Auction vs. Realtor
Earlier this month, Kelowna made international news when a mansion previously listed at $6.5 million was put up for auction by Platinum Luxury Auctions. The 10,000 sq. ft. home, set on a scenic 14.5 acre lot, sold for $3.27 million - just over half its valuation -...
Dual Agency Law Changes
Michael Noseworthy, British Columbia's superintendent of real estate, has put in place changes that will see the end to dual agency. This practice, also called 'double-ending', is when one real estate agent represents both the buyer and the seller in a single sale....
BC’s Market at Center Stage
British Columbia's real estate market continues to turn heads as reports roll in analyzing the successes of 2016, as well as new activity surrounding the foreign buyer taxation regulations, and reports of a record-breaking February. The BC Supreme Court recently ruled...
Foreign Buyer Taxation Changes
In 2016, a new form of taxation was introduced by the Canadian government in an effort to slow down the rapidly inflating Vancouver housing market, which saw large amounts of foreign buyer activity. This week, new changes to this same foreign buyer tax will be...
Reviewing Mortgage Regulations
You may have heard that new mortgage regulations are coming to effect, and are probably asking how this might impact you as a buyer, seller, owner, or any combination of these. Well, here's a little summary to help clear things up for you. Currently, the best...
