Contract of Purchase and Sale - Buying A Home In BC
Posted on Jan 22, 2025
The Contract of Purchase and Sale (CPS) is a critical document in any real estate transaction in BC, detailing the terms of a buyer's offer to a seller. Here’s a quick overview of its key components
Key Elements of the CPS
- Purchase Price: The buyer’s offer amount, which may be countered until both parties agree.
- Deposit: A “good faith” payment, usuall...
Vancouver Empty Homes Tax: What You Need to Know
Posted on Jan 22, 2025
The Empty Homes Tax (Vacancy Tax) targets vacant or unoccupied homes in Vancouver to address housing shortages. Here’s what you need to know:
What is the Empty Homes Tax?
The Empty Homes Tax applies to residential properties in Vancouver left vacant for over 6 months in a calendar year. Homes not used as a principal residence or rented out long-term...Market Value vs Listing Price: What’s the Difference? | Vancouver Realtor Insights
Posted on Jan 22, 2025
In Vancouver’s competitive real estate market, it's important to understand that listing price and market value are not the same thing.The listing price is what the seller wants for their property, but the market value is what the property is likely to sell for, based on comparable sales in the area. As a Vancouver realtor, I always tell my clients...
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.