Process underway for laneway homes in Burnaby
Posted on Feb 21, 2022
The plan to allow more people to live on the same piece of land that began in Vancouver is continuing to grow elsewhere in the Lower Mainland. The latest to take a serious look is the City of Burnaby, which this week voted to develop the process that will allow laneway homes.And that’s just a start.
In December, the city adopted what is called “HOME...
CREA reviews from 2021 in real estate
Posted on Feb 13, 2022
The Canadian Real Estate Association calls it “a snapshot” of the nation’s market over the last year, probably because that’s precisely what it is: a quick, superficial, general look at what happened in real estate in 2021.
In short, a snapshot.
In short, a snapshot.
Without taking into consideration the different provinces, the different sizes and types of housing and th...
Toronto replaces Vancouver as Canada’s most expensive market
Posted on Feb 07, 2022
It may be regarded as a moot point, but the Royal Bank of Canada has made “headlines” by announcing that Toronto has now surpassed Vancouver for having Canada’s most expensive real estate market. According to RBC, Toronto’s benchmark price is now $1.260 million and Vancouver’s is $1.255, the first time Toronto has been ranked first in…decades.
“It’s...
Removing popcorn ceilings a cautious job
Posted on Jan 24, 2022 in Home improvements
Of all the DIY projects you might want to do in your home, removing “popcorn ceiling” may be among the most cautious. It’s not simply a “scrape, repair and paint” job. Because these textured ceilings became popular decades ago, there’s a chance it contains some asbestos, which its carcinogenic content is a known health hazard. Asbestos was in the...
Deadline to appeal assessment is January 31
Posted on Jan 21, 2022
Earlier this month, property assessments were mailed to all British Columbia homeowners. As everyone knows, this can have an impact on the property taxes, but there’s a couple of items about assessments that are sometimes overlooked.
The first is that if you think your assessment is incorrect there is an appeal process – and the deadline is the end...
Speculation on Canada’s move on interest rates
Posted on Jan 16, 2022
For weeks, at least, the financial world has been waiting for what has seemed inevitable…that record-low interest rates are going to start going up.
Last week, a Financial Post story intimated that it could come as early as January 26, the date the Bank of Canada will next announce its decision.
The Post story read:
Calls are coming from all sides fo...