Real Estate

Drinking someone else's milk straight from the jug costs B.C. real estate agent $20,000

A British Columbia real estate agent has been fined $20,000 after being caught on camera drinking milk straight out of the jug at a home he was showing.

A consent order released by the B.C. Financial Services Authority last week said Mike Rose was alone in the home in Kamloops, B.C., in July last year as he waited for his clients, who were interested in buying the property.

Rose went to the refrigerator to find water, according to the consent order, but instead swigged some milk straight from the container, which he then put back in the refrigerator.

The consent order, agreed by both the superintendent of real estate and Rose, said the owners of the home saw him drinking the milk when they reviewed footage from a surveillance camera, then confronted him about it two days later.

Rose, who apologized for his actions, was told he wasn’t welcome in

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Real Estate

Real estate: Comparing house and condo costs in Canada

As the average price of a home in Canada rises year-over-year, a new study is highlighting the growing gap between the cost of condominiums and houses in major Canadian cities.

Conducted by Point2 Homes and published earlier this month, the study shows that house prices are more than double the cost of condominiums in 14 Canadian cities, most of which are in Ontario and British Columbia. The data is based on MLS benchmark prices determined by the Canadian Real Estate Association (CREA) and realtor associations in each local market as of May 2023. Benchmark prices are assigned based on property types rather than square footage.

According to Point2 Homes, the study’s results paint “a bleak picture” for those looking to upsize from condos to houses, particularly in major real estate markets such as the Greater Toronto and Vancouver areas.

In Vancouver, for example, houses are approximately $1.2 million more

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Real Estate

Exorbitant building costs, and should parents charge their kids for rent? Canadian real estate news for July 1

Open this photo in gallery:

This week in real estate, how much should parents charge their adult kids for rent?

Here are The Globe and Mail’s top housing and real estate stories this week, with the lowest mortgage rates available in Canada today, commentary from our mortgage expert and one home worth a look.

The struggle of exorbitant building costs

Construction costs for residential real estate across much the country are exacerbating Canada’s housing affordability crisis, reports Erica Alini. In 11 major Canadian cities, the cost of building homes and apartment complexes was up 54 per cent in the first three months of 2023 compared to 2019, StatsCan data shows. Labour shortages, the high cost of materials, and rising interest rates all contribute to high financing costs for developers.

Should parents ask their adult kids to pay rent?

With housing and rental costs on the rise, as well as

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Miami Beach condo owners face big costs imposed by investors

Daniel Fiorda moved out of his 800-square-foot condo in Miami Beach last month, more than two decades after he bought it.

He didn’t want to leave his canal-front slice of paradise. But after a real estate firm purchased six of his building’s 10 units, took control of the board and increased maintenance fees by more than four times — a jump for Fiorda from about $550 to $2,280 a month — he and his wife, Laura Ines Cobos, were in a bind.

Fiorda, an artist and musician from Argentina, began taking odd jobs to try to keep up. But ultimately, the couple moved into a rental in Biscayne Park and found a tenant to live in their Miami Beach home. The tenant is now paying $2,100 a month — still less than the cost of their condo fees, which are on top of mortgage payments.

“They want us to be

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single family home

Remember To Permit For Real Property Closing Costs

Real EstateEstablished in 1911, Douglas Elliman Real Estate is the biggest brokerage within the New York Metropolitan space and the second largest impartial residential actual property brokerage in the United States by sales volume. Many in years past the one method to discover properties on the market was by driving all through the neighborhoods that involved you and likewise looking for actual-property indicators. Even though this system is considerably outdated, you’ll be able to nonetheless find properties on the market through this route. The principle problem with this fashion is that you may spend effort and time trying to find homes and find yourself discovering nothing. As well as, if you are curious about foreclosures you will not discover them on this means. Since foreclosures aren’t listed by actual estate property agencies, there may not any signs exterior the homes.

close to to your college The place do you need to …

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