Tamara Bridal's December Newsletter - 71st Edition

Tamara Bridal - Personal Real Estate Corporation

EXP Realty

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Strata Rental Restrictions Are Gone and Age Restrictions Limited to 55+

 

The BC Government has amended the BC Strata law. Condos and townhomes under strata law can no longer restrict rentals or restrict properties by age. 

Amendments to the Strata Property Act will end all strata rental-restriction bylaws and limit age-restriction bylaws so that the only permitted age restriction is to preserve and promote seniors’ housing through the “55 and over” rule in strata housing. Moving forward, it will not be permissible for strata to have 19-plus age restrictions; however, “seniors only” strata will still be allowed.

For an in depth look at the details, click here to read the new bill: Click Here



Canada's Foreign Buyer Ban Starts January 1, 2023

 

In just under three weeks, the Federal Government of Canada's new Foreign Buyer rules come into effect in an effort to cool what was a very hot countrywide housing market.

Canada will ban foreign nationals from buying homes starting January 2023 – with notable exemptions for permanent residents and temporary residents, including temporary workers and international students.

Finance Minister Chrystia Freeland says the ban on foreign ownership of homes is needed to curb house prices in Canada and prevent them from rising so high as to push working-class and young Canadians out of the real estate market.

“We will make the market fairer for Canadians,” said Freeland. “We will prevent foreign investors from parking their money in Canada by buying up homes. We will make sure that houses are being used as homes for Canadian families rather than as a speculative financial asset class.” 



Scotch Tasting.....

 

For those who don't know me, I love my Scotch....no I didn't always love it, but over the years I have developed the taste.  I love whiskey, bourbon too!!  Us four went to a scotch tasting in Vancouver a few weeks ago and of course my hubby and Daina don't like Scotch so they took off and went looking for the beers and ciders etc LOL and Art and I went to enjoy the amazing Scotches.  We def tried allot.  These were just a few of our fav on my list.  Anyone out there a Scotch lover??  What is your fav?  



Happy Holidays

 

Happy Holidays to your family from ours!  Every year we get dressed up and have a chef come in and have a couple other friends join us for our yearly tradition.  This year I transformed our living room into a winter wonderland and we enjoyed an amazing meal from our Chef.  We enjoy this tradition every year.  Do you have a tradition that you love to do?  



6 Reasons Why Winter Is Actually the Most Chill Time to Buy a Home

 

When the weather outside is frightful, trudging door to door to look at houses might seem like a fool’s errand. Everybody knows spring and summer are the home-buying seasons, and winter is the time when you—and sellers—cool it for a bit and take a break, right?

While it’s true that things do slow down in the winter, that’s not necessarily a bad thing. Yes, it’s cold. Yes, fewer homes are for sale. Yes, moving in a snowstorm is a pain no one should experience. But there are quite a few darned smart reasons to buy a home in the winter. In fact, we’d argue that this might even be the best time to buy a home—if you can. Here’s why.

1. There’s less competition

Not everyone’s willing to look at homes in single-digit temperatures. The months of May, June, July, and August make up 40% of existing-home sales, while January and February account for less than 6%.

For sellers, that’s not-so-hot news. But buyers should rejoice.

“Buying in the winter knocks out a large chunk of the buyer competition, allowing you to be a bit more selective with your home purchase,” says Cincinnati real estate agent Eric Sztanyo.

Sure, more summer inventory means there’s a better chance of finding your dream home. But your chances of successfully buying any home are higher when it’s chilly. Fewer buyers mean fewer all-cash, over-asking offers—making your traditionally financed offer more appealing.

2. Sellers are motivated—and willing to make a deal

Most likely, sellers listing their home in the depths of winter seriously want to sell. That gives buyers the upper hand.

Continue Article Here...



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