June 29, 2018 32

International

The Two Sides Of B.C.’s Foreign Buyer’s Tax

I found this to be either highly ironic, or expertly-timed.

Earlier this week, I read an article about the lawsuit filed in British Columbia on behalf of foreign buyers who believe the Foreign Buyer’s Tax is unfair.

Later in the week, the CMHC released a study that shows most Canadians believe that foreign buyers are influencing the price of real estate.

Two courts are at work here: the courts in British Columbia, and the court of public opinion…

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June 27, 2018 37

Opinion

Open House Etiquette

Here’s a fun topic for Humpday!

How many of you out there attend open houses for sport?  Anyone?  Care to anonymously confirm?

I’d like to address to topic of etiquette at an open house, and depending on whether you’re a buyer, or a seller, you may agree or disagree with my sentiments.

Let’s look at ten areas of interest pertaining to the property, and the open house…

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June 25, 2018 22

Houses

Location, Location……….Not Location, Anymore?

Or maybe “location” is no longer even two of the three most important criteria, as the saying goes.

Maybe now it’s “size, age, location,” or some combination of those.

Throughout 2018, I’ve seen a huge shift in buyer appetite away from location, and toward the overall offering in a home.

Let me explain, and give you a few case studies…

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June 22, 2018 39

Business

Turn Back The Clock: Garth Turner In 2006

A reader sent me this article last week, and I found it quite interesting.

I’m not here today, with the benefit of hindsight, to provide any sort of “I told you so,” but rather to look at why real estate bears like Garth Turner, or Hilliard Macbeth, thought that the Canadian real estate market was set to crash – before it more than doubled in many places.

Cynics will point to the profits these bears have made from directing followers and listeners away from real estate, but there simply must be reasons for their predictions, right?

In this article, Mr. Turner provided several…

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June 20, 2018 25

Business

Agency & Commission: Issues & Questions For 2018

It’s been a while since I’ve talked about commission, and since it always produces a spirited debate in the comments section, and is often viewed as controversial, I figured it would make for a fun day.

But more importantly than that, I know there’s a lot of confusion and misinformation floating around out there specifically about the intersection of agency and commission.

So let me present a few questions and/or comments I often get from buyers and sellers, and without trying to antagonize anybody, or solicit dissenting opinions, simply explain how agency and commission intersect in these situations…

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June 18, 2018 13

Development

How Much Would You Pay To DOUBLE Your Backyard?

It’s been 3 1/2 years since I first blogged about this topic, which on its own, should tell you just how long it takes for some developers to put a shovel in the ground!

The house next door to my mother’s is on a strange “L-shaped” lot, whereby a small, irregular piece of dirt behind her back fence belongs to the house next door.

Back in 2014, I wrote about my discussion with the developer, and how much he wanted for the land.

But today, the newly-constructed houses on the lot are about 70% complete, so I wanted to show you the land in question and get your opinions…

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