Leah Bach

Recent Posts on BCBusiness

Apr 3, 2013
Tax Changes for Real Estate Sales

Goodbye HST, hello PST and GST. Oh, old friends—I am not particularly happy to see you again. While I appreciate the money I’ll be saving at the Cactus Club, I’m not thrilled with having to explain the nuances of your return and our now complex relationship. PST: HST was easy, with 12% Slapped...

Feb 20, 2013
Real Estate Market Reality

As far as investments go, real estate is a pretty solid bet. Year over year almost anyone who bought a house five years ago has made money on their investment. Still, the headlines can be frightening: Home sales slow to near historic levels in Fraser Valley as buyers watch and wait...

Feb 1, 2013
Realtor Rules to Live By

Realtor ethics is bandied about as an oxymoron. But as real estate is a self-regulated industry, as are other professions such as law, accounting and pharmacy, realtors are subject to a strict set of standards and guidelines and it’s important that any potential buyer or seller know these rules before...

Dec 12, 2012
2013 Vancouver Real Estate Forecast

Will the new year bring softer prices and slower sales for housing in the Lower Mainland? December always brings out the crystal ball to predict the next year’s real estate market performance. So, if we make it through December (assuming the Mayans were wrong), here is what I’ve cobbled together for a 2013 outlook.

Nov 21, 2012
Former Grow Ops: Deceiving Real Estate Deals

I had a client who was interested in buying a grow op as an investment. They were sure that if they did all the remediation required by the municipality and upgraded the interior that they would easily flip the property...

Oct 12, 2012
Sounding the Alarm on the Vancouver Real Estate Bubble

Don’t get caught up in the online jabber and sensational headlines about the real estate bubble. I must admit I love Twitter. I have asked for help and offered help. I have received immediate feedback, had a few thousand laughs and met some really interesting people. But what I get the most out of Twitter is real-time information. I don’t click through all of the tweets I read, but often I am drawn to the more provocative tags. Unfortunately, one that...

Sep 24, 2012
Renovating Vancouver Homes for Resale

The new Canadian Mortgage and Housing Corporation report for the third quarter outlined renovations as a key item. The average consumer renovates within three years of purchasing a home with the major work (and expenses) completed in the first year.

Aug 22, 2012
Vancouver Homebuyers to Sit Out Fall Season

Despite historically high numbers in the cooler months, home sales around Vancouver will likely remain flat. Preparing for the fall is a typical process for many of us. I always look forward to the thought of pulling out the sweaters and buying new boots.  My kids are asking about buying school supplies (yes, my children are looking forward to school). Buyers who have long been absent return to the market with the goal of getting into a new house by Christmas...

Aug 8, 2012
B.C. Realtors Not to Blame For Softening Market

Despite rumours to the contrary, real estate agents are just the messengers when it comes to Vancouver’s volatile home prices. Agents do not drive the price of the real estate market. There, I said it. There is no collusion or price fixing. There is no “propping up” of price points. The reality is Realtors will help sellers decide a price threshold for a property, but the seller approves it. In many cases, the seller will dictate the price.

Jul 4, 2012
New Mortgage Rules to Pinch Vancouver Homebuyers

The Canadian Mortgage and Housing Corporation’s tighter restrictions mean more Vancouverites will be pushed out of an already pricey housing market. The Internet is abuzz lately with debate on the speed and depth of the housing price correction in Vancouver. Some discuss the high price/income ratio being the harbinger of the bubble. Others suggest the ratio (while important) cannot cause a massive pricing slump without a recession to push it along.

Apr 30, 2012
Vancouver’s Red-Hot Real Estate Loses its Heat

Is it time for the pundits to admit the real estate (ahem) bubble isn’t popping? In fact, it’s deflating so slowly that sellers are reluctant to adjust their prices to reflect actual market conditions. I mean, really, if you have...

Mar 14, 2012
The Buzz On New Real Estate Developments

Ever thought about buying a new apartment, condo or townhouse? Not just new, but not-yet-built new? If you knew exactly where you wanted to be and saw a hole in the ground, you might begin your search for a new...

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