workforce is now self-employed, a group that typically finds it more difficult to qualify for a mortgage because their income may vary or be less predictable.

As of October 1, 2018, Canada Mortgage and Housing Corporation (CMHC) mortgage loan insurance will be available to lenders helping self-employed borrowers... read more.

what's the real estate market doing?

(August 09, 2018, posted in North Shore)

In West Vancouver, there were 32 sales in the month of July. The sales to new listings ratio was 28% which represents a buyer’s market. For July 2018, the sales to total active listings percentage was 6%, a decrease from 8% in July 2017. Sales for July 2018 were down by 9 units compared to July 2017.

The West Vancouver listing inventory has decreased by 45 homes compared to June 2018 and increased... read more.

changing real estate landscape

(August 08, 2018, posted in Vancouver Metro Real Estate)

July’s residential housing sales reached their lowest level since the year 2000.  Let’s take a closer look.

REALTOR® 's rgistered just over 2,000 sales on MLS in July.  This is a 30% decline from the same period last year and 29% below the 10 year July average.

Summer is traditionally a quieter time of the year for real estate. This is particularly true this year with increased mortgage rates, stricte... read more.