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So we just did a video for the Stats of January and here are a few things to note.  -The sales ratio in the Richmond BC area is at 8% for single family homes.  This represents a 30% drop in the amount of sales compared to December. -Most of the sales in the Richmond Area for single detached fall in the range of 1.25 to 1.5 million dollars.-The most popular area in the Richmond area for single ...

With most of the buildings lifiing their exisitng age restrictions, the popualr question that i have been getting is what will happen to the market value of my property if the building decides to turn into a 55+ complex.   At this time frame, i'd like to look at a couple of recent data from 2 buildings: Queens Gate which is on General Currie and Sharon Manor on Granville, which are the onl ...

Hey everyone, Just wanted to send this message to few of the people i've talking with.  The reason why you received this video is because we've talked about real estate in one way or another.   So this message is to outline some new things that came across the real estate industry thats pretty much brand new to 2023.  First, the change of strata bylaws on two major sections:1. stratas ar ...

So you;re about to receive you r property tax assessment in the mail, or if you dont want to wait or you don't receive it, you can look it up by googling "BC Tax Assessment" Here's a few quick things to know about your assessment.1. This assessment was conducted in July, which doesnt represent the current market2. This assessment is primarily for tax purposes.  Even though theyre for tax pur ...

So, in the start of 2023, BC will be introducing this new thing called "The Cooling Off Period." This was designed to protect buyers by giving them a 3 day period to rescind their accepted offer on aproperty.  This was a reaction because of how many subject free offers were being thrown around in the marketplace, and this is what buyers had to be able to compete in an uber competive market.  ...

The Family First Real Estate Business Plan for 2023 is finally done! (better late than never) We've been working on this project for weeks, but why is this important? Our annual business plan include: -a schedule to to keep our past clients informed on what's happening in their neighbourhood and their investment -a plan that helps our clients understand annual trends -educating ...

In early January, you will be receiving yourproprty tax assessment for 2023. The information in the following video has helped answer many common questions that people had about their property tax assessment. Please feel free to reach out if you have any further questions we can answer for you! Questions such as:What are assessments based on?What is the purprose of your tax assessment? ...

From now till December 15, the Richmond Family Skate Team will be running our 3rd annual food drive helping our friends at the Richmond Food Bank We started this initiative during covid 19 as the amount of families in need of food were growing through these difficult times.Now with most of covid 19 behind us, the amount of families in need still continue to grow in OUR community.Your contribu ...

So, just like the announcement to eliminate strata rentals, the provinial government announced a plan to eliminate age restrictions as well.  One group that will still be protected are strata complexes that are 55+, or senior residence complex.And of course, this was an initiative to tackle the housing availibility issue.  Although the sentiment is great that adult oriented properties will n ...

The strata curve ball part 1So, stratas in BC received this huge curve ball just this week.  In an order to tackle housing availability, the provincial government announced a plan to eliminate rental restrictions in strata properties.  Of course, with the exception of buildings that have an age restriction of  55 plus, other complexes that have rental restrictions will be a thing of the past. ...