When Variable Rates Are Higher Than 5 Year Fixed Rates; Expect Interest Rate Drop
Posted on Oct 26, 2023 in Real Estate
I thought you would appreciate this email that was sent to me by one of my mortgage brokers. If you are looking to buy or refinance, the following should give you insights to bank expectations on rates. I have already posted (last month blog) about how rates are expected to drop over the next two years by up to 3%. Banks want you to lock in on the...
Hallowe'en Events In The City of North Vancouver 2024
Posted on Oct 25, 2023 in Local Entertainment and Things To Do
Halloween in the City
October 24, 2022
Join in local events, and have a fun and safe Halloween! Learn more about safety at cnv.org/Halloween.
Great Grand Boulevard Pumpkin Walk
No tricks, just treats here! Join us at the Great Grand Boulevard Pumpkin Walk on Saturday, October 29 between 4 and 7pm. Put on your costume and sip some free hot cocoa while y...Upper Lonsdale (City of North Van): Is This a Sign Of Things To Come?
Posted on Oct 24, 2023 in Hot Topics
I was just driving the area as I do every couple of days to keep a close eye on any changes in the community, and I came across a sign that shows a local building applying to rezone 245 West 27th Street.
The property is a 50' wide lot and the rezoning application indicates the new owners are trying to zone the property where they could build two hou...
Can You Buy With a 5% Down Payment in British Columba, Canada?
Posted on Oct 23, 2023 in Real Estate
This information was pulled direction from CMHC's website (click here or above photo to view)...
What are the general requirements to qualify for homeowner mortgage loan insurance?
Find out which requirements you must meet to qualify for CMHC's Homeowner Mortgage Loan Insurance.- Th
e home is located in Canada.
The purchase is not subject to any prohibit...
Home Purchase Cost Outline
Posted on Oct 23, 2023 in Real Estate
When buying a new home there are costs you need to consider.
DEPOSIT
You will need an initial deposit to secure your property. This is usually between 5% and 10%. There are always exceptions where it could be higher or lower.
DOWN PAYMENT
Tax rates
There are three rates to consider when calculating your total property transfer tax a...Renovated Condo Buyers: Be Sure To Get Full Indemnity Agreement
Posted on Oct 17, 2023 in Real Estate
When considering to buy a condo that is fully renovated, you will want to ensure all the improvements (renovations) are done with required permits and authorization.
Be sure to include proof of such by including a subject clause that requires proof.
This proof should come by way of an indemnity agreement. Any indemnity agreement will identify the wor...