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Blog › October 2009

HOME INSPECTORS NOW LICENSED IN BC


HOME INSPECTORS NOW LICENSED IN BC

The Canadian Association of Home & Property Inspectiors CAHPI(BC) is a self-regulating association of professional home and property inspectors, representing all regions of British Columbia. They are committed to protecting consumers through  stringent membership requirements, mandatory ongoing training programs, and detailed Standards of Practice and Code of Ethics. CAHPI(BC) has been instrumental in seeking this regulatory control of the home inspection industry through the Province of British Columbia for many years, so that consumers can be better assured of inspector qualifications.


Their site is designed to provide easy access for the public when seeking information about home inspections and the areas served by qualified inspectors. They have endeavored to make their web site easy to use and hope that you find it informative and useful.

Home Inspectors now require licenses to operate in British Columbia.  The Business Practices and Consumer Protection Authority (BPCPA) are responsible for licensing and administering the regulations. Find a local Home Inspector..


HOW TO INSPECT YOUR HOME INSPECTOR


Excerpts from a Vancouver Sun article written by Mike Holmes (Holmes on Homes) October 2, 2009

"I want you to use the right home inspector - the one who's an experienced and qualified professional. So be sure to take the time to find a good one and when you hire a home inspector, be present for your home inspection. This is your first chance to learn about your home, first hand. Ask questions and listen to the answers, especially if it's bad news.  Make sure you read the report thoroughly and understand everything the inspector is telling you about the condition of the home."

QUESTIONS TO ASK YOUR HOME INSPECTOR

Can I see your license/professional credentials and proof of insuranc. How many years' experience as a home inspector do you have?

How many years experience as a home inspector do you have?

How many inspections have you personally done?

What qualifications do you have? What kind of training do you have? Are you a member of a professional organization?

What is your background? Construction? Engineering? Plumbing?

What kind of report do you provide?

Can you give me an idea of what kind of repairs the house may need?

Can you do the inspection during the day?

How long do your inspections take?

Do you take pictures of the house and add them to your report?

Can I see some references? - and make sure you check then.

 



MARKET REPORT FOR SEPTEMBER


Buyer demand remains strong while home listings increase

 Greater Vancouver home sales remained strong last month, with the second highest number of residential sales ever recorded for the month of September.

 The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,559 in September 2009, an increase of 3.4 per cent from the 3,441 sales recorded in August 2009, and an increase of 124.5 per cent compared to September 2008 when 1,585 sales were recorded.

 “As homes sales in Greater Vancouver continued at an elevated pace in September it’s encouraging to see that more homes were listed on the MLS® in the month than any other so far this year,” Scott Russell, REBGV president said.

 New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,764 in September 2009. This represents a 6.2 per cent decline compared to September 2008 when 6,142 new units were listed, but a 26.8 per cent increase compared to August 2009 when 4,544 properties were listed on the Multiple Listing Service® (MLS®) in Greater Vancouver.

 At 12,596, the total number of property listings on the MLS® increased 5.5 per cent in September compared to last month and declined 36 per cent from the 19,852 homes listed for sale during the buyer’s market that was experienced at this time last year.

“During this period of renewed demand in our marketplace, home values have gradually recovered from the declines that occurred in 2008,” said Russell.

 Since the beginning of the year, the MLSLink® Housing Price Index (HPI) benchmark price for all residential properties in Greater Vancouver has increased 13 per cent to $547,092 from $484,211, while home prices compared to Septembers 2008 levels are up 1.6 per cent.

 Sales of detached properties increased 160.6 per cent to 1,423 from the 546 detached sales recorded during the same period in 2008. The benchmark price, as calculated by the MLSLink Housing Price Index®, for detached properties increased 2.1 per cent from September 2008 to $741,632.

 Sales of apartment properties in September 2009 increased 94.9 per cent to 1,489, compared to 764 sales in September 2008. The benchmark price of an apartment property increased 1.5 per cent from September 2008 to $374,686.

 Attached property sales in September 2009 are up 135.3 per cent to 647, compared with the 275 sales in September 2008. The benchmark price of an attached unit increased 0.4 per cent between Septembers 2008 and 2009 to $466,276.

 2009-09_NorthVancouver_HPI_5-Year-Trend_Graph copy2009-09_WestVancouver_HPI_5-Year-Trend_Graph copy