Buying

Nov. 16, 2019

Vancouver Laneway House Definition, Benefits & Building Guidelines

What is a Laneway House in Vancouver, BC?

Laneway house building guideIn Vancouver, a laneway house is a small detached house in the back yard of a primary residential house. Typically they are built where the garage would normally appear. In Vancouver, they cannot be strata titled and sold separately.  Some lots ...

View More
Oct. 27, 2019

Gift from Our Clients!

Gift from ClientsWe just sold our client’s River District Southeast Vancouver 1 bedroom condo and helped them buy a new 2 bedroom home in South Marine, Vancouver BC.

We met them to give them a gift to thank them for their real estate service, and they surprised us with this wonderful gift ...

View More
Posted in Buying , Selling
July 2, 2019

First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage costs. Some qualifications for this incentive are:

  1. You need to have the minimum down payment to be eligible
  2. Your maximum qualifying income is no more than $120,000
  3. Your total borrowing is limited to 4 times the ...
View More
March 4, 2019

Helping Your Children Buy their First Home with the Family Equity Plan

Many parents are helping their children buy their first home by providing money for their mortgage downpayment. If you are also thinking of helping your kids with their home purchase, you may want to consider the Family Equity Plan instead of gifting your cash directly to your children.

You can ...

View More
Aug. 27, 2018

Change of Address Checklist

Change of Address Checklist for MovingWell, you've found your perfect home and now you're getting ready to move. But have you contacted everyone to update them with your new address? Not a problem! We've created a handy change of address checklist so you won't miss anyone. View our free change of ...

View More
Posted in Buying , Popular
June 2, 2018

Beware of Over-Downsizing or Over-Upsizing when Buying a Home

Tips to upsize or downsize into a new home

Buying a new pair of shoes is relatively easy. Once you find the style you like, all you need to do is try them on and see if they fit. If they do, you go to the cash register and pay.

When it comes to size, buying a new home ...

View More
Posted in Buying
April 11, 2018

7 Things to Avoid During the Mortgage Application Process

BC Mortgage Application Tips

Seven things mortgage brokers advise that you should avoid during the mortgage application process:

1. Don’t change jobs, or quit your job. Brokers cannot utilize your income if it’s probationary.

2. Don’t buy a car, truck or van with a payment plan before a home. 

3. Don’t use credit ...

View More
Feb. 20, 2018

Major Changes to BC Real Estate Taxes

 

BC Property Transfer Tax & Foreign Buyer Tax Increase

There were significant changes with the BC Budget today affecting real estate. The Property Transfer Tax will be increased to 5% on the purchase price above $3,000,000 effective tomorrow, February 21, 2018, and the Foreign Buyer Tax has been increased from 15% to 20% as of tomorrow ...

View More
Posted in Buying , News
Oct. 23, 2017

New Mortgage Rules Hurt Buyers

Starting January 2018, the existing mortgage "stress test" will apply to all buyers (not just the ones with less than 20% down payment). Which means borrowers will qualify for approximately 20% less money.

For example, if you qualify for $400,000 today, in January, you will only be able to borrow ...

View More
Posted in Buying , Mortgage, News
Oct. 11, 2017

More Happy Clients - Bought a Fantastic Townhouse in Langley, BC

We just had the pleasure of helping Arvand Saffari and Chloe buy a fabulous townhouse in Langley, BC. This is what they said about their experience working with us:

"As first-time homebuyers, my wife and I had a lot of questions and uncertainty with the process. Lori and Alan were very patient ...

View More
Posted in Buying , News