Vancouver Real Estate – Market Analysis & New Rule

Vancouver Real Estate - Market Analysis & New Rule

Real Estate investment can offer many advantages over other types of investments such as higher potential returns, stability, inflation hedging, and diversification. Investing over Real Estate has always been considered a better source of income for the future years. It is a purchase of future income stream from property or land. If compared to stocks or bonds, an investment in Real Estate is backed by a high level of brick and mortar. This decreases the principal-agent conflict or the extent to which the interest of the investor is dependent on the integrity and competence of managers and debtors.

Vancouver Real Estate - Market Analysis & New Rule

Vancouver Real Estate – Market Analysis & New Rule

Real Estate Investment Vancouver

Real Estate Bubble is hard to identify and it becomes harder when it comes to Vancouver and British Columbia since both these places have historically been showing strong resistant to the housing bubble. Vancouver has positioned the third least affordable major housing market in the world, after Hong Kong and Sydney, according to the 14th edition of Demographia Internationalā€™s annual Housing Affordability Survey.

Investment in Vancouver Real Estate: Ray of Hope

Housing sales in the Vancouver region are rising while prices decline to their lowest level in 27 months. Investing in the Vancouver Real Estate can yield you profit, all you need is time and dedication to research, investigate, and analyze the property, before investing. You cal also choose Experienced Players of this field to help you out with 100% genuine and legitimate property listings.

Top 5 Most Affordable Metro Vancouver Markets for Apartments as per the latest market research

 

  • Maple Ridge
  • North Delta
  • Ladner

Now let us talk about two important updates in Vancouver Real Estate(British Columbia)

Single Crown agency: New Agency for Real Estate Monitoring

The British Columbia government has established a Single Crown agency for regulating the provinceā€™s real estate industry. According to the Finance Ministry, BCFSA will now be tasked with real estate licensing, conduct, investigations, and discipline. The main task of this new agency will be to streamline and modernize regulation for better monitoring of money laundering. The new agency is governed by a board of directors, appointed by the government of the day, and currently headed by CEO Blair Morrison.

Title Insurance: What is Title Insurance & Why is it important

Title insurance is a form of indemnity insurance predominantly found in the United States and Canada which insures against financial loss from defects in title to real property and the invalidity or unenforceability of mortgage loans. Unlike some land registration systems in countries outside the United States, US states’ recorders of deeds generally do not guarantee indefeasible title to those recorded titles. Title insurance will defend against a lawsuit attacking the title or reimburse the insured for the actual monetary loss incurred up to the dollar amount of insurance provided by the policy.

Title Insurance is in Canada for around 20 years, placed to protect the lender from fraud in a variety of areas. Most recently lenders have been insisting on it. You only need to pay once for this Insurance as compared to other Insurances. It is done at the time of taking out a mortgage and purchasing the property. It ranges for a couple of hundred dollars for properties under a million. Title Insurance gets you protected from con artists, borrower fraud, & lawyer and notary defalcation. This makes it essential to have.

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