Saturday, May 5, 2012

South Surrey/ White Rock & Cloverdale Garage Sales for May 5th 2012

 

Tonnes of sales this weekend including our associates, the White Rock Walkers’ Annual Neighbourhood Sale. Maps for all available – click on the picture.

 

 

Garage Sales South Surrey

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Saturday, April 21, 2012

Added Feature to #WhiteRock #SouthSurrey #Cloverdale Garage Sales Map

 

Good Morning!
For all you Smartphopne Garage Sale Hunters & Collectors out there, we’ve added the option to view the weekend Garage Sales List through Google Earth on your smart phone. Now, the clarity of this may be spectacular, but to be clear, you still won’t be able to see the items on driveway using this method. Smile

 

Click on the house to see the map.

 

House image

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Saturday, April 14, 2012

Garage Sales for #SouthSurrey #WhiteRock #Cloverdale–Apr 14th

Hey great news! Holy Smoke Coffee (The Tepee on King George Blvd) is now offering our Garage Sale Maps complimentary when you come in and experience their in-house roasted coffee.

What a great way to get started on your day of bargain hunting.

We have included the Tepee location as “A” on the map.

 

Here it is, click on it:

 garage sale image

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Saturday, April 14, 2012

Shred-a-Polooza in #SouthSurrey #WhiteRock

Shred-A-Thons this weekend.

 

There are two shred-a-thons this weekend. One is being held at Semiahmoo Mall. Proceeds will go to The SouthSurrey/WhiteRock Food Bank. The other is in Ocean Park. Proceeds will go towards a new sports court & playground for the kids at Ocean Cliff Elementary.

 

Shredathon

 

Ocean Park Shred-a-Thon

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Saturday, April 7, 2012

Easter Weekend Garage Sales–2012 #SouthSurrey #WhiteRock #Cloverdale

Here are the garage sales for Saturday. Don’t forget there is a pancake breakfast and Easter Egg Hunt in Ocean Park courtesy of our associates at Verico Dreyer Group Mortgages starting at 8:30.


Click the eggs for Garage Sales Map.

 

Easter eggs

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Friday, April 6, 2012

Good Friday Garage Sales–2012 #SouthSurrey #WhiteRock #Cloverdale

Because this is a long weekend (and the sun is shining), there are a few more garage sales than there have been lately. YAH!

 

Here is a link to Fridays.

We’ll update them each night. If you know someone in the area having a garage sale, and they aren’t on the list, let them (or us) know.

 

good friday

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Thursday, February 23, 2012

BUYERS' DUE DILIGENCE OBLIGATIONS

 

 

Legally Speaking

 

Number 452, February 2012

 

BUYERS' DUE DILIGENCE OBLIGATIONS

 

Jennifer Clee There have been a number of recent articles on a seller's obligation to make full and complete disclosure of all issues respecting property offered for sale. What about a buyer's obligation when purchasing property?

Most licensees are familiar with the doctrine of caveat emptor or 'buyer beware.' That maxim holds that a seller has no obligation to disclose patent defects: those discoverable upon a reasonable inspection. However, a seller does have an obligation to disclose latent defects – those not discoverable upon a reasonable inspection – which make the premises dangerous or unfit for habitation. Courts have balanced a seller's duty to disclose certain facts and to avoid misrepresentation with the buyer's duty to protect their own interests.

Characterizing a defect as patent or latent is a question of fact requiring consideration of the defect's nature, its importance to the buyer, and the extent of the inspection and inquiry that would be reasonable in the circumstances to reveal the defect. In determining the applicable standard of care, the court will consider the investigative actions that a reasonably prudent buyer would take in the circumstances. The buyer's level of sophistication is relevant in determining the standard. Our courts consider that buyers have the primary responsibility for investigating a property they propose to purchase, and a duty to carefully review all information provided to them regarding the property.

Consider the facts in Creswell Investments Inc. v. Pavone1: a sophisticated commercial buyer purchased a commercial strata unit that had a removable mezzanine installed without the necessary building permit. The buyer's offer was non-subject and specified that the mezzanine was included. While the seller had completed a Property Disclosure Statement (PDS), which indicated the seller was aware of alterations or additions done without a required permit and referred to the mezzanine, the buyer did not ask for the PDS and thus it was not provided.

Prior to completion, and at his request, the buyer received authorization from the seller to review the property's city file and received the contact information for the mezzanine manufacturer. The buyer did not follow up in reviewing the file or contacting the manufacturer.

After the sale completed, the buyer discovered the mezzanine did not comply with the building code. The buyer sued the seller for failing to disclose the mezzanine's status. After dismissing the claims for misrepresentation against the seller, the ultimate issue for the court was whether the mezzanine's status constituted a latent defect, which the seller was obliged to disclose, or a patent defect.

The court found that the mezzanine did not comply with the fire safety provisions of the building code and this was a latent defect as the premises were potentially dangerous. However, the court concluded that, as the mezzanine's status could have been discovered by a reasonable investigation by the buyer, the defect was patent.

The court held that a reasonably prudent buyer in the buyer's position would have made enquiries about the property at the time of his offer and made the agreement subject to being satisfied with the results of those enquiries. The court held that at the very least, the buyer should have requested a copy of the PDS. Had those steps been taken, the buyer would have discovered the mezzanine's status.

The decision serves as a reminder that while sellers are obliged to make full and complete disclosure of defects not readily discoverable, making the property dangerous or unfit for habitation, buyers are equally obliged to exercise due diligence in investigating properties they propose to purchase. The standard of inquiry will be that of a reasonably prudent buyer in the circumstances.

 

Jennifer A. Clee
B.A., LL.B.

  1. Creswell Investments Inc. v. Pavone, 2011 B.C.S.C. 1069 (S.C.).
Back issues of Legally Speaking are available to REALTORS® on BCREA's REALTOR Link® homepage. Subscribers who are not REALTORS®, and who wish to see back issues, should contact HudsonHomeTeam by email at Info@HudsonHomeTeam.com, or by phone at 604.742.2784.
Legally Speaking is published eight times a year by email and quarterly in print by the British Columbia Real Estate Association, and funded in part by The Real Estate Foundation of British Columbia. Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: "Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information.
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Monday, February 6, 2012

Fraser Valley Real Estate Statistics January 2012

2012 KICKS OFF WITH NEW HOME PRICE MEASUREMENT; AND, A SLUGGLISH START TO SALES

 

Turtle 2

 

 

(Surrey, BC) – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) processed 799 sales in January, a decrease of 4 per cent compared to the 834 sales in January last year and 10 per cent fewer than were processed in December. In the last decade, January 2012 was second only to 2009 for lowest volume.

On the flip side, compared to other starts during the last 10 years, the Board received one of its highest influxes of new listings for January – 2,753 – 5 per cent more than January 2011 and 143 per cent more than December the month before. The increase in new inventory raised the volume of active properties in Fraser Valley to 8,320 by the end of January.

Sukh Sidhu is the Board’s president. “For spring house hunters this is great news. For buying power you can’t beat the combination of greater selection, the continuation of extremely low interest rates and stable prices.”

The Board’s new MLS® Home Price Index (MLS® HPI), launched today, reveals that residential home prices in Fraser Valley have decreased gradually over the last six months, while still showing increases year-over-year.

In January, the benchmark price of a detached home in the Fraser Valley was $567,700, an increase of 7.6 per cent compared to $527,500 in January 2011 and an increase of 0.1 per cent compared to December.

For townhouses, the benchmark price in January was $314,200, an increase of 2.4 per cent compared to the same month last year when it was $306,800 and down 1.1 per cent compared to December. The benchmark price of apartments in January was $199,600, a decrease of 0.1 per cent compared to January 2011 when it was $199,800 and an increase of 0.3 per cent compared to December.

The MLS® Home Price Index (HPI), replacing the Lower Mainland’s MLSLink® Housing Price Index, is a new measure of price for residential properties in five major markets across Canada. It includes Greater Vancouver, Fraser Valley, Calgary, Toronto, and Montreal, with more markets to be added. It was pioneered by six founding partners: the real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Greater Toronto and the Canadian Real Estate Association.

Sukh Sidhu says the new MLS® HPI will be very helpful to REALTORS® in guiding homeowners. “It’s a bigger, better tool to measure the change in home prices in the Fraser Valley and now we can more accurately compare our market to other major cities in Canada.” Learn more at www.homepriceindex.ca.

 

Download Stats Package here.

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Saturday, January 28, 2012

Garage Sales for This Week

 

The Garage Sale list is a bit small this week, but better than last week. I’ll bet you can find some good finds at this weeks. Click on the photo for the map.

 

garage sale image

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Saturday, January 7, 2012

Garage Sales for January 7th 2012

 

 

Happy New Year!

 

Similar to the holiday season, there are few sales going on at the moment. However, that does not mean that there is not quality to be found in the ones going on.

 

Click on the photo for the map and list.

 

HudsonHomeTeam - Garage Sales

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