The Leaky Condo Era in Vancouver
The Leaky Condo Era was a period in the 1980s and 1990s in Western Canada, particularly in British Columbia, where there was a proliferation of high-rise and low-rise condominiums built with defective building envelopes. The problem was mainly due to the use of poor quality building materials, improper construction techniques, and inadequate building code regulations. The result was widespread water ingress and...
Court Ordered Sale Process Vancouver Foreclosure
In British Columbia, a Court-Ordered Sale is a legal process where a court directs the sale of a property to settle a debt or a dispute. The court can order the sale of any property, including land, buildings, and other assets, as long as the owner has a legal obligation to pay a debt or there is a dispute over the ownership...
Buying a home process Vancouver
Here’s a flow chart that shows the basic process of buying a home:
REBGV Market Update March 2023
The latest data from February indicates that potential home sellers in Metro Vancouver are still hesitant to participate in the housing market, leading to lower-than-average sales activity. This has resulted in an increase in the number of available homes for sale in the region. According to the Real Estate Board of Greater Vancouver (REBGV), residential home sales in February 2023 were 47.2%...
Vancouver Property Tax
Vancouver property tax is a key source of revenue for the City of Vancouver. Property owners in the city pay taxes to the municipality based on the assessed value of their property. The tax revenue is used to fund essential services, such as police and fire departments, schools, and public transportation, as well as infrastructure projects, such as road maintenance and the...
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