Vancouver 2024: Where to Invest
Posted on Aug 20, 2024
In Vancouver’s constantly shifting real estate market, pinpointing the best neighbourhoods for investment is essential for buyers looking to make smart choices. Factors like affordability, access to amenities, infrastructure, and potential for growth all play a crucial role in these decisions. Let’s explore and dive into the data that showcases the...
Adapting to the Updated Residential Tenancy Act: What Buyers and Sellers Need to Know
Posted on Aug 12, 2024
On July 3, 2024, the Provincial Government unveiled significant updates to the Residential Tenancy Act, which will be enforced starting July 18, 2024. These updates are aimed at enhancing the protection of residential tenants against unjust evictions, and they will have a notable impact on both buyers and sellers of properties with existing tenants...
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...
