1st Time Home Buyer Incentive Programs in Lower Mainland
Posted on Jan 17, 2025
Buying your first home in Vancouver is an exciting milestone, but it can also feel financially overwhelming. Fortunately, British Columbia offers several programs and credits specifically designed to help first-time home buyers.
1. Home Buyers’ Plan (HBP)
The Home Buyers’ Plan allows first-time home buyers in Vancouver to pull from their RRSP savings...Deposit vs. Down Payment: Key Differences in the Vancouver Real Estate Market
Posted on Jan 16, 2025
When navigating the Vancouver real estate market, two important terms you’ll encounter are deposit and down payment. While both involve money and play a crucial role in the home-buying process, they serve distinct purposes. Understanding the difference can help you better prepare for your property purchase in Vancouver.
The Deposit
The deposit is the...What is Condo Insurance in Vancouver?
Posted on Jan 16, 2025
Condo insurance is essential for owners in condos or townhouse buildings in Vancouver, where each unit owner owns their individual unit (strata lot), and shared areas are categorized as common or limited common property.
Two Types of Condo Insurance in Vancouver:
- Strata’s Condo Insurance: Covers the building structure, common areas (e.g., hallways, r...
Cost of Selling a Home in Vancouver
Posted on Jan 16, 2025
If you're considering selling your home in Vancouver or the Lower Mainland, understanding the costs involved is crucial to estimating your take-home profit. Here's a breakdown of key expenses to expect when selling your property in the Lower Mainland:
Home Preparation and Pre Listing To-Dos
First impressions matter in Vancouver’s competitive real est...Understanding Court-Ordered Foreclosures Sales in Vancouver
Posted on Jan 14, 2025
I wanted to share some insights about court-ordered sales, as I’ve been getting questions from buyers in Vancouver and the surrounding areas. These sales occur when a homeowner defaults on their mortgage, and the lender forces a sale through the courts to recover funds.Court-ordered sales come with significantly higher risks and take longer than a...
Home Inspections: When Buying A Home In Vancouver
Posted on Jan 14, 2025
When purchasing a home in Vancouver or the Lower Mainland, a thorough home inspection is essential. Inspections help you understand how to maintain the home, evaluate the quality of renovations, and identify upcoming repairs to avoid any surprises. Here’s a quick overview of common maintenance and repair areas to watch for:
Interior
- Inspect fireplace...