A fundamental shift in real estate as a result of the COVID-19 pandemic is REALTORS® fully leveraging technology to ensure the real estate processes remain safe and transactions can continue to take place. It is now easier than ever to to get a good feel of a home before ever setting foot within the property…
In light of new public health orders by the Provincial Health Officer on November 19, our REALTOR® association, BCREA, encourages REALTORS® to continue COVID-19 conscious business practices, which includes using virtual tools when possible, to market, show and view properties to help slow the spread of COVID-19. The following are a couple of sample showing…
The Land Owner Transparency Act1 (LOTA) came into effect on November 30, 2020, and with it, the Land Owner Transparency Registry (LOTR). Now, with every change in title to a property in British Columbia, a transparency declaration must be filed with the Land Title and Survey Authority of British Columbia (LTSA). Individuals acquiring an interest…
In its simplest form, title insurance protects the lender and homeowner against a number of risks related to the property’s title or ownership. What started years ago as a replacement for a survey certificate has now become standard on real estate purchase or refinance transactions. If you are buying or refinancing your home, expect title…
Before a buyer even steps through your front door, you’ve created a first impression. Keeping the outside of your home clean and tidy improves your home’s curb appeal and will make a difference when you’re looking to sell. Here’s six ways you can make your home look great and improve its resale value without spending…
Helpful Advice: Get the basic knowledge you need before buying a home, plus useful advice to guide you throughout the process. Find it all here. Home Listings on the Internet: Visit REALTOR.ca to view the latest home listings on whatever computer or device you’re using. Home listings app for your phone: Add our REALTOR.ca app to your phone to give…
Helpful Advice: Get the basic knowledge you need before selling your home, plus useful advice to guide you throughout the process. Home listings on the Internet: Find out at what price comparable houses in your area are listed. Visit REALTOR.ca to view the latest home listings on whatever computer or device you’re using. Home listings app for…
Introduced earlier this summer, the Canadian Mortgage and Housing Corporation (CMHC) implemented new underwriting criteria (eligibility requirements) to apply for homeowner transactional and portfolio mortgage insurance. These new adjustments from CMHC come as a precaution while the COVID-19 pandemic continues to impact consumers in the real estate market and many other aspects of day-to-day life. The following changes have…
BC Assessment just released its 2020 assessments. The provincial agency appraises all properties, almost two million province wide on an annual basis. The assessment is an estimate of a property’s market value as of July 1, 2019 and physical condition as of October 31, 2019. BC Assessment said changes in property value reflect movement in the…
If you’re planning to buy a strata property and you have furry or feathered friends, find out whether pets are allowed and if there are restrictions. Under the Strata Property Act and Regulation, strata corporations can restrict owners and tenants from keeping pets or certain kinds of pets through the bylaws of the strata corporation. Pet…
