‘Don’t always go up’: Bulk of Metro Vancouver presale condos sold in 2022 and 2023 now appraised below original price
HOME BUYERS – To get the best exclusive listings visit www.vreg.ca and go to “EXCLUSIVE DEALS”
HOME BUYERS – To get the best exclusive listings visit www.vreg.ca and go to “EXCLUSIVE DEALS”
The BRRRR method—Buy, Rehab, Rent, Refinance, Repeat—is one of the most powerful strategies for building a real estate portfolio without constantly injecting new capital. But it’s not foolproof. For first-time investors, a few wrong moves can derail the entire cycle—leading to missed refinance windows, disappointing returns, or deals that flat-out don’t work. Here are seven…
On average, windows will last between 15 to 30 years, though the exact life span depends on several factors, including the type of glass, the quality and material of the frame, the local weather, and whether the window is installed properly or not. Regardless of these factors, windows and window frames can break or begin to show signs of wear, indicating that you need to repair the windows or invest in an upgrade. However, before paying for costly repairs, read on to learn 10 signs you need to replace your windows instead. 1. Visible Damage One of the most obvious signs that you should consider replacing the windows is if there is visible damage. While you can pay for the windows to be repaired, it’s important to consider their current age. Newer windows might be worth the cost of the repair, but it’s typically more cost-effective to replace older windows that are visibly damaged. Visible damage can include broken glass, a broken window frame, or even a broken seal that causes fog or moisture to accumulate between the panes. Not only can this damage put the home at risk of wood rot and mold growth, but it also detracts from the appearance of the home, reducing its value and negatively impacting the curb appeal. 2. Difficult to Operate Windows are designed to function without a lot of effort. You should be able to lock, unlock, open, and close the windows with relative ease, but as windows age, the frame might start to swell, and the hardware can rust or become bent due to regular use. When this occurs, you can pay to have the window hardware replaced or even have the frame repaired, but the same issues might happen again in a few years. Instead, it might be better to replace the window entirely to ensure you have another 15 to 30 years before you need to worry about the windows again. Keep in mind that while you can replace just one window at a time, it’s often better to invest in replacing multiple windows at once for a lower overall cost. 3. Room Feels Drafty While windows are designed to allow fresh air into the home, this doesn’t mean you always want outside air flowing into your house. If you notice that the room is drafty or that air seems to be leaking through the windows when they’re closed, this is typically a sign that the seal around them is broken, bent, or otherwise deformed. Replacing the seal will fix this issue, so if your current budget is too tight for a full window replacement, this might be a short-term solution. However, as the window ages, other problems will begin to occur, so this could be a good time to replace the window entirely. 4. Frames Feel Soft Some windows have metal window frames, but there is also a wide variety of wooden window frames. After years of exposure to rain, sleet, hail, and snow, the wood frames could begin to rot or break down, causing them to feel soft or spongy to the touch. This is a clear indicator that you will need to replace the windows and frames before the moisture begins to seep into the home. Similarly, if your window frames are made of metal, look for signs of rusting, chipping, or even crumbling, which typically indicates that the window frame is gradually breaking down. If the frame is no longer able to hold the glass or to keep moisture outside, it puts the home at risk, so plan to replace the windows as soon as possible. 5. High Energy Bills Home energy bills can be affected by a wide variety of issues around the home, like low-efficiency appliances, poor insulation, aging heating and cooling systems, or faulty windows. Since the furnace works to keep the home warm in the winter, and the air conditioner is primarily responsible for keeping the home cool in the summer, any drafty areas of the home where heat can flow freely through the walls reduce its overall efficiency. Faulty windows with loose or damaged seals can contribute to rising energy bills by forcing the heating and cooling system to work harder just to maintain the set temperature indoors. If you suspect this is the case, you can have the window seals replaced, though depending on the age and condition of the windows, it might be better to invest in a full window replacement to resolve the issue for the foreseeable future. 6. Water Leaks Through the Windows Windows are made to keep rain, sleet, hail, snow, and other sources of moisture outside the home, so if you notice that water seems to be coming in through your windows, this is a sign that you need to replace your windows as soon as possible. A little bit of water won’t do a lot of damage, but continued exposure to water can rot the window frame, warp the windowsill, damage the drywall around the windows, cause high humidity in the room, and even damage the flooring under and around the windows, depending on the severity of the leak. If you are short on funds and need a short-term solution, you might be able to prevent the window from leaking by replacing the seal, though this isn’t a guaranteed fix, especially if the window frame is already damaged. It’s best to replace the
A massive new mountain bike park will soon open at Grouse Mountain, and outdoor enthusiasts are ready to ride atop the Peak of Vancouver. The resort announced today that Grouse Bike Park will open on June 6, 2025, with a variety of tracks and trails for cyclists of all skill levels. North Shore’s first and only chairlift-accessed mountain bike park is part of Grouse Mountain’s $9 million investment into expanding its year-round offerings, originally announced last summer. Grouse Mountain “The current and growing enthusiasm for mountain biking in the Lower Mainland, combined with Grouse Mountain’s existing infrastructure and terrain, makes Grouse Bike Park a natural next step as we continue to enhance all-season offerings and the overall guest experience,” said Michael Cameron, President of Grouse Mountain Resort, in a release. “The trails at Grouse Bike Park cater to riders of all skill levels, and we’re excited to feed the appetite of the community while contributing to the renowned trails already present on Vancouver’s North Shore.” Gravity Logic, the same company behind the design and build of Whistler Bike Park, constructed the Grouse Bike Park project. The new outdoor destination will feature nearly 10 km of trails, including beginner green and blue flow trails and advanced intermediate and expert trails. Grouse Mountain There will also be a blue jump line, single black technical trails, and a double black single track opening in June, with a single black jump line scheduled to open sometime in the summer. Grouse Bike Park features a vertical of 900 m and will also include a skill zone. All trails will lead back to the Screaming Eagle Chairlift, which will return riders to the mountaintop. The resort will also open a new gravity-fed mountain coaster as an annual seasonal attraction, set to open in Spring 2025. Construction on the coaster began in 2023. Fall 2024 testing of the new Blue Grouse Gondola at Grouse Mountain Resort. (Grouse Mountain Resort) The spring openings of the coaster and bike park were timed to happen after the recent opening of Grouse Mountain’s $35 million new access gondola between the base parking lot and the plateau level next to the Peak Chalet. The new access gondola replaces the 1960s-built Blue Skyride, which recently closed permanently and is being decommissioned. Season passes for Grouse Bike Park are on sale now, with day passes becoming available closer to June’s opening date. With files from Kenneth Chan
Stan Direct: 604-202-1412E-mail: ssteam3000@gmail.com WARNING: Buying a new house or a condo from the developer’s sales office is always very exciting but if you are not very familiar with the whole process, it might cost you THOUSANDS of $$$ and many legal problems. Remember that the new development sale offices are established by the developer and…
Credit: Getty Images / StockSeller_ukr Summer weather is ideal for enjoying the pool, the yard, and the sun, but after being outside for a few hours, it can also be a great relief to step into an air-conditioned home. These hot temperatures often cause many homeowners to adopt certain habits that are more wasteful than helpful. In an attempt to escape the heat, keep the house cool, and maintain the lushness of the yard, it can be all too tempting to try things that actually increase utility bills, costing you more in the long run for minimal relief. Use this guide to discover what summer habits secretly spike utility bills and what to do instead. Scott Levene is the vice president of Levco, a fuel and HVAC solutions company. He is also a licensed HVAC professional with nearly 20 years of experience. Read on to discover the ways you might be increasing your monthly bills without even realizing. 1. Cooling Unused Areas of the House Air conditioners help to cool down the home, but when you aren’t actively using specific rooms, there is no need to keep the doors open to these areas of the home. Central air conditioning systems might still provide some cooling to these areas through the ductwork, but ultimately, the cooling capabilities will be more focused in the central areas of the home where the thermostat is typically located. Closing certain doors allows the temperature to drop more effectively in the areas you are actually using, while saving energy. This particular trick works incredibly well for window and standing air conditioners, since their output is already focused in a single area of the home. 2. Running Fans 24/7 Fans can help move cool air throughout the home and provide direct relief to individuals who are near the fan. However, fans do not actually cool down the house, and their continuous operation can even add heat to the house. “A common habit is leaving fans on in empty rooms. Fans cool people, not rooms, so leaving them on when no one’s around just adds to the electric bill without any benefits,” says Scott Levene, vice president of Levco and licensed HVAC professional. 3. Frequent Lawn Watering Watering the lawn frequently might keep the grass looking lush and the gardens blooming nicely, but it is also a huge use of water that will drastically increase the cost of your water bill throughout the summer. In some areas, watering the lawn and yard might even be against local regulations due to droughts and water conservation efforts. Instead, it’s best to consider possible alternatives that can avoid waste and help save on your water bill. 4. Running the Air Conditioner with the Windows or Doors Open Many homeowners know to turn off the air conditioner if they are opening a window or door. However, this same knowledge might not be as obvious to other people living in the home, like children or teenagers. Additionally, some adults might open the windows on cooler evenings to bring in fresh air, but then forget to turn the AC off, which increases energy waste and leads to higher energy bills. 5. Setting the Thermostat Temperature Too Low Unfortunately, just because you turn the thermostat temperature as low as possible, this does not increase the speed at which the home will be cooled, though this doesn’t stop many homeowners from trying year after year. “The most common habit we see is turning the thermostat down too low, thinking it will cool the house faster. Setting the thermostat to 65°F instead of 75°F doesn’t make it work any faster; it just makes the system run longer and work harder, which drives up utility bills,” explains Levene. How Do These Habits Burn Your Budget? Deciding to put a stop to these habits and making the switch to a more budget-friendly alternative will help keep more money in your wallet and reduce waste. “The examples listed might only cost a few extra bucks a day, but that adds up over time,” Levene says. “Additionally, the extra strain on the HVAC system causes faster wear and tear, which can shorten the lifespan of the equipment. Frequent repairs or premature replacement costs are a major expense.” Related 7 Budget-Friendly Alternatives to Beat the Heat The more unnecessary warm-weather habits you tend to do each year, the higher the cost of your energy bills and the larger your ecological footprint, which is reflected in water and energy waste. Instead, work toward adopting budget-friendly habits that can both keep you cool and reduce your spending this summer season. 1. Use a Programmable Thermostat When you have a regular thermostat, it’s your responsibility to change the temperature throughout the day and when you leave the home. “Set your thermostat to a reasonable temperature. We recommend 76°F to 78°F when you’re home and 78°F to 80°F when you’re away,” Levene says. With a programmable thermostat, you can simply set a specific schedule based on when you leave for work, when you typically go to sleep, and when you wake, so you can reduce energy waste without even thinking about it. 2. Set Up a Rain Barrel Constantly watering the lawn is a huge waste of water, and it can quickly add up on your water bill. Instead, use one or more rain barrels in the yard to catch and collect rain. The collected water
The Recipe You Need to Succeed Attend our seminar where we’ll give you real answers, home-buying strategies, and a recipe for success proven by our clients. We will provide you with a step-by-step guide with everything you need to know when it comes to buying your first home. Even if you are not a first-time buyer, all buyers are welcome! Our First-Time Home Buyer Seminar will offer you the perfect roadmap for your buying journey, where you can expect: In-depth insight into market trends A comprehensive understanding of the buying process, including where to start Clarity on what you can afford and how to prepare your finances At the end of the seminar, you will also connect one-on-one with our award-winning agents. With your dedicated guide, you can ask all your questions and receive valuable tips that reflect your unique circumstances. Whether you are looking to buy a pre-construction or a resale property, our GTA-Homes agents are prepared to walk with you while connecting you with other reliable real estate professionals you will need to have on your team. Decision to Rent or Buy Although buying a home may seem out of reach, most renters don’t realize how much money they’re actually spending each year on someone else’s mortgage and profit. Owning a home almost always comes out ahead because your monthly rental payments could have been helping you build equity in your own home instead! It also helps to factor in tax benefits, property appreciation, and other incentives when you buy. Let’s compare the numbers to give you a clear picture. If you are currently renting at $2,500 per month, plus about $130 in utilities, you’re paying $2,630 monthly or $31,560 a year. This money will only cover your cost of living and won’t do much else for you. It primarily goes toward paying off your landlord’s mortgage. Now let’s look at the monthly carrying costs of owning your own home. Let’s say you purchased a $500,000 home with a 20% down payment to avoid additional mortgage insurance fees and took on a fixed 30-year mortgage at 4% interest. Your monthly payments will need to include your mortgage payments, property taxes (1% of the property’s value annually), home insurance, and utilities.