Exploring BC’s Home Flipping Tax and Its Effects on the Housing Market
Posted on Jul 18, 2024
British Columbia has introduced the BC Home Flipping Tax, a significant measure aimed at addressing rapid turnover in the residential property market. This new tax applies a 20% levy on profits from the sale of a home within one year of purchase, with the rate decreasing for sales made within two years. This tax complements existing federal and pro...
Vancouver Real Estate - Understanding Your Mortgage Options
Posted on Jul 01, 2024
In Vancouver’s dynamic real estate market, securing a mortgage is a crucial step toward homeownership. A mortgage is more than just a loan; it’s a secured agreement that enables you to finance your home purchase with a lender's assistance. This legal contract outlines loan specifics and grants the lender the right to claim your property if you defa...
The Biggest Mistakes Buyers Are Making Today
Posted on Jun 26, 2024
Buying a home is never a walk in the park, and today's market presents its own unique set of challenges. With mortgage rates climbing, prices rising, and a limited number of homes available, there's a lot on a buyer's plate.
But don't fret! One way to navigate this tricky terrain is by teaming up with a seasoned real estate agent. Their expertise c...
Pre-Approved VS Pre-Qualified
Posted on Jun 06, 2024
Pre-Approval vs. Pre-Qualified: What’s the Difference?
While both pre-approval and pre-qualification are steps in the mortgage process, they are not the same. Understanding the distinction is important, especially as you get closer to purchasing a home.
What is Pre-Qualification?
What is Pre-Qualification?
Mortgage pre-qualification is the initial step in determining how much...
A Guide to Weather Proofing Your Home
Posted on May 30, 2024
Weatherproofing your house is an important way to keep your home safe and protected for years to come. It also helps reduce utility costs and extends the lifespan of your windows and doors.Many people think they only need to weatherproof their house for winter. However, it’s crucial to ensure your home is ready to withstand all seasons, including s...
How to Secure a Mortgage When You're Self-Employed
Posted on Apr 26, 2024
Navigating the mortgage landscape can be challenging, especially for those who are self-employed. Unlike traditional salaried employees, self-employed individuals face unique hurdles when it comes to proving their income and creditworthiness to lenders. However, with the right approach and documentation, securing a mortgage as a self-employed borro...
