Fire insurance hard to find for B.C. wildfire zone homebuyers

Posted on Aug 20, 2021

Homebuyers purchasing in B.C.’s Interior where wildfires are raging may find it difficult, if not impossible, to get fire insurance on the home, at least until the smoke dies down,“It is an issue,” said James Palanio, a real estate broker with Royal LePage in Penticton, who said his office recently met with an insurance representative on the issue...

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GST may bite you

Posted on Aug 06, 2021

                                                                                             Real Estate Errors and Omissions Insurance Corporation  
                                                                                  Article By Chris Johnston, Staff Lawyer

Whether generally or in real estate deals, taxes are horribly complex.
Real estate deals can require GST, PTT and additional PTT (foreign buyer’s tax), vacancy tax, speculation tax, taxes on commissions and legal fees and on other services.Over the last fiv...

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Understanding Property Tax & Assessments in Canada

Posted on Jun 24, 2021

suburban home with a flower garden in the front yard
Article Courtesy of Gord Brown - - Real Estate 101

If you’re on the hunt for a first home, or even settling in, you’re likely bracing for the inevitability of paying property taxes. You probably saw the annual property taxes displayed on property listings, and might be wondering who sets these rates, what purpose property taxes...

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3 Questions to Ask Yourself about your WFH (work from home) Space

Posted on Jun 07, 2021

                                                                                                           Article Courtesy of Andie Kanaras

The future of work in a vaccinated world is fast approaching: some offices are re-opening, while others have announced their plans to implement hybrid work models as states relax COVID restrictions. Meanwhile, some employees have chosen to follow their desires and either continue to work remotely at their current j...

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Bringing the Outside in With a Living Wall

Posted on Jun 03, 2021

Article courtesy of Wendy Helfenbaum @wendyhelfenbaum  

By now, we’re getting tired of staring at our walls, and many of us long to add some colour, texture, and interest to our homes. Living plant walls–vertical gardens that hang on the wall–tick all these boxes.First appearing several years ago in commercial, public, and institutional buildings...

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New stress test level makes it harder to qualify for a mortgage in Canada

Posted on Jun 01, 2021

Article Courtesy of Pete Evans - CBC News -Posted June 1, 2021

It's a bit harder to qualify for a home loan as of today, as the federal government has raised the minimum financial bar that anyone applying for a mortgage must meet.

Ottawa raised the level of the "stress test" for mortgages today, setting the new level at 5.25 per cent — or two full...

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