Deposit Loans Now Available for First-Time Buyers in B.C.

As part of the HOME Partnership program, first-time buyers who have saved towards a down payment can apply to the program for a loan of up to 5% of a home’s purchase price, or a maximum of $37,500. [read more]

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Buying or selling a home? What you should know from CRA

If you bought your home in 2016 or plan to buy a home, the Canada Revenue Agency (CRA) has information that may help you. [read more]

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10 steps before buying or selling an assignment contract

People buy and sell real estate in BC with a document called the Contract of Purchase and Sale. It describes the rights and obligations of the buyer and seller. A contracting party can sell those rights to someone else unless the contract states otherwise. This type of transaction is known as an assignment agreement. [read more]

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Costs to consider when buying a home in B.C.

If you’ve decided to buy a home, it’s important you understand all the costs involved in addition to the price you're paying for the property. Here’s an overview. [read more]

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Investor Alert: North Shore rental vacancy rates among lowest in region

When it comes to looking for an apartment, you couldn’t do much worse than the North Shore, according to the Canada Mortgage and Housing Corporation. The District of North Vancouver, the District of West Vancouver and City of North Vancouver ranked second, third and fourth respectively for the lowest vacancy rates in the region, according to the housing authority’s 2016 survey. [read more]

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BC Introduces Innovative New Program to Help First-Time Homebuyers

In a move to help BC citizens and residents buy their first home, the BC government announced today that it is launching a new program to augment down payments for first-time buyers. Bottom Line: This is a bold and innovative step to help potential new buyers to meet the greatest hurdle of first-time homeownership—the down payment. [read more]

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Pre Sale Development: Ravenswood Detached Homes Squamish

A whistling wind among the evergreens, the pitter-patter of raindrops on rooftops, late-night laughs around the campfire, that Squamish life is calling. Find it at Ravenswood, a community of three and four bedroom single-family homes with warm west coast style and room to grow. [read more]

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Home Inspection 101: What Is It And How Much Does It Cost?

It is a classic example of never judging a book by its cover, and can be easily solved with a home inspection. When buyers put in an offer, there is the option to insert a home inspection clause. When you hire a professional home inspector, you can save yourself time, stress, and avoid potential financial risk by proactively identifying any issues within the inner workings of the home. [read more]

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Vancouver presales figures breaking records

Almost all of the presale units in projects under construction downtown are spoken for and sales so far this year have broken records, according to developers. Industry watchers say it’s too soon to tell when or how a slowdown in the resale market will catch up with presales. [read more]

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Calculating All the Costs of Buying a New Condo

When you’re purchasing a brand new condo, it’s important to know that there are additional costs to consider in addition to the price of the home. [read more]

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Q&A On New Property Transfer Tax Rules

Good morning everyone. We have received dozens of questions to our recent email regarding the latest changes to Property Transfer Tax. Some were good, some were not. I have paraphrased the major questions below, along with my response. If you do not see your exact question with an answer below there should be one like it, along with an answer. [read more]

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Recent Study: Land Values Dictate Future Condo Prices

A study released this month to the Urban Development Institute, Pacific Region, showed that 87 per cent of the 21,600 new condominiums being marketed for delivery in Metro Vancouver by 2018 have already been sold. The key reason: buyers understand that today’s prices could look like a bargain three years from now, largely because of the accelerating value of Metro Vancouver land. [read more]

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The Residences at Lynn Valley | North Vancouver Pre Sale Apartment Development

Bosa Developments, one of British Columbia's most respected developers, is excited to introduce The Residences at Lynn Valley, a multi phase pre sale apartment home development coming this November to Lynn Valley in North Vancouver. [read more]

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Maplewood Place | A North Vancouver Presale Townhome Development

Anthem Properties is proud to announce the start of sales for Maplewood Place, a collection of 61 townhomes in the Maplewood / Dollarton area of North Vancouver. Designed for growing families, these roomy family townhomes have large outdoor spaces and are at the heart of a neighbourhood that’s within a walk or bike ride of everything you love to do. [read more]

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Seymour Village | A North Vancouver Townhome Presale Development

Aquilini Developments & Construction in partnership with Takaya Developments are proud to announce the launch of Seymour Village, a presale townhome community in the Ravenwoods area of North Vancouver. With only a small collection of 49 townhomes available for sale starting this October 2015, this unique offering of townhomes is positioned to sell quickly. [read more]

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$900 a Month for 20 Years…

Let's say you go out and buy a single property TODAY for $300,000 (call it a suited house) and based on your conservative numbers, this property does nothing more than break even every month (and we're buying in a stable, well-performing market based on the fundamentals). No cash flow - just break even. [read more]

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Bank of Mom and Dad Enabling Lofty Vancouver Home Buying Goals: REW.ca Survey

“This held true across all age demographics. Three-quarters of under-30s respondents anticipate help from the Bank of Mom and Dad to form a down payment, while even 64 per cent of upsizers in the 41-50 age bracket expect some financial help from family as well.” [read more]

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Feature Video: The Future of Lynn Creek Town Centre

Lynn Creek Town Centre will be a transit-oriented, mixed use community offering a wide-range of housing options for people at all stages of life, in a unique location near employment and retail opportunities, natural amenities, and Phibbs Transit Exchange. [read more]

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CMHC to Allow 100% of Suite Income in Mortgage Qualification

The market for houses with basement apartments may get a little hotter. CMHC has announced it will allow 100% of the rental income from legal secondary suites to be used when qualifying for a mortgage. Currently it allows 50%. [read more]

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Eternal truth of personal finance #4: Don’t be a renter

No matter the business cycle or the trends, there are some things that never change when it comes to saving, building and managing money. Long-time Financial Post columnist Jonathan Chevreau presents the fourth instalment of the seven eternal truths of personal finance. [read more]

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Vancouver Sun: North Shore residents find right fit at Mill House Lynn Valley

For Ken and Shirley McKeen, who have lived in the same three-bedroom home in North Vancouver for 46 years, downsizing to a Mill House condominium offered the best of all … [read more]

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Single ladies drive Canada’s condo market

The one-person household is the fastest-growing category in Canada’s housing market as the population ages and more people opt to live alone. One-person “households are expected to show the fastest pace of growth to 2036, making it the single biggest type of household by the 2020s,” according to Canada Mortgage and Housing Corp. statistics for 2013. [read more]

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Protecting Your Investment: Strata Depreciation Reports

A depreciation report is an important tool that helps protect a home’s value, and is now required for most strata corporations. The report, or “reserve fund study,” helps stratas plan … [read more]

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Five North Vancouver Homes Under $350,000

409 – 345 LONSDALE AVE LOWER LONSDALE, NORTH VANCOUVER $329,000 View listing: http://chrisbrownrealestate.ca/showlisting/58156/409-345-LONSDALE-Ave-Lower-Lonsdale-North-Vancouver-Real-Estate-Chris-Brown/ 308 – 1111 LYNN VALLEY ROAD LYNN VALLEY, NORTH VANCOUVER $332,900 View listing: http://chrisbrownrealestate.ca/showlisting/54343/308-1111-LYNN-VALLEY-Road-Lynn-Valley-North-Vancouver-Real-Estate-Chris-Brown/ 201 – 150 22ND STREET … [read more]

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How to Buy a Home Before It’s Built: Pre Sale Tips

Thinking of buying a pre-sale condo? You might be tempted by the tantalizing array of pre-sale development units available in the Lower Mainland, some with attractive incentives. Here’s how it … [read more]

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