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Vancouver City Council Embraces New Housing Developments in the Broadway Plan

Vancouver City Council Embraces New Housing Developments in the Broadway Plan

The Vancouver City Council has rejected a proposal to slow down the pace of new housing development in the Broadway Plan, signaling a commitment to providing more housing options for the city's growing population. This decision is good news for those looking for condos and houses for sale in Vancouver, as it means more housing options will become available.

As an experienced Vancouver real estate agent, I understand the importance of staying up to date with the latest developments in the city's housing market. With this decision by the City Council, I believe that the demand for new housing will only increase, especially in sought-after areas in Greater Vancouver..

If you're looking for a top-rated Vancouver real estate agent to help you navigate the competitive housing market, look no further. As a commercial real estate agent and top Vancouver real estate agent, I have the knowledge and experience needed to help you find your dream home or investment property.

With this decision by the City Council, we can expect to see more condos for sale in Vancouver, as well as more houses for sale in Vancouver. This increase in housing supply will create a more balanced market, making it easier for buyers to find the right property at the right price.

Whether you're a first-time homebuyer or an experienced investor, working with a 30 year veteran and top-rated Vancouver real estate agent like Joel Korn can make all the difference. With my expertise and dedication to providing exceptional service, I can help you navigate the competitive market and find the perfect home or investment to meet your needs.

The Vancouver City Council's decision to reject the proposal to slow down the pace of new housing development is a positive sign for those looking for condos and houses for sale in Vancouver. If you're in the market for a new property, don't hesitate to reach out to a top-rated Vancouver real estate agent like myself to help you navigate the market and find your dream home or investment property.

Call Joel @ 604-722-4588 for questions or concerns regarding the real estate process, or what an agent can do for you. 

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AMENDMENTS TO THE PROHIBITION ON THE PURCHASE OF RESIDENTIAL PROPERTY BY NON-  CANADIANS REGULATIONS


The Canadian government recently amended the regulations on the purchase of residential properties by non-Canadians in Vancouver. These amendments have significant implications for anyone looking to buy or sell a property in Vancouver. In this article, we'll take a closer look at the changes and how they impact the real estate market in Vancouver.

The amended regulations prohibit non-Canadians from purchasing residential properties in the Metro Vancouver area unless they meet certain criteria. These criteria include having a work permit, being a permanent resident, or being a Canadian citizen. The changes are intended to make it more difficult for foreign buyers to purchase properties in Vancouver, which has become an increasingly popular destination for foreign investors.

The new regulations have had a noticeable impact on the Vancouver real estate market. According to recent data, sales of residential properties to non-Canadians have declined significantly since the amendments were introduced. This has led to a decrease in demand for properties in Vancouver, particularly in the luxury market. As a result, prices for high-end condos and houses for sale in Vancouver have started to level off.

For local buyers, this could be an opportunity to buy a property at a more affordable price. If you're in the market for a new home, there are still plenty of options available, particularly in nearby areas like Burnaby. There are a variety of condos and houses for sale in Burnaby, and with the help of an experienced Vancouver real estate agent, you can find the perfect property to meet your needs.

When searching for an experienced Vancouver real estate agent, it's important to look for someone who has a proven track record of success. A top-rated Vancouver real estate agent can help you navigate the complex real estate market and find the right property for your needs. Whether you're looking for a commercial property or a residential property, a top Vancouver real estate agent can help you find the best options available.

the amendments to the prohibition on the purchase of residential property by non-Canadians regulations have had a significant impact on the Vancouver real estate market. While prices for luxury properties have started to level off, there are still plenty of opportunities for local buyers to find a great property at an affordable price. With the help of an experienced Vancouver real estate agent, you can navigate the market and find the right property for your needs, whether you're looking for a condo for sale in Vancouver or a house for sale in Burnaby.

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The Mayor of Vancouver, Ken Sim, has dismissed claims of foreign meddling in the city's municipal election as racially motivated. In a recent interview with local media, Sim stated that insinuations about his alleged ties to foreign actors were being made solely because he is not Caucasian.

Sim's comments came in response to recent media reports that suggested he may have received financial support from a foreign entity during his 2018 mayoral campaign. The reports were based on a leaked email that allegedly showed Sim's campaign team discussing the possibility of receiving donations from a group based in China.

However, Sim denied any wrongdoing, stating that the email in question was taken out of context and that he had no knowledge of any foreign donations to his campaign. He also criticized the media for perpetuating what he called "racially motivated insinuations" about his candidacy.

Sim's remarks have sparked a renewed debate about racial bias in Canadian politics. Many have expressed concern that non-Caucasian candidates may be unfairly targeted by political opponents and the media. The issue has become particularly relevant in Vancouver, where the city's demographics have shifted in recent years, with a growing population of Asian Canadians.

Despite the controversy, Sim remains focused on his agenda for the city. He has recently unveiled a new housing plan aimed at increasing the supply of affordable homes in Vancouver. The plan includes measures to encourage the development of more condos for sale in Burnaby and Vancouver, as well as initiatives to support first-time homebuyers.

Sim has also emphasized the importance of working with experienced and top-rated Vancouver real estate agents to help buyers navigate the complex real estate market in the region. He has called on commercial and residential real estate agents to play a more active role in promoting affordable housing solutions for all Vancouver residents.

the controversy surrounding Sim's alleged ties to foreign actors highlights the ongoing challenges faced by non-Caucasian candidates in Canadian politics. Despite these challenges, Sim remains committed to his vision for a more affordable and equitable Vancouver, and he is calling on all stakeholders to work together to achieve this goal. If you're in the market for houses or condos for sale in Burnaby or Vancouver, consider working with a top Vancouver real estate agent to help you find the right property at the right price.

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If you're in the market for a condo in Burnaby or Vancouver, one of the biggest decisions you'll face is whether to buy an older or newer building. Each option has its own advantages and disadvantages, so it's important to consider your priorities and consult with an experienced Vancouver real estate agent before making a decision. In this article, we'll explore the pros and cons of each option.

Pros of Older Condos for Sale in Burnaby and Vancouver:

  1. Location: Older buildings are often situated in established neighborhoods with mature trees and amenities such as grocery stores, cafes, and restaurants. These neighborhoods are typically well-connected by public transit and have easy access to major roads and highways.

  2. Affordability: Older condos are often more affordable than newer ones, especially if they require renovations or updates. This can be an advantage if you're working with a tight budget or looking to invest in commercial real estate.

  3. Larger Units: Older buildings typically have larger units than newer ones, which can be attractive if you need more space for your family or business.

Cons of Older Condos for Sale in Burnaby and Vancouver:

  1. Maintenance: Older buildings often require more maintenance than newer ones, especially if they haven't been updated in a while. This can result in higher condo fees and repair costs over time.

  2. Amenities: Older buildings may not have the same amenities as newer ones, such as fitness centers, rooftop decks, or concierge services. This can be a disadvantage if you're looking for a more luxurious lifestyle or plan to rent out your unit.

  3. Energy Efficiency: Older buildings may not be as energy efficient as newer ones, which can result in higher utility bills and a less environmentally-friendly footprint.

Pros of Newer Condos for Sale in Burnaby and Vancouver:

  1. Modern Features: Newer buildings often have modern features such as smart home technology, high-end appliances, and state-of-the-art security systems. These features can be attractive if you're looking for a turnkey property or a more luxurious lifestyle.

  2. Energy Efficiency: Newer buildings are typically more energy efficient than older ones, which can result in lower utility bills and a more environmentally-friendly footprint.

  3. Amenities: Newer buildings often have a wide range of amenities such as fitness centers, rooftop decks, and concierge services. These amenities can enhance your quality of life and make your property more attractive to renters or buyers.

Cons of Newer Condos for Sale in Burnaby and Vancouver:

  1. Price: Newer condos are often more expensive than older ones, especially if they're in highly sought-after neighborhoods or have premium amenities.

  2. Location: Newer buildings may be situated in less established neighborhoods with fewer amenities and less connectivity to public transit.

  3. Size: Newer buildings often have smaller units than older ones, which can be a disadvantage if you need more space for your family or business.

The decision to buy an older or newer condo in Burnaby or Vancouver depends on your priorities and budget. Working with a top-rated Vancouver real estate agent can help you navigate the pros and cons of each option and find the best property for your needs. Whether you're looking for a house for sale in Burnaby or a condo for sale in Vancouver, taking the time to consider your options will help you make a sound investment.

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Burnaby is a vibrant city with a diverse range of neighborhoods, each offering a unique living experience. If you're in the market for real estate in Burnaby, it's essential to know which neighborhoods are best suited to your needs and lifestyle. In this article, we'll explore some of Burnaby's top neighborhoods and the real estate options available in each area. Additionally, we'll discuss the benefits of working with an experienced Vancouver real estate agent to find your dream property.

  1. Metrotown:

Metrotown is one of Burnaby's largest neighborhoods and a bustling commercial center. It's home to the city's largest shopping mall, Metropolis at Metrotown, which attracts visitors from all over Metro Vancouver. The neighborhood is also a transportation hub, with a SkyTrain station that provides quick access to downtown Vancouver. Real estate options in Metrotown include condos and townhouses, making it an attractive option for first-time buyers and young 

professionals.

  1. Brentwood:

Brentwood is another popular neighborhood in Burnaby, known for its quiet streets and family-friendly atmosphere. The area is home to a mix of single-family homes, townhouses, and condos, making it an ideal location for families of all sizes. The neighborhood has excellent schools, parks, and community centers, making it a popular choice for families with young children.

  1. Burnaby Heights:

Burnaby Heights is a charming neighborhood located in the north-central part of the city. It's known for its tree-lined streets and stunning views of downtown Vancouver and the North Shore mountains. The area is home to a mix of single-family homes and condos, making it an attractive option for both families and young professionals. Burnaby Heights has an excellent community spirit, with several annual events, including the Heights Merchants Association's Hats Off Day festival.

  1. Deer Lake:

Deer Lake is one of Burnaby's most desirable neighborhoods, known for its luxury homes and stunning natural surroundings. The area is located around Deer Lake Park, a beautiful green space that's popular with walkers, joggers, and nature enthusiasts. Real estate options in Deer Lake include spacious single-family homes and exclusive townhouses, making it a popular choice for affluent buyers.

Working with an Experienced Vancouver Real Estate Agent:

When buying real estate in Burnaby, it's essential to work with an experienced Vancouver real estate agent who understands the local market. As a top-rated Vancouver real estate agent, I have the knowledge, experience, and expertise to help you navigate Burnaby's neighborhoods and find the right property to meet your needs. Whether you're looking for a condo in Metrotown, a family home in Brentwood, or a luxury property in Deer Lake, I can guide you through the process and ensure a successful outcome.

Burnaby is a city with a diverse range of neighborhoods, each offering a unique living experience. Whether you're looking for a condo, townhouse, or single-family home, there's a neighborhood in Burnaby that's right for you. Contact me today to learn more about Burnaby's real estate market and how I can help you find your dream property.

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The Broadway Corridor in Vancouver has been a hot topic in real estate circles, with ongoing debates about the pace of development. Some argue that it's too fast, while others say it's too slow. As an experienced Vancouver real estate agent, I believe that the pace is just right for those looking for condos for sale in Burnaby, houses for sale in Burnaby, or condos for sale in Vancouver. In this article, we'll explore the current state of the Broadway Corridor development and how it can affect the local real estate market.

The Pros of the Broadway Corridor Development:

  1. Increased Accessibility: The Broadway Corridor development is expected to bring improved transit options, making it easier for commuters to access downtown Vancouver and other areas of the city. This increased accessibility can make the area more attractive to buyers looking for condos for sale in Vancouver or Burnaby.

  2. New Housing Options: The development of the Broadway Corridor is expected to bring a range of new housing options, including condos, townhouses, and rental units. This can help to address the ongoing housing shortage in the city and provide more options for those looking for houses for sale in Vancouver.

  3. Economic Boost: The development of the Broadway Corridor can also provide an economic boost to the local area, creating new jobs and increasing property values. This can be a positive for those looking for commercial real estate opportunities.

The Cons of the Broadway Corridor Development:

  1. Construction Delays: With any major development project, there can be construction delays that can impact the local community. This can be a negative for those looking for houses for sale in Burnaby or condos for sale in Vancouver, as it can impact their daily lives and schedules.

  2. Traffic Congestion: The increased density in the Broadway Corridor can also lead to increased traffic congestion, which can be frustrating for commuters and residents. This can be a negative for those looking for a quieter, more peaceful neighborhood.

  3. Housing Affordability: While the development of the Broadway Corridor can provide more housing options, there is a concern that the new housing units may not be affordable for all residents. This can be a negative for those looking for affordable houses for sale in Vancouver or Burnaby.

As a top-rated Vancouver real estate agent, I believe that the pace of the Broadway Corridor development is just right. The development can provide new housing options, increase accessibility, and provide an economic boost to the local area. However, there are potential negatives to consider, such as construction delays, traffic congestion, and housing affordability.

If you're interested in buying or selling a property in the Vancouver area, it's important to work with an experienced Vancouver real estate agent who can provide expert guidance and insights into the local market. Whether you're looking for condos for sale in Burnaby, houses for sale in Vancouver, or commercial real estate opportunities in the Broadway Corridor, a top Vancouver real estate agent can help you navigate the market and find the best property for your needs.

Call or Email Joel Korn at 604-722-4588; kjoel@sutton.com

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According to the Western Investor,and the general buzz currently around the real estate market in Greater Vancouver, the Fraser Valley, and Victoria has experienced a significant surge in housing sales. This is great news for those looking to invest in the region's real estate market. In this article, we will discuss the current market conditions and why it's the perfect time to consider investing in properties like condos and houses for sale in Burnaby and Vancouver.

Condos for Sale Burnaby

Burnaby has been one of the most popular destinations for real estate investors due to its prime location and growing population. The demand for condos in Burnaby has risen significantly in recent months, with many investors and homebuyers looking to capitalize on the increasing value of these properties. With easy access to public transit, shopping centers, and top-rated schools, Burnaby is an attractive option for those looking for a comfortable and convenient lifestyle.

Houses for Sale Burnaby

If you're looking for a more spacious option, houses for sale in Burnaby could be the perfect choice for you. With a variety of housing options available, ranging from newly built homes to charming heritage properties, Burnaby offers something for everyone. Whether you're a first-time homebuyer or an experienced real estate investor, purchasing a house in Burnaby could be a wise investment in the current market.

Condo for Sale Vancouver

Vancouver has always been a desirable location for real estate investors, and the surge in housing sales has only made it more attractive. Condos for sale in Vancouver have become increasingly popular, with many investors and homebuyers looking to purchase properties in prime locations like Yaletown, Coal Harbour, and Downtown Vancouver. With its picturesque landscapes, thriving economy, and bustling cultural scene, Vancouver is a top destination for those looking for a luxurious and sophisticated lifestyle.

Experienced Vancouver Real Estate Agent

To make the most of your real estate investment in Vancouver, it's essential to work with an experienced real estate agent who knows the market inside and out. A top-rated Vancouver real estate agent can provide valuable insights into the current market conditions, help you find the perfect property, and negotiate the best deal on your behalf. Whether you're looking for a condo or a house for sale in Vancouver, a skilled real estate agent can make the process smooth and hassle-free.

Commercial Real Estate Agent

If you're looking to invest in commercial real estate in Vancouver, a top Vancouver real estate agent can help you find the right property for your needs. With their knowledge of the local market, they can guide you through the buying process, from identifying potential properties to negotiating the best deal. Whether you're looking for an office space or a retail property, a commercial real estate agent can help you make an informed investment decision.

Houses for Sale Vancouver

For those looking for a more traditional home, houses for sale in Vancouver offer a range of options, from charming heritage homes to modern new builds. The current surge in housing sales has made the Vancouver real estate market more competitive, but with the help of a top-rated real estate agent, you can find the perfect property for your needs. Whether you're looking for a spacious family home or a cozy bungalow, Vancouver has something to offer.

The surge in housing sales in Greater Vancouver, the Fraser Valley, and Victoria has created an excellent opportunity for real estate investors. With a variety of properties available, including condos and houses for sale in Burnaby and Vancouver, there's never been a better time to invest in the region's real estate market. With the help of an experienced real estate agent, you can make the most of this opportunity and find the perfect property for your needs.

Call or Email Joel Korn at 604-722-4588; kjoel@sutton.com

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Vancouver, BC, is facing a housing crisis, with high demand and low inventory driving up prices for condos and houses for sale in Burnaby and Vancouver. To address this issue, the government introduced a foreign buyer ban in 2016, which has had mixed results. While the ban has helped to cool the market, it has also had unintended consequences, including a threat to new rental construction. In this article, we'll explore how the foreign buyer ban is impacting the Vancouver real estate market, and what it means for condos and houses for sale in Burnaby and Vancouver.

The Impact of the Foreign Buyer Ban on New Rental Construction

The foreign buyer ban was introduced to address concerns that foreign investors were driving up prices and making it difficult for locals to enter the market. While the ban has been successful in slowing down the market, it has also had a significant impact on new rental construction in Vancouver.

Many developers rely on pre-sales to finance new rental construction projects, but the foreign buyer ban has made it more difficult to secure these sales. With fewer foreign buyers in the market, developers are struggling to find enough buyers to pre-purchase units, which is leading to a slowdown in new rental construction.

Implications for Condos and Houses for Sale in Burnaby and Vancouver

The slowdown in new rental construction has several implications for condos and houses for sale in Burnaby and Vancouver. One of the biggest implications is that it could lead to even higher prices for existing properties. With limited inventory and fewer new units coming onto the market, buyers may face more competition and higher prices for condos and houses for sale in Burnaby and Vancouver.

Another implication is that the lack of new rental construction could exacerbate the housing crisis in Vancouver. With a shortage of affordable rental units, many residents are struggling to find suitable housing, which could lead to social and economic issues.

How an Experienced Vancouver Real Estate Agent Can Help

If you're looking for condos or houses for sale in Burnaby or Vancouver, working with an experienced Vancouver real estate agent can help you navigate the market and find the perfect property. A top-rated Vancouver real estate agent can provide valuable insights into the local market and help you understand the implications of the foreign buyer ban on the market.

In addition, an experienced Vancouver real estate agent can help you explore alternative options for housing, such as pre-sale condos or resale properties. With their knowledge of the market and connections in the industry, a commercial real estate agent in Vancouver or a top Vancouver real estate agent can help you find the best deals and secure the property that meets your needs and budget.

The foreign buyer ban has had unintended consequences for new rental construction in Vancouver, which could impact the availability and affordability of condos and houses for sale in Burnaby and Vancouver. If you're looking to buy or sell property in Vancouver, consider working with an experienced Vancouver real estate agent who can help you navigate the market and find the best deals.

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Vancouver's Real Estate Market: Trends, Challenges, and Opportunities for Condos and Houses for Sale in Burnaby and Vancouver

Vancouver's real estate market has been a hot topic in recent years, with high demand and low inventory driving up prices for condos and houses for sale in Burnaby and Vancouver. In this article, we'll explore the latest trends, challenges, and opportunities in Vancouver's real estate market, and how working with an experienced and top-rated Vancouver real estate agent can help you navigate the market and find the perfect property.

Trends in Vancouver's Real Estate Market

One of the biggest trends in Vancouver's real estate market is the high demand for properties, especially in sought-after neighborhoods. This demand has led to a surge in prices for condos and houses for sale in Burnaby and Vancouver, making it challenging for first-time homebuyers to enter the market. Another trend is the growth of luxury real estate, with high-end condos and houses commanding premium prices.

In addition, the COVID-19 pandemic has had a significant impact on Vancouver's real estate market, with many people seeking larger homes with more outdoor space as they adapt to remote work and social distancing. This has driven up demand for houses for sale in Vancouver and Burnaby, as well as properties in suburban areas outside the city.

Challenges in Vancouver's Real Estate Market

Despite the high demand for properties, Vancouver's real estate market faces several challenges. One of the biggest is the lack of inventory, especially for affordable condos and houses for sale in Burnaby and Vancouver. This has led to bidding wars and skyrocketing prices, making it difficult for many prospective homebuyers to enter the market.

Another challenge is the impact of government policies and regulations, such as the new rules requiring strata corporations to increase their contingency reserve fund. These changes can affect the affordability and accessibility of properties, as well as the overall stability of the market.

Opportunities in Vancouver's Real Estate Market

Despite the challenges, there are still opportunities for savvy buyers and investors in Vancouver's real estate market. One opportunity is to look beyond the city center and explore properties in suburban areas or up-and-coming neighborhoods. These areas may offer more affordable options for condos and houses for sale in Burnaby and Vancouver, as well as potential for future growth and appreciation.

Another opportunity is to work with an experienced Vancouver real estate agent who can provide valuable insights into the local market and help you find properties that meet your needs and budget. A top-rated Vancouver real estate agent can also help you navigate the challenges of the market, such as bidding wars and limited inventory, and negotiate on your behalf to secure the best deal.

Vancouver's real estate market offers both challenges and opportunities for buyers and investors. While the high demand and low inventory can make it challenging to find affordable condos and houses for sale in Burnaby and Vancouver, working with an experienced Vancouver real estate agent can help you navigate the market and find the perfect property. Whether you're looking for a commercial real estate agent in Vancouver or a top Vancouver real estate agent for your residential property purchase, choose a knowledgeable and experienced agent who can help you achieve your real estate goals.

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How the Underused Housing Tax Can Impact Condos and Houses for Sale in Burnaby and Vancouver

The Underused Housing Tax is a new initiative in Canada that took effect on January 1, 2022. It is an annual 1% tax on the ownership of vacant or underused housing in British Columbia (BC), Canada. The tax is primarily intended to address the housing affordability crisis in the province and to encourage the efficient use of housing.

The tax usually applies to non-resident, non-Canadian owners who own residential property in Canada that is not their primary residence. These owners will be subject to the tax if their property is vacant or underused for more than six months in a calendar year. However, there are some situations where the tax may also apply to Canadian residents who own property in BC.

For example, if a Canadian resident owns a vacation home in BC that is not their primary residence and is vacant or underused for more than six months in a calendar year, they may also be subject to the tax. The tax also applies to property owned by corporations or trusts, which are not Canadian residents or citizens.

Are you currently looking for condos or houses for sale in Burnaby or Vancouver? If so, you may want to consider the potential impact of the underused housing tax. In this article, we will discuss what the underused housing tax is and how it can affect the real estate market. We will also provide tips on finding an experienced and top-rated Vancouver real estate agent to help you navigate this tax and other considerations when buying or selling a property.

What is the Underused Housing Tax?

The underused housing tax is a tax that was introduced by the Canadian government in 2019 to address the issue of housing affordability. It targets properties that are not being used or occupied for at least six months of the year, including vacant lots and underused buildings. The tax is calculated at 1% of the property's assessed value and is payable by the property owner.

How can the Underused Housing Tax Impact the Real Estate Market?

The underused housing tax can have a significant impact on the real estate market, particularly in cities like Vancouver where housing affordability is a major issue. It can encourage property owners to put their underused properties back on the market, increasing the supply of available housing and potentially lowering prices. It can also discourage foreign investors from buying properties as an investment, as they may not want to pay the tax on a property that is not generating income.

Tips for Finding an Experienced and Top-Rated Vancouver Real Estate Agent

If you are planning to buy or sell a property in Burnaby or Vancouver, it is important to find an experienced and top-rated Vancouver real estate agent who can help you navigate the underused housing tax and other considerations. Here are some tips to help you find the right agent:

  1. Do your research. Look for agents who specialize in the type of property you are interested in, whether it's condos, houses, or commercial real estate.

  1. Check their credentials. Look for agents who are licensed, have a good reputation, and have a track record of success.

  1. Read reviews. Look for reviews from past clients to get a sense of the agent's communication skills, professionalism, and responsiveness.

  1. Interview multiple agents. Talk to multiple agents to find one who you feel comfortable working with and who understands your needs and goals.

The underused housing tax can have a significant impact on the real estate market, particularly in cities like Burnaby and Vancouver where housing affordability is a major issue. If you are planning to buy or sell a property in these areas, it is important to find an experienced and top-rated Vancouver real estate agent who can help you navigate this tax and other considerations. By doing your research, checking credentials, reading reviews, and interviewing multiple agents, you can find the right agent to help you achieve your real estate goals.

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