Here are 2 great tips if you are thinking of becoming an Investor in the Real Estate Market:1. Think about future expectations and ask an accounting expert for advise: Are you looking for a rental property with positive cash flow? How long do you want to hold the investment property? What is your expected return on your investment? Banks in Canada typically require 35% downpayment on ...

Do I have to pay GST on a re-sale unit that has never been occupied? Most people don’t know this, but if the unit has been left unoccupied, it is still considered new upon resale of the unit. The federal government considers this transaction a transfer of unoccupied inventory from one developer to another, so GST would be payable upon the resale transaction. So if you are writing an offer on ...

It's very sad to hear that over 2100 home foreclosures are now located across Alberta, according to the registry at the Court of Queens Bench of Alberta. In 2015, Calgary foreclosures reached 839 units and was the city with the highest number of foreclosures in the Province. The homes foreclosed on range from $94,500 to $1.5 million. We hope the oil and gas industry turns around soon for our ...

Sometimes it helps to see the global perspective to understand how Vancouver home costs stack up in the international real estate investing market. I'm sure most of you will be surprised to know that Vancouver currently ranks 10th in the international residential price per square foot cost list. Prices per square foot in Canadian Dollars are for these top 10 Cities: Monaco $9,000, Hong Kong $ ...

Are you ready? The City of Richmond is hosting Emergency Preparedness workshops at several of our local Community Centers. These workshops will teach you about the risks, how to make an emergency plan and what to do in an emergency or disaster.  For more info: http://www.richmond.ca/newsevents/city/emergencypreparedness23feb2016.htm?CID=E01

Shred it and Recycle it all on March 5th! This is an awesome Fundraising Event and will help you de-clutter all at the same time. Bring and Shred all your old documents for the U15 Richmond Girls Soccer Team on Saturday March 5th, from 10-2 pm, in the West Richmond Rec Center Parking Lot at No. 1 and Francis. They can shred CD's, full binders, photos, credit cards and more. No need to remove ...

The BC Minister of Finance has announced several changes to the Property Transfer Tax program, effective February 16, 2016, which include:--a property transfer tax exemption for Canadian citizens and permanent residents who purchase newly-built homes, condos and townhouses under $750,000. Purchasers must live in the property for at least one year. This is a potential savings in closing cost ...

New life for the old Vancouver Police Station on Main Street as the City of Vancouver has designated this 100,000 square foot site as a Tech Hub. Their goal is to bring in digital start up companies, clean-tech companies, non-profit organizations and micro-enterprises under one roof.

Should you enter into a bidding war on a property without a home inspection? It is easy for buyers to put themselves and their investment at risk by doing whatever they can to stay competitive in bidding wars. However, a home inspection can help you understand potential future expenditures and any immediate issues in the home. A home inspection may save you some financial losses in the future ...

Vancouver Airport Authority are requesting Board approval for a $400 million terminal expansion project that would add 10 gates and process 25 million passengers by 2020 to YVR. They are also looking into new options for expanding beyond 2020, that could cost more than $1 billion and add another 20 gates. Most of this financing will come from the Airport Improvement Fee, as well as general re ...