Buying a condo? The legal doctrine of caveat emptor (“let the buyer beware”) continues to apply to real estate transactions in BC today, and can have the effect of denying the buyer a remedy for defects and deficiencies discovered in the property after purchase. In general, the onus is on ...
Continue ReadingIn some of Metro Vancouver’s hottest housing markets, at least one in five of the most recently built condo units are owned by people residing outside of Canada. That number was one of the early findings drawn from the most comprehensive study to date by Canadian government agencies on foreign ...
Continue ReadingThe B.C. Real Estate Association says a strong economy has pushed up demand and prices for housing in the province compared with last year. The association’s latest report says 7,731 sales were recorded by the Multiple Listing Service in November, a 20.4 per cent increase from November 2016. The average ...
Continue ReadingCanada’s largest housing market continues to see prices fall amid a widening pool of homes for sale, though there are signs the correction is beginning to lure in some new buyers. The Toronto Real Estate Board’s benchmark home price index fell for the sixth consecutive month, down another 0.4 per cent from October. The ...
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