Vancouver-A group of homeowners and local businesspeople have teamed up to buy the Panorama Mountain Village ski resort in the B.C. Rockies south of Kootenay National park from financially troubled Intrawest. Continue Reading »
News Release – Kootenay Real Estate Board – Nelson, BC, January 15, 2010
If the MLS® story in 2008 was about peak inventory levels, the story in 2009 was about trying to predict when the sluggish real estate market in the Kootenay’s would recover. Continue Reading »
Posted in General Topics, Real Estate | Leave a Comment »
The Kootenay Real Estate Board has released market stats for November 2009. Here is a quick summary! Continue Reading »
Posted in Real Estate | Tagged KREB, Stats | Leave a Comment »
Fraudsters operating at Craigslist SCAM Both Owners and Renters!
Owners: To get a lot of details of the property (which they then advertise for rent on Craigslist) they pretend to be an offshore prospective tenant. Continue Reading »
Posted in General Topics | Tagged craiglist, scammers, owners, renters | Leave a Comment »
Assessments have been frozen for 2 years as of July 2007. In many outlying areas assessments are now higher than market value.
You can check your assessment ANYWHERE IN BC at www.bcassessment.bc.ca CHECK IT NOW. Many assessments are now OVER market value.
Get ready to dispute in January if you feel that is the case with your properties.
Then – importantly – as of January 1, 2010 ’till March 16, 2010 this website will allow you not only to search assessments but will display ALL sales on and around your street, allowing you to take a quick assessment of your property.
Posted in Real Estate | Tagged assessments, property values | Leave a Comment »
Hi, I would like to spark a debate about the dollar amount requested as a deposit in a standard “Contract of Purchase and Sale”.
Recently a situation was shared with me. To protect the privacy of those involved, I will use generic details. It is the concepts I am more interested in debating in this forum.
The fact base is not complicated and goes like this. Seller Smith sells his house for $250,000 to Buyer Bob, then moves to a new city and buys a house for $250,000. A week before closing, Seller Smith packs up his stuff and physically moves. The day for closing comes, but Buyer Bob can’t close the deal. The deposit is $1000. Now what do we do? Continue Reading »
Posted in Real Estate | Tagged Debate, Deposit, Lawyer, Realtor | Leave a Comment »
By Mark Weisleder
Basement flooding. Mould behind the walls. Cracks in the foundation. These are just some of the surprises that home buyers across Canada have discovered in their property after closing, which were not disclosed by the seller. I have reviewed many articles written by legal commentators who have taken the position that sellers should rarely complete a Property Condition Statement or PCS because of potential liability that may result. In Ontario, this statement is called a Seller’s Property Information Statement, or SPIS. Continue Reading »
Posted in Real Estate | Tagged Disclosure | Leave a Comment »
Today, one of Canada’s most popular sources for real estate information is going mobile. REALTOR.ca, a part of the real estate industry for over 13 years, is now available for REALTORS® and consumers on their mobile phones for the very first time.
Keeping REALTORS® and homebuyers informed on the move, the new beta version of mobile.REALTOR.ca means that users can access a snapshot of property listings wherever they are. Continue Reading »
Posted in Technology | Tagged Mobile, Realtor.ca | 1 Comment »
The Kootenay Region saw a more moderate market rebound then the rest of BC in the Q3 of 2009. Sales rose by 26.6%, and began to firm up prices – by as little as 1.7% for a detached home and as much as 33.8% for an attached home. Overall, market activity is lower than Q3 2008 levels. Compared to a year ago, unit sales are lower by 10.7% and dollar value has decreased by 8.2%.
*Information provided by Landcor Data Corporation*
Posted in Real Estate | Tagged Kootenay, Landcor, Market Matrix, Q3 | Leave a Comment »
Hi KREB Members
Most of you should have received an email from Andy Smith, President of the Kootenay Real Estate Board (KREB), requesting your feedback on the current issues between the Canadian Real Estate Association (CREA) and Competition Bureau. Continue Reading »
Posted in General Topics | Leave a Comment »
