• Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...
  • Victoria
  • Sidney
  • Saanich Peninsula
    250-656-4626
In your neighbourhood...

Blog

Local School Locations Added To REALTOR.ca - Category: Home Buying

Posted by Jack Barker

New school catchment information on REALTOR.ca will roll out nationally in phases, and is already available for Victoria and Vancouver. Coverage reached 80% of school boards in Canada by September. An additional feature allowing parents to search for a property within a particular school’s catchment area will be available later in the fall.

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What Homebuyers Should Know About BC Wildfires - Category: Home Buying

Posted by Jack Barker

As wildfires continue to burn across BC, thousands of British Columbians on evacuation alert, with firefighters working to protect communities, homes and businesses.

For those with pending real estate transactions in fire-affected areas, the situation is even more uncertain: you likely have questions about how the fires will affect your home insurance and your ability to close on the transaction.

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Bank of Canada Lending Rates On Hold - Category: Home Buying

Posted by Jack Barker

In line with financial market expectations, the Bank of Canada announced it is keeping its trend-setting overnight lending rate unchanged at 1.25%. However the Bank reiterated that higher lending rates are still on the way, with financial markets betting the next 25 basis point hike will be at the next scheduled policy announcement on July 11.

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Teams, Agency and Disclosure: New Dual Agency Rules - Category: Home Buying

Posted by Jack Barker

On June 15, 2018, consumer protection rules from the Superintendent of Real Estate will take effect. The goals of the rules are to ensure consumers are well-protected, well-informed, and can benefit from the undivided loyalty of a real estate licensee who is acting in their best interests. These rules will protect consumers by:

  • Prohibiting limited dual agency in almost all cases, and
  • Requiring new disclosures about commissions, services to expect from a licensee, and the risks of being an unrepresented party in a real estate transaction.

The Superintendent’s rules will change the way real estate is practiced in BC, and will enforce the fundamental REALTOR® duties of undivided client loyalty, confidentiality, managing conflicts of interests, and informed client consent.

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Updated Regulation For Building Inspection - Category: Home Buying

Posted by Jack Barker

The Provincial government intent to improve the rules and regulations for Building Inspections.  Implementation of the regulations will take effect on September 1, 2016 and the updated requirements are:

  • Home inspection contracts must describe in advance what will be covered in an inspection.
  • Contractual terms that limit home inspectors liability will be prohibited.
  • New business record keeping requirements will be put in place for home inspectors.
  • Home inspectors will be required to have valid professional and general liability insurance.

The Province intends to undertake a comprehensive review of qualifications required for a Building Inspector and these new standards are intended to be implemented in 2017.

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Where Are Buyers Coming From? - Category: Home Buying

Posted by Jack Barker

We constantly hear about International buyers in BC and many people think that the majority of buyers are coming from overseas and other provinces. Let’s check the real facts...

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