A Blog For Condo Buyers and Sellers
In any condo or strata there will be rules and there will be bylaws. Often people are not aware of the differences between them. 1. Bylaws are formally filed and registered in the land title office. Such things as voting rights, rental restrictions, per restrictions, duties of the strata etc. Anytime a new bylaw is [...]
With Strata ownership comes rules and regulations, lots of them in fact. The issue is what rules are needed and what are not, what crosses the line and what does not. As I have said in other posts, although rules are not always to peoples liking, if you are going to have 150 people living [...]
With all the cancelled and delayed developments in the news lately, it is refreshing to see a developer taking a different approach to the changing market conditions. Vancouver Developer Rycon has responded to the changing market by adding smaller lower priced units to a project it is selling in Kelowna. Rather than cancelling or delaying, [...]
Seems this is an issue that will not go away. I think almost everyone knows what a leaky condo is, but do they really. In the Realty Times Article “British Columbia’s Leaky Condo Crisis Just Won’t go Away there are many good points brought up. The bottom line is still Buyer beware, there are still [...]
I guess it comes as no surprise that the city is injecting money into the Olympic Village to help insure the Developer, Millennium finishes the project. Now I understand that it is not an option, weather to finish or not as we will need it come 2010, but Millennium is a private developer like all [...]
In a recent post I told you about a developer that was continuing to market a project when it had been put on hold. Three days later the Financial Institutions Commission released a alert to inform consumers of the laws around this type of activity. It is good to see that there are provisions in [...]
Always an interesting topic of discussion, when there is a shortage of rental housing and there is a number of condo units sitting empty that cannot be rented out, could there be a solution here. There is an interesting post regarding this issue on David Eby’d Blog. Although rental bylaws can be difficult for investors, [...]
Selling in today’s market is difficult enough, but if you are trying to sell to an investor it is even more difficult. With the presumption that the market still has a way to go down yet, most investors feel that there is no point in buying yet as even though there are some good deals [...]
In an earlier post I told you about a Survey J.D. Power and Associates was conducting to rate local developers. This was supposed to be coming out in November sometime but it has now been put on hold. I contacted them recently to find out when it would be available as I wanted to let [...]
Photo courtesy of Mussels In this time of turmoil and uncertainty, it seems there are still those that are positive about Vancouver Real Estate, especially downtown Vancouver. The point being made is that downtown is a desirable location with a relative shortage of accommodation, don’t forget people always need a place to live weather they [...]
