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karamysh/Shutterstock Whether you’re seriously considering buying, or just dipping your toe into BC’s skyrocketing real estate market, there’s one thing you’ll encounter very quickly if you try to put in an offer on a property these days: Almost everything is a bidding war. Buying a home increasingly requires going all-in like a hand of poker, offering thousands of dollars more than the list price and forgoing simple conditions like an inspection or financing. Even then, the bids are eye-watering: A condo in Tofino last week went more than $1 million over-asking, a Vancouver bungalow on West 28th Avenue ended up at $502,000 above the list price two weeks ago, and a five-bedroom rancher on West 41st Avenue went for $5.66 million in February a staggering $1.68 million over the initial price, as bidders crawled over themselves to one-up each other’s offer. ....
The Real Estate Council of B.C. and the Office of the Superintendent of Real Estate said that in the first three months of 2021, they have seen an increase in inquiries and complaints. ....
Heightened Market Activity Prompts Real Estate Regulators to Caution Consumers News provided by Share this article OSRE logo (CNW Group/Real Estate Council of BC) Real Estate Council of BC and Office of the Superintendent of Real Estate urge buyers to do their research before making an offer VANCOUVER, BC, April 9, 2021 /CNW/ - With real estate market activity in BC continuing to increase, the Real Estate Council of BC (RECBC) and Office of the Superintendent of Real Estate (OSRE) are encouraging British Columbians to be aware of the potential risks and do their research before making an offer on a home. ....
Immobilier Colombie-Britannique : éviter les pièges quand le marché prospère rcinet.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rcinet.ca Daily Mail and Mail on Sunday newspapers.
Single regulator for real estate on the way in | Columbia Valley, Cranbrook, East Kootenay, Elk Valley, Kimberley, Ktunaxa Nation e-know.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from e-know.ca Daily Mail and Mail on Sunday newspapers.