Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Saturday, January 20, 2018 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
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Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Sunday, January 21, 2018 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
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Short-term rentals are allowed starting April 2018 – but not before

A short-term rental (STR) is a home, or a room in a home, that is rented for less than 30 days at a time.

Starting April 2018, short-term rentals are allowed, based on new rules that City Council approved at the October 2017 public hearing.

Before April 2018, short-term rentals are not allowed in Vancouver, except in hotels or bed-and-breakfasts (B&Bs) that are zoned and licensed.

Current rules

 Allowed

Long-term rentals (30 days or more at a time) are allowed in all residential dwelling units (or a room within one) if you have a residential rental property business licence.

 Not allowed

Short-term rentals (less than 30 days at a time) aren't allowed, except for hotels or bed-and-breakfasts (B&Bs) that are zoned and licensed.

New rules starting April 2018

 Allowed

Short-term rentals are allowed when:

  1. It's your principal residence, in other words, where you live most of the year and the residential address you use for bills, identification, taxes, and insurance
  2. It's a legal dwelling unit (a home with an address that complies with all applicable regulations, including building code and fire safety)
  3. You have a short-term rental business licence
  4. If you're renting, your landlord allows you to sublet your home as a short-term rental
  5. If you're in a strata, your strata bylaws support short-term rentals in your building

Long-term rentals are allowed in all residential dwelling units (or a room within one) if you have a residential rental property business licence.

 Not allowed

Short-term rentals aren't allowed when:

  1. It's not your principal residence, in other words, you don't live there most of the year
  2. If you're a renter, your landlord doesn't allow you to sublet your home as a short-term rental
  3. If you live in a strata, your strata bylaws don't support short-term rentals in your building
  4. It's an illegal dwelling unit (it doesn't comply with all applicable regulations, including building code and fire safety) 

Will you have to pay the Empty Homes Tax?

No. To rent your home short-term, it needs to be your principal residence. The tax doesn't apply to principal residences.

Learn about the Empty Homes Tax

Why we’re changing the rules

Vancouver is facing a housing affordability crisis, rental vacancies are low, and short-term rental listings continue to grow. This large, unregulated market creates:

  • Health and safety risks to residents and tourists
  • Imbalance between hotels, long-term renters, and others with taxes and licencing fees

Allowing short-term rentals only in your primary residence with a business licence will:

  • Allow you to earn additional income
  • Provide Vancouver with short-term accommodation options to support our tourism industry
  • Help us respond to any concerns with noise, garbage, parking, and safety
  • Help us protect existing long-term rental housing and potentially add new long-term rental housing to the market

Timeline

Here is our process and anticipated milestones.

  • Oct 2016

    City Council asks staff to create new business licence rules for renting principal residences short-term

  • Ongoing

    Staff investigate existing short-term rental operations in Vancouver and other cities

  • Jul 11, 2017

    Staff present the proposed rules to City Council, who refers them to a public hearing

  • Nov 14, 2017

    City Council holds the public hearing and approves the proposed rules and related bylaw changes

  • WE ARE HERE
  • Apr 2018

    Short-term rentals are allowed in principal residences and you can apply for a business licence

 
 
Source:http://vancouver.ca/doing-business/short-term-rentals.aspx
 
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Please visit our Open House at 175 DELTA AVE in Burnaby.
Open House on Sunday, January 14, 2018 1:00PM - 3:00PM
Perfect family home on Capitol Hill! Breath-taking westwards views of DT Vancouver & the Burrard inlet from all levels. This home offers a very functional layout on the main which includes a den & a spice kitchen! Above you'll notice 4 bedrooms (rarely found on 33 ft lots) with a master taking advantages of the views with a covered balcony. Home boasts many features including beautiful hardwood flooring, HD Security cameras radiant heat & more! Below you'll find a 1 bed legal suite. Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown shopping and downtown Vancouver. Call for your personal showing!
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Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Saturday, January 13, 2018 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
Read Full Story
Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Sunday, January 14, 2018 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
Read Full Story
Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Saturday, January 6, 2018 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
Read Full Story
Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Sunday, January 7, 2018 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
Read Full Story
Please visit our Open House at 175 DELTA AVE in Burnaby.
Open House on Saturday, January 6, 2018 1:00PM - 3:00PM
Perfect family home on Capitol Hill! Breath-taking westwards views of DT Vancouver & the Burrard inlet from all levels. This home offers a very functional layout on the main which includes a den & a spice kitchen! Above you'll notice 4 bedrooms (rarely found on 33 ft lots) with a master taking advantages of the views with a covered balcony. Home boasts many features including beautiful hardwood flooring, HD Security cameras radiant heat & more! Below you'll find a 1 bed legal suite. Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown shopping and downtown Vancouver. Call for your personal showing!
Read Full Story
I have sold a property at 39 32777 CHILCOTIN DR in Abbotsford.
Cartier Heights! You won't find many new Rancher Style townhomes - here's your chance at a spacious townhome at a great value! The main level offers a generous kitchen with slide out door to a south facing patio, and even a walk-in pantry! Living space includes a natural-gas fireplace, Brand-NEW carpets & a deck with views to the north. .2 bed ups including a master with ensuite - roomy 3rd bedroom below. Below also includes a rec-room, full bath, and huge laundry room! Other features include a double garage & built-in vacuum. No age restrictions and pets allowed with some restrictions! Call today to schedule your showing, won't last long!
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This invaluable checklist will make sure you don’t miss any red flags or opportunities

 

If you’re in the market for a new home, there are a lot of things that you need to keep track of during your home searching journey. Purchasing a home is an endless checklist of questions that both you and your REALTOR® need the answers for so you can ensure you’ve done all your due diligence and are purchasing the right place for you. To make the process a little easier, here are eight essential questions that you and your agent should ask the listing agent at an open house before you can seriously consider buying.

1. When was the roof/hot water tank/plumbing/electrical/etc. last done?

This is an important question to ask, because it will help to give you a good idea of the current condition of the property or building. By keeping a mental record of the maintenance and upgrades that have already been completed, it will allow you to estimate any future or immediate expenses upon ownership. While the listing agent may not know all these answers off the top of their head, it is at least good to ask the agent to follow up with the seller to get the answers. This information may also be obtained from an inspection, the depreciation report, or the property disclosure statement.

2. (If a strata unit) Is there a depreciation report for the building?

If the property that you’re interested is a strata unit such as a condo or townhouse, then you should ask if a recent depreciation report is available to review. It’s important to ask the seller’s agent this question, especially if you need to obtain a mortgage, because you may have more pushback from the lender without one. Furthermore, the depreciation report will provide you with information given by a third party about the state of the building and whether or not the contingency reserve fund (CRF) can keep up with the maintenance and upgrades required over time. It will show a variety of funding models, and estimate when special levies will be necessary and how much will be required of each owner.

3. (If strata) Are there any special levies coming up?

A special levy is an amount of money that needs to be paid by the owners to cover the cost of an upgrade or repair in the building or complex, such as the roof. If there’s a $5,000 bill coming up at the end of the year, you’ll definitely want to know about it. If you know that a special levy has already been approved, then your agent may be able to negotiate that the seller pays for it upon completion.

4. Is there a property disclosure statement available?

A property disclosure statement (PDS) provides a history of the property based on the seller’s knowledge. While not to be fully relied on, the PDS will provide you with a basic background of the history of the property. On this document, the seller will have answered a variety of yes or no questions such as “has there been any history of a leak?” or “has there ever been an insect infestation issue?” to the best of their knowledge. It is a common subject on a real estate contract; however, it is not required for all sellers to complete a property disclosure statement. For example, if a seller has never lived in the property because it is tenanted, then they most likely won’t want to put themselves on the line when it comes to answering questions that they’re not 100% sure about. If there is a PDS available, it typically means that the sellers have lived in the property and are therefore confident in their answers and being held liable for them.

5. Have the sellers bought a home already?

If the sellers have bought a property and need to be out in a week then the dates will be really important to them. You’ll also want to ask this because you’ll want to know whether the sellers are motivated to move or if they’re just testing out the market. This question will allow you to understand where the sellers are at in their own real estate process, and also assist you during the negotiation process to make your offer as attractive as possible so that the seller accepts.

6. Do the sellers have fixed dates in mind?

Following on from #4, before you fall in love with a property, you’ll want to know whether or not it is possible for you to move in, based on your own time frame. For some sellers it is not always about the price, and if you can find out what the preferred dates are for the sellers, you may have an upper hand when it comes to offers. If you’re able to be flexible and accommodate those dates, there have been cases where a seller is willing to accept a lower price for more ideal dates. On the flip side, if your own dates are fixed and don’t work with the sellers’ dates, then you must be willing to make a higher bid to stand a chance of success.

7. Have you received any offers on the property?

If you’re checking out a property and ask this question, the listing agent is going to tell you one of the following: we already have an accepted offer pending subject removal; we’re taking offers on a specific day; we’ve received offers and rejected them; or we’ve received no offers yet. If they have an accepted offer, they’re continuing to show the property with hopes for a backup offer in the case that the current offers collapses. If it’s a new listing, they are likely collecting offers on a specific day at a specific time in the hope of getting multiples offers. You’ll want to know whether you’re competing against no offers or five offers, because it’s likely that your offer will vary based on how many you’re competing against. If the listing has been on the market for a while, you may be lucky enough to be the only offer. However, in this case it’s important to ask if they’ve received any offers in the past and whether or not they’ve rejected them and why.

8. How long has the property been on the market?

A follow-up question to # 7, you’ll want to know how long the property has been on the market, for a couple of reasons. One is because if it’s a new listing, you may want to prepare yourself for a multiple-offer scenario. Alternatively, if the property has been on the market for a long time then you may be able to negotiate the price to your advantage. However, if it’s been on the market for a long time and you’re in a hot market then you may want to ask yourself why that is. Is there a stigma on the house? Is the property overpriced? Proceed with caution.

Buying a home is a lot of work, and it requires a lot of time spent searching for the right property and performing due diligence. For most people, purchasing a home is the largest investment you will ever make. It’s important that you ask the above questions to ensure that you know how to make your offer appealing to a seller. Furthermore, these questions will also make sure that you know exactly what you’re purchasing and are aware of additional costs for things like necessary upgrades that may come up in the near future. 

 

 

 

 

Source:http://www.rew.ca/news/8-essential-questions-to-ask-at-an-open-house

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I have listed a new property at 36487 ESTEVAN CRT in Abbotsford.
Your search stops here- here's your oppertunity to buy a lot and start work immediately! Don't miss this opportunity to build your beautiful home in one of East Abbotsford most desirable areas. Just mintues away from shopping. HWY 1 and all the amenities.
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I have listed a new property at 6519 IRON ST in Sardis.
BEAT THE 2018 MORTGAGE CHANGES -Buy now without being impacted by the STRESS TEST! Great opportunity to buy brand-new homes that will be ready in Spring 2018. Higginson Estates by Vitesse Homes is an offering of 7 beautifully designed and crafted contemporary homes in Chilliwack's most desirable new subdivision - Right in the heart of Sardis on Kinkora Golf Course. Offering 5-6 bedroom homes with LEGAL 2-bed suites! 2 interior color schemes to choose from and 4 beautiful exteriors. Homes offer a great room plan, with the inviting living space open to above. Timeless kitchen with designer backsplash including HUGE pantry! Above, masterbdrm offers a lavish ensuite with soaker tub & frameless glass shower. Call for full details!
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Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Saturday, December 16, 2017 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
Read Full Story
Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Sunday, December 17, 2017 1:00PM - 3:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
Read Full Story
Please visit our Open House at 175 DELTA AVE in Burnaby.
Open House on Saturday, December 16, 2017 1:00PM - 3:00PM
Perfect family home on Capitol Hill! Breath-taking westwards views of DT Vancouver & the Burrard inlet from all levels. This home offers a very functional layout on the main which includes a den & a spice kitchen! Above you'll notice 4 bedrooms (rarely found on 33 ft lots) with a master taking advantages of the views with a covered balcony. Home boasts many features including beautiful hardwood flooring, HD Security cameras radiant heat & more! Below you'll find a 1 bed legal suite. Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown shopping and downtown Vancouver. Call for your personal showing!
Read Full Story
Please visit our Open House at 175 DELTA AVE in Burnaby.
Open House on Sunday, December 17, 2017 1:00PM - 3:00PM
Perfect family home on Capitol Hill! Breath-taking westwards views of DT Vancouver & the Burrard inlet from all levels. This home offers a very functional layout on the main which includes a den & a spice kitchen! Above you'll notice 4 bedrooms (rarely found on 33 ft lots) with a master taking advantages of the views with a covered balcony. Home boasts many features including beautiful hardwood flooring, HD Security cameras radiant heat & more! Below you'll find a 1 bed legal suite. Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown shopping and downtown Vancouver. Call for your personal showing!
Read Full Story

City of Vancouver’s plans for more homes “not enough” without wider regional housing/transit strategy, says UDI

 

All levels of government are urged to “act quickly” in order to prevent Metro Vancouver’s housing shortage from worsening, in the latest quarterly State of the Market report issued December 5 by the Urban Development Institute.

 

The development industry group reported that an acute housing supply shortage continues, with just one new, move-in-ready townhome available for sale in Vancouver proper, and only 14 available across the whole Metro region, as of the end of 2017’s third quarter.

 

 

At a total of 1,813 units, new and unsold multifamily homes for purchase in Metro Vancouver, at all stages of construction, are down 84% from the peak of 11,090 units in Q1 2013.

 

Anne McMullin, UDI president and CEO, said, “Our industry wants to build more multi-family homes for all budgets across Metro Vancouver. The biggest obstacles are still municipal permitting delays, which can take years, and single-family zoning, restricting 85% of residential land.

 

“While we’ve seen an encouraging 10-year strategy to provide more multi-family options in the City of Vancouver, on a regional scale, a combined housing/transit investment action plan is needed now, or this will never be enough to meet local demand, around 97% of buyers.”

 

The UDI said the local population growth likely to come from the new federal immigration target increase of 13% a year by 2020, “will only add to our housing shortage and keep prices high, if local governments don’t act quickly.”

 

 

 

 

Source:http://www.rew.ca

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I have listed a new property at 39 32777 CHILCOTIN DR in Abbotsford.
Cartier Heights! You won't find many new Rancher Style townhomes - here's your chance at a spacious townhome at a great value! The main level offers a generous kitchen with slide out door to a south facing patio, and even a walk-in pantry! Living space includes a natural-gas fireplace, newer carpets & a deck with views to the north. .2 bed ups including a master with ensuite - roomy 3rd bedroom below. Below also includes a rec-room, full bath, and huge laundry room! Other features include a double garage & built-in vacuum. No age restrictions and pets allowed with some restrictions! Call today to schedule your showing, won't last long!
Read Full Story
Please visit our Open House at 113 ELLESMERE AVE in Burnaby.
Open House on Saturday, December 2, 2017 12:00PM - 2:00PM
Brand new!! Stunning custom built home with the most amazing views of the mountains & the inlet from your rooftop deck. The open layout is perfect for entertaining your guests with the modern chef kitchen. The home boasts wide plank hardwood floors, stainless steel appliances, quartz countertops & much more. Enjoy the views from your walk out front porch in your master bedroom which also features a spacious WIC & a lavish ensuite with a soaker tub to unwind. Need more? This home offers a legal suite, security with 4 HD cameras & 2-5-10 warranty for piece of mind! Conveniently located, the home has easy access to SFU, BCIT, Brentwood & Metrotown Shopping & Downtown Vancouver.
Read Full Story
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