The BC Home Flipping Tax, a key component of British Columbia’s Homes For People plan, is set to impact property transactions starting January 1, 2025. This tax aims to discourage short-term property holding for profit, with significant implications for North Vancouver residents
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Spring Real Estate Market in North Vancouver: Navigating Bond Yields & Mortgage Costs
As spring approaches, the real estate landscape in North Vancouver becomes a focal point of discussions. Bond yields and their influence on mortgage costs are at the forefront of headlines, sparking concerns and questions. In this blog post, we delve into the intricacies of rising bond yields, examining their potential impact on the local real estate market.
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Real Estate Deposit Demystified: Understanding Deposit Vs. Downpayment
Embarking on the real estate journey involves mastering terms like “deposit” and “downpayment.” Discover the difference between these key concepts for informed home buying decisions in North Vancouver.
Continue reading →REBGV – New rule and form coming July 17 that is focused on enhancing transparency in multiple offer situations
The real estate boards across the Lower Mainland will implement a new multiple offer disclosure form on July 17 2023 that seller’s agents will be required to complete and communicate to buyer’s agents who participated in a multiple offer situation.
Continue reading →Assigning A Construction Mortgage
One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender with one set of products, independent mortgage professionals work with multiple lenders who offer a wide selection of mortgage financing options that provide more choice.
Continue reading →The Best Time to Sell: The Week of April 16-22
Wondering when the best time to sell is? “Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.”
Continue reading →Mortgage Options At Renewal
It’s a commonly held belief that if you’ve made your mortgage payments on time throughout the entirety of your mortgage term, that the lender is somehow obligated to renew your mortgage.
Continue reading →BCREA – Stats Release – Signs of Recovery Heading into Spring
Provincial Housing Market Showing Signs of Recovery Heading into Spring…“While activity across provincial housing markets remains well below normal,” said BCREA Chief Economist Brendon Ogmundson. “There are encouraging signs that the market is balancing out. Home sales rose month-over-month in most markets, and prices appear to be firming up in the face of low supply.”
Continue reading →Top 5 Checklist: Does Your Home Still Match Your Lifestyle?
Change is inevitable. We change things almost daily, from our wardrobe to our meal choices to the activities we to enjoy on the weekend. But how about where we live and spend most of our time? Your home was the perfect havn when you bought it. But how about now? We’ve listed our 5 key areas that are worth weighing up to check if your home is still right for you…
Continue reading →Why The Subject Property Matters
When looking to qualify for a mortgage, typically, a lender will want to review four areas of your mortgage application: income, credit, downpayment/equity and the property itself. Assuming you have a great job, excellent credit, and sufficient money in the bank to qualify for a mortgage, if the property you’re looking to purchase isn’t in good condition, if you don’t have a plan, you might get some pushback from the lender.
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