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

Vancouver Elementary Schools Ranking

Top 20 Elementary Schools in Great Vancouver Area:

RankingSchoolCity RatingRecent 5 years rating
1Crofton HouseVancouver10.010.0
2SouthridgeSurrey10.010.0
3St George’sVancouver10.010.0
4Vancouver CollegeVancouver10.010.0
5West Point GreyVancouver10.010.0
6York HouseVancouver10.010.0
7Corpus ChristianVancouver10.09.9
8Holy CrossBurnaby10.09.8
9MulgraveWest Vancouver10.09.8
10Our Lady Of MercyBurnaby10.09.6
11St MichaelsBurnaby10.09.5
12St Pius XNorth Vancouver10.09.4
13Our Lady Of Perpetual HelpVancouver10.09.0
14CedardaleWest Vancouver10.0N/A
15DiamondSurrey10.0N/A
16CollingwoodWest Vancouver9.99.8
17Irwin ParkWest Vancouver9.99.4
18St Paul’sRichmond9.89.8
19West BayWest Vancouver9.89.8
20Iqra IslamicSurrey9.89.5

Vancouver elementary schools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
Crofton House1/9781/74610.010.0
St George’s1/9781/74610.010.0
Vancouver College1/9781/74610.010.0
West Point Grey1/9781/74610.010.0
York House1/9781/74610.010.0
Corpus Christian1/9787/74610.09.9
Our Lady Of Perpetual Help1/97838/74610.09.0
St Jude’s22/97857/7469.78.5
St Anthony of Padua24/97887/7469.68.0
St Francis of Assisi27/97882/7469.58.1
St Francis Xavier35/97827/7469.29.2
Our Lady Of Sorrows45/97835/7469.09.1
St John’s45/978N/A9.0N/A
St Auqustine’s59/97819/7468.89.4
Blessed Sacrament59/97874/7468.88.2
Stratford Hall73/97827/7468.69.2
Vancouver Christian73/97874/7468.68.2
St Mary’s73/978117/7468.67.6
Vancouver Talmud Torah84/97827/7468.59.2
Rose-Des-Vents130/978142/7467.87.3
Sir Matthew Begbie141/978271/7467.76.5
Dr Annie B Jamieson153/978178/7467.67.1
Kerrisdale166/978160/7467.57.2
Edith Cavell191/978329/7467.36.2
Jules Quesnel212/978193/7467.27.0
St Patrick’s229/978121/7467.17.5
Sir William Osler229/978160/7467.17.2
Sir Wilfrid Laurier229/978193/7467.17.0
Immaculate Conception269/97893/7466.97.9
Lord Nelson269/978N/A6.9N/A
Lord Tennyson312/978N/A6.7N/A
Maple Grove339/978235/7466.66.7
Dr George M Weir339/978255/7466.66.6
St Andrew’s339/978369/7466.66.0
Dr R E Mckechnie363/978235/7466.56.7
University Hill363/978271/7466.56.5
J.W.Sexsmith363/978422/7466.55.7
Dr H N MacCorkindale363/978570/7466.54.9
Sir William Van Horne363/978N/A6.5N/A
Tyee389/978160/7466.47.2
Trafalgar389/978235/7466.46.7
Elsie Roy389/978255/7466.46.6
David Oppenheimer389/978329/7466.46.2
Henry Hudson389/978N/A6.4N/A
Queen Elizabeth420/978226/7466.36.8
Lord Kitchener420/978235/7466.36.7
Sir Wilfred Grenfell420/978317/7466.36.3
Carnarvon436/978271/7466.26.5
Captain James Cook436/978384/7466.25.9
David Lloyd George436/978405/7466.25.8
Renfrew436/978459/7466.25.5
John Norquay463/978422/7466.15.7
Waverley463/978455/7466.15.6
Shaughnessy488/978121/7466.07.5
Anne Hebert488/978506/7466.05.3
Sir Richard McBride488/978610/7466.04.7
L’Ecole Bilinque512/978347/7465.96.1
General Gordon512/978422/7465.95.7
Beneral Brock512/978N/A5.9N/A
Charles Dickens536/978N/A5.8N/A
Hastings557/978646/7465.74.4
Queen Mary581/978206/7465.66.9
Tecumseh581/978405/7465.65.8
St Joseph’s606/978271/7465.56.5
G T Cunningham606/978570/7465.54.9
Tillicum Annex606/978N/A5.5N/A
Graham Bruce620/978N/A5.4N/A
Southlands647/978N/A5.3N/A
Lord Selkirk674/978596/7465.24.8
Lord Roberts692/978646/7465.14.4
Quilchena707/978347/7465.06.1
Laura Secord707/978570/7465.04.9
Sir Guy Carleton707/978596/7465.04.8
Sir Alexander MacKenzie707/978624/7465.04.6
Chief Maquinna754/978646/7464.84.4
Sir Sandford Fleming754/978N/A4.8N/A
Sir Charles Kingsford-Smith773/978384/7464.75.9
Walter Moberly773/978624/7464.74.6
Nootka821/978538/7464.35.1
Sir James Douglas833/978610/7464.24.7
General Wolfe833/978N/A4.2N/A
Florence Nightingale909/978N/A3.4N/A
Champlain Heights916/978N/A3.3N/A
John Henderson929/978N/A3.1N/A
Lord Strathcona944/978735/7462.63.1

West Vancouver elementary shcools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
Mulgrave1/9788/74610.09.8
Cedardale1/978N/A10.0N/A
Collingwood17/9788/7469.99.8
Irwin Park17/97819/7469.99.4
West Bay19/9788/7469.89.8
Caufeild33/97838/7469.39.0
St Anthony’s40/97849/7469.18.7
Ridgeview59/97822/7468.89.3
Chartwell59/978N/A8.8N/A
Westcot67/97827/7468.79.2
Gleneagles105/97870/7468.18.3
Hollyburn121/97857/7467.98.5
Pauline Johnson141/97849/7467.78.7

North Vancouver elementary schools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
St Pius X1/97819/74610.09.4
Holy Trinity33/97835/7469.39.1
Andre Piolat35/978160/7469.27.2
St Edmund’s40/97827/7469.19.2
Brockton Preparatory45/978N/A9.0N/A
Lions Gate Christian59/97842/7468.88.8
Blueridge84/978131/7468.57.4
Canyon Heights121/97874/7467.98.2
Highlands130/97866/7467.88.4
Montroyal191/978110/7467.37.7
Carisbrooke191/978131/7467.37.4
Upper Lynn229/978369/7467.16.0
Dorothy Lynas247/978206/7467.06.9
Queensbury269/978384/7466.95.9
Cove Cliff389/978178/7466.47.1
Capilano389/978235/7466.46.7
Cleveland389/978255/7466.46.6
Sherwood Park389/978369/7466.46.0
Braemar463/978121/7466.17.5
Lynn Valley463/978289/7466.16.4
Boundary463/978N/A6.1N/A
Vancouver Waldorf488/978N/A6.0N/A
Larson512/978289/7465.96.4
Eastview512/978347/7465.96.1
Ross Road512/978384/7465.95.9
Ridgeway512/978506/7465.45.3
Brooksbank620/978405/7464.95.8
Seymour Heights731/978538/7464.75.1
Lynnmour773/978N/A4.7N/A
Westview773/978697/7463.94.0
Norgate865/978N/A3.9N/A
Queen Mary886/978719/7463.73.5

Burnaby elementary shcools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
Holy Cross1/9788/74610.09.8
Our Lady Of Mercy1/97815/74610.09.6
St Michaels1/97816/74610.09.5
St Helen’s32/97840/7469.48.9
John Knox Christian35/97822/7469.29.3
St Francis de Sales45/97874/7469.08.2
Rosser93/978N/A8.3N/A
Taylor Park105/97893/7468.17.9
Marlborough105/978142/7468.17.3
Aubrey130/978206/7467.86.9
Sperling153/97893/7467.67.9
Nelson153/978142/7467.67.3
Forest Grove166/978N/A7.5N/A
Seaforth191/978103/7467.37.8
Buckingham229/97887/7467.18.0
Lyndhurst229/978N/A7.1N/A
Cascade Heights247/978289/7467.06.4
Twelfth Avenue247/978317/7467.06.3
Montecito269/978160/7466.97.2
South Slope269/978235/7466.96.7
Parkcrest269/978347/7466.96.1
Gilpin291/978178/7466.87.1
Lakeview291/978271/7466.86.5
Glenwood291/978N/A6.8N/A
Brentwood Park312/978178/7466.77.1
Brantford312/978N/A6.7N/A
Clinton339/978226/7466.66.8
Deer Lake SDA339/978255/7466.66.6
Chaffey-Burke339/978271/7466.66.5
Cilmore363/978235/7466.56.7
Douglas Road363/978347/7466.56.1
Cameron389/978226/7466.46.8
Cconfederation Park389/978369/7466.46.0
Capitol Hill420/978289/7466.36.4
Stoney Creek436/978459/7466.25.5
Windsor436/978N/A6.2N/A
Kitchener488/978369/7466.06.0
Inman488/978459/7466.05.5
Lochdale536/978384/7465.85.9
Suncrest557/978N/A5.7N/A
Morley647/978634/7465.34.5
Armstrong707/978459/7465.05.5
Second Street754/978479/7464.85.4
Stride Avenue875/978646/7463.84.4
Maywood875/978N/A3.8N/A

Richmond elementary shcools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
St Paul’s19/9788/7469.89.8
St Joseph The Worker45/97835/7469.09.1
BC Muslim59/978N/A8.8N/A
Jessie Wowk67/97857/7468.78.5
Richmond Christian73/97822/7468.69.3
Spul’u’Kwuks93/97857/7468.38.5
Archibald Blair99/97857/7468.28.5
W D Ferris99/97893/7468.27.9
John T Errington105/97882/7468.18.1
Maple Lane105/978N/A8.1N/A
James Thompson113/97882/7468.08.1
John G Diefenbaker141/97893/7467.77.9
James Mckinney141/978121/7467.77.5
Az-Zahraa Islamic153/978N/A7.6N/A
Tomekichi Homma166/97887/7467.58.0
James Gilmore181/978289/7467.46.4
Manoah Steves191/978142/7467.37.3
Walter Lee212/978110/7467.27.7
Alfred B Dixon247/978193/7467.07.0
William Cook247/978206/7467.06.9
Daniel Woodward247/978N/A7.0N/A
Donald E McKay247/978N/A7.0N/A
Quilchena247/978N/A7.0N/A
Garden City269/978142/7466.97.3
Howard de Beck269/978160/7466.97.2
Henry Anderson269/978193/7466.97.0
Robert J Tait269/978329/7466.96.2
R M Grauer269/978445/7466.95.6
General Currie291/978206/7466.86.9
Tomsett291/978271/7466.86.5
James Whiteside312/978160/7466.77.2
Samuel Brighouse312/978193/7466.77.0
Westwind363/978178/7466.57.1
Mitchell436/978479/7466.25.4
Kingswood488/978235/7466.06.7
Hamilton488/978289/7466.06.4
Lord Byng488/978384/7466.05.9
Kathleen McNeely536/978329/7465.86.2
Thomas Kidd557/978553/7465.75.0
William Bridge581/978329/7465.66.2
Blundell798/978N/A4.5N/A

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

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
Traditional Learning Academy45/978N/A9.0N/A
Our Lady Of The Assumption67/97857/7468.78.5
Hope Lutheran89/97849/7468.48.7
Our Lady Of Fatima93/97866/7468.38.4
Queen Of All Saints191/97854/7467.38.6
Walton191/978160/7467.37.2
Riverview Park191/978178/7467.37.1
Castle Park269/978206/7466.96.9
Aspenwood291/978142/7466.87.3
Pinetree Way312/978206/7466.76.9
Nestor312/978269/7466.76.0
Glenayre312/978347/7466.76.1
British Columbia Christian312/978N/A6.7N/A
Panorama Heights339/978206/7466.66.9
Eagle Ridge339/978255/7466.66.6
R C MacDonald363/978160/7466.57.2
Heritage Mountain363/978271/7466.56.5
Harbour View363/978271/7466.56.5
Blakeburn389/978289/7466.46.4
Hampton Park389/978347/7466.46.1
Roy Stibbs389/978384/7466.45.9
Baker Drive436/978329/7466.26.2
Kilmer436/978369/7466.26.0
Mountain Meadows463/978255/7466.16.6
Irvine463/978384/7466.15.9
Bramblewood463/978271/7466.16.5
Mundy Road463/978347/7466.16.1
Leigh488/978506/7466.05.3
Coquitlam River512/978317/7465.96.3
Miller Park536/978405/7465.85.8
Porter Street557/978369/7465.76.0
Pleasantside557/978422/7465.75.7
Glen557/978596/7465.74.8
Mountain View581/978N/A5.6N/A
Cape Horn674/978422/7465.25.7
Lord Baden-Powell674/978538/7465.25.1
Westwood674/978610/7465.24.7
Hazel Trembath692/978570/7465.14.9
Seaview707/978538/7465.05.1
Parkland731/978422/7464.95.7
James Park754/978570/7464.84.9
Pionniers754/978685/7464.84.1
Cedar Drive754/978N/A4.8N/A
Rochester782/978523/7464.65.2
Ranch Park810/978553/7464.45.0
Central810/978646/7464.44.4
Moody810/978N/A4.4N/A
Birchland833/978634/7464.24.5
Alderson833/978N/A4.2N/A
Meadowbrook844/978N/A4.1N/A

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

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
Southridge1/9781/74610.010.0
Diamond1/978N/A10.0N/A
Iqra Islamic19/97816/7469.89.5
Star Of The Sea27/97816/7469.59.5
Khalsa (Surrey)35/97827/7469.29.2
Chantrell Creek40/97874/7469.18.2
Our Lady Of Good Counsel45/97827/7369.09.2
Pacific Academy73/97842/7468.68.8
Cloverdale Catholic73/97874/7468.68.2
Semiahmoo Trail73/978160/7468.67.2
Regent Christian121/978103/7467.97.8
Dr F D Sinclair121/978142/7467.97.3
Cornerstone Montessori121/978N/A7.9N/A
Bayridge130/978110/7467.87.7
Morgan141/978103/7467.77.8
G.A.D141/978N/A7.7N/A
Laronde153/978193/7467.67.0
Fraser Wood153/978206/7467.66.9
Rosemary Heights166/97893/7467.57.9
Erma Stephenson166/978178/7467.57.1
Port Kells166/978N/A7.5N/A
Frost Road181/978121/7467.47.5
Surrey Muslim181/978N/A7.4N/A
Ocean Cliff191/978131/7467.37.4
Walnut Road191/978178/7467.37.1
Sikh Academy229/978N/A7.1N/A
Chimney Hill247/978226/7467.06.8
Boundary Park247/978255/7467.06.6
McLeod Road247/978289/7467.06.4
Hillcrest247/978384/7467.05.9
Ray Shepherd269/978226/7466.96.8
Surrey Christian269/978235/7466.96.7
Berkshire Park291/978206/7466.86.9
H T Thrift291/978N/A6.8N/A
White Rock Christian312/978255/7466.76.6
Hazelgrove312/978384/7466.75.9
Bonaccord312/978479/7466.75.4
Cambridge363/978289/7466.56.4
Pacific Heights363/978459/7466.55.5
Crescent Park389/978142/7466.47.3
Colebrook389/978329/7466.46.2
Woodland Park389/978405/7466.45.8
A H P Matthew389/978422/4766.45.7
Goldstone389/978N/A6.4N/A
Martha Currie420/978405/7466.35.8
Cloverdale Traditional436/978347/7466.26.1
Coyote Creek436/978405/7466.25.8
Cougar Creek436/978422/7466.25.7
Green Timbers436/978459/7466.25.5
St Bernadette463/978131/7466.17.4
Latimer Road463/978347/7466.16.1
William Watson463/978347/7466.16.1
Sunnyside463/978405/7466.15.8
Surrey Centre488/978445/7466.05.6
William F Davidson488/978506/7466.05.3
Bridgeview488/978N/A6.0N/A
Maple Green512/978384/7465.95.9
James Ardiel512/978422/7465.95.7
North Ridge512/978459/7465.95.5
Sullivan512/978N/A5.9N/A
A J McLellan536/978329/7465.86.2
Brookside536/978405/7465.85.8
Westerman536/978479/7465.85.4
Hyland536/978N/A5.8N/A
Woodward Hill536/978N/A5.8N/A
South Meridian557/978329/7465.76.2
Harold Bishop557/978405/7465.75.8
Don Christian557/978459/7465.75.5
Coast Meridian581/978347/7465.66.1
Dogwood581/978347/7465.66.1
Panorama Park581/978459/7465.65.5
Serpentine Heights581/978479/7465.65.4
Janice Churchill581/978570/7465.64.9
Beaver Creek581/978663/7465.64.3
Mary Jane Shannon606/978570/7465.54.9
Surrey Traditional620/978506/7465.45.3
Henry Bose620/978523/7465.45.2
Simon Cunningham620/978523/7465.45.2
Jessie Lee620/978538/7465.45.1
T E Scott620/978634/7465.44.5
Katzie647/978N/A5.3N/A
Martha Jane Norris674/978553/7465.25.0
Georges Vanier674/978570/7465.24.9
Adams Road674/978N/A5.2N/A
Betty Huff692/978716/7465.13.6
Mountainview Montessori707/978317/7465.06.3
M B Sanford707/978596/7465.04.8
Creekside707/978610/7465.04.7
Bothwell707/978N/A5.0N/A
Riverdale731/978506/7464.95.3
Cedar Hills731/978663/7464.94.3
Newton731/978677/7464.94.2
Old Yale Road731/978677/7464.94.2
Gabrielle-Roy754/978553/7464.85.0
J T Brown754/978624/7464.84.6
Strawberry Hill782/978596/7464.64.8
David Brankin782/978634/7464.64.5
Clayton782/978N/A4.6N/A
Sunrise Ridge798/978422/7464.55.7
Senator Reid798/978716/7464.53.6
Kennedy Trail810/978610/7464.44.7
Kirkbride821/978570/7464.34.9
W E Kinvig821/978725/7464.33.4
Ellendale833/978506/7464.25.3
Royal Heights844/978610/7464.14.7
George Greenaway854/978570/7464.04.9
Forsyth Road854/978708/7464.03.8
Cindrich865/978685/7463.94.1
Prince Charles865/978704/7463.93.9
Lena Shaw875/978719/7463.83.5
Bear Creek886/978697/7463.74.0
Hjorth Road897/978732/7463.53.2
Holly940/978685/7462.74.1
K B Woodward940/978719/7462.73.5

New Westminster elementary schools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
Richard McBride212/978235/7467.26.7
Connaught Heights212/978N/A7.2N/A
Herbert Spencer229/978142/7467.17.3
F W Howay420/978N/A6.3N/A
Lord Tweedsmuir488/978422/7466.05.7
Queen Elizabeth512/978422/7465.95.7
Lord Kelvin581/978553/7465.65.0
John Robson731/978N/A4.9N/A

Delta elementary schools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
Sacred Heart40/97842/7469.18.8
Immaculate Conception40/97854/7469.18.6
Southpointe99/97822/7468.29.3
Delta Christian99/978N/A8.2N/A
Pinewood141/978N/A7.7N/A
Cougar Canyon166/978235/7467.56.7
Beach Grove212/978178/7467.27.1
English Bluff212/978329/7467.26.2
Gray312/978384/7466.75.9
Sunshine Hills363/978317/7466.56.3
Devon Gardens363/978523/7466.55.2
Holly420/978317/7466.36.3
Ladner420/978523/7466.35.2
Pebble Hill420/978N/A6.3N/A
South Park436/978347/7466.26.1
Neilson Grove436/978N/A6.2N/A
Chalmers488/978405/7466.05.8
Hawthorne536/978523/7465.85.2
Hellings620/978479/7465.45.4
Gibson620/978506/7465.45.3
Brooke647/978459/7465.35.5
Jarvis674/978553/7465.25.0
Annieville692/978384/7465.15.9
McCloskey692/978570/7465.14.9
Heath707/978445/7465.05.6
Port Guichon731/978N/A4.9N/A
Cliff Drive810/978347/7464.46.1
Richardson821/978624/7464.34.6

Langley elementary schools ranking:

SchoolRanking in BCRecent 5 years ranking in BCRatingRecent 5 years rating
St Catherines53/97854/7468.98.6
Alex Hope67/97857/7468.78.5
Lynn Fripps73/978N/A8.6N/A
Gordon Greenwood113/97887/7468.08.0
Topham113/978131/7468.07.4
R.C. Garnett130/978131/7467.87.4
Peterson Road130/978235/7467.86.7
Credo Christian141/97866/7467.78.4
Dorothy Peacock166/978193/7467.57.0
Langley Fundamental181/978121/7467.47.5
West Langley181/978142/7467.47.5
Alice Brown181/978479/7467.45.4
Willoughby191/978289/7467.36.4
Glenwood212/978N/A7.2N/A
Langley Christian247/978121/7467.07.5
Noel Booth247/978289/7467.06.4
Belmont312/978384/7466.75.9
James Kennedy339/978178/7466.67.1
James Hill339/978255/7466.66.6
Langley Meadows389/978289/7466.46.4
Blacklock389/978422/7466.45.7
Les Voyageurs606/978N/A5.5N/A
Uplands606/978N/A5.5N/A
Simonds754/978538/7464.85.1
Douglas Park773/978N/A4.7N/A
Nicomekl810/978624/7464.44.6

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

Metro Vancouver Elementary School Rankings

VANCOUVER B.C PUBLIC & PRIVATE ELEMENTARY SCHOOL RANKINGS;

TOP 50 PUBLIC ELEMENTARY SCHOOLS IN VANCOUVER BC:

RankingSchool NameScore 2017-18Rank 2017-2018City
1Tyee8.866/955Vancouver
2Dr R E McKechnie8.295/955Vancouver
3Maple Grove7.9122/955Vancouver
4Sir Wilfrid Laurier7.7134/955Vancouver
5Dr Annie B Jamieson7.6143/955Vancouver
6L’École Bilingue7.6143/955Vancouver
7Norma Rose Point7.4170/955Vancouver
8Shaughnessy7.4170/955Vancouver
9Anne Hebert7.1215/955Vancouver
10Edith Cavell7.1215/955Vancouver
11Henry Hudson7237/955Vancouver
12Kerrisdale7237/955Vancouver
13Lord Tennyson7237/955Vancouver
14Carnarvon6.9261/955Vancouver
15David Lloyd George6.9261/955Vancouver
16J.W. Sexsmith6.9261/955Vancouver
17John Norquay6.9261/955Vancouver
18General Brock6.8285/955Vancouver
19Queen Mary6.8285/955Vancouver
20Sir Matthew Begbie6.8285/955Vancouver
21Dr George M Weir6.7311/955Vancouver
22Elsie Roy6.6333/955Vancouver
23Quilchena6.6333/955Vancouver
24Trafalgar6.6333/955Vancouver
25Walter Moberly6.4376/955Vancouver
26Waverley6.4376/955Vancouver
27Jules Quesnel6.3396/955Vancouver
28Lord Kitchener6.3396/955Vancouver
29Tecumseh6.3396/955Vancouver
30Captain James Cook6.2413/955Vancouver
31Sir Charles Kingsford-Smith6.2413/955Vancouver
32Sir William Van Horne6.2413/955Vancouver
33G T Cunningham6.1426/955Vancouver
34Laura Secord6452/955Vancouver
35Nootka6452/955Vancouver
36Sir Richard McBride6452/955Vancouver
37Dr H N MacCorkindale5.9482/955Vancouver
38Hastings5.9482/955Vancouver
39Queen Elizabeth5.9482/955Vancouver
40Sir John Franklin5.9482/955Vancouver
41Sir William Osler5.9482/955Vancouver
42Lord Nelson5.8512/955Vancouver
43Renfrew5.8512/955Vancouver
44Rose-Des-Vents5.8512/955Vancouver
45David Oppenheimer5.7541/955Vancouver
46University Hill5.7541/955Vancouver
47General Gordon5.6567/955Vancouver
48Southlands5.4617/955Vancouver
49Lord Roberts4.9709/955Vancouver
50Sir James Douglas4.8726/955Vancouver

FREE: Join our private list of friends and stay in touch with new listings, sales and price reductions direct to your inbox… Click HERE 

TOP 24 PRIVATE ELEMENTARY SCHOOLS IN VANCOUVER BC:

RankingSchool NameScore 2017-18Rank 2017-2018City
1Corpus Christi101/955Vancouver
2Crofton House101/955Vancouver
3Our Lady Of Sorrows101/955Vancouver
4St George’s101/955Vancouver
5Vancouver College101/955Vancouver
6West Point Grey101/955Vancouver
7York House101/955Vancouver
8Our Lady Of Perpetual Help9.920/955Vancouver
9St John’s9.629/955Vancouver
10St Augustine’s9.533/955Vancouver
11St Francis Xavier9.243/955Vancouver
12Vancouver Christian9.243/955Vancouver
13Stratford Hall955/955Vancouver
14St Mary’s8.959/955Vancouver
15Immaculate Conception8.866/955Vancouver
16Vancouver Talmud Torah8.866/955Vancouver
17St Francis of Assisi8.773/955Vancouver
18Blessed Sacrament8.678/955Vancouver
19St Jude’s8.678/955Vancouver
20St Joseph’s8.392/955Vancouver
21St Andrew’s8.1106/955Vancouver
22St Anthony Of Padua7.9122/955Vancouver
23St Patrick’s6.8285/955Vancouver
24Westside Preparatory6.8285/955Vancouver

FREE: Join our private list of friends and stay in touch with new listings, sales and price reductions direct to your inbox… Click HERE 

Need to Buy before you Sell? Schedule a short telephone call to get the process started.

5 best tips when packing your home

5 best tips when you start packing your home:
By guest blogger – Vancouver In The Box

1. Before you start packing: The biggest mistake people do when their house is sold and they
have a closing day, is to buy boxes and start packing. Yes, packing takes a lot of time but, long time before you start boxing your belonging, your best step is to de clutter and get rid of items you don’t need.

2. “I don’t have a lot of stuff”. It’s very common to underestimate how much stuff we have. When everything we have is inside cupboards and drawers its hard to imagine how many boxes, we need in order to
move our belongings. Most people will look around and think, have a lot of stuff ". Small kitchen in 1-2-bedroom apartment has about 10-15 boxes. An Ikea book case with 5 shelves needs to be cleared into 8-10 boxes.
Try to walk inside your house like a stranger
and write down room by room how many boxes you think you have. Always add 15% extra.

3. Free boxes: As much as you like reuse and recycle, before picking up free used boxes from friends or a back alley of a store, make sure you know where these boxes were used before. Insects like bedbugs and
silverfish live inside cardboard boxes. If your friend has a cat and you are allergic to cats, your packing task will turn to a nightmare. Few companies in metro Vancouver will rent out plastic boxes that will always arrive clean
to your home and will be picked up after you done unpacking.

4. Where to start packing: Start with seasonal items and things you don’t use frequently. A day before the move: pack important documents, passports and MSP cards with toiletries and clothes you will need for
the next 2 days in a suite case and place in your car before movers arrive.

5. Finally, leave all the keys to your old house (storage, garage, shed…) and all appliances manuals in one spot for the new owner. 

FREE: Join our private list of friends and stay in touch with new listings, sales and price reductions direct to your inbox… Click HERE 

Vancouver In The Box, provides packing and unpacking services since 2009 Call or email to arrange a free in home estimate:

Is it a good idea to buy a home during Covid-19?

Here are 8 good reasons for buying a home today:

1. You need a tax break. The mortgage interest deduction can make home ownership very appealing.

2. You are not counting on price appreciation in the short term. You plan on owning it for at least a few years. Home values in Vancouver have remained stable and could jump out of reach once this situation with Covid-19 ends.

3. You can afford the monthly payments. If you can afford to rent.. you can afford to own. Sure, the 1st monthly payment is all interest… but the middle payment is half in your pocket.

4. You plan to stay in the house long enough for the appreciation to cover your transaction costs. The costs of buying a home include, lender fees, property transfer tax, mortgage insurance and if buying new construction… GST.

5. You prefer to be an owner rather than a renter. An owner never has to worry if the landlord decides to sell and you have to move to a different neighbourhood, or worse.. a different school for your children.

6. You can handle the maintenance expenses and headaches.

7. You are not greatly concerned by dips in home values.

8. You want pride of ownership. As a homeowner, you have the freedom of choice.

Top 13 places to send change of address to

“Moving Home, Changing Address, Doormat, with Clip Path. Isolated on White.”

Most people know in advance they will be moving by way of subject removal dates. This time period can be anywhere up to 60 days and is adequate to send emails to your service providers with your new contact info. This will save you additional fees setting up mail forwarding. The following is a list of the 

  1.  Post Office
  2.  Change accounts and credit card agencies
  3.  Friends and Relatives – send them private messages or text your new address.
  4.  Subscriptions, book clubs, record clubs (notice requires several weeks in         advance)
  5.  Bank – transfer funds, arrange for check cashing in new city
  6.  Insurance – Notify regarding new location for coverage:  Life, Health, Fire, Auto
  7.  Automobile registration – Transfer of auto title is necessary: also driver’s license,   city windshield sticker and motor club membership
  8.  Utility Companies – Gas, electric, water, telephone, cable television, fuel: obtain   refund of any deposit made:  arrange for immediate service in new location
  9.  Route Persons – Laundry, newspaper delivery, changeover of services
  10.  School Records – Ask for copies of the transfer of children’s records
  11.  Medical, dental, prescription histories – Ask physicians and dentists for referrals,   transfer needed prescription, X-rays
  12.  Church, clubs, civic organizations – Transfer memberships, request letters of   introduction
  13.  Pets – ask about registration for licenses, vaccinations, tags.  Request transfer of   veterinarian’s records

Top 10 Ways to Reduce Turmoil for Homebuyers

  1. Find a real estate agent that’s simpatico. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the agent you choose is both skilled and a good fit with your personality.
  2. Remember, there’s no “right” time to buy, any more than there’s a right time to sell. If you find a home now, don’t try to second-guess the interest rates or the housing market by waiting. Changes don’t usually occur fast enough to make that much difference in price, and a good home won’t stay on the market long. 

    Monopoly-FullSize

  3. Don’t ask for too many opinions. It’s natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision.
  4. Accept that no house is ever perfect. Focus in on the things that are most important to you and let the minor ones go. Look carefully at the home inspection report but remember, home inspectors cannot pass or fail a home. They will bring to light items of concern that you may has missed during your initial viewing. These items for example can be that the 10 year old hot water tank is past it’s life cycle and should be replaced soon.
    Building without Professionals
  5. Don’t try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to “win” by getting an extra-low price may lose you the home you love.
  6. Remember that your home doesn’t exist in a vacuum. Don’t get so caught up in the physical aspects of the house itself–room size, kitchen–that you forget such issues as amenities, noise level, etc., that have a big impact on what it’s like to live in your new home.
  7. Get financing approved first. Don’t wait until you’ve found a home and made an offer to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.
  8. Account for extra costs. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don’t leave yourself short and let your home deteriorate.
  9. Prepare to be uncomfortable. For most people a home is the single largest investment in their life. Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits.
  10. Treat your home as a home. Choose a home first because you love it; then think about appreciation. While Canadian homes have appreciated an average of 7.3 percent annually over from 2014 to 2019, a home’s most important role is as a comfortable, safe place to live.

Tom Ikonomou RE:MAX City

 

There are more, way more things to consider when buying a home and your real estate professional can guide you through the process. To streamline the process Click HERE

Go West young man, Go West

Vancouver has two main areas. Vancouver East & Vancouver West. In December 2018 the average detached home in Vancouver West sold for $3,306,055 whereas the Average home in Vancouver East sold for $1,480,383 That’s $1,825,672 more for a home on the Westside! However, we are not comparing apples with apples. The other factor you must account for is the size of the lot the home is on.

As of December 2018 there were 494 detached homes listed with an average size lot of 4,270 sq foot, and of the homes that sold, it worked out to $346.63 per sq foot. Of the 549 homes listed on the Westside, the average sized lot was 7,808 sq feet and of the homes that sold, worked out to $423.39 sq foot.

This means for $76.76 per sq foot more.. you would get (on average) a lot that is 3,538 sq feet more. A larger lot generally means a larger home as well.

If you’ve always wanted to live on the Westside, now may be the single best time to do that. For a complimentary, no obligation market evaluation on your home.. give me a shout at 778.879.8366 or send me an email with your name and address to tom@tomikonomou.com

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