Blog

News release from BC Government which you are aware of but here I am posting it again.

The Province is implementing a number of additional measures to keep people housed and protect their health. The full list of immediate measures includes:

• The new temporary rent supplement will provide up to $500 per month, paid directly to landlords.
• Halting evictions by ensuring a landlord may not issue a new notice to end tenancy for any reason. However, in exceptional cases where it may be needed to protect health and safety or to prevent undue damage to the property, landlords will be able to apply to the Residential Tenancy Branch for a hearing.
• Halting the enforcement of existing eviction notices issued by the Residential Tenancy Branch, except in extreme cases where there are safety concerns. The smaller number of court ordered evictions are up to the courts, which operate independently of government.
• Freezing new annual rent increases during the state of emergency.
• Preventing landlords from accessing rental units without the consent of the tenant (for example, for showings or routine maintenance), except in exceptional cases where it is  needed to protect health and safety or to prevent undue damage to the unit.
• Restricting methods that renters and landlords can use to serve notices to reduce the potential transmission of COVID-19 (no personal service and allowing email).
• Allowing landlords to restrict the use of common areas by tenants or guests to protect against the transmission of COVID-19.

Steady demand and low supply benefits home sellers

February saw steady home buyer demand and reduced home seller supply across Metro Vancouver.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,150 in February 2020, a 44.9 per cent increase from the 1,484 sales recorded in February 2019, and a 36.9 per cent increase from the 1,571 homes sold in January 2020.

Last month’s sales were 15.6 per cent below the 10-year February sales average.

Continue reading

Insurance Brokers Association of BC

Recently there has been lots of discussion and concern about strata insurance in our real estate industries.   Some strata corporations are having trouble to obtain insurance and some have their premiums increased tremendously, and some have huge increases in their deductibles and some are relatively unchanged.

Here below is an article from the Insurance Brokers Association of BC which outlining why there is a problem and how it has affected some strata corporations.      

INSURANCE BROKERS ASSOCIATION OF BC

If you are a strata property owner, please obtain a copy of your strata building insurance policy or policies, and discuss with your insurance broker with the updated information.  

When you are planning to purchase a strata property and have concerns, you’re welcomed to contact me for any questions.  I’d like to help!

Punctual and Helpful

We found Eva Li very helpful in the sale of our property.  She was always punctual and easily accessible.  As we were new to this process, in the closing of the sale of the property, Eva also helped us in matters which are new to us, for example: when to disconnect the hydro, cable, telephone, and cancel the insurance etc.  We would recommend Eva to all our friends and family.  She is “A+”.  Thank you Eva! – John Romanow, Donna and Cliff Mayoh

 

Home sale activity up, supply down to start 2020

Home sale and price activity remained steady in Metro Vancouver to start 2020 while home listing activity declined in January.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,571 in January 2020, a 42.4 per cent increase from the 1,103 sales recorded in January 2019, and a 22.1 per cent decrease from the 2,016 homes sold in December 2019.

Last month’s sales were 7.3 per cent below the 10-year January sales average.

Continue reading

Client Review!

French philosopher Voltaire wrote: “Appreciation is a wonderful thing.  It makes what is excellent in others belong to us as well.”

I have received a gift with a ‘Thank You’ card from a client family last Sunday.

“Dear Eva,

We wanted to express our appreciation in making it possible for us to purchase our first new home.

All the best to you and yours in the new year.

Cheers,

D, R, I and G “

p.s.  The family has preferred to stay low profile and requested to use initials only.

Sold 209 – 211 Twelfth Street

Am very delighted to help my client Gigi to get her first dream home.

Here below is a review independently done by RankMyAgenti:

“Eva Li helped me to buy my first property. Eva is quick to respond to my messages and questions. She is accommodating to my schedule and gets everything done professionally and in a timely manner.”

Gigi Li

Q. Did you get the home value you desired from this transaction?

A. Yes

Q. Would you use this professional again?

A. Yes

When you’re planning to sell or buy real estate, please contact Eva Li.

Let Eva’s expertise works for you.

Home sales decline below long-term averages in 2019 despite increased demand to end the year

The Metro Vancouver housing market experienced below average sales activity and moderate price declines in 2019.

The Real Estate Board of Greater Vancouver (REBGV) reports that sales of detached, attached and apartment homes reached 25,351 in 2019, a three per cent increase from the 24,619 sales recorded in 2018, and a 29.6 per cent decrease over the 35,993 residential sales in 2017.

Last year’s sales total was 20.3 per cent below the region’s 10-year sales average.

Continue reading