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The New Cooling Off Period in B.C

Cooling Off Period

What is it?

Effective Jan 1, 2023 a cooling off period for the sole benefit of the buyer is applicable in all purchase contracts.

This Allows a buyer to change their mind about an offer within 3 (business days) after acceptance for a fee payable to the seller. Basically, in realtor lingo…”getting cold feet”.

This applies to residential property only.

So what’s the difference between a buyer walking away from a subject offer?

It’s the deposit. During this 3 day (cooling off period) The deposit would be sent back to the buyer (less the fee) without the seller consent. On a subject offer, both the seller and buyer have to agree to release the deposit.

How much is the fee?

0.25% of the purchase price. (e.g.: $1.5M purchase agreement will cost $3,750) I could give my thoughts on this… but I won’t.

Issues:

As a seller, this fee is considered a service so don’t get so happy and spend it before you pay the GST of $187.50

This clause cannot be waived by either party. So you better be sure you want to proceed with this purchase if there is no subjects in place for your due diligence.

Concerns

Business days are defined as not a Saturday or a holiday. What about Sunday?

There may be a gray area regarding properties that are mixed use.

The gov has good intentions in protecting a buyer who may have offered too much for a property because of FOMO. However, there is a rescinding period in pre-sales already. Which makes sense because you’re buying paper and not being able to walk through the property.

Strategies

Unless you’re adding conditions like inspection and financing, It would be best to put in the contract the seller to allow for inspection within those three days.

I’m sure there will be many amendments to this legislation prior to Jan 1 (We hope)

For more helpful home buying information, visit

https://www.homebuyersvancouver.com

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The Vancouver Real Estate Blog

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Vancouver Elementary Schools Ranking

Top 20 Elementary Schools in Great Vancouver Area:

Ranking	School	City	Rating	Recent 5 years rating
1	Crofton House	Vancouver	10.0	10.0
2	Southridge	Surrey	10.0	10.0
3	St George’s	Vancouver	10.0	10.0
4	Vancouver College	Vancouver	10.0	10.0
5	West Point Grey	Vancouver	10.0	10.0
6	York House	Vancouver	10.0	10.0
7	Corpus Christian	Vancouver	10.0	9.9
8	Holy Cross	Burnaby	10.0	9.8
9	Mulgrave	West Vancouver	10.0	9.8
10	Our Lady Of Mercy	Burnaby	10.0	9.6
11	St Michaels	Burnaby	10.0	9.5
12	St Pius X	North Vancouver	10.0	9.4
13	Our Lady Of Perpetual Help	Vancouver	10.0	9.0
14	Cedardale	West Vancouver	10.0	N/A
15	Diamond	Surrey	10.0	N/A
16	Collingwood	West Vancouver	9.9	9.8
17	Irwin Park	West Vancouver	9.9	9.4
18	St Paul’s	Richmond	9.8	9.8
19	West Bay	West Vancouver	9.8	9.8
20	Iqra Islamic	Surrey	9.8	9.5

Vancouver elementary schools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
Crofton House	1/978	1/746	10.0	10.0
St George’s	1/978	1/746	10.0	10.0
Vancouver College	1/978	1/746	10.0	10.0
West Point Grey	1/978	1/746	10.0	10.0
York House	1/978	1/746	10.0	10.0
Corpus Christian	1/978	7/746	10.0	9.9
Our Lady Of Perpetual Help	1/978	38/746	10.0	9.0
St Jude’s	22/978	57/746	9.7	8.5
St Anthony of Padua	24/978	87/746	9.6	8.0
St Francis of Assisi	27/978	82/746	9.5	8.1
St Francis Xavier	35/978	27/746	9.2	9.2
Our Lady Of Sorrows	45/978	35/746	9.0	9.1
St John’s	45/978	N/A	9.0	N/A
St Auqustine’s	59/978	19/746	8.8	9.4
Blessed Sacrament	59/978	74/746	8.8	8.2
Stratford Hall	73/978	27/746	8.6	9.2
Vancouver Christian	73/978	74/746	8.6	8.2
St Mary’s	73/978	117/746	8.6	7.6
Vancouver Talmud Torah	84/978	27/746	8.5	9.2
Rose-Des-Vents	130/978	142/746	7.8	7.3
Sir Matthew Begbie	141/978	271/746	7.7	6.5
Dr Annie B Jamieson	153/978	178/746	7.6	7.1
Kerrisdale	166/978	160/746	7.5	7.2
Edith Cavell	191/978	329/746	7.3	6.2
Jules Quesnel	212/978	193/746	7.2	7.0
St Patrick’s	229/978	121/746	7.1	7.5
Sir William Osler	229/978	160/746	7.1	7.2
Sir Wilfrid Laurier	229/978	193/746	7.1	7.0
Immaculate Conception	269/978	93/746	6.9	7.9
Lord Nelson	269/978	N/A	6.9	N/A
Lord Tennyson	312/978	N/A	6.7	N/A
Maple Grove	339/978	235/746	6.6	6.7
Dr George M Weir	339/978	255/746	6.6	6.6
St Andrew’s	339/978	369/746	6.6	6.0
Dr R E Mckechnie	363/978	235/746	6.5	6.7
University Hill	363/978	271/746	6.5	6.5
J.W.Sexsmith	363/978	422/746	6.5	5.7
Dr H N MacCorkindale	363/978	570/746	6.5	4.9
Sir William Van Horne	363/978	N/A	6.5	N/A
Tyee	389/978	160/746	6.4	7.2
Trafalgar	389/978	235/746	6.4	6.7
Elsie Roy	389/978	255/746	6.4	6.6
David Oppenheimer	389/978	329/746	6.4	6.2
Henry Hudson	389/978	N/A	6.4	N/A
Queen Elizabeth	420/978	226/746	6.3	6.8
Lord Kitchener	420/978	235/746	6.3	6.7
Sir Wilfred Grenfell	420/978	317/746	6.3	6.3
Carnarvon	436/978	271/746	6.2	6.5
Captain James Cook	436/978	384/746	6.2	5.9
David Lloyd George	436/978	405/746	6.2	5.8
Renfrew	436/978	459/746	6.2	5.5
John Norquay	463/978	422/746	6.1	5.7
Waverley	463/978	455/746	6.1	5.6
Shaughnessy	488/978	121/746	6.0	7.5
Anne Hebert	488/978	506/746	6.0	5.3
Sir Richard McBride	488/978	610/746	6.0	4.7
L’Ecole Bilinque	512/978	347/746	5.9	6.1
General Gordon	512/978	422/746	5.9	5.7
Beneral Brock	512/978	N/A	5.9	N/A
Charles Dickens	536/978	N/A	5.8	N/A
Hastings	557/978	646/746	5.7	4.4
Queen Mary	581/978	206/746	5.6	6.9
Tecumseh	581/978	405/746	5.6	5.8
St Joseph’s	606/978	271/746	5.5	6.5
G T Cunningham	606/978	570/746	5.5	4.9
Tillicum Annex	606/978	N/A	5.5	N/A
Graham Bruce	620/978	N/A	5.4	N/A
Southlands	647/978	N/A	5.3	N/A
Lord Selkirk	674/978	596/746	5.2	4.8
Lord Roberts	692/978	646/746	5.1	4.4
Quilchena	707/978	347/746	5.0	6.1
Laura Secord	707/978	570/746	5.0	4.9
Sir Guy Carleton	707/978	596/746	5.0	4.8
Sir Alexander MacKenzie	707/978	624/746	5.0	4.6
Chief Maquinna	754/978	646/746	4.8	4.4
Sir Sandford Fleming	754/978	N/A	4.8	N/A
Sir Charles Kingsford-Smith	773/978	384/746	4.7	5.9
Walter Moberly	773/978	624/746	4.7	4.6
Nootka	821/978	538/746	4.3	5.1
Sir James Douglas	833/978	610/746	4.2	4.7
General Wolfe	833/978	N/A	4.2	N/A
Florence Nightingale	909/978	N/A	3.4	N/A
Champlain Heights	916/978	N/A	3.3	N/A
John Henderson	929/978	N/A	3.1	N/A
Lord Strathcona	944/978	735/746	2.6	3.1

West Vancouver elementary shcools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
Mulgrave	1/978	8/746	10.0	9.8
Cedardale	1/978	N/A	10.0	N/A
Collingwood	17/978	8/746	9.9	9.8
Irwin Park	17/978	19/746	9.9	9.4
West Bay	19/978	8/746	9.8	9.8
Caufeild	33/978	38/746	9.3	9.0
St Anthony’s	40/978	49/746	9.1	8.7
Ridgeview	59/978	22/746	8.8	9.3
Chartwell	59/978	N/A	8.8	N/A
Westcot	67/978	27/746	8.7	9.2
Gleneagles	105/978	70/746	8.1	8.3
Hollyburn	121/978	57/746	7.9	8.5
Pauline Johnson	141/978	49/746	7.7	8.7

North Vancouver elementary schools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
St Pius X	1/978	19/746	10.0	9.4
Holy Trinity	33/978	35/746	9.3	9.1
Andre Piolat	35/978	160/746	9.2	7.2
St Edmund’s	40/978	27/746	9.1	9.2
Brockton Preparatory	45/978	N/A	9.0	N/A
Lions Gate Christian	59/978	42/746	8.8	8.8
Blueridge	84/978	131/746	8.5	7.4
Canyon Heights	121/978	74/746	7.9	8.2
Highlands	130/978	66/746	7.8	8.4
Montroyal	191/978	110/746	7.3	7.7
Carisbrooke	191/978	131/746	7.3	7.4
Upper Lynn	229/978	369/746	7.1	6.0
Dorothy Lynas	247/978	206/746	7.0	6.9
Queensbury	269/978	384/746	6.9	5.9
Cove Cliff	389/978	178/746	6.4	7.1
Capilano	389/978	235/746	6.4	6.7
Cleveland	389/978	255/746	6.4	6.6
Sherwood Park	389/978	369/746	6.4	6.0
Braemar	463/978	121/746	6.1	7.5
Lynn Valley	463/978	289/746	6.1	6.4
Boundary	463/978	N/A	6.1	N/A
Vancouver Waldorf	488/978	N/A	6.0	N/A
Larson	512/978	289/746	5.9	6.4
Eastview	512/978	347/746	5.9	6.1
Ross Road	512/978	384/746	5.9	5.9
Ridgeway	512/978	506/746	5.4	5.3
Brooksbank	620/978	405/746	4.9	5.8
Seymour Heights	731/978	538/746	4.7	5.1
Lynnmour	773/978	N/A	4.7	N/A
Westview	773/978	697/746	3.9	4.0
Norgate	865/978	N/A	3.9	N/A
Queen Mary	886/978	719/746	3.7	3.5

Burnaby elementary shcools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
Holy Cross	1/978	8/746	10.0	9.8
Our Lady Of Mercy	1/978	15/746	10.0	9.6
St Michaels	1/978	16/746	10.0	9.5
St Helen’s	32/978	40/746	9.4	8.9
John Knox Christian	35/978	22/746	9.2	9.3
St Francis de Sales	45/978	74/746	9.0	8.2
Rosser	93/978	N/A	8.3	N/A
Taylor Park	105/978	93/746	8.1	7.9
Marlborough	105/978	142/746	8.1	7.3
Aubrey	130/978	206/746	7.8	6.9
Sperling	153/978	93/746	7.6	7.9
Nelson	153/978	142/746	7.6	7.3
Forest Grove	166/978	N/A	7.5	N/A
Seaforth	191/978	103/746	7.3	7.8
Buckingham	229/978	87/746	7.1	8.0
Lyndhurst	229/978	N/A	7.1	N/A
Cascade Heights	247/978	289/746	7.0	6.4
Twelfth Avenue	247/978	317/746	7.0	6.3
Montecito	269/978	160/746	6.9	7.2
South Slope	269/978	235/746	6.9	6.7
Parkcrest	269/978	347/746	6.9	6.1
Gilpin	291/978	178/746	6.8	7.1
Lakeview	291/978	271/746	6.8	6.5
Glenwood	291/978	N/A	6.8	N/A
Brentwood Park	312/978	178/746	6.7	7.1
Brantford	312/978	N/A	6.7	N/A
Clinton	339/978	226/746	6.6	6.8
Deer Lake SDA	339/978	255/746	6.6	6.6
Chaffey-Burke	339/978	271/746	6.6	6.5
Cilmore	363/978	235/746	6.5	6.7
Douglas Road	363/978	347/746	6.5	6.1
Cameron	389/978	226/746	6.4	6.8
Cconfederation Park	389/978	369/746	6.4	6.0
Capitol Hill	420/978	289/746	6.3	6.4
Stoney Creek	436/978	459/746	6.2	5.5
Windsor	436/978	N/A	6.2	N/A
Kitchener	488/978	369/746	6.0	6.0
Inman	488/978	459/746	6.0	5.5
Lochdale	536/978	384/746	5.8	5.9
Suncrest	557/978	N/A	5.7	N/A
Morley	647/978	634/746	5.3	4.5
Armstrong	707/978	459/746	5.0	5.5
Second Street	754/978	479/746	4.8	5.4
Stride Avenue	875/978	646/746	3.8	4.4
Maywood	875/978	N/A	3.8	N/A

Richmond elementary shcools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
St Paul’s	19/978	8/746	9.8	9.8
St Joseph The Worker	45/978	35/746	9.0	9.1
BC Muslim	59/978	N/A	8.8	N/A
Jessie Wowk	67/978	57/746	8.7	8.5
Richmond Christian	73/978	22/746	8.6	9.3
Spul’u’Kwuks	93/978	57/746	8.3	8.5
Archibald Blair	99/978	57/746	8.2	8.5
W D Ferris	99/978	93/746	8.2	7.9
John T Errington	105/978	82/746	8.1	8.1
Maple Lane	105/978	N/A	8.1	N/A
James Thompson	113/978	82/746	8.0	8.1
John G Diefenbaker	141/978	93/746	7.7	7.9
James Mckinney	141/978	121/746	7.7	7.5
Az-Zahraa Islamic	153/978	N/A	7.6	N/A
Tomekichi Homma	166/978	87/746	7.5	8.0
James Gilmore	181/978	289/746	7.4	6.4
Manoah Steves	191/978	142/746	7.3	7.3
Walter Lee	212/978	110/746	7.2	7.7
Alfred B Dixon	247/978	193/746	7.0	7.0
William Cook	247/978	206/746	7.0	6.9
Daniel Woodward	247/978	N/A	7.0	N/A
Donald E McKay	247/978	N/A	7.0	N/A
Quilchena	247/978	N/A	7.0	N/A
Garden City	269/978	142/746	6.9	7.3
Howard de Beck	269/978	160/746	6.9	7.2
Henry Anderson	269/978	193/746	6.9	7.0
Robert J Tait	269/978	329/746	6.9	6.2
R M Grauer	269/978	445/746	6.9	5.6
General Currie	291/978	206/746	6.8	6.9
Tomsett	291/978	271/746	6.8	6.5
James Whiteside	312/978	160/746	6.7	7.2
Samuel Brighouse	312/978	193/746	6.7	7.0
Westwind	363/978	178/746	6.5	7.1
Mitchell	436/978	479/746	6.2	5.4
Kingswood	488/978	235/746	6.0	6.7
Hamilton	488/978	289/746	6.0	6.4
Lord Byng	488/978	384/746	6.0	5.9
Kathleen McNeely	536/978	329/746	5.8	6.2
Thomas Kidd	557/978	553/746	5.7	5.0
William Bridge	581/978	329/746	5.6	6.2
Blundell	798/978	N/A	4.5	N/A

Coquitlam (also including Port Coquitlam and Port Moody) elementary schools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
Traditional Learning Academy	45/978	N/A	9.0	N/A
Our Lady Of The Assumption	67/978	57/746	8.7	8.5
Hope Lutheran	89/978	49/746	8.4	8.7
Our Lady Of Fatima	93/978	66/746	8.3	8.4
Queen Of All Saints	191/978	54/746	7.3	8.6
Walton	191/978	160/746	7.3	7.2
Riverview Park	191/978	178/746	7.3	7.1
Castle Park	269/978	206/746	6.9	6.9
Aspenwood	291/978	142/746	6.8	7.3
Pinetree Way	312/978	206/746	6.7	6.9
Nestor	312/978	269/746	6.7	6.0
Glenayre	312/978	347/746	6.7	6.1
British Columbia Christian	312/978	N/A	6.7	N/A
Panorama Heights	339/978	206/746	6.6	6.9
Eagle Ridge	339/978	255/746	6.6	6.6
R C MacDonald	363/978	160/746	6.5	7.2
Heritage Mountain	363/978	271/746	6.5	6.5
Harbour View	363/978	271/746	6.5	6.5
Blakeburn	389/978	289/746	6.4	6.4
Hampton Park	389/978	347/746	6.4	6.1
Roy Stibbs	389/978	384/746	6.4	5.9
Baker Drive	436/978	329/746	6.2	6.2
Kilmer	436/978	369/746	6.2	6.0
Mountain Meadows	463/978	255/746	6.1	6.6
Irvine	463/978	384/746	6.1	5.9
Bramblewood	463/978	271/746	6.1	6.5
Mundy Road	463/978	347/746	6.1	6.1
Leigh	488/978	506/746	6.0	5.3
Coquitlam River	512/978	317/746	5.9	6.3
Miller Park	536/978	405/746	5.8	5.8
Porter Street	557/978	369/746	5.7	6.0
Pleasantside	557/978	422/746	5.7	5.7
Glen	557/978	596/746	5.7	4.8
Mountain View	581/978	N/A	5.6	N/A
Cape Horn	674/978	422/746	5.2	5.7
Lord Baden-Powell	674/978	538/746	5.2	5.1
Westwood	674/978	610/746	5.2	4.7
Hazel Trembath	692/978	570/746	5.1	4.9
Seaview	707/978	538/746	5.0	5.1
Parkland	731/978	422/746	4.9	5.7
James Park	754/978	570/746	4.8	4.9
Pionniers	754/978	685/746	4.8	4.1
Cedar Drive	754/978	N/A	4.8	N/A
Rochester	782/978	523/746	4.6	5.2
Ranch Park	810/978	553/746	4.4	5.0
Central	810/978	646/746	4.4	4.4
Moody	810/978	N/A	4.4	N/A
Birchland	833/978	634/746	4.2	4.5
Alderson	833/978	N/A	4.2	N/A
Meadowbrook	844/978	N/A	4.1	N/A

Surrey (also including South Surrey and White Rock) elementary schools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
Southridge	1/978	1/746	10.0	10.0
Diamond	1/978	N/A	10.0	N/A
Iqra Islamic	19/978	16/746	9.8	9.5
Star Of The Sea	27/978	16/746	9.5	9.5
Khalsa (Surrey)	35/978	27/746	9.2	9.2
Chantrell Creek	40/978	74/746	9.1	8.2
Our Lady Of Good Counsel	45/978	27/736	9.0	9.2
Pacific Academy	73/978	42/746	8.6	8.8
Cloverdale Catholic	73/978	74/746	8.6	8.2
Semiahmoo Trail	73/978	160/746	8.6	7.2
Regent Christian	121/978	103/746	7.9	7.8
Dr F D Sinclair	121/978	142/746	7.9	7.3
Cornerstone Montessori	121/978	N/A	7.9	N/A
Bayridge	130/978	110/746	7.8	7.7
Morgan	141/978	103/746	7.7	7.8
G.A.D	141/978	N/A	7.7	N/A
Laronde	153/978	193/746	7.6	7.0
Fraser Wood	153/978	206/746	7.6	6.9
Rosemary Heights	166/978	93/746	7.5	7.9
Erma Stephenson	166/978	178/746	7.5	7.1
Port Kells	166/978	N/A	7.5	N/A
Frost Road	181/978	121/746	7.4	7.5
Surrey Muslim	181/978	N/A	7.4	N/A
Ocean Cliff	191/978	131/746	7.3	7.4
Walnut Road	191/978	178/746	7.3	7.1
Sikh Academy	229/978	N/A	7.1	N/A
Chimney Hill	247/978	226/746	7.0	6.8
Boundary Park	247/978	255/746	7.0	6.6
McLeod Road	247/978	289/746	7.0	6.4
Hillcrest	247/978	384/746	7.0	5.9
Ray Shepherd	269/978	226/746	6.9	6.8
Surrey Christian	269/978	235/746	6.9	6.7
Berkshire Park	291/978	206/746	6.8	6.9
H T Thrift	291/978	N/A	6.8	N/A
White Rock Christian	312/978	255/746	6.7	6.6
Hazelgrove	312/978	384/746	6.7	5.9
Bonaccord	312/978	479/746	6.7	5.4
Cambridge	363/978	289/746	6.5	6.4
Pacific Heights	363/978	459/746	6.5	5.5
Crescent Park	389/978	142/746	6.4	7.3
Colebrook	389/978	329/746	6.4	6.2
Woodland Park	389/978	405/746	6.4	5.8
A H P Matthew	389/978	422/476	6.4	5.7
Goldstone	389/978	N/A	6.4	N/A
Martha Currie	420/978	405/746	6.3	5.8
Cloverdale Traditional	436/978	347/746	6.2	6.1
Coyote Creek	436/978	405/746	6.2	5.8
Cougar Creek	436/978	422/746	6.2	5.7
Green Timbers	436/978	459/746	6.2	5.5
St Bernadette	463/978	131/746	6.1	7.4
Latimer Road	463/978	347/746	6.1	6.1
William Watson	463/978	347/746	6.1	6.1
Sunnyside	463/978	405/746	6.1	5.8
Surrey Centre	488/978	445/746	6.0	5.6
William F Davidson	488/978	506/746	6.0	5.3
Bridgeview	488/978	N/A	6.0	N/A
Maple Green	512/978	384/746	5.9	5.9
James Ardiel	512/978	422/746	5.9	5.7
North Ridge	512/978	459/746	5.9	5.5
Sullivan	512/978	N/A	5.9	N/A
A J McLellan	536/978	329/746	5.8	6.2
Brookside	536/978	405/746	5.8	5.8
Westerman	536/978	479/746	5.8	5.4
Hyland	536/978	N/A	5.8	N/A
Woodward Hill	536/978	N/A	5.8	N/A
South Meridian	557/978	329/746	5.7	6.2
Harold Bishop	557/978	405/746	5.7	5.8
Don Christian	557/978	459/746	5.7	5.5
Coast Meridian	581/978	347/746	5.6	6.1
Dogwood	581/978	347/746	5.6	6.1
Panorama Park	581/978	459/746	5.6	5.5
Serpentine Heights	581/978	479/746	5.6	5.4
Janice Churchill	581/978	570/746	5.6	4.9
Beaver Creek	581/978	663/746	5.6	4.3
Mary Jane Shannon	606/978	570/746	5.5	4.9
Surrey Traditional	620/978	506/746	5.4	5.3
Henry Bose	620/978	523/746	5.4	5.2
Simon Cunningham	620/978	523/746	5.4	5.2
Jessie Lee	620/978	538/746	5.4	5.1
T E Scott	620/978	634/746	5.4	4.5
Katzie	647/978	N/A	5.3	N/A
Martha Jane Norris	674/978	553/746	5.2	5.0
Georges Vanier	674/978	570/746	5.2	4.9
Adams Road	674/978	N/A	5.2	N/A
Betty Huff	692/978	716/746	5.1	3.6
Mountainview Montessori	707/978	317/746	5.0	6.3
M B Sanford	707/978	596/746	5.0	4.8
Creekside	707/978	610/746	5.0	4.7
Bothwell	707/978	N/A	5.0	N/A
Riverdale	731/978	506/746	4.9	5.3
Cedar Hills	731/978	663/746	4.9	4.3
Newton	731/978	677/746	4.9	4.2
Old Yale Road	731/978	677/746	4.9	4.2
Gabrielle-Roy	754/978	553/746	4.8	5.0
J T Brown	754/978	624/746	4.8	4.6
Strawberry Hill	782/978	596/746	4.6	4.8
David Brankin	782/978	634/746	4.6	4.5
Clayton	782/978	N/A	4.6	N/A
Sunrise Ridge	798/978	422/746	4.5	5.7
Senator Reid	798/978	716/746	4.5	3.6
Kennedy Trail	810/978	610/746	4.4	4.7
Kirkbride	821/978	570/746	4.3	4.9
W E Kinvig	821/978	725/746	4.3	3.4
Ellendale	833/978	506/746	4.2	5.3
Royal Heights	844/978	610/746	4.1	4.7
George Greenaway	854/978	570/746	4.0	4.9
Forsyth Road	854/978	708/746	4.0	3.8
Cindrich	865/978	685/746	3.9	4.1
Prince Charles	865/978	704/746	3.9	3.9
Lena Shaw	875/978	719/746	3.8	3.5
Bear Creek	886/978	697/746	3.7	4.0
Hjorth Road	897/978	732/746	3.5	3.2
Holly	940/978	685/746	2.7	4.1
K B Woodward	940/978	719/746	2.7	3.5

New Westminster elementary schools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
Richard McBride	212/978	235/746	7.2	6.7
Connaught Heights	212/978	N/A	7.2	N/A
Herbert Spencer	229/978	142/746	7.1	7.3
F W Howay	420/978	N/A	6.3	N/A
Lord Tweedsmuir	488/978	422/746	6.0	5.7
Queen Elizabeth	512/978	422/746	5.9	5.7
Lord Kelvin	581/978	553/746	5.6	5.0
John Robson	731/978	N/A	4.9	N/A

Delta elementary schools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
Sacred Heart	40/978	42/746	9.1	8.8
Immaculate Conception	40/978	54/746	9.1	8.6
Southpointe	99/978	22/746	8.2	9.3
Delta Christian	99/978	N/A	8.2	N/A
Pinewood	141/978	N/A	7.7	N/A
Cougar Canyon	166/978	235/746	7.5	6.7
Beach Grove	212/978	178/746	7.2	7.1
English Bluff	212/978	329/746	7.2	6.2
Gray	312/978	384/746	6.7	5.9
Sunshine Hills	363/978	317/746	6.5	6.3
Devon Gardens	363/978	523/746	6.5	5.2
Holly	420/978	317/746	6.3	6.3
Ladner	420/978	523/746	6.3	5.2
Pebble Hill	420/978	N/A	6.3	N/A
South Park	436/978	347/746	6.2	6.1
Neilson Grove	436/978	N/A	6.2	N/A
Chalmers	488/978	405/746	6.0	5.8
Hawthorne	536/978	523/746	5.8	5.2
Hellings	620/978	479/746	5.4	5.4
Gibson	620/978	506/746	5.4	5.3
Brooke	647/978	459/746	5.3	5.5
Jarvis	674/978	553/746	5.2	5.0
Annieville	692/978	384/746	5.1	5.9
McCloskey	692/978	570/746	5.1	4.9
Heath	707/978	445/746	5.0	5.6
Port Guichon	731/978	N/A	4.9	N/A
Cliff Drive	810/978	347/746	4.4	6.1
Richardson	821/978	624/746	4.3	4.6

Langley elementary schools ranking:

School	Ranking in BC	Recent 5 years ranking in BC	Rating	Recent 5 years rating
St Catherines	53/978	54/746	8.9	8.6
Alex Hope	67/978	57/746	8.7	8.5
Lynn Fripps	73/978	N/A	8.6	N/A
Gordon Greenwood	113/978	87/746	8.0	8.0
Topham	113/978	131/746	8.0	7.4
R.C. Garnett	130/978	131/746	7.8	7.4
Peterson Road	130/978	235/746	7.8	6.7
Credo Christian	141/978	66/746	7.7	8.4
Dorothy Peacock	166/978	193/746	7.5	7.0
Langley Fundamental	181/978	121/746	7.4	7.5
West Langley	181/978	142/746	7.4	7.5
Alice Brown	181/978	479/746	7.4	5.4
Willoughby	191/978	289/746	7.3	6.4
Glenwood	212/978	N/A	7.2	N/A
Langley Christian	247/978	121/746	7.0	7.5
Noel Booth	247/978	289/746	7.0	6.4
Belmont	312/978	384/746	6.7	5.9
James Kennedy	339/978	178/746	6.6	7.1
James Hill	339/978	255/746	6.6	6.6
Langley Meadows	389/978	289/746	6.4	6.4
Blacklock	389/978	422/746	6.4	5.7
Les Voyageurs	606/978	N/A	5.5	N/A
Uplands	606/978	N/A	5.5	N/A
Simonds	754/978	538/746	4.8	5.1
Douglas Park	773/978	N/A	4.7	N/A
Nicomekl	810/978	624/746	4.4	4.6

What’s a PEAT BOG and where are they located?

What is a PEAT BOG and where are they located?

11 PEAT BOG AREAS IN VANCOUVER

Peat Bog areas tend to have unstable ground that may create structural or foundation problems for homes and other buildings. Buyers please beware of the following Peat Bog areas in Vancouver:

1) King Edward St from from 16th Ave down to Edington Dr between Granville & Arbutus St

2) From 16th Ave to 22nd Ave, bound by Oak and Ash St

3) Prince Edward and Inverness, from 16th Ave to Kingsway and follows Kingsway down until 24th Ave

4) Area around Trout Lake is the location of this peat soil

5) Vast majority of this one goes from 37th Ave to 47th Ave between Windsor and Beatrice St

6) This larger Peat area is located between 43rd and 49th Ave and stretches from Nanaimo all the way until Rupert St

7) The peat bog in this location is centered on Adanac St and is bound by E. Pender and Napier and stretches from Garden Ave to Slocan St

8) This bog is the largest one in Vancouver which goes from Windsor all the way past Boundary and is bound by East Pender and Lougheed highway

9) This is a small one that is located on Kerrisdale Park

10) Another small peat area at 44th and Laurel

11) This small peat area goes from 60th and Maple to 34th and Angus

Buying a home in Vancouver? Know before you make an offer by making sure you’ve done your due diligence

Before you’re concidering a move Call Tom direct at: 778.879.8366

Or meet Tom at Best Vancouver Listings

New Upcoming Hurdles for Landlords and what they are.

Increased Hurdles Proposed for Residential Landlords – Renovations and Rent Freezes

On March 1, 2021, the provincial government announced proposed legislation that will increase the hurdles faced by landlords wishing to complete renovations in tenanted residential property.

The proposed legislation seeks to both prevent “renovictions,” and to extend the current provincial rent freeze to December 31, 2021. If passed by the B.C. provincial government, this legislation will come into effect on July 1, 2021. According to the provincial government’s press release, significant effects of the legislation will include:

1) Landlords will be required to apply to the Residential Tenancy Branch before they can terminate a tenancy agreement for the purpose of making renovations;

2) Landlords will be prohibited from ending tenancies for renovations that are not “substantial,” or that do not require the rental unit to be vacant;

3) As the Province has already extended a rent freeze during COVID-19, this legislation will permit tenants to disregard notices of rent increase taking effect between March 30, 2020 and January 1, 2022, that tenants have already received; and

4) From 2022 onward, rent increases shall be capped at the rate of inflation.

The market prices are higher than they’ve ever been even surpassing the super hyped Vancouver market of 2016-2017

For a FREE market evaluation for your rental property Click HERE

How to Sell Your Home the Non-Traditional way using the Ikonomou Systems

How Vancouver-area home sellers are getting full price or more without using a traditional selling system..

Selling a Vancouver-area house, townhome, or condo the traditional way with a traditional system has 2 painful problems:

1 – Homeowners never know if or when their home will sell

2 – And, if it does sell, homeowners never know for sure if they got as much as they should have.

So, we fixed all that.

The Ikonomou system lets homeowners know the exact day their home can sell…

…and also the likely bare minimum it’s going to sell for. The only question is if they’ll get even more than they hoped.

Homeowners love this because they who know how much they’re getting and when they’re getting it. Homeowners can relax and plan for the future instead of feeling stressed and wondering if or when they’ll be able to move.

The way we get home sellers these amazing results is by completely changing how a home is sold. Specifically, we add these 2 things to the mix:

1 – Competition

2 – And A Deadline

When we add these two things, something miraculous happens…

..it puts the seller in full control and serious buyers are forced to take action immediately or lose out.

What we’re doing is creating an auction-like bidding environment.

Although we’re not actually auctioning homes, this home-bidding model works for exactly the same reason why luxury auction houses like Sotheby’s and Christie’s work…

…they start with a fair price for a valuable item and, because buyers can see that competition is all around them, buyers expect that the they wait, the HIGHER the price goes.

This is in stark contrast to the “traditional way” of selling a house where buyers expect that the longer they wait, the LOWER the price goes.

Plus, when we add a deadline to the mix, the results get even better.

That’s because a deadline demands action… and no one wants to miss out.

The bottom line of how this all works:

We compress all your showings into just a few days

Then give buyers a deadline to make an offer

This puts you, the homeowner, in complete control

Buyers know they will be competing and bring stronger offers.

THIS GETS YOU MORE MONEY, FASTER!

Just choose 2 to 4 back-to-back days buyers can see your home…

…then receive multiple offers on “deadline day!”

It’s very simple and remarkably effective.

Then, if you want, we can even share with you what day your house can sell.

Find out how much more you can get with this system by clicking HERE:

Which indicators should you watch in the Real Estate market?

Average sales or list prices will tell you where the market is currently at but to determine where the market is going you need to watch a few other numbers.

As an example from the Monthly Report for February 2021 of all detached homes in Greater Vancouver. The following indicators (numbers give you a greater picture of the direction home prices will be in the near future.

# Active Listings = 3,507

# Listings Sold = 1,248

Median List Price = $1,599,000

Median Sale Price = $1,650,000

Av Days on Market = 32

List/Sale Price Ratio = 103%

# Months of Inventory = 2.8

Market Type (sellers) = 35.6%

To see how these numbers affect your homes value.,
Call Tom direct 778.879.8366

For a full Stats Package join our VIP list at:

http://ikonomousystems.com

or visit: bestvancouverlistings.com

5 Benefits of using Airbnb in Vancouver

Airbnb has taken the short stay world by storm. Whereas in the past you had to contend with commercial outlets like hotels, motels, and lodgings, today you can easily “Airbnb” when traveling. How convenient is Airbnb? Why is a world with Airbnb so much better than a world without it?

Cost Savings

Airbnb’s cost structuring is very different from that of a hotel, says Elias Markos. A hotel, when costing its services, must factor in numerous costs. These include the cost of servicing the entire property (including empty rooms), staff costs, goods used in the hotel, licenses, taxes, food, security, and many others. An Airbnb, on the other hand, only has a handful of costs to absorb, allowing it to charge way less than a hotel. These costs savings are passed on to travelers, instead of being soaked up as extra profits as is the case with hotels and other commercial establishments.

Local Experience

Airbnb is an amazing link to the local community and culture, which to Elias Markos is a fantastic benefit. When you visit a new country, staying at an upscale hotel will tell you nothing about the locality. In most cases, such places are deliberately insulated from the local culture to offer visitors a neutral experience. If you want to immerse yourself in the local culture, he says, an Airbnb will give you just this, letting you leave with rich memories of a new place.

Extra Perks

Of late, Airbnb has been adding new services that hosts can offer guests. In some areas, you can purchase an accommodation plus city tour package from a local host. With this arrangement, you get to see a new place through the eyes of a local. Comparatively, when you visit a hotel and book a local tour, you will be taken about by a professional tour guide who is only there to show you what is on the itinerary. In this way, an Airbnb helps you experience the world in a whole new way.

Wide Standardized Selection

Airbnb has over six million places to stay worldwide. That’s a staggering number. What’s amazing about this statistic is that all six million listings are standardized listings. That is, they are all privately owned properties that offer the same experience.

Extensive Filters

When looking for an Airbnb, you can use a wide range of filters to find just the right place to stay. With filters that include location, home type, number of rooms, number of beds, amenities (kitchen, shampoo, heating), facilities (pool, gym, free parking), house rules, neighborhoods and a host of others, you can easily filter down to a few choice properties. This, is a massive benefit Airbnb has over traditional hotels.

To View homes in Metro Vancouver that allow AirBnB Call Tom Direct at: 778.879.8366

Or meet Tom at: Best Vancouver Listings

How To List Once and Only Once When Selling a Home

Let’s change the meaning of YOLO from “you only live once” to “you only list once”.

When you decide to list your house for sale, list it like it is the first, last, and only time you are going to.

Because, if you list it more than once…it’s going to hurt you.

Selling your home begins in a hopeful manner.

When you decide to list your home for sale, you probably don’t expect it to not sell the first time you list it for sale.

Quite the opposite…

Most people think their house will sell quickly. And hopefully in a bidding war.

You hire a real estate agent. Pictures are taken. The house is entered into the multiple listing service. Open houses are scheduled for the first weekend. Ads are run…

…and the house gets put on the Internet in more places than you can ever imagine, with just the click of a few buttons.

How could it not sell?

Avoid withdrawing or expiring.

But a lot of times, homes don’t sell quickly. Or at all…

If a house doesn’t sell quickly, many homeowners start to get discouraged, even after just a few weeks.

It gets worse if it starts stretching into months and months.

Many homeowners start to wonder if their real estate agent isn’t getting the job done. And they start considering either “withdrawing” their listing, or letting their contract with the real estate agent “expire”, and plan on hiring a different agent.

Some homeowners have total faith in their real estate agent. They want to stick with the agent they have hired. But they think it would be good to withdraw their listing, and pop it back on the market so it looks like a new listing, hoping to get buyers’ attention.

This is a mistake. Back in the day, this little trick could work. But, it isn’t fooling anyone anymore, and it can have a less than desirable effect.

Big brother is watching.

Remember this from earlier? With just a few button clicks, your house gets distributed all over the Internet…

In some ways, this is great. Your house is exposed to the entire market quickly and efficiently.

In some ways it’s bad, though…

Not too long ago, it was pretty difficult to figure out if a home had been listed more than once, or for how long it was on the market. Real estate agents had access to the information, but consumers did not.

Now, everybody and anybody can see:

If a house has been listed before.
How many times it has been listed.
How long it’s been on the market.
And even more information…like if there’s any pending foreclosure, for instance.

Basically put, more information is available than you would ever want made available. And you have no control over it. Nor does your real estate agent.

All of this information is “scraped” and aggregated by real estate websites, like Zillow and Trulia.

Back in the day, it was no big deal to withdraw your listing, or let it expire, and relist it. Few people would be aware of it, unless a real estate agent dug up the information and chose to share it with their client.

Now, a buyer would almost have to deliberately avoid seeing this information.

So, what’s the big deal?

Whether it’s right, wrong, or somewhere in between, the number of times your home has been listed, and the length of time your house has been on the market, affect how buyers perceive your home and its value.

This stinks, because you can have absolutely valid reasons why your home isn’t selling quickly…

Perhaps it’s a supply and demand issue. (Too many houses available and too few buyers buying houses.)

Or maybe you have a high-end home, and there just aren’t many sales in the price range, so it takes quite some time to sell.

Those sorts of reasons are valid. There’s nothing you can do to affect that.

And it’s awful (for sellers at least), but the Internet and available information can cause buyers to sense that the house isn’t selling because “something is wrong”.

Or buyers may feel like, “since the house has been on the market for so long, the owner has to be negotiable or desperate.”

There’s plenty of other legitimate reasons a house may linger longer on the market…

But way too often, the reason houses linger on the market is because homeowners list their home for way too much money. And, quite often, don’t reduce their price to be in line with the market and actual value.

That you can, and should control…

Otherwise, you’re causing buyers to dismiss, overlook, or undervalue your home…because the Internet.

So, here’s what you do…

Control what you can control.

Make sure you hire a real estate agent who gives you an honest assessment of your home’s value.
Do not hire an agent that simply says your home is worth the amount you want to hear. Or one who agrees to list your house for a higher price than they recommend, just to appease you and get your listing.
Price your home appropriately within the market. Price it to sell…not to linger. (This does not mean “give your house away”. There’s a fine line and balance. A good agent will help you find that perfect balance.)
Don’t withdraw your listing, or let it expire, if at all possible.
If your home is not selling, assess whether the price is reasonable for the market. If it’s, be patient. Keep it on the market. Stay the course.

Ignore this advice if…

If you have hired a good real estate agent, and he or she disagrees with this, listen to them.

Real estate is “local”. Your agent will know what may help or hurt you in your area, more than a general article.

But, if you and your agent are discussing withdrawing or relisting your property, maybe you should bring up what you have read here. Your agent may never have even thought about this angle.

At least it can lead to an in depth conversation about the pros and cons of withdrawing or relisting your home, before just doing it because it seems like a good thing to do.

Again, there are valid reasons a home can linger on the market. Things you and your agent can’t control. It’s not the end of the world. It doesn’t spell doom for your sale.

A good agent isn’t going to let a buyer get your house for a steal, just because of some information the buyer has seen on the Internet.

However, what they find and see on the Internet will certainly fill their mind with thoughts. So, try not to give them anything to think about, other than making a full price offer as quickly as possible.

For a FREE Sellers checklist PDF – Text or call Tom Direct at 778.879.8366

Moving with Children? How to prepare your little ones for the move

Moving to a new community and school may produce stress and anxiety for your child. Moving away from friends, familiar surrounding and being introduced to a new school can be difficult. The cause of stress can vary according to the age of the children.

Younger children who are in the process of exploring their independence from their parents and are adjusting to new peer groups may find themselves returning to a dependent relationship with their parents. Older children have more difficulty leaving close friends and peers and may repeatedly protest the move. Some ask to move in with friends in their hometown to complete the school year.

Signs of depression or distress should be monitored. If deemed necessary, consult with your family physician or pediatrician. They may be able to assist or provide referrals for physicians in your new location.

Some of the following steps may be taken to make the relocation easier for your children.

Talk openly with your children well before the move takes place, explaining all of the details of the move and why the move must take place.
Get information on your new town or city, including schools and children’s programs, and discuss them with your children.
Create a pen-pal package for your children and their special friends with addressed, pre-stamped envelopes, stickers and markers. For older children, e-mail is a great way to keep in touch.
Discuss advantages of the new location with your children according to their interests, such as nearby amusement parks, museums, zoos, etc.
If possible, take your children on a tour of your new town or city and home before the move to acquaint them with their new surroundings.
Discuss decorating ideas for your child’s new room including a memory door. Compile favorite photographs from family and friends from the location you are leaving and plan to decorate a door in your child’s room with the photos.
Pay attention to what your children have to say about the move and address their concerns.
Keep to your child’s daily routines as closely as possible.
Don’t pack your child’s favorite belongings until the last minute.
Once you have arrived in your new community, visit your child’s school to speak with his or her councilor about orienting your child to the new school and school programs. Advise the councilor of any special interests of the child and ask for recommended clubs or programs.

For a FREE checklist to use when making your next move, Click HERE

How to Maximize the sale price of any Home

Selling a home is not rocket science, netting the most from the sale is!

Before you list your home on the market, take some time and ask yourself, what was it about the home that caused you to buy it? Did you look at more than one home at the time?

On average buyers look at 12 homes before deciding which home to write an offer. Think back.. besides the numer of bedrooms and number of bathrooms and whether the home has a 1,2 or 3 car garage… there’s really not much difference. Sure, some homes have views, some have private yards, some are on busy streets and some are closer to schools and shopping.

These factors infulence the overall price. You cannot change the direction a home faces. Howver, you can infulence the price buyers are willing to pay.

I’ve prepared a list of the top things you can do to get your home sold faster and for more money.

For a free PDF copy of this extensive list.. Click HERE

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Cost Savings

Local Experience

Extra Perks

Wide Standardized Selection

Extensive Filters

To View homes in Metro Vancouver that allow AirBnB Call Tom Direct at: 778.879.8366

Or meet Tom at: Best Vancouver Listings

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Selling your home begins in a hopeful manner.

Avoid withdrawing or expiring.

Big brother is watching.

So, what’s the big deal?

So, here’s what you do…

Ignore this advice if…

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