Revocation is the withdrawal of an offer prior to the formation of a binding contract of purchase and sale. For REALTORS®, given the time pressure and risk involved, this represents a significant potential liability and it is an area that should be navigated with the assistance of your managing broker, in addition to your client …
For the complete news release, including detailed statistics, click here. Vancouver, BC – July 13, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 8,740 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in June 2023, an increase of 21.9 per cent from June 2022. The average MLS® residential …
With housing prices near record levels and stubbornly high interest rates, it is hardly surprising that many buyers have and will continue to turn to “mortgage helpers” or secondary suites to supplement their income or increase their purchasing power. According to a May 2023 article from Statistics Canada1, British Columbia has, by-far, the most “investor-occupants” …