News: Vancouver Real Estate Market

The Contract of Purchase and Sale (CPS) is one of the key documents used in a real estate transaction. The attached video created by the British Columbia Real Estate Association (BCREA) will help you understand and answer some of the common questions, such as:

• When does the process begin and when is the Contract of Purchase and Sale used?
• What do the terms in the contract mean?
• What information is included in the Contract of Purchase and Sale?

If you want to know more about the CPS form, feel free...

The COVID-19 outbreak has caused a steep decline in interest rates, however, it is uncertain as to how severe the impact will be on economic activity. Considering the importance of tourism and our trade links with China, the magnitude of the impact is expected to be higher in BC. In addition, the Canadian economy also saw the collapse of oil prices and this makes the probability of a recession in Canada that much higher.

An unfortunate byproduct of recession is the loss of jobs and incomes, which...