Should I Build Or Should I Buy A Home?

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If you are in the market for a new home, you may have considered building from scratch instead of buying a resale home. While the decision isn’t always simple or obvious, each option has its pros and cons. Building a new home – advantages Control over details You can personalize the details of your home […]

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Here Are Some Great Ideas On Buying A Home, For First Time Home Buyers

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Owning a home is a dream and a goal for most of us. But today’s first time homebuyers face numerous challenges in the form of higher prices and government regulation, which makes this dream more difficult and out of reach for some. So as a potential first time homebuyer, you have to change the way […]

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Fixed Rate Mortgages Are Now More Sought After Than Variable Rate Mortgages

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According to most mortgage brokers today, fixed rate mortgages are outnumbering variable rate mortgages. Until a few years ago, variable rate mortgages were the savvy homeowner’s go to choice, where the homeowner typically paid a lower interest rate for a variable rate compared with a fixed rate, and the borrowing costs would adjust when the […]

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2019 Water Restrictions Back In Effect For Metro Vancouver

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Yes. It’s that time of the year again. Metro Vancouver’s 2019 annual lawn watering regulations came into effect recently. In case we get a long, hot and dry summer, these restrictions will ensure that our drinking water supply will be adequate to see us through this period. We are currently in Stage One of Metro’s […]

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REBGV Market Update For March 2019 – Potential Homebuyers Sidelined For The Short-Term.

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The highlight of the March 2019 market report released by the Real Estate Board of Greater Vancouver (REBGV), showed that prospective buyers remain on the sidelines in March. “Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced,” Ashley Smith, REBGV president said. […]

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The 2019 Federal Budget – Making Home Ownership More Possible.

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The 2019 Budget that the Liberal government has recently put forth allows more middle income Canadians fulfill their homeownership dream, by helping them lower their mortgage costs. Specifically, it is implementing 3 measures: CMHC First-Time Home Buyer Incentive Eligible buyers will be offered a 10-per-cent, shared equity mortgage for a new home or five per […]

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REBGV Market Update February 2019 – Increased Supply From Home Sellers And Below Average Demand From Home Buyers

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The Real Estate Board of Greater Vancouver (REBGV) released its February 2019 housing report, and it clearly showed that homebuyers appear to be the ones with power in the current market. Phil Moore, the President of the REBGV said “For much of the past four years, we’ve been in a sellers’ market. Conditions have shifted […]

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Luxury Home Sales And Prices Have Plummeted. Is It Time To Buy?

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The Foreign buyers tax, Mortgage stress test and incremental mortgage hikes have severely impacted the Vancouver real estate market in the past 2 years. The luxury home market has been hit the hardest:  In 2017 there were 4,282 homes that sold over $1 million – in 2018 only 3,151 units were sold – a drop […]

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Why Is Title Insurance So Important?

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When you purchase a home, the title of the property passes on to you the new homeowner.  Your property’s title provides the legal proof that you are the rightful owner. So when you purchase title insurance, you are protected against a number of risks and challenges that are related to the title of your home. […]

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Here Are Some Important Facts To Know About The Principal Residence Exemption When You Sell Your Home.

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  If you sell your home and it is designated as your principal residence, then you have the ability to claim the principal residence exemption (PRE) on the sale. The PRE is probably one of the most valuable tax breaks available to Canadian homeowners, as it provides them with an exemption from tax on the […]

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BC Government Launches New Condo Registry To Prevent Condo Flippers From Evading Taxes.

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Keeping in line with one of its election pledges to create transparency and prevent tax evasion in BC’s real estate industry, the BC government recently launched the “Condo and Strata Assignment Integrity Registrar”, which will scrutinize condo sales more closely. Beginning January 1, 2019, developers who sell strata lots in development properties are required to: […]

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REBGV Market Update For October 2018 – Buyers Have More Selection and Sellers Face Stiffer Competition

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The underlying theme of the October 2018 market report released by the Real Estate Board of Greater Vancouver (REBGV), was that home sales remained below long-term historical averages “The supply of homes for sale today is beginning to return to levels that we haven’t seen in our market in about four years,” Phil Moore, REBGV […]

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