Home Insurance 101 – The Basics

Home insurance is not a luxury – it is a necessity. Many homeowners/tenants chose to opt out of purchasing insurance as they find it expensive, and end up learning from their mistake the hard way when something goes wrong.  Banks and mortgage companies require proof of insurance coverage before they authorize a loan to a prospective client. 

Basically there are 2 common types of protection: 

1. Named Perils: This type of coverage includes a list of the most common types of things covered under your insurance. It includes fire, theft and water damage. Everything is listed very clearly in your policy booklet so you have a complete and thorough understanding of what your insurance policy covers.

This coverage is usually less expensive, but places more risk to financial loss on you. 

2. All Risks: insures your building for the most common types of losses. When you have all risk coverage, your building is insured for everything, unless it’s specifically excluded from your policy (e.g. intentional damage to your own property would not be covered, as wouldn’t terrorism). 

There are usually three parts to your homeowner’s policy. (For condominium owners and tenants, just the contents and liability coverage apply):

  1. Building insurance covers the main dwelling, garage and any out buildings.
  2. Contents insurance covers the cost of replacing furniture, carpets and personal possessions. Valuables such as art, jewels and furs may require additional coverage. Note that most contents are insured even outside the home, for example, if stolen while you are on a trip.
  3. Liability policies insure against the costs incurred if, due to negligence, you are held responsible for an act causing injury or property damage to others. For example if someone injures himself/herself on the property you occupy, you may be responsible for damages. If someone slips on your front steps, breaks his/her leg, and can’t go to work, you could be held responsible for the person’s lost wages – under liability insurance you are covered.

To learn more about Virani Real Estate Advisors or to discuss a property, fill in this form, visit one of our offices, or call 604-913-1000.


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One Wall Centre – Vancouver Luxury Condo Living

One Wall Centre situated at 938 Nelson Street, is an elliptical, 150 metres high tower combination of hotel and residential accommodation, located at the south edge of Vancouver’s business district.  Residential homes are on the floors 31 to 48 with only four suites per floor. 

Peter Wall designed the bold, translucent building and the architects for the project were Busby Perkins & Will. The late world renowned architect Arthur Erikson described the building as” … the most sophisticated high rise the city has seen, there is no question about it…”

The exterior curtain wall of the building provides floor-to-ceiling windows in each suite, offering residents spectacular mountain, city and ocean views while flooding the rooms with natural light. Opening windows provide natural ventilation.

Residential suites at One Wall Centre have tastefully appointed interiors featuring 9′ ceilings, a fireplace, first class high end finishings, hardwood flooring, air conditioning, sub-zero appliances, and granite countertops. 

A residents-only private entrance lobby with 24hour concierge service, distinct from the hotel lobbies, ensures that One Wall Centre feels like a personal home. Secured elevator access to each resident’s own floor provides further privacy and security. 

This building also offers a valet parking, a private chauffeur on call, a membership in the Wall Centre Garden Fitness Centre, a private jet service, a complimentary valet parking for up to 2 cars for each owner, 50% off Hotel Rack Rate for One Wall owner’s guests, 15% off food from Hotel restaurants and room services. 

A garden setting surrounds the building and features unique Volunteer Park, with large green spaces studded with a collection of spring flowering shrubs, fountains and stone and glass umbrellas.

One Wall Centre provides upscale living where residents enjoy every conceivable convenience and service, supported by a warmly attentive and well-trained staff. Ultimately the exceptional quality of life at One Wall Centre is what sets it apart from other hotel-based condominiums.

To learn more about the One Wall Centre visit out information page, One Wall Centre – 938 Nelson Street!

If you are interested in residing or investing in this prestigious building or any other building in the Downtown area, please our website or contactand we will be pleased to assist you.

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Laguna Parkside – Waterfront Luxury in the West End of Vancouver.

Laguna Parkside is a 22 storey, 76 suite concrete building located at 1925 Alberni Street in the West End area of downtown Vancouver. There is a 6 storey mid-rise Villa and 5 single-family townhomes all uniquely packaged within the development.  

Upon entering the building you are met by a grand hotel style lobby, with 24 feet ceilings and stunning crystal chandeliers. Amenities include a 24-hour concierge staff, an indoor pool, fully equipped gym, steam and sauna room and a social/billiards room. 

All units have a functional layout with impeccable detailing.  The upscale kitchen boasts top of the line stainless steel built-in Thermador appliances, granite countertops and wood cabinetry among some of its features. 

Floors have highly polished African mahogany in the rooms and marble tiles in the luxuriously appointed ensuites, all enhancing the form and functionality of the property. The Master bedroom has large closets with mirrored doors and a luxurious 5 piece ensuite. 

The location of the property is a great asset. Laguna Parkside boasts a Walkscore of 92!  Its location at the entrance to Stanley Park opposite Devonian Harbour Park right next to Lost Lagoon, makes it within easy walking distance to tennis courts by the lake, the Coal Harbour Seawall, bike trails, the Westin Bayshore and several marinas. There are lots of exotic dining and shopping options nearby.  

For more information about Laguna Parkside Tower, Townhomes and Low-rise “Mansions” visit out luxury condo information page, 1925 Alberni Street – Laguna Parkside, or 1985 Alberni Street – Laguna Parkside Mansions 

If you are interested in residing in this prestigious building or any other building in the Downtown area, please our website or contact and we will be pleased to assist you.


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BUY SMART – 8 Cool Home Buyer Tips For Today’s

So you’ve finally decided to buy your next home.  Problem is while you were making up your mind, other fence sitters jumped into the home market too.  Now you may be facing some competition for the best properties.  What to do?

Just because there are other buyers in the market doesn’t mean you can’t come away with your dream house.  But to be a successful buyer in today’s real estate market you’re going to need help.

Your first best move is to know a few inside tricks.  As experienced real estate professionals we have many more than eight ways to increase your chances of landing a prize property despite heavy competition.  The following tested tips will increase your market savvy and sharpen your competitive position.  Then you’ll be ready to act quickly the minute you see that perfect house you don’t want to get away. 

Eight Simple Secrets To Avoid Costly Mistakes Buying Your Dream Home Today

  1. Get Pre-Approved.

To be pre-approved for a mortgage loan is your fist best move.  You will go through what amounts to a mini-application process (paperwork, credit check, etc.)  prior to shopping for a house.  Pre-approval is more effective than pre-qualification, which only gives you a rough idea of the amount a lender will lend you – assuming no hang ups in the credit and income checking process.  When you are pre-approved it’s like carrying around a suitcase full of money.  In the eyes of the seller, pre-approval makes you a very desirable “cash” buyer.  That’s a real advantage over another buyer whose financing is uncertain. 

  1. Beat The Competition To New Listings

Once we know your specific price range and tastes, we can regularly do a computerized market sweep for new listings.  We’ll send you a hot list of attractive properties as they come on the market.  That way you’ll get a jump on other buyers before the new listings are advertised or help open.  Timing can be everything today. 

  1. Do Your Research.

Make yourself a “value expert” by investigating local properties to get an idea of price points, listing-to-sale-price ratios, hottest areas, and best places for a bargain.  Once you know what your money will buy, as your buyer specialists, we’ll add our up-to-the-minute knowledge of what comparable properties sell for in specific neighbourhoods and what impact specific features have on price.  Together we’ll guarantee you the best price and terms. 

  1. We Can Present Your Offer In Person

Nobody wants their offer languishing on a fax machine in the listing agent’s office while other buyers are putting offers on the seller’s kitchen table.  When the situation calls for that personal touch, you’ll gain an advantage by having us present your offer in person, plus we may pick up critical intelligence on any competing offers by being on the scene. 

  1. Prove You Mean Business.

There are few better ways to show you are serious about buying a property than by including a good faith deposit along with your offer.  A competitive deposit could be as much as 5% of your bid price to be sure it gets the seller’s attention.

  1. Don’t Lose Your Head.

Just because the market is active doesn’t mean you should be willing to pay any amount to get your dream home.  Sure you may have to offer something other than the asking price, such as paying some or all points, inspections, closing costs, or offering a settlement date that fits the seller’s timetable.  But don’t go crazy.  Remember you may have to sell this house one day, and overpaying now will make it harder to get your value back when you sell.

  1. Keep It Simple And Clean.

Make sure your headache-free contract itself isn’t messy, or overly cluttered with unnecessary contingencies, especially repairs.  Keep contingencies to a minimum.  Better yet, offer to be helpful, such as order an inspection in 48 hours or be willing to take care of any required local certificates such as smoke detectors or water safety.  Be flexible.  A buyer who will accommodate a seller’s needs is a smart buyer. 

  1. Don’t Be A Lone Wolf.

What you need most in today’s market is experiences professional guidance.  As your neighbourhood real estate specialists we can help you get pre-approved, find a prize property, and negotiate the best deal on your next home no matter how heated the competition.  Call us today.  We’ll help you be a cool customer.

Please feel free to call THE VIRANI SALES TEAM at 604.695.1000 if you would like further explanation on any of these topics, or if you have any real estate questions at all. We simply see our mission as striving to be as helpful as we possibly can to area home owners. We hope this special report provided you with the information you need.


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The Grace Residences – A Perfect Opportunity to Live in Yaletown Sophistication and Luxury.

Masterfully designed by Merrick Architecture, The Grace Residences is a luxury 27-story development located in Yaletown at 1280 Richards Street. With only 71 exclusive residences, The Grace is unlike any other building in Vancouver. 

It was built in 2008 and is the first high rise in the city to have been conceived with energy efficient geothermal heating, a technology that saves on heating costs, produces minimal greenhouse gases and has set the standard for other high end projects.

The unique architecture of the building is continued seamlessly from the original 6 story low-rise building located at 499 Drake and all the way up the 26 story tower to it’s stunning copper roof, which is clearly visible as you enter downtown Vancouver from any of the bridges. 

Distinctive residences boast stainless steel appliances, soaring ceilings, limestone floors, rich cherry cabinetry, acoustic insulation and fireplaces. There is also built in audio and data network available in all units. 

High class amenities include a 35-foot indoor/outdoor pool, swirl pool and jacuzzi, gym, outdoor kids area, sauna, a 24 hour concierge service, meeting room and luxurious finishing throughout the entire building.  There is finger print access technology and high security throughout the residence. 

Yaletown is one of Vancouver’s trendiest downtown neighborhoods. It’s home to many of the city’s hottest boutique shopping, restaurants, bars and nightclubs, a destination for many a celebrity. It also houses a number of waterfront parks, walking and cycling paths for everyone to enjoy. 

Vancouver’s famous seawall is just steps away, as are several parks and Quayside Marina which offers yacht rentals upon request. 

For more information about both Grace Residence buildings visit out building information pages for The Grace – 1280 Richards Street and The Grace – 499 Drake Street.

If you are planning to live in the Grace Residences or any other residence in Yaletown, please contact us and a Real Estate professional will get in touch with you.

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Shaw Tower – Coal Harbour’s Most Desirable Address

Shaw Tower is a 489 feet 41 storey mixed residential and office building located in vibrant Coal Harbour, downtown Vancouver. The building has been designed by renowned architect James Cheng and the shape of the tower is a virtual triangle. With its light installation by Diana Thater, it has become one the signatures of the Vancouver Skyline along with Canada Place known to the World. 

The structure features a light, silvery palette of curtainwall and metal panel with trellised canopies capping the tower’s form. The spectacular lobby showcases a 27-foot ceiling and an 18-foot water wall with split-faced basalt finish. 

The lower 16 floors of the tower are offices, while the upper 24 floors contain 130 luxurious work-live condos. All suites have 9ft ceiling with interior designs by Robert Ledingham incorporating limestone floors, granite counters, glass wall ensuites and fabulous layouts that maximize both the views and decks. 

1067 Cordova St is the building’s business address, while 1077 is the residential address. The private entrance to the residential floors features a 24-hour concierge. There is a fitness centre featuring state of the art equipment stationed by an attendant. 

Its prominent situation on Coal Harbour makes the building easily accessible to the Vancouver Convention Centre, Harbour Green Park and the extension of the famous Seawall, not to mention a myriad of fine dining restaurants and shops within easy reach.

The Shaw Tower Office has achieved LEED Canada EB:O&M Platinum certification – the highest level of certification awarded by the Canada Green Building Council.

If you are planning to live in the prestigious Shaw Tower or any other residence in Coal Harbour, please contact us and a Real Estate professional will get in touch with you. To learn more about the Shaw Tower and to see available homes visit ttp://www.virani.ca/shaw-tower/ 



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Welcome to Musee – 1690 West 8th Ave, Vancouver.

Musee located at 1690 West 8th Ave, is an 11 storey concrete high rise with 56 units. The building includes a great selection of one and two bedroom suites with fantastic city, mountain and water views all the way to Howe Sound. 

Residents can live within an easy access to downtown in a very chic and trendy part of the city. The location is within walking distance to Granville Island, coffee shops, entertainment and great shopping. 

All the suites are spacious, well laid out with lots of light, a patio and privacy. There is a/c, beautiful hardwood floors, in suite storage and laundry and top of the line stainless steel appliances in all the units. You will appreciate all the carefully thought out touches and finishing that the builder has incorporated in all the units. 

The well maintained building features a common lounge with a large patio and a fully equipped gym. Each unit has a parking spot (in some cases two). If you prefer using a bike to get around, there is lots of bike storage. Pets and rentals are ok. 

For more information about Musee, please visit our website or contact us to make an appointment. One of our real estate advisors will be pleased to assist you.

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How To Conduct a DIY Home Energy Audit

If you have a relatively newly constructed home or a new home, don’t assume that there are no opportunities to save energy. Energy saving technology has evolved rapidly over the last few years, outpacing the training commonly available to many professional builders. 

Although a professional energy audit can provide you with a more thorough assessment of your home’s energy use, a simple do-it-yourself walk through can help you pinpoint where energy is being wasted.  

First, find out how much energy is being used, by keeping a log and reading your meter each week. At the end of four weeks, add up the kilowatts used and divide the total by the number of days to get your average daily usage. Once the audit is complete and changes are made, monitor usage again.

There are 4 things you should do to conduct a d-i-y energy audit: 

1) Check for air leaks. The potential energy savings from reducing drafts in a home may range from 5% to 30% per year, and the home is generally much more comfortable afterward. 

2) Check your insulation. Heat loss through the ceiling and walls in your home could be very large if the insulation levels are less than the recommended minimum. 

3) Inspect the heating and cooling equipment. Inspect heating and cooling equipment annually, or as recommended by the manufacturer. If you have a forced-air furnace, check your filters and replace them as needed. Generally, you should change them about once every month or two, especially during periods of high usage. 

4) Check and replace your light bulbs. Energy for lighting accounts for about 10% of your electric bill. Examine the light bulbs in your house and consider replacing inefficient bulbs with a more efficient choice, such as energy-saving incandescents, compact fluorescent lamps (CFLs), or light-emitting diodes (LEDs). 

5) How efficient are your appliances? The appliances you choose and how you use them affect your energy use and costs. Examine the appliances in your home and estimate their energy use. Consider strategies for reducing the energy use of your appliances.

Why not let us find you the property or investment that you are looking for? Our experience and know how, makes us one of the most trusted realtors on the Lower Mainland. Contact us or call us on 604 913 1000.

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How A Pet Can Be A Landlord’s Best Friend!

Canadians love their pets.  There are a large number of pet owners that rent apartments, condos and houses. However, many landlords are reluctant to allow these pet owning families as tenants on their property, for fear of having the pets spoil their property. 

Here are some good reasons that you as a landlord, may want to consider tenants with pets: 

You can get more rent: Properties that allow pets can often charge more in rent than those that don’t, simply because the large pool of prospective tenants with pets have few accommodation choices. 

Better vacancy rates: Being pet friendly may mean you find tenants quicker. If long vacancy periods are common in your area, a pet-friendly approach might give you a competitive edge and secure a tenant sooner. Otherwise not allowing pets could actually cost you more. 

Higher tenant retention: Tenants who rent with pets, tend to stay longer as they are aware that their renting options are somewhat limited. 

So if you do allow pets on your property, you can protect yourself by doing the following: 

  1. Get references from previous landlords that the tenant was renting from. Specifically ask pet related questions.
  2. In the agreement, ensure that the tenant has to have the property professionally cleaned every 6 months or at the end of the lease, depending on how you feel about the pet.
  3. Increase the amount of the pet deposit to cover a thorough cleaning of your home once the tenant vacates.
  4. Put a clause into the agreement that allows an initial 3 month inspection. If the state of your property is not acceptable then the pet has to go. 

So if you are a landlord that allows pets, you can find yourself at a competitive advantage. And because pet owners often have a hard time finding a place to rent, they tend to stay put and be very loyal, making great tenants.

Virani Rentals offers a collection of homes, apartments, townhouses and penthouses for rent. We are industry leaders in the Vancouver Real Estate market therefore you have the comfort of knowing that you are getting good value for your dollar when renting from us.

Complete and submit this form or call 604-695-1000. Our Property Rental Specialist will contact you shortly.

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Moving? Take These Important Steps When You Move Into Your New Home.

We are now into the prime of the moving season – more houses are bought and sold at this time than at any other time of the year. There is a lot to do in a new home. Here are some important basic tasks that should be done as soon as you move into your new home: 

  1. Change the locks: Usually, the previous owners always hand the keys over to the realtors. Sometimes they may forget to collect the keys from their cleaning service, neighbors etc. For a peace of mind, make sure you get the locks, especially the exterior ones changed, as soon as you move in.
  2. Clean, clean, clean: You may be getting a newly painted home which looks, smells and ‘feels’ new. But it’s important that you give the whole home a ‘once over’. Drawers, cupboards, nooks and crannies need to get a thorough clean. If you cannot do it yourself, hire a service to do it and emphasize the areas you want cleaned. It’s important that you do this before you move all your possessions into the empty spaces, because the task will get harder once everything has been arranged.
  3. Learn about the circuit breakers: It’s a great idea to figure out where the circuit breaker box is and label the fuses that control various parts of the home. This will make it easier to locate fuses for problem areas in the future.
  4. Learn how to turn off the main water valve: If you ever have a plumbing emergency such as a broken water pipe in your home, you should know where to go to turn off the main water supply.
  5. Steam clean the carpets: If you have any carpets, now is the time to steam clean them before you move furniture in. The absence of furniture will make the job easier, and it gives you more of a fresh start in your new home.
  6. Get the mechanical equipment cleaned and serviced: Getting the heating and cooling systems cleaned and serviced as soon as you move in is important. Hopefully the home inspection report will give you a good idea as to the effectiveness of the systems in place. 

If you are thinking of moving into a new home or selling your existing home, you need a company that will give you results. Please call us on 604 695 1000 or contact us by email.



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