Category: Real Estate

The Importance of Property Insurance: Protecting Your Home and Investment

What is Property Insurance?

Property insurance is a type of insurance policy that provides coverage for damage or loss to real estate property, such as a home or commercial building, and its contents. It is designed to protect property owners from financial losses due to unexpected events, such as natural disasters, theft, or vandalism.

Why is Property Insurance Important?

Property insurance is important for a number of reasons, including:

Protection against Financial Losse

s Perhaps the most important reason to have property insurance is to protect against financial losses. If your property is damaged or destroyed due to a covered event, such as a fire, flood, or storm, property insurance can help cover the costs of repairing or replacing the damaged property. This can prevent you from having to pay for these expenses out of pocket, which can be a significant financial burden.

Lender Requirements

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2 real estate agents fired over their ‘you could do worse’ ad campaign double down on their brand

A pair of real estate agents in London, Ont., who were fired from a realty firm for taking their advertising campaign, “You could do worse,” to billboards and social media have doubled down on their mantra.

Tristan Squire-Smith, 42, and Johnny Hewerdine, 43, were fired in December from a real estate business they don’t want to publicly name, but were quickly snapped up by the Realty Firm. CBC News has seen a copy of their termination letter, which cites “professional differences.”

We might not be for everybody, but the people who like us, really love us.– Tristan Squire-Smith, real estate agent

“They fired us for excessively using the phrase, ‘You could do worse,'” said Hewerdine, a Realty Firm broker who previously worked as an electrician. ‘We just stuck with it and actually doubled down on it, and now it’s just completely taken off.”

The mantra is polarizing, Hewerdine admitted.

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This Thornhill side-split last sold for $180,000. Now it’s going for $1.9 million

House of the Week: This Thornhill side-split last sold for $180,000. Now it’s going for $1.9 million

At 2,500 square feet, the property comes with a giant walk-in closet, a basement bar, an in-ground pool and a covered second-storey deck

Toronto Life, Real Estate, House of the Week, Thornhill: family room

Neighbourhood: Thornhill
Price: $1,888,000
Size: 2,500 square feet
Bedrooms: 4
Bathrooms: 4
Agent: Mark Adelson, Adelson Weiss Real Estate Team
Previously sold for: $180,000 in 1986

The place

A four-bed suburban home that’s been owned by the same family for more than 35 years. The place has a backyard with a pool and is within walking distance of Thornhill Community Centre as well as Windy Hill, Valley View and Bayview Reservoir parks.

The history

Realtor Mark Adelson was just six years old when he and his family moved to Thornhill from South Africa in 1986. His parents fell in love with this house and snatched it for $180,000. Mark grew

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March Reflects Victoria Real Estate Consumer Confidence

GRADEN SOL

VICTORIA – A total of 590 properties sold in the Victoria Real Estate Board region this March, 29.2 per cent fewer than the 833 properties sold in March 2022 but a 28.3 per cent increase from February 2023. Sales of condominiums were down 29.4 per cent from March 2022 with 197 units sold. Sales of single-family homes decreased 31.8 per cent from March 2022 with 281 sold.

“We’ve seen our sales numbers this month almost double from January,” said Victoria Real Estate Board Chair Graden Sol. “As we move further into spring, we expect that the return to confidence we’ve seen in the market will continue. What we can’t predict is what the overall impact on pricing will be if we continue to see quite low inventory across our community. Some pockets of our market are busier than others – by working with your realtor you can

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BC Sees Lowest Industrial Real Estate Absorption in Nearly a Decade

In the past half-decade or so, the industrial real estate market in BC has been increasingly defined by the high demand and low supply of such space, which makes what occurred in Q1 that much more notable: Vancouver just saw the lowest amount of industrial space absorbed in nearly a decade.

According to a Q1 2023 national report published by Colliers last week, 710,000 sq. ft of new supply was added to the market in Q1, but just 36,116 sq. ft of that was absorbed, which the real estate services firm says is the lowest in nearly 10 years. Accordingly, the industrial vacancy rate more than doubled compared to Q4 2022.

It must be noted, however, that although the vacancy rate tripled from 0.2% to 0.6%, Vancouver still has one of the lowest vacancies in Canada, second only to Victoria and Toronto, which both had rates of 0.4% (up from

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