Real Estate On Tap- BC Real Estate unfiltered and ready to spill cover art

Real Estate On Tap- BC Real Estate unfiltered and ready to spill

Real Estate On Tap- BC Real Estate unfiltered and ready to spill

By: Darin Germyn
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Each episode, you will hear about the crazy stories, effects of government changes and up to the minute information about real estate in British Columbia Canada. Brought to you by the Germyn Group, Surrey REALTORS® Darin Germyn and Adam Howsam.Darin Germyn Economics
Episodes
  • How do foreclosures work in BC? (and are they even worth it...?)
    Sep 4 2025

    Foreclosures in BC are not the fire-sale deals you might imagine. If you’ve been picturing courthouse auctions, massive discounts, and quick flips, the BC foreclosure process will surprise you. Buying a foreclosure in British Columbia means going through the BC Supreme Court, writing subject-free offers, and competing against other buyers who can show up on court day with a better bid. This video explains how foreclosures in BC work, step-by-step, and why buying a foreclosure property is often more risk than reward.From Surrey to Vancouver and beyond, foreclosure homes in BC are increasing — but not all distressed properties are worth chasing. You’ll learn what triggers a foreclosure, how the court-ordered sale process works, and why the “as-is, where-is” condition can leave you with unexpected repairs or even the previous owner still living inside. The BC foreclosure process isn’t designed to give buyers a steal — it’s designed to recover what’s owed to the lender, which means prices are often close to market value.Foreclosure real estate in Canada also comes with no property disclosure statements, no guarantees, and no cleanup. You’ll see why financing is tricky, how the long wait for court approval can make you miss out on other homes, and why most foreclosure sales in BC close within just a few thousand dollars of similar market listings.If you’re searching for how to buy a foreclosure in BC, the truth about foreclosure homes for sale in British Columbia, or whether foreclosure listings in BC are actually a good deal, this is your must-watch guide. Whether you’re an investor, first-time home buyer, or just curious about the BC real estate market, knowing how foreclosures really work will help you avoid costly mistakes.#foreclosuresinbc #bcrealestate #buyingaforeclosure #foreclosureprocessbc #foreclosurehomesbc

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    19 mins
  • How Assignments Really Work in BC (and Why You Shouldn't Touch Them)
    Aug 30 2025

    Buying an assignment sale in BC real estate sounds like an easy win—until you learn how these contracts actually work. Many buyers think they’ve found the ultimate shortcut to profit in presale condos and townhomes, but assignments in British Columbia come with rules, taxes, and developer-friendly fine print that can leave you paying far more than expected. This video explains how assignments work in BC, why developers control the process, and what it really means to take over someone else’s presale contract.From the foreign buyer tax and BC’s new flipping tax to unexpected GST and property transfer tax bills, these are the real numbers that can gut your profits if you aren’t careful. You’ll hear how financing for an assignment is riskier than most buyers realize—and why market drops or low appraisals can leave you scrambling to find tens or even hundreds of thousands of dollars at closing. Assignments can change hands multiple times before completion, and each transfer increases the chance of missing documents, incorrect amendments, or costly legal messes.This is especially critical if you’re a first-time home buyer in BC, a U.S. buyer moving to British Columbia, or an investor looking at presale real estate in Vancouver, Surrey, or the Lower Mainland. These aren’t typical resale contracts—they’re complex agreements written by developer lawyers to protect the developer first. Understanding BC assignments means knowing the difference between a deal worth taking and one that could sink your finances.Whether you’re searching for “how assignment sales work in BC,” “risks of buying presale in Canada,” or “BC real estate taxes,” this video gives you the perspective you need before signing anything. Learn the questions you should be asking, what clauses to look for, and how to avoid the costly mistakes so many buyers have made. BC real estate is competitive enough—don’t make it harder by walking into an assignment unprepared.#bcrealestate #assignmentsales #presalerealestate #buyinginbc #canadarealestate

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    14 mins
  • How to Move to British Columbia from the U.S. in 2025
    Jul 26 2025

    Thinking about moving to British Columbia from the U.S. in 2025? You’re not alone—and you’re definitely not crazy. More Americans than ever are packing up, crossing the border, and planting new roots in BC. The political climate, health care costs, and safety concerns are pushing people to look north. But moving to British Columbia from the U.S. isn’t just about fresh air and lower property taxes. It’s about understanding what really changes when you trade in square footage for quality of life.This video walks you through what most people don’t find out until it’s way too late—like whether you can even buy a home in Canada, how your U.S. credit score becomes useless, and why that so-called “universal healthcare” might leave you footing a massive bill if you’re not careful. You’ll learn how immigration status, foreign buyer taxes, and local rules around BC real estate can turn your dream move into a budgeting nightmare if you’re not prepared. This isn’t fluff—this is what people wish they knew before making the leap.Real estate in BC isn’t like the U.S., and neither is the process. Websites don’t work the same. Mortgages are structured differently. Even the terminology is foreign (literally). And unless you understand how things like the Speculation and Vacancy Tax or the Property Transfer Tax affect you, it could cost you six figures or more.This is your no-nonsense roadmap to moving to BC in 2025. Real estate buyers relocating to Canada from the U.S. need to hear this before signing anything. If you're searching for how to move to British Columbia, how to buy real estate in BC, or whether moving from the U.S. to Vancouver, Kelowna, or White Rock even makes sense—you’re in the right place.#movingtobritishcolumbia #canadarealestate #uscanadamove #livinginbc #bcimmigration2025

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    19 mins
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