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Buyers Posts

airbnb regulations vancouver
Buyers

Vancouver Airbnb Rules: Understanding New Short-Term Rental Rules 2026

When I first started advising clients about the short-term rental market in Vancouver back in 2003, the landscape looked completely different. Property owners could list spare rooms, secondary suites, or entire investment properties with relative ease. But after witnessing the dramatic shift in shor

Richard Morrison
pros and cons of owning a condo in vancouver bc
Buyers

Pros and Cons of Owning a Condo in Metro Vancouver

Are you considering buying a condo in BC Canada? After helping hundreds of buyers navigate Metro Vancouver's real estate market over the past decade, I can tell you that condos represent one of the most attractive entry points into homeownership—especially for first-time buyers facing Vancouver's no

Richard Morrison
Advantages of Buying an Old Home in BC Canada
Buyers

Advantages of Buying an Old Home

Do you want to buy an old house? Old homes have character and advantages. As a real estate expert , I'll explain the advantages of buying an older home. Buying an old home has many benefits, from cost savings to historic preservation. Let's examine their benefits! From my personal experience, cost s

Richard Morrison
How to Sell a House to a Friend in Canada
Buyers

How to Sell a House to a Friend in Canada

Selling a house to a friend is difficult. Selling your home to a friend involves many factors beyond money. Selling your house to a friend in Canada can be easy with some planning and knowledge of Canadian laws and regulations! I'll explain how to sell your house to a Canadian friend in this article

Richard Morrison
Buying a House Jointly With Parents in Canada
Buyers

Buying a House Jointly With Parents in Canada

Buying a house  is a major life choice. It involves complex legal processes, financial commitments, and other factors. So if you’re both Canadian, buying a house with your parents is even more complicated! We have all the information you need to navigate this tricky process. This article discusses t

Richard Morrison
Buying a House While Separated in Canada
Buyers

Buying a House While Separated in Canada

When Sarah walked into my office last spring, her hands were trembling slightly as she clutched a folder of paperwork. "I found the perfect house for me and the kids," she said quietly. "But I'm still legally married. Can I even do this?" It's a question I've heard dozens of times throughout my 15+

Richard Morrison
Non Arm's Length Real Estate Transactions Explained
Buyers

Non Arm's Length Real Estate Transactions Explained

Hi there! Are you buying or selling property? What is a "non-length arm's transaction"? Don't worry—I'll help. I'll explain how non-length arm's transactions could affect your real estate deal in this article. Quick Takeaway: A non-arm’s length transaction in real estate occurs when buyers and selle

Richard Morrison
How Can I Buy a House For My Parents in Canada?
Buyers

How Can I Buy a House For My Parents in Canada?

Good day, dear readers! We are sure you are here because you are looking for a step-by-step guide on how to buy a house for your beloved parents. Buying a house for your parents is such a touching and meaningful gesture – why not give them the stability of owning their own home? You […]

Richard Morrison
How to Buy a House With Multiple Owners or Friends
Buyers

How to Buy a House With Multiple Owners or Friends

When my client Sarah told me she was buying a house with three of her college roommates in Vancouver, I thought she was crazy. "You're going to co-own property with three other people?" But six months later, after helping her navigate the process successfully, I realized something important: buying

Richard Morrison
How To Buy A House From A Family Member in Canada
Buyers

How To Buy A House From A Family Member in Canada

Purchasing a home from a relative can be an excellent way to climb onto the property ladder. But navigating the legal and financial complexity requires preparation.  Key Takeaways Let's start with an overview of the key steps and considerations: This may seem daunting, but being informed at every st

Richard Morrison
How to Make an Offer on a Pending Sale
Buyers

How to Make an Offer on a Pending Sale

You’ve found the perfect house and you can already imagine yourself living there. But, when you check out the listing, it says “pending sale.” Is all hope lost? Not necessarily! Making an offer on a pending sale can be tricky but if done correctly, you could find yourself in your dream home sooner t

Richard Morrison
Can You Put An Offer In On More Than One Property
Buyers

Can You Put An Offer In On More Than One Property In BC?

Buying a house is never easy, especially when you're juggling multiple property interests. In British Columbia (BC), it's  legally possible  for homebuyers to  place an offer on more than one house simultaneously. Yes, you can put offers on more than one property in BC, Canada, but it carries legal

Richard Morrison
Dates In A Real Estate Offer In Vancouver BC
Buyers

Dates In A Real Estate Offer In Vancouver BC, Canada

When I first started helping buyers navigate real estate transactions in BC, I thought dates were just administrative details: pick a day, sign the paperwork, move in. Simple, right? But after witnessing dozens of deals fall apart over misunderstood timelines and watching first-time home buyers scra

Richard Morrison
How To Buy A Home In Vancouver
Buyers

How To Buy A Home In Vancouver – What They Dont Tell You

When I first helped my client navigate the Vancouver real estate market, she thought the process would be straightforward. But after three months of house hunting, multiple offer situations, and unexpected closing costs totaling over $30,000, she realized buying a home in Vancouver is far more compl

Richard Morrison
Pros and Cons of Buying a Single-Family Home in BC
Buyers

What Are the Pros and Cons of Buying a Single-Family Home in BC?

Buying a single-family home in British Columbia offers privacy, land ownership, and long-term appreciation potential. However, high purchase prices, property taxes, and maintenance costs increase financial risk. Market volatility and stricter mortgage qualification rules in BC further affect afforda

Richard Morrison
pros and cons of rent to own homes in Canada
Buyers

Rent-to-Own Homes in BC: Pros & Cons of Rent to Own

When I first started working with clients struggling to break into BC's housing market, I thought rent-to-own arrangements were just a creative financing gimmick. But after helping dozens of families navigate these agreements over the past decade, I realized the truth about rent-to-own homes is far

Richard Morrison
Can Work Permit Holders Buy Houses in Canada
Buyers

Can Work Permit Holders Buy Houses in Canada?

Can I buy a house in Canada on work permit? Canada's red-hot housing market has left many potential homebuyers priced out. In response, the federal government enacted a two-year ban prohibiting most foreigners from purchasing residential property, effective January 1, 2023. But the devil is in the d

Richard Morrison
Is Now a Good Time to Buy a House During A Recession?
Buyers

Is Now a Good Time to Buy a House During A Recession?

When the news headlines start screaming about economic downturns and recession fears, most people's first instinct is to slam on the financial brakes. I've watched countless potential homebuyers sit on the sidelines during uncertain economic times, convinced they're making the smart move. But here's

Richard Morrison
home ownership options canada
Buyers

Types of Home Ownership in Canada

In Canada, various types of home ownership await discovery, each offering unique benefits and challenges—what's the right fit for you?

Richard Morrison
buyer s agent advantages and disadvantages
Buyers

Pros and Cons of Using a Buyers Agent

Pros and cons of using a buyer's agent can greatly impact your home search—discover what to consider before making your choice!

Richard Morrison
how to negotiate a house price as a buyer
Buyers

How To Negotiate House Price As a Buyer in BC

Listen, I've been negotiating real estate deals in Vancouver and across British Columbia for over 20 years, and I'll tell you straight—knowing how to negotiate effectively can save you tens of thousands of dollars. I've watched buyers leave money on the table because they didn't understand the art o

Richard Morrison
Ozzie Jurock's Vancouver Real Estate Market 2026 Ozbuzz Forecast
Buyers

Ozzie Jurock's Vancouver Real Estate Market 2026 Ozbuzz Forecast

As 2024 starts, it's time to reflect on 2043 as another year of twists and turns in Canadian real estate. From soaring mortgage rates to tax changes aimed at cooling markets, it has been a volatile ride. While uncertainty still looms in 2025, my decades of experience provide perspective. I've gleane

Ozzie Jurock
annual events in Vancouver
Buyers

Annual Events in Vancouver

I have lived in Vancouver for over 30 years and I have experienced many of these events myself. Its a pleasure to showcase them here for you. Vancouver is a vibrant and exciting city, with plenty of activities to keep locals and visitors alike busy throughout the year. With so many annual events tak

Richard Morrison
Condo Maintenance Fees by Size and Age of Unit: Avg Strata Fees BC
Buyers

Condo Maintenance Fees by Size and Age of Unit: Avg Strata Fees BC

If you’re thinking about buying a condo in Vancouver, you should know how much the monthly maintenance fee will be. Quick Takeaway: The fee can vary widely from one hundred to thousands dollars a month depending on the size of the unit, or 0.40ish cents per square foot. Condo maintenance fees (strat

Richard Morrison
Should You Buy a House Or Travel Around the World?
Buyers

Should You Buy a House Or Travel Around the World?

Buying a house or travelling the world has been debated for centuries. Like standing at a crossroads and not knowing which way to go. Roots and stability versus adventure, freedom, and exploration. Both paths are uncertain but can lead to amazing experiences if chosen correctly. Buy a house or trave

Richard Morrison
Can I Use Multiple Real Estate Agents As A Buyer?
Buyers

Can I Use Multiple Real Estate Agents As A Buyer?

Homebuying can be thrilling and terrifying. You may have many questions if you're considering using multiple real estate agents . Is it legal? Is that wise? How would it work? I'll answer all your questions from my experience and expertise! This article describes using multiple real estate agents wh

Richard Morrison
How to Know If the Title of the House is in My Name in BC
Buyers

How to Know If the Title of the House is in My Name in BC

Are you in the process of buying a house and not sure if the title is in your name? Or perhaps you are curious about how to know whether or not the title of a property has been transferred into your name? Well, understanding real estate titles can be confusing, but it doesn't have to […]

Richard Morrison
What Typically Comes With a House When You Purchase It?
Buyers

What Typically Comes With a House When You Purchase It?

Buying a house is one of the most exciting moments in life! You can’t wait to move in and make it your own, but do you really know what you’re getting? When you buy a house, do you actually own everything that comes with it? It's worth taking some time to get clued up on […]

Richard Morrison
How to Protect Yourself From Real Estate Title Fraud in Canada
Buyers

How to Protect Yourself From Real Estate Title Fraud in Canada

Title fraud is a growing threat to Canadian homeowners. This type of fraud involves stealing the legal ownership of a property through identity theft and fraudulent documentation. The criminals then sell or remortgage the home without the real owner's knowledge or consent. Victims often don't realiz

Richard Morrison
Do I need owner's title insurance for new construction?
Buyers

Do I Need An Owner's Title Insurance For New Construction in BC?

Are you building a new home or investment property? If so, it’s important to understand the importance of owner’s title insurance. In Short: Yes, you should get owner’s title insurance for new construction in BC. Even with a new build, title insurance protects against title defects, fraud, survey er

Richard Morrison
Pros and Cons of Buying a Townhouse in BC
Buyers

Pros and Cons of Buying a Townhouse in BC Canada

Are you considering buying a townhouse? The pros of buying a townhouse in BC, Canada include affordability compared to detached homes, lower maintenance since exterior upkeep is typically covered, and access to shared amenities. The cons include limited privacy due to shared walls, potential strata

Richard Morrison
Pros and Cons of Pre-Rental Property: Pre-Leased Property Guide
Buyers

Pros and Cons of Pre-Rental Property: Pre-Leased Property Guide

Buying a pre-rental property can be an exciting and profitable endeavor for many people. After all, it’s the perfect opportunity to move into your own home or get some extra income from rent payments. But what are the pros and cons of buying a pre-rental property? Before making a decision, it's cruc

Richard Morrison
pros and cons of buying a new home
Buyers

Pros and Cons of Buying A New Construction House in Vancouver

When I first started working with buyers interested in brand-new developments in Vancouver, I thought the appeal was obvious – pristine finishes, modern layouts, and that new-home smell. But after guiding dozens of clients through pre-construction purchases in British Columbia, I realized the truth

Richard Morrison
Can I Back Out of Buying a House After an Inspection in BC?
Buyers

Can I Back Out of Buying a House After an Inspection in BC?

You've just received your home inspection report, and your stomach drops. What looked like your dream home now has found`ation issues, electrical problems, or hidden water damage that'll cost tens of thousands to fix. The big question racing through your mind: can you actually walk away from this de

Richard Morrison
can contractors do a home inspection
Buyers

Is it Normal to Bring a Contractor to a Home Inspection?

Hey there! Are you planning to buy a new house? Congratulations, that's an exciting endeavor. Buying a home is no small investment In short, a contractor can do a home inspection in BC only if they are a licensed home inspector under BC’s regulatory requirements. Most contractors are not certified,

Richard Morrison
How to Find a Good Home Inspector
Buyers

Find a Home Inspector in BC: British Columbia Home Inspection 

When Sarah and Michael put in an offer on their dream home in Kelowna last spring, they thought they'd found the perfect property. But after hiring what turned out to be an inexperienced home inspector, they discovered—six months after moving in—that the "minor moisture issue" mentioned in passing w

Richard Morrison
Renovate, Rebuild, or Demolish a Home? Guide to Remodeling
Buyers

Renovate, Rebuild, or Demolish a Home? Guide to Remodeling

When I first stood in front of my client's aging 1970s bungalow twenty years ago, I faced the same gut-wrenching question that thousands of homeowners wrestle with every year: should they pour money into renovating this place, or tear it down and start fresh? After consulting with contractors, archi

Richard Morrison
Tax Sales in Metro Vancouver BC: Property Auctions in 4 Cities
Buyers

Tax Sales in Metro Vancouver BC: Property Auctions in 4 Cities

Tax sales occur annually in cities across British Columbia when property owners fall delinquent on their property taxes. After three years of unpaid taxes, municipalities can auction these properties to recoup the unpaid taxes. Tax sales represent an opportunity for new homebuyers or real estate inv

Richard Morrison
Should You Wait Till Interest Rates Go Down to Buy a Home in BC?
Buyers

Should You Wait Till Interest Rates Go Down to Buy a Home in BC?

When I first started helping clients navigate the Metro Vancouver housing market, I thought the answer to this question was obvious: wait for lower rates. But after working with hundreds of homebuyers through multiple interest rate cycles—and watching some clients miss out on their dream homes while

Richard Morrison
Interest Rate Impact on the Real Estate Market
Buyers

Impact of Interest Rate on BC Real Estate Market: Cuts and Rising Rates

When I first started tracking monetary policy shifts back in 2008, I thought interest rate movements were just another financial metric that didn't really move the needle for everyday homebuyers. But after witnessing three complete rate cycles and helping hundreds of clients navigate Vancouver's not

Richard Morrison
Are Log Homes in BC Canada More Expensive to Insure?
Buyers

Are Log Homes in BC Canada More Expensive to Insure?

Are log homes in BC Canada more expensive to insure? Log cabins are becoming an increasingly popular choice for Canadians looking for a beautiful, rustic home. But is the cost of insurance worth it? In this article, we'll explore the pros and cons of insuring a log cabin in Canada. I'll look at how

Richard Morrison
Pros and Cons of Buying Waterfront Property in Canada
Buyers

Pros and Cons of Buying Waterfront Property in Canada

Have you ever stood at the edge of a lake at sunset and thought, "What if I could wake up to this every single day?" You're not imagining something impossible. You are imangining possibilities. The main difference between the pros and cons of buying waterfront property is lifestyle value versus risk

Richard Morrison
Mansion Ownership: The Pros and Cons of Owning a Mansion
Buyers

Mansion Ownership: The Pros and Cons of Owning a Mansion

The main difference between the pros and cons of buying a mansion is cost versus benefit. A mansion offers large living space, premium amenities, and strong privacy, but it also requires high maintenance costs, elevated property taxes, and increased utility expenses that can exceed several thousand

Richard Morrison
Assessed Value vs Market Value in BC: Understanding the Difference 
Buyers

Assessed Value vs Market Value in BC: Understanding the Difference 

Determining the true value of your home can be confusing. You likely receive a property assessment notice from BC Assessment each year with an assessed value. But is this the same as the market value – what buyers are actually willing to pay? The differences between assessed value and market value a

Richard Morrison
Why Buyers Must use a Buyer’s Agent after 2018 – BC Buyers Agency Agreement.
Buyers

Why Buyers Must use a Buyer’s Agent after 2018 – BC Buyers Agency Agreement.

We have always said that Home buyers should always have their own agent. But now, as of 2018, BCFSA ( BC Financial Services Authority ) has mandated that dual agency is not allowed . This means that you NEED an agent representing your side because the listing agent is only allowed to look out for [&

Richard Morrison
Can a Corporation Buy a House in Canada?
Buyers

Can a Corporation Buy a House in Canada?

In this article, we'll explore the ins-and-outs of corporate property purchases in Canada. Yes, a corporation can buy a house in Canada. Businesses often purchase real estate for rental income, employee housing, or investment purposes. Corporate-owned properties may have tax advantages but also face

Richard Morrison
How Much Does a Home Appraisal Cost in BC?
Buyers

How Much Does a Home Appraisal Cost in BC

How Much Will A Home Appraisal Cost In In BC Canada Ah, home appraisals – the bane of any homeowner's existence… and wallet. We can all relate to that sinking feeling in our stomachs when we find out just how much these dreaded appraisals are gonna cost us! A home appraisal in BC typically […

Richard Morrison
What Happens When a Home Appraisal Comes in Low?
Buyers

What Happens When a Home Appraisal Comes in Low?

When I first encountered a low appraisal on what I thought was the perfect deal, I felt my stomach drop. The buyer and I had agreed on $685,000 for a beautiful Vancouver character home, but the appraisal came back at $650,000. That $35,000 gap felt insurmountable. But after years working in BC real

Richard Morrison
What Factors Are Considered in a Home Appraisal?
Buyers

What Factors Are Considered in a Home Appraisal?

When I first started working with clients in Metro Vancouver's real estate market fifteen years ago, I thought home appraisals were straightforward—square footage, bedrooms, bathrooms, done. But after witnessing hundreds of transactions where appraisal values surprised even seasoned homeowners, I re

Richard Morrison
What Do Landlords in Canada Look For in Your Bank Statements?
Buyers

What Do Landlords in Canada Look For in Your Bank Statements?

What Do Landlords In BC Canada Look For In Your Bank Statements? As an experienced real estate agent, I'm often asked by potential tenants what landlords in Canada look for when reviewing their bank statements. It's a valid question, as having all your ducks in a row can make the process of renting

Richard Morrison