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Vancouver real estate: As-is property buyers go to tribunal | CTV News – CTV News Vancouver

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It’s a sign of the competitive housing market that some British Columbia home buyers agree to buy a property “as is,” and while that generally means accepting some flaws, it sometimes ends in a legal dispute.

The provincial Civil Resolution Tribunal, which handles small claims cases with a dollar amount below $5,000, recently heard three such cases, with varying outcomes.

Key in each of the disputes was the definition of “as is.”

Those who tried to get money back from the sellers were asked to prove their claims, on a balance of probabilities, and if they could show that things had changed for the worse since the time of the agreement, they stood a chance.

NO KEYS, ‘GARBAGE EVERYWHERE’

Buyers who tried to get $3,590.45 back told the tribunal they’d made such an agreement, but things went downhill.

According to CRT documents, the seller failed to provide the house keys, and when the buyers arrived at the property, they found two broken windows.

The shed in the backyard was missing a door, the buyers said, and there was “garbage everywhere,” tribunal member and vice-chair Shelley Lopez said in a written summary of the case.

They claimed they were owed $700 for storage of their belongings, because the tenant did not leave when required despite being given notice by the seller.

They asked for another $1905.92 for the window repairs, $84.53 to replace the locks, $100 to fix the shed doors and $800 for cleaning and garbage disposal.

But the seller told the CRT that the windows were already broken when the buyers checked out the property.

He said the home, at the time of transfer, was exactly the same as when the offer was made, and that offer only included one condition (that he remove an oil tank), which was met.

As for the keys and the shed, the seller blamed his tenant. He said the shed wasn’t included in the sale, and that he didn’t have the keys. He felt he owed the buyers nothing.

The contract of purchase and sale, which was signed by all parties, did include a statement that the property and all included items would be in “substantially the same condition” as they were at the time of viewing, but did not include the term “as is, where is.”

But the buyers had no supporting evidence of the alleged damage. The CRT’s Lopez said there were no photos of the property, and they were not able to prove the issues weren’t there when they visited the home four months before their possession date.

The tribunal vice-chair said they also didn’t provide proof they’d paid what they said they had to fix the issues.

As such, the claim was dismissed.

ATTEMPT TO RETURN MOTORHOME

Another dismissed case involved the sale of a used, 40-year-old motorhome.

Tribunal member Kristin Gardner heard the case, which involved a seller claiming he’d sold the home “as is.”

The seller said he offered to help replace the water pump and a flat tire, but that the buyer never arranged the work.

The buyer tried to return the home and get his $4,500 back, claiming the seller failed to provide the promised repairs, and “misrepresented” how complex it is to replace a water pump.

Because of these issues, the buyer hasn’t been able to remove it from the seller’s property, he said.

The motorhome in question is a 34-foot, 34-year-old Ford “A Class.” Evidence presented to Gardner included text messages that the seller thought he would have more time to get the repairs done, and to “just change the tire” so the buyer could drive it off the property.

But Gardner found that the evidence did not show the seller was unwilling to help, only that he wanted notice before the buyer came to his property.

Ultimately the dispute was dismissed, as the buyer was unable to prove the seller breached their agreement.

BROKEN FIREPLACES, ‘FILTHY’ HOUSE

Future buyers may want to heed the advice of one tribunal member, who said, “the principle of ‘buyer beware’ generally applies to home sales,” but there are some exceptions.

A case that was successful for the applicants involved a house with a range of issues including missing keys and electrical problems.

Heard by tribunal member Sherelle Goodwin, this case involved an attempt to get thousands of dollars back from the seller in another “as is” purchase.

According to Goodwin’s summary, the applicants’ found the heating system, fireplaces and some appliances in their newly-purchased home were not working.

Keys and vacuum attachments were missing, they said, and there were also issues with the electrical and plumbing systems.

They said the house was “filthy” and the carpets were permanently stained. The total bill for cleaning, repair and replacement was higher than the CRT’s cap of $5,000, but the home buyers chose to limit their claim so it could be heard at the small claims level.

In this case, the tribunal member noted that the seller has a duty to disclose known latent defects – things a buyer may not be able to find during a “reasonable inspection.”

The new owners were able to prove they were entitled to some compensation. Their claims regarding the electricity were shut down, as there was an inspection conducted at the home prior to their possession date that noted “several electrical issues.”

Some of the issues with the heating system were flagged during the inspection, but it was working at that time, so the tribunal member allowed a claim related to that.

The vacuum claim was dismissed, with the tribunal member finding it “unreasonable” for the buyers to expect the seller to replace the entire system to compensate for a missing attachment, but Goodwin allowed a claim to replace a lock since the key had been lost.

A claim for a $40,000 replacement cost for three fireplaces was not accepted, as the applicants didn’t prove this was needed, but because they weren’t working, she awarded $750 to the buyers.

Altogether, with all the accepted claims added to pre-judgment interest and CRT fees, the seller in this case was ordered to pay $3,493.87.

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Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

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TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

The Canadian Press. All rights reserved.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

The Canadian Press. All rights reserved.

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