In July 2023, home prices in Metro Vancouver continued to rise due to strong sales and low housing inventory.

The Real Estate Board of Greater Vancouver reported that residential home sales increased by 28.9% compared to the previous year. However, they were still 15.6% below the ten-year average.

"While sales remain about 15 per cent below the ten-year average, they are also up about 30 per cent year-over-year, which is not insignificant,” says REBGV’s Director of Economics and Data Analytics. “Looking under the hood of these figures, it’s easy to see why sales are posting such a large year-over-year percentage increase. Last July marked the point when the Bank of Canada announced their ‘super-sized’ increase to the policy rate of one full per…

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Who pays for the home inspection when you buy a house will depend on the specific details of the sale and the agreement between the buyer and the seller. In general, the buyer is typically responsible for paying for the home inspection, as it is typically considered to be part of the buyer's due diligence in evaluating the property. 

It's always important to carefully review the terms of the sale and consult with a real estate professional to understand who is responsible for paying for the home inspection.

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There are several key differences between buying and renting a house. Some of the main considerations include:

  • Ownership: When you buy a house, you become the owner of the property and have the right to use it as you see fit. When you rent a house, you are paying to use the property, but you do not have the same rights and responsibilities as an owner.

  • Cost: The cost of buying a house can be significant, as it typically involves a down payment and monthly mortgage payments. Renting a house generally costs less, as you are only responsible for paying the monthly rent. However, over time, buying a house can be a more cost-effective option, as the monthly mortgage payments can build equity in the property.

  • Flexibility: Renting…

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Introducing 2550 Garden Drive: Uncover the Epitome of Urban Living in East Vancouver

2550 Garden Drive: a remarkable new development that embodies the essence of modern urban living in East Vancouver. Situated in one of the city's most coveted neighbourhoods, this exceptional project offers an unparalleled blend of luxurious design, unparalleled convenience, and a vibrant community atmosphere. These enticing features make 2550 Garden Drive the perfect place to call home.

  1. Prime Location: Nestled in the heart of East Vancouver, 2550 Garden Drive is surrounded by an abundance of amenities, parks, and cultural hotspots. From trendy boutiques and diverse dining options to picturesque green spaces and recreational facilities, everything you need is…

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In the realm of real estate, the process of buying a property can be complex and involves various stages. One crucial aspect to consider, particularly in British Columbia, Canada, is the presale rescission period. This period offers protection to buyers who enter into agreements for the purchase of a property before its completion. In this article, we will delve into the presale rescission period in British Columbia, exploring its purpose, rights and obligations for both buyers and developers, and important considerations.

What is a Presale Rescission Period?

The presale rescission period under the Real Estate Development Marketing Act (REDMA) refers to a specified timeframe (7 days) during which a buyer who has entered into a presale agreement for…

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Discover the Allure of South Village Condos at Latimer Heights in Langley, British Columbia

Latimer Village is an award-winning community featuring urban village condos, boutique-style shops, trendy restaurants, services, and offices now open and serving the Latimer Heights community and all of Langley. Thoughtfully conceived, designed and created by Vesta Properties, Latimer Heights was awarded multiple Grand Georgie Awards and UDI Best of the Fraser Valley winner.

Arriving soon is the last phase of Vesta’s 74-acre master planned community, Latimer Heights featuring a collection of premium 1-, 2-, and 3-bedroom condos adjacent to the community pond. Enjoy the best views of the neighbourhood at South Village Condos!

Situated within the…

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If there are problems with a property that were not disclosed by the seller or found during the home inspection, the buyer may have legal recourse against the seller or the home inspector, respectively. This could include the right to seek damages or to cancel the sale.

The specific rights and options available to the buyer will depend on the laws of the location where the property is located, as well as the terms of the sales contract and the contract with the home inspector.

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Can I Buy a House from a Family Member?

Yes, you can buy a house from a family member. The process for buying a house from a family member is similar to the process for buying a house from a non-family member. You will need to negotiate the price and terms of the sale with the seller, and you may want to have a real estate agent or attorney help with the transaction.

Before buying a house from a family member, you should consider the following:

  • Financing: If you need a mortgage to buy the house, you will need to apply for a loan and meet the lender's requirements. You may also need to pay closing costs and other fees.

  • Appraisal: It is a good idea to get an independent appraisal of the property to ensure that you are paying a fair…

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Pinpoint Listings Marketing Group leverages AI to provide market information, updates, blog articles, listing details, research, market demographic studies, and marketing resources.

In today's fast-paced digital world, staying ahead of the competition requires businesses to leverage cutting-edge technologies. One such technology that has revolutionised the marketing landscape is Artificial Intelligence (AI). Pinpoint Listings Marketing Group, a leading marketing agency, has embraced AI as a core component of their operations. 

AI-Powered Market Information and Updates
Pinpoint Listings Marketing Group harnesses the power of AI algorithms to gather and analyse vast amounts of market information. Through intelligent data scraping, AI systems…

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