When buying or selling strata properties in Kelowna, one crucial aspect of the transaction often gets overlooked—strata documents. These documents offer critical insights into the health and governance of the property, impacting everything from maintenance costs to future liabilities. Whether you’re a first-time homebuyer or a seasoned real estate investor, knowing how to review strata…
BILL 44 – How does this legislation affect strata properties in BC? On November 24, 2022, an Amendment was made to the Strata Property Act which in short summary: Removed rental restrictions (No rental restriction bylaws allowed) Removed certain Age Restrictions Age restriction bylaws only allowed for 55+ strata No other age restriction bylaws allowed…
This video talks about A.T.I.C which is the Age and Type of materials used in homes which can lead to Issues that Cost you money to fix or replace. Getting home inspections on new or used homes before you buy is always recommended and we teach you some key systems to keep an eye out…
0:39 – Conventional Hot Water Tanks 1:47 – Hot Water On Demand “Tankless” Water Heater 2:45 – Heat Pump Hot Water System 3:52 – Solar Panel Hot Water System 4:22 – When Should You Replace Your Hot Water Tank? 5:35 – Which System Should I Get? Whether you’re already living in a home or you’re…
This video digs deeper into market statistics for the Central Okanagan in British Columbia. Looking at Apartments, Single Family Homes and Town-House style inventory versus number of sales within a month. We will look from 2018 to April 2020 and give our opinion of where we think the Real Estate Market will be headed. …
0:29 – Exterior Features 1:20 – Cabinets And Under-mount Lights 1:47 – Paint Touchups 2:09 – Baseboards 2:16 – Bathroom Edges and Silicone 2:37 – Trim and Finishing Work 3:02 – Outlets and Drywall 3:36 – Water Issues and Leaking Plumbing 4:22 – Checking Appliances 4:56 – Mechanical Systems (hot water and furnace) 5:22 -…
Today we’re going to be talking about mortgage deferrals during this epidemic and whether or not this is a good idea and if you should do it and how it’s going to affect you. So I’m located in Canada and the big banks here have announced in late March that they’re going to allow a…
So in British Columbia, when you’re using a lawyer or a notary, the prices are going to be pretty similar. You are ranging in between $1,000 dollars to $1,600 after taxes and disbursements. Now, a notary is typically known to be a little bit less expensive than a lawyer, and lawyers will often also have…
Hey there everyone. It’s JP from the Letnick estates group here to talk about some Real Estate Tips. Today I’m going to be talking about property transfer tax. How much does it cost and who pays it? So in British Columbia, Canada, property transfer tax when you’re purchasing a property is 1% of the first…