Dominic Darmanin

Cell: 604-788-1476 |

The New York state senate has approved a bill (not yet signed by Governor Cuomo) making it illegal for people to even advertize renting out their home for less than 30 days. Should someone contravene this bill they would face $1,000, $5,000 and $7,500 in successive fines for their first three transgressions.

 

Meanwhile in Vancouver, Mayor Gregor Robertson wants to ban Airbnb rentals altogether unless they purchase a business license from the city. According to Robertson:

 

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Just like anything else we do in life, if we do something on a regular basis we generally get really good at it. Negotiating the sale or the purchase of a home is a fundamental skill that all Realtors must master if they are to represent their client's best interests. Realtors become proficient negotiators through the experience of being exposed to various scenarios and personality types on a regular basis. I think all Realtors would agree that no two deals are alike. Every contract we negotiate has...

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The Greater Vancouver real estate market is no longer insular. It is subject to a global economic, social and political interconnected network of forces and variables which greatly reflects in the value of our homes. Invariably, the economic and political policies of China, the US and the European Union in particular affects what happens to our home prices as much as our own Provincial and Federal government policies do.

 

 As a realtor it is sometimes challenging to keep pace with the direction...

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The numbers speak for themselves, no two ways about it!

 

            The Canadian and international press reported on October 26th that the Metro Vancouver market has plummeted with the rate of foreign investment dramatically dropping to 1.3% from 13.2% which was the seven week average just prior the 15% foreign buyers tax being introduced on August 2.

            I don't know what the...

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So the B.C. Government has appointed a superintendent for real estate in response to the shady activities of a relatively few realtors primarily in Vancouver. Mr. Michael Noseworthy's task is to restore consumer confidence in the industry which was scarred by the opportunistic and unethical  conduct of those few realtors who engaged in shadow flipping. The Real Estate Council of B.C. which was the self-regulatory body responsible for dealing with shadow flipping in the first place simply did...

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Opportunistic Foreign Buyers Dictate Our Real Estate Market
The numbers speak for themselves, no two ways about it!


The Canadian and International Press reported on October 26th that the Metro Vancouver market has plummeted with the rate of foreign investment dramatically dropping from 13.2% to 1.3% which was the seven week average just prior the 15% foreign buyers tax introduced on August 2.
I don't know what the Provincial Government thought would happen with the introduction of the 15% tax but I'm...

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Real Estate Reality

The Greater Vancouver real estate market is no longer insular. It is subject to a global economic, social and political interconnected network of forces and variables which greatly reflects in the value of our homes. Invariably, the economic and political policies of China, the US and the European Union in particular affects what happens to our home prices as much as our own Provincial and Federal government policies do.

As a realtor it is sometimes challenging to keep pace with...

Read full post

More Government Bureaucracy Isn't the Answer To Deal With A Few Greedy Realtors

The B.C. Government has appointed a superintendent for real estate in response to the “shady activities” of relatively few realtors primarily in Vancouver. Mr. Michael Noseworthy's task is to restore consumer confidence in the industry which was scarred by the opportunistic and unethical conduct of those realtors who engaged in shadow flipping. The Real Estate Council of B.C. which was the self-regulatory body...

Read full post
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