Real Estate Errors and Omissions Insurance Corporation
1604 – 700 West Pender Street
Vancouver, BC V6C 1G8

Licensees who act outside their area of expertise and knowledge run a higher risk of making a mistake than those who stick to what they know. A real estate licensee in BC holding a trading license is not restricted in the type or location of property they are listing, selling or leasing. However, licensees should give careful consideration before stepping outside their comfort zone as there are several potential pitfalls. For example, licensees selling residential real estate may not be familiar with issues unique to the sale of commercial properties or businesses. Licensees working mainly in one municipality may not be familiar with zoning, bylaw,…

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Properties covered by the phase one nightly rental covenant require that when the property is not being utilized for personal use it be made available 90% of the time for a rental through a bonafide property rental management company. With most phase 1 properties you have the flexibility to choose your own rental management company or organize your own nightly rentals. Your property does need to be occupied for it to earn revenue.

The phase two nightly rental covenant restricts owner personal use of the property to 28 days in the summer, 28 days in the winter and requires that the property is available for rentals through a property rental management company. With phase 2 properties, a rental pool situation is most commonly in place, i.e. so long as…

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Families love Whistler for obvious reasons. Raising children in one of the top-rated adventure destinations in the world has many perks. Access to the best programs, facilities, events and outdoor recreation is every parents dream. Whistler also has a collection of excellent schools. For primary age children there are two public elementary schools and one private schools. Whistler Secondary School is the only high-public school in town which is attended by approx. 350 youth. If you’re thinking of moving to Whistler, here are the schools in the community.

Myrtle Philip Community School

Myrtle Philip Community School was founded in 1976, and is the original primary school in Whistler. The elementary school has grades kindergarten to seven with an…

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Our American friends have for a long time had a love affair with Whistler. In recent years the favourable exchange rate has prompted increased numbers of Americans visiting and buying property in Whistler whether for investment, recreational use or both. Whistler Blackcomb being acquired by Vale Resorts will surely increase the demand of Whistler for US ski-bound travellers, and the 15 percent foreign buyer’s tax which effects Metro Vancouver will likely push buyers to surrounding areas such as Whistler. Many believe that the ‘Trump Effect’ could also increase the desirability of Canadian real estate to those looking for an exit strategy from the US. So just how significant is American investment in Whistler real estate, and is it expected to increase due…

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