How to Tell If a Neighborhood Is on the Rise
Posted on Aug 02, 2024 in Real Estate Information
Investing in a rising neighborhood can be highly lucrative, offering the potential for substantial property value appreciation and attractive rental income. However, identifying these up-and-coming areas requires careful observation and analysis. Here are some key indicators that a neighborhood is on the rise:
1. Increasing Property Values
One of the...Where You Can Buy a House in B.C. on a Single Income
Posted on Jul 03, 2024 in Real Estate Information
Oil Tanks Facts in Victoria BC Homes
Posted on Apr 17, 2024 in Real Estate Information
In Victoria, BC, as in many older cities, residential properties may have buried or above-ground oil tanks that were used historically for heating purposes. As natural gas and electric heating became more popular, many homeowners stopped using oil heat, and the tanks were often left in place. These abandoned or unused oil tanks can pose environment...
Old Versus New ways of Doing Business in Real Estate
Posted on Apr 16, 2024 in Real Estate Information
The real estate industry has evolved significantly over time, with advances in technology, changes in consumer behavior, and shifts in regulatory environments leading to both old and new ways of doing business. Here's a comparison of some key aspects:
1. Marketing and Advertising:
- Old Ways: Traditional marketing methods included newspaper ads, flyers...
BC Land Title Charges Explained
Posted on Apr 15, 2024 in Real Estate Information
In British Columbia, land title charges refer to various legal interests, encumbrances, or rights associated with a property that are registered on the land title. These charges can affect the ownership, use, and transferability of the property. Here are some common types of title charges that may appear on a land title in BC:
- Mortgages: is a form o...
What is an Assignment Sale in BC Real Estate
Posted on Apr 15, 2024 in Real Estate Information
An assignment sale occurs when the original buyer of a property (often a pre-construction unit such as a condo or a townhouse) sells their interest in that property to another buyer before the original closing date with the developer. In real estate terms, this "interest" is the contract or right to purchase the property upon its completion. The or...