As you know there are many different factors that affect the condition of the housing market. With that said, working with a trusted knowledgeable realtor will help the buying and selling experience go without a hitch.


Here are some myths and truths about real estate, that you may or may not know already.


You should you wait until Spring to list.

True or False


Real Estate is seasonal.

True or False


Listing at a higher price leaves more negotiating room.

True or False


A good credit score means a better interest rate.

True or False


The house price is the only thing to budget for.

True or False


You can buy a home with zero down.

True or False


Mortgage insurance protects the buyer if something happens to you.

True or False


For all the answers Click Here

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Don’t Settle

When finding a contractor to work with it’s important to interview at least a couple different companies. Meshing well with your contractor will help the reno move more smoothly.


Create a Sanctuary

Can’t move out during the reno? Create an area that can be your sanctuary. Have the doorways blocked off with plastic to keep the room clean and comfortable.


Seal Vents

Renovations can get quite dusty, closing your vents and turning off your furnace will help.


Create a Makeshift Kitchen

Living without a kitchen and eating out for every meal can be tiresome. Making yourself a small kitchen space with a toaster oven, microwave and most importantly a coffee maker can make a world of difference.


Set Aside Funds

Having a contingency fund will help ease your mind if there are any surprises or extra costs.


Envision the End Goal

Renovations can be stressful and over-whelming, imagine the job completed and actually enjoying the space.


Interest in more tips? Click Here

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To be able to rent out your home on Airbnb (for a max of 30 days), you must live in the home for a minimum of one year and the suite must be legal and meet all building and safety regulations. If you live in a stratified building or are currently renting you must review the bylaws to confirm they allow short term rentals and/or request permission from your landlord.


In order to apply for the short-term rental business license, you need to meet the following building and fire safety requirements including:


  •  Confirm your home is a legal dwelling unit.
  •  Provide 24-7 contact information.
  •  Post a fire plan at all entrances and exits.
  •  Have interconnected smoke alarms on every floor and in every bedroom.
  •  Have a working and accessible fire extinguisher on every floor.
  •  Have carbon monoxide detectors on every floor if there are gas appliances.
  •  Have a fire alarm in the building if it has more than three dwelling units or 10 occupants.
  •   By January 1, 2023, have an automated sprinkler system or fire separation between units with at least a 45 minute fire-resistance rating, unless a higher resistance rating is required for the building type by the Building Bylaw or Fire Bylaw, if your short-term rental accommodation is attached to another dwelling unit.
  •  Inspect, test annually, and keep related records for smoke alarms, fire extinguishers, and carbon monoxide detectors.
  •  Review your insurance policies and cover any costs or damages that come from operating your short-term rental business.
 Information collected from Vancouver City Website


If you do qualify to use your property for short term rentals the next step is to acquire a short-term rental business license from the city of Vancouver. The cost of the license is a one-time fee of $54 plus $49 annually.


You can apply for the license online here.


Once you have completed the application and received your short-term business license, you can now post your property on Airbnb. Don’t forget to include your business license number on the listing, failure to do so can be a fine of up to $1,000.


Have any questions? Call, Text or Email me.

778.988.7487

Barbara.hutniak@remax.net

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Everybody talks about it! Whats the right choice, buying or renting? Renters worry about wasting their money while people who purchase property worry if their investment will make them money in the years to come.


Investing money in real estate offers many benefits but making the decision to buy or rent is completely up to you!


Here are several factors to consider when buying property.


The benefits of Home Ownership.


Full Blog: Click Here



Unsure about your next step? Let's grab a coffee and discuss the best course of action.

778.988.7487

barbara.hutniak@remax.net

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Have you ever walked into an Open House and fell in love instantly? That home was most likely staged. When a home hasn’t been staged or is completely empty it may distract buyers from seeing the home's potential. A staged home is not necessarily the most logical way to live, but is the most esthetically pleasing to the eye.


Here are my top staging tips:

  1. Curb Appeal: Love at first sight! Touch up siding, plant some flowers and keep the grass well manicured, especially before an Open House.
  2. Fitting Furniture: Less is more, put over sized furniture in storage.
  3. Fresh Coat: Paint all interior walls for a cleaner look.
  4. Fine Dining: Set the table as if you are having a dinner party.
  5. De-personalize: Remove family photos from walls and give the buyers a chance to imagine living there without any distractions.
  6. Clean Kitchen: Declutter countertops and remove magnets from the fridge.
  7. Pop of Colour: Keep walls neutral and add a pop of colour with throw pillows or artwork.
  8. Fresh Finishes: Add flowers or plants to a room to give it a homey feel.
  9. Clean, Clean, Clean: Clean your home from top to bottom, clean like your life depends on it!

Want to know how to make your home looking it’s best for potential buyers?  


Call, Text or Email me and I’d be happy to come by and give you my professional opinion.

778.988.7487

Barbara.hutniak@remax.net


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Summer is by far my favourite time of year! I love the sunshine, warm nights and especially all the fun events happening around town. Living in the Tri-Cities we have lots of events perfect for you and your family and friends to enjoy.


Here’s a few of my favourites from each of the cities; Port Moody, Coquitlam and Port Coquitlam.


Port Moody


The Market At Brewer’s Row – Friday Nights from 6pm to 10pm until August 31st.

More Info: http://www.marketatbrewersrow.com/


Summer Concert Series – Rocky Point Park – Sundays at 2pm until September 2nd.

More Info: http://www.summersundays.ca/


Rib Fest – Rocky Point Park – July 20th to 22nd – hours TBA

More Info: http://www.portmoodyribfest.ca/


Car-Free Day – St Johns Street - Sunday August 19th from 12 noon until 7pm.

More Info: http://www.portmoody.ca/index.aspx?page=1538


Coquitlam


Summer Concert Series – Town Centre Park – July 13th, Aug 3rd, Sept 7th from 7pm – 9pm.

More Info: http://www.coquitlam.ca/parks-recreation-and-culture/arts-and-culture/special-events-calendar/summer-concert-series


Fifth Annual Ultimate Car Show – Hard Rock Casino – July 14th from 10am to 3pm.

More Info: https://www.familyfuncanada.com/vancouver/ultimate-car-show/


Kaleidoscope Arts Festival -Town Centre Park – August 11th from 2pm to 10pm.

More Info: http://www.coquitlam.ca/parks-recreation-and-culture/arts-and-culture/special-events-calendar/kaleidoscope-arts-festival


Port Coquitlam


Port Coquitlam Farmers Market – Leigh Square – Every Thursday October 11th from 3pm to 7pm.

More info: http://www.portcoquitlamfarmersmarket.org/


PoCo Grand Prix – Downtown Port Coquitlam -July 13th

More Info: http://www.pocograndprix.ca/


Downtown Port Coquitlam Car Show – August 19th from 10am to 6pm

More Info: http://pococarshow.ca/


What’s your favourite event in the Tri-Cities? Comment below.



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First things first, when walking into an Open House think before you speak! If the agent hosting the Open House is representing the seller anything you say can be passed on to the seller. It is important not to share any personal information including motivation, financials and your real estate needs. The real estate agent is happy and able to tell you factual information about the property.

 

If you do mention your motivation, financials or your real estate needs that will automatically put you and the agent in “implied agency” and the real estate agent will have to present you with a Disclosure of Representation in Trading Services Form. It is important to know that this form is not a contract but an acknowledgment of the relationship between the agent and the client.  This acknowledgment does not end after the transaction is complete or you both decide to go your separate ways, it continues on.

 

Here is a Disclosure of Representation in Trading Services Form for you to review.

 

Disclosure of Representation in Trading Services

 

Explanation of Disclosure of Representation in Trading Services Video: Click Here

 

When entering an Open House without your Realtor you will either be greeted by the agent representing the seller or by an agent hosting the Open House, the forms below will help you understand the situations in more detail.


Open House - Real estate agent representing the seller (listing agent)

 


Open House – Real estate agent NOT representing the seller

 

 

 

If you have any questions please feel free to contact me.

778.988.7487

Barbara.hutniak@remax.net

 

 

 

 

 

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As many of you know buying a home is one of the biggest investments of your life. It’s important to know what costs to expect so you don’t end up surprised and not have the funds to pay them.

Here is a break down of what costs you should be prepared for when buying a home:

 

 

Deposit: The amount of cash you will be paying when the offer becomes a firm deal (Subjects have been removed.)

 

Down Payment: The minimum down payment is 5% but if you would like to avoid paying mortgage insurance 20% down is needed.

 

Land Transfer Tax: As a buyer you are required to pay the land transfer tax upon completion of the sale.

 

Appraisal Fee: Most lenders will require an appraisal to be completed of the property before they approve your mortgage.  

 

Home Inspection: When buying a home, it’s easy to miss any potential repair costs or problems and that is why a Home Inspections is a very important step, the average price of an inspection is $350.

 

Property Insurance: Property insurance is dependent on the type of home you buy.

 

Mortgage Insurance: Designed to protect the repayment of a mortgage if anything were to happen to you. 

 

Lawyer Fees: The lawyer fees may vary and will be paid upon closing of the sale.

 

Title Insurance: A one-time-fee that protects you from loss of title or ownership.

 

Property Taxes: The cost for property taxes is expressed as a dollar rate for every $1,000 estimated to be the market value of your property.

 

Maintenance and Energy Costs: Putting money aside monthly for any potential maintenance and energy cost will help avoid or reduce any large unexpected costs.

 

Moving Expenses: Not only is there the cost of the movers and the moving truck, more importantly don’t forget to transfer all your utilities over.

 

For full article Click Here

 

Download the Hidden Costs of Home Ownership guide to find out more the cost to buy a home.

 

If you have any questions feel free to contact me. 778.988.7487

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The new rules came into effect on June 15, 2018 this past week. Not only will this affect real estate agents, it will also affect you as a buyer and seller. The largest change you will see other than the new mandatory forms is the ban on Limited Dual Agency.

 

 

REBGV States “The move to single agency is a significant change from the practice over the years when Realtors could represent both sellers and buyers in a transaction. BC is the first Canadian province to implement rules that require Realtors to act only for one party.”


Real Estate Board of Greater Vancouver President Phil Moore issued the following statement on these changes:


“Today’s changes mean that real estate licensees across our province can now only represent one party in a real estate transaction and must provide their clients more detailed information about how they’re compensated. One of the biggest impacts of these changes is that there may be times when your Realtor is unable to represent you because they’re representing another client in the transaction. As well, listing agents won’t be able to bring their own buyers, which has always been a key reason for the existence of limited dual agency.”

 

A look at the new forms:

 

To learn more about the real estate rule changes Click here.

 

Have some more questions? Let’s grab a coffee and chat.

Barbara.hutniak@remax.net

778.988.7487

 

 

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After 2018 started off with a bang, buyers are becoming weary of dealing with multiple offers and are now hanging back. In turn, properties are sitting on the market for a few more weeks instead of selling in a few days for way over asking price.

 

 

The Real Estate Board of Greater Vancouver (REBGV) reports that:

 

 “Residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold.


There were 6,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2018. This represents a 5.5 per cent increase compared to the 6,044 homes listed in May 2017 and a 9.5 per cent increase compared to April 2018 when 5,820 homes were listed.


The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 11,292, a 38.2 per cent increase compared to May 2017 (8,168) and a 15 per cent increase compared to April 2018 (9,822).


The total number of listings available today is 17.2 per cent below the 10-year May average.”


Pricing your home in today’s market has to be done with a strategy. Many people are pricing their home with yesterday’s prices and it’s important to get ahead of the market and make your property stand out.

 

Did you know that even in a busy market only 85% of properties sell? Today the average of properties selling is at 60%.

If you’re thinking of buying, why wait for the market to pick up. If you’re ready now I suggest you start looking while you have less competition.

 

If you’re thinking of selling as I mentioned before, price your home right and get ahead of the market.

 

Have any questions? Give me a call. 778.988.7487

 

Stats Centre Report for Metro Vancouver is now available. To view it, click here.

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Whether you’re already a landlord, thinking of buying an investment property, or currently a tenant, it’s important to know the newest changes to the Residential Tenancy Act. Knowing your rights are vital in avoiding any hardship or disputes down the road.

Here’s what has changed in the Residential Tenancy Act, as of May 17 2018:

  1. Landlords must give four months' notice to end tenancy for demolition, renovation or repair, or conversion, and tenants have 30 days to dispute the notice,
  2. A landlord or purchaser if applicable must compensate a tenant 12 months’ rent (unless excused by an arbitrator in extenuating circumstances) if a landlord or purchaser ends a tenancy under section 49 (landlord use) and they don't:
    1. take steps to accomplish the stated purpose for ending the tenancy under section 49 within a reasonable period after the effective date of the notice, or
    2. use the rental unit for that stated purpose for at least 6 months beginning within a reasonable period after the effective date of the notice.
  3. A tenant has a right of first refusal to enter into a new tenancy agreement at a rent determined by the landlord if the landlord ends their tenancy to renovate or repair the rental unit. This right of first refusal applies only to a rental unit in a residential property containing 5 or more units.
  4. A landlord must compensate a tenant 12 months’ rent (unless excused by an arbitrator in extenuating circumstances) if the tenant exercises a right of first refusal and the landlord does not give the tenant:
    1. 45 day notice of availability 
    2. a tenancy agreement to sign.
  5. If a landlord is ending a tenancy on behalf of a purchaser, the notice must contain the purchaser’s name and address.

For more info Click Here

 

 

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Have you heard the news? As many of you know there are quite a few changes happening in the real estate industry coming in to effect June 15, 2018. Not only will it affect real estate agents, it will also change the buying and selling process for clients. The changes will impact agency rules and disclosure statements and with less than a month to go the Greater Vancouver Real Estate Board is releasing more concrete information giving us a better understanding of what to expect.

 

I am hoping this blog post will help educate and prepare you for the changes as a buyer or seller.

Here is a look at the mandatory forms required as of June 15, 2018.

 

Disclosure of Representation in Trading Services

Disclosure to Seller of Expected Remuneration

Disclosure of Risks to Unrepresented Parties

Disclosure of Risks Associated with Dual Agency

 

We will most likely see some more variations to the rules and disclosure requirements in the coming weeks, for up to date information Click Here.

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Do you own, or are thinking of buying or selling a recreational property? Most people don’t use their cottage or cabin year-round and decide to rent it out during the vacant months.  

 

Want the biggest bang for your buck? Here are 6 trends to make your vacation property stand out for potential buyers or renters.

 

Solar Flares

Pizza Party

Let There Be Light

Espresso Bar

Hot Seat

Colour Me Beautiful

 

Full Blog Click Here

 

 

Thinking of Buying or Selling a recreational property? I’m connected with trusted real estate agents across Canada that I am happy to refer to you.

 

Call me for more information 778.988.7487

 

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Spring market is the busiest time of year in real estate. Now that the market has kicked into full gear, I thought it would be interesting for you to see the variations from the past two months in the Tri-Cities.

 

Like I mentioned before all markets across the Greater Vancouver Area have fluctuations when it comes to price, inventory and days on market.

 

Let’s compare March and April 2018 statistics.

 

Port Moody – Coquitlam – Port Coquitlam

Attached & Detached Homes

 

Average Sales Price

Attached: 

 

 

Detached

 

 

Total Inventory

Attached: 

 

 

Detached: 

 

 

 

Average Days on Market

 Attached: 

 

 

Detached: 

 

 

Tri-Cities from April 17, 2018 to Present.

 

Port Moody


Attached

Active: Click Here to View Listings

Sold: Click Here to View Listings

Detached

Active: Click Here to View Listings

Sold: Click Here to View Listings

 

Coquitlam 


Attached

Active: Click Here to View Listings

Sold: Click Here to View Listings

Detached

Active: Click Here to View Listings

Sold: Click Here to View Listings

 

Port Coquitlam


Attached

Active: Click Here to View Listings

Sold: Click Here to View Listings

Detached

Active: Click Here to View Listings

Sold: Click Here to View Listings

 

 

Would you like some more information about a specific area? Email, Call or Text me.

barbara.hutniak@remax.net or 778.988.7487

 

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Painting the exterior and interior of your home will refresh its look and is one of the more affordable options when preparing your home for the market. Knowing what paint colours to choose is just as important. Who hasn’t walked into an Open House and just thought… “What was the owner thinking when they painted the dining room hot pink!” Some people can look past the paint colour but the majority loses what’s really important when walking through the home and all they can think and talk about is the paint colour.

 

Here are the top 5 paint colours to attract potential buyers and hopefully receive multiple offers.

 

Mellow Yellow

Grey Stoke

Black Out

Seaside Getaway

Green Giant

 

For Full Article Click Here

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Port Moody is attracting more and more people especially during the warmer months, because who doesn't enjoy going for a walk and having an ice cold beer afterwards.  With more people visiting our beautiful city it's nearly impossible to find parking  especially around Rocky Point. Mike Clay, the Major of Port Moody proposed a trolley in October to help with the congestion and have a free alternative to driving. Translink approved this pilot project at a meeting last month and will be funded by our municipal government.

The Trolley will run 4pm to midnight on Fridays, and 2pm to midnight Saturday & Sunday from June to August.  The route will take approximately 20-30 minutes and stop at Rocky Point, Brewer's Row, Suter Brook, Newport Village, Skytrain Stations, Eagle Ridge Hospital, Port Moody Library, St Johns Street and Clarke Street.

Here is a photo of the proposed route. 

 

I am personally very excited to take advantage of the Trolley this Summer, are you?

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Have you seen a lot more properties hitting the market this past week? More For Sale signs on lawns? Because I definitely have! More inventory means a less likely chance of competing in multiple offers. Keep in mind the properties that are very desirable are still selling quickly.  

Here is what’s happening in the Tri-Cities and all the current inventory that has hit the market and sold in the month of April.

 

Like all markets across the Greater Vancouver Area there is fluctuation when it comes to price, inventory and days on market. Click on the links below to see the real estate market trends in the Tri-Cities for the past year. It will be interesting to see the stats for April and compare them, stay tuned for another market update in May.

 

Port Moody – Coquitlam – Port Coquitlam

January 2017 to March 2018 – Attached/Detached Homes Averages.

 

Average Sales Price

Attached: https://statscentre.rebgv.org/infoserv/s-v1/jdlW-fKO

Detached: https://statscentre.rebgv.org/infoserv/s-v1/jdlL-0mh

 

Total Inventory

Attached: https://statscentre.rebgv.org/infoserv/s-v1/jdle-S4s

Detached: https://statscentre.rebgv.org/infoserv/s-v1/jdZB-dHS

 

Days on Market

 Attached: https://statscentre.rebgv.org/infoserv/s-v1/jdZj-Jfc

Detached: https://statscentre.rebgv.org/infoserv/s-v1/jdZC-89e

 

Port Moody

Attached: Click Here to View Listings

Detached: Click Here to View Listings

 

Coquitlam – Blows Port Moody and Port Coquitlam out of the water with most inventory listed and sold in April 2018 thus far. 198 properties to be exact!

Attached: Click Here to View Listings

Detached: Click Here to View Listings

 

Port Coquitlam

Attached: Click Here to View Listings

Detached: Click Here to View Listings

 

Would you like some more information about a specific area? Shoot me an email or text.

Barbara.hutniak@remax.net or 778.988.7487

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Warmer weather is just around the corner which also means patio weather! Here are some DIY and low cost outdoor living ideas for your home. Whether you have a small balcony or a large backyard here are some ideas that work for everyone.

 

Pallet Patio

Easily create a sectional and table. Paint the pallet and make cushions.

 

 

Refurbish

Have patio furniture that looks drab? It might just need a good clean. If not, refinish with a stain or paint.

 

Wood & Cement Blocks

Create a long bench or side table with two components. The hardest part will be transporting the materials home.

 

Vertical Garden

Great if you don’t have a lot of space and it can also double as a privacy screen.

 

Little extras to make it pop!

Brighten up your patio with an outdoor rug, flower pots, flowers and outdoor pillows.

 

Let's spring into action and get our patios prepped for patio weather!

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I hope everyone has enjoyed their Easter Long Weekend. Now that the buds are blooming and the weather is warming up it’s that time of year again, Spring Cleaning! 

 

 

Here are some helpful cleaning tips.

  1. To clean your fridge, combine salt and soda water for the best results.
  2. How to get rid of lime buildup around fixtures; soak paper towel in vinegar and let sit for one hour.
  3. Use a scrap of carpet to clean window screens.
  4. Clean windows with two rags; first a rag with soapy water and then a dry rag.
  5. Bring your drapes to their original glory; remove hooks and put into the dryer on air-fluff cycle along with a wet towel.
  6. Use a furniture polish to clean the blades of a ceiling fan.
  7. Hang your comforters, blankets and pillows on a clothesline for a day, to air them out after a long winter.

Full Article Click Here

 

 Do you have any cleaning tips? Please share them below.

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Everyone knows that the Spring Market is the busiest time in real estate. It’s when you start to see more inventory and buyers. Most people want to move in the Summer which makes Spring the most logical time to sell or start looking.

 

 

Here are some benefits of listing your home in Spring.

 

Moving Day: Nobody wants to move when it’s raining and especially not when it’s snowing! Most people want to move when it’s warmer out. Plus, your curb appeal looks better in the warmer seasons.

 

Spring Has Sprung: After winter you may feel unmotivated and a little down, but once it’s starts warming up and we have more sunshine in the forecast it kicks everyone into gear. The likelihood of selling your home is higher in the spring time, since it’s the most active real estate market of the year.

 

Ahead of the Crowd: With a long weekend coming up many sellers would rather wait to list their home. But why wait? If buyers are serious they are looking now! If your listing your home wouldn’t you rather be ahead of the competition. Less competition and more buyers mean a higher chance of selling fast.

 

Summer Break: If you are a parent, summer is the ideal time to move since the kids will be out of school. So, if you want to move in the Summer the perfect time to start looking is now.

 

Thinking of selling you’re home this Spring? Give me a call today. 778.988.7487

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