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...
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...
Video Shows Lower Mainland Market Rebound Fall 2023
Posted on Oct 17, 2023 in Real Estate
The month-over-month price gains seen earlier this year abated in the Metro Vancouver housing market in September due to a seasonal decline in sales and a modest increase in inventory levels across the region.
With more selection and decreased buyer demand due to many factors including increased interest rates, buyers are being slightly more patien...
East Van Penthouse Open House Saturday, October 7th 2-4 PM 403-2508 Fraser Street
Posted on Oct 07, 2023 in Real Estate
We are finally getting in for our first open house and looking forward to showing off this lovely penthouse with a very exciting view.
Todays a perfect day to come see how gorgeous the North Shore mountain views are. Come take a look.
Come take a closer look today between 2-4 PM.