Blog

Blog by Therese Reinsch

Assignments

May 21st, 2016
As of May 16, 2016, the provincial government will require that Contracts prepared by licencees include clauses stating that the Contract cannot be assigned withpout the written consent of the Seller and that any profit accrued from the assignment reverts to the original Seller.  Clients can instruct licencees to omit or change clauses.  Assignmentsor assigning one's rights to a Contract is a ...

Pre-sale condos in Vancouver

March 10th, 2016
I recently sold two pre-sale condos in Vancouver, One Burrard Place and The Arc. Both were 2 bedroom condos which will be completed by 2017 and 2019 respectively. As well, I am on the hunt for a condo in Mount Pleasant, an exceedingly difficult task. It is common for Buyers to snap up condos in their pre-sale incarnation and then assign them with a serious up lift. So, for instance a condo wi ...

Truth or Dare

April 25th, 2015
I read recently that The Red Pin, a new-age brokerage in TO,  that according to historical data, May 1st was to be the best selling day of the year for real estate transactions! And, further, the month of May will be a top selling/buying month for Sellers and Buyers. The proof is in the pudding. I will be back on May 2nd to either verify that declaration or refute it. Stay tuned. ...

Renovations

March 18th, 2015

There are many homes under renovation in Vancouver - that would seem to be a good thing. CHOA e updates for B.C. has an article that is entitled " Managing Environmental Risks During a Renovation.  Further, the Recycling Council of B.C. has a recycling hotline. All of those materials to be replaced need not end up in a dumpster - some can be recycled.  I have seen where hardwood floors are li ...

My Mortgage: Stay or Go?

March 13th, 2015

A note from Jamie Golombek, managing director of CIBC Wealth Advisory Services has a new report out on why it may be poor economics to pay down your mortgage.  You can read it at "Mortgage or Margaritas: Is paying down debt putting your retirement at risk?"

August 4, 2011

August 4th, 2011
The Dog Days of Summer are here- finally.  The prolonged wait for the fate of the HST is in sight and the fall could be busy with elections of various stripes. As a membr of the Government Relations Committee for the REBGV, I am still working toward eliminating the Property Transfer Tax for Buyers of homes in B.C., or, at the very least, because of the tremendous resistance from the governmen ...

Home Inspectors

March 18th, 2009

On March 31, 2009, B.C. will become the first Canadian province requiring home inspectors to be licensed.  Discussions as to the adequacy of the new standards are ongoing.  Any inquiries and/or complaints can be directed to the BPCPA website at www.bpcpa.ca or call 1-888-564-9963.

Home Buyers' Initiatives

March 18th, 2009

As a member of the Government Relations Committee of the Real Estate Board of Greater Vancouver I will be attending PAC DAYS (political action) in Ottawa April 26-28th, meeting with the P.M. and MPs to discuss issues impacting homeowners and home buyers i.e. RRSP withdrawal limits for eligible home buyers, 1st time Homebuyers Tax credit, etc.