Real Estate Blog

Bank of Canada  Increases Policy Rate by 0.25% - First Rate Hike Since 2018!

Posted on Mar 03, 2022 in Resources

The Bank of Canada increased the overnight lending rate by a quarter percentage to 0.5%.


"The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline." 

The Bank stated that fu...

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Property Tax and Empty Homes Tax Deadlines: Feb 2, 2022

Posted on Jan 31, 2022 in Resources



Property Tax 
Property tax is due twice a year in the City of Vancouver: the Advance Tax Levy and the Main Tax Levy. Ensure you make the full payment prior to the deadline to avoid a 5% penalty on any outstanding balance.
  • Advance Tax Levy Deadline: February 2, 2022
  • Main Property Tax Levy Deadline: July 5, 2022
Pay your property taxes HERE

Empty Homes Ta...

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Webinar: Leveraging the Equity in Your Home with CIBC

Posted on Jan 18, 2022 in Resources


Often times, home owners will purchase a home, live in it themselves (as a primary residence), and pay down the mortgage as years go by. I've spoken to a number of people who are waiting to accumulate enough savings before purchasing another property or more investments. However, they had no idea that they could tap into the equity that they've bui...

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Home buyers willing to pay more to be close to skytrain!

Posted on Oct 08, 2020 in Resources


You've all seen the news reports circulating that people are leaving the city in droves to the suburbs! Yes, that's true. However, there are still plenty of people who live in the city and rely on public transportation to get around! If you're considering on buying an investment property or a home with potentially higher long-term appreciation valu...

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7 Reasons to Hire a Realtor When Buying Pre-sale Property

Posted on Sep 03, 2020 in Resources


What is a pre-sale home? 
A pre-sale home is a home that is available to purchase prior to being move-in ready. You can purchase either before construction start or during construction.
It boggles my mind when I meet Buyers who prefer to buy a pre-sale unit straight from the Developer! Not only does this put the Buyer at risk, but it could also mean...

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Ask a Notary Public in Vancouver

Posted on Apr 22, 2020 in Resources

Frequently Asked Questions:
1. When in life do I need a notary public's service?
2. How do I verify a notary is legit?
3. What's the difference between a real estate lawyer and notary?
4. At what point should I engage with a notary when I purchase or sell my property?
5. How has your business process changed since the pandemic?

If you have further questi...

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Get In Touch

Cari Mai
Personal Real Estate Corporation

Mobile: (604) 727-9922

Phone: (604) 620-6788

EMAIL

Office Info

Oakwyn Realty Ltd

3195 Oak Street  Vancouver,  BC  V6H2L2 

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