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Blog by Irene Wong & Mike Mulligan

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BC budget includes new real estate taxes and spending commitments

February 22nd, 2018

Housing was the dominant issue in the recent provincial budget.

The government released a 30-point housing strategy aimed at reducing housing demand, curbing tax fraud, building affordable housing, and increasing security for renters. 

New tax measures include increasing property taxes and property transfer taxes on residential properties valued above $3 million, expanding the foreign buyer ...

2015 REBGV Medallion Club Member (top 10% of Realtors) & RE/MAX Western Canada Top 100 Teams for December

February 3rd, 2016
Congratulations to Irene Wong & Mike Mulligan of RE/MAX Real Estate Services for qualifying for the Real Estate Board of Greater Vancouver's 2015 Medallion Club (top 10% of Realtors) & RE/MAX Western Canada Top 100 Teams for December.

"We would like to thank all our clients for entrusting us with their real estate needs & allowing us to be of help.  We look forward to another exciting year of ...

The new MLS® Home Price Index: What’s new, what’s different?

January 12th, 2012

The new MLS® Home Price Index: What’s new, what’s different?

As announced in December, a new national home price index will launch in February. This index will replace the MLS®Link Housing Price Index, which has been used by Greater Vancouver and Fraser Valley REALTORS® since the mid 1990s.

The new index was developed by five of Canada’s largest real estate boards – Greater Vanc ...

BC Assessment 2012 Assessment Roll Factsheet

January 9th, 2012
The role of BC Assessment:
BC Assessment is a provincial Crown corporation, governed by a Board of Directors and accountable to the Minister of Community and Rural Development. Our role is to accurately value and classify all properties in British Columbia, producing assessments that are fair, equitable and uniform.

How we assess properties:
BC Assessment estimates the value of most properties ( ...

CMHC Housing Outlook Confrerence: Expect More of the Same in 2012

January 9th, 2012

CMHC 2011 Housing Outlook Conference:
Expect more of the same in 2012

BC has experienced balanced housing market conditions for over a year, and can expect to see more of the same in 2012, according to CMHC’s BC regional economist Carol Frketich and senior market analyst Robyn Adamache. Frketich and Adamache spoke at the CMHC Housing Outlook Conference in V ...

Top 5 Mortgage Trends of 2011

January 9th, 2012

Top 5 Mortgage Trends of 2011

2011-in-ReviewCheap money fuelled another buoyant year for real estate in 2011.

That helped housing values climb a wall of worry (prices rose another 4.6% Y/Y as of November) despite numerous predictions of a correction. Mortgage balances went along for the ride, growing another 7%.

2011 was a year marked by new mortgage regulations and a rate market that continually su ...

Feds Change Borrowing Requirements for Government-backed Mortgages

February 16th, 2010

Federal Finance Minister Jim Flaherty announced this morning that homebuyers looking to qualify for a government-backed mortgage after April 19, 2010 will need to meet three new requirements. The changes revealed this morning include:

• Require that all borrowers meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term ...

Canada For Haiti Benefit

January 22nd, 2010

Canadians dug deep into their wallets for victims of the Haitian earthquake at the Canada for Haiti telethon Friday night.

Phone lines were soon jammed at the telethon designed to raise money for a group of Canadian charities working in Haiti, created jointly by CBC, CTV and Global.

About 200,000 people are estimated to have died in the 7.0-magnitude quake and about two million Haitians wer ...

Insurance & Strata Property - Things you Need to Know

December 1st, 2009

Obtaining appropriate property insurance is a very prudent idea, particularly when strata property is involved. As an owner of a strata lot you need to be aware that there will be 2 policies involved. One must be purchased by the Strata Corporation (on behalf of all the owners), which is mandated & regulated by the Strata Property Act & Regulations. The second is the owner's policy for their ...

Title Insurance - Much Ado About Title Insurance

October 29th, 2009

Title insurance is with us & many of our buyers are asking questions about it. To fully understand if there are actual benefits for your purchase a good understanding of how our BC Land Title system works is helpful. The article below does a good job of this. 

BC's "Torrens" based title system with it's principle of "Indefeasable Title" has been upheld in the courts against fraudulent title pr ...

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