FOREIGN HOME BUYERS BAN
Posted on Jan 11, 2023 in Buying tips
BIG CHANGES IN 2023!
Not only did we see the rescission changes roll out but recently, the federal government released the full details of the Prohibition on the Purchase of Residential Property by Non-Canadians Act (commonly referred to as the foreign homebuyers ban).
The following is an overview of the regulations as they relate to this ban.
What Do...
Not only did we see the rescission changes roll out but recently, the federal government released the full details of the Prohibition on the Purchase of Residential Property by Non-Canadians Act (commonly referred to as the foreign homebuyers ban).
The following is an overview of the regulations as they relate to this ban.
What Do...
Home Buyer's Cheat Sheet Part 2
Posted on Jan 09, 2023 in Buying tips
Welcome to Part two of our Home buyer's Cheat Sheet: Checking out Government Programs and Preparing to Meet with your Mortgage Broker
Some Government Home Buyer Incentives
For those of you who have money saved up in their RRSP for retirement, consider taking advantage of the
For those of you who have money saved up in their RRSP for retirement, consider taking advantage of the
RRSP HOME BUYERS’ PLAN.
Put simply, the Canadian Government allows Canadians t...
Put simply, the Canadian Government allows Canadians t...
Changes to Strata Rules How This Effects You
Posted on Jan 09, 2023 in Strata Properties
On November 24, 2022, the BC Government passed amendments to the Strata Property Act which take immediate effect. There are two significant changes impacting owners and buyers of Strata properties.
All rental restriction bylaws are removed, except for bylaws restricting short-term rentals such as Airbnb or Vrbo, and
all age restriction bylaws are re...
All rental restriction bylaws are removed, except for bylaws restricting short-term rentals such as Airbnb or Vrbo, and
all age restriction bylaws are re...
First Time Home Buyers Cheat Sheet Part 1
Posted on Jan 05, 2023 in Buying tips
THE DOWN PAYMENT:
Start here: Figure out what you need and set a goal!
The amount you need for a down payment depends on the home, but it ranges from 5% – 20% of the purchase price.
(FYI at the time of writing a quick search in Oliver shows 8 single family homes under $500,000, 1 Townhouse, 5 apartments and 9 mobile homes all under $500,000)
Many peopl...
The amount you need for a down payment depends on the home, but it ranges from 5% – 20% of the purchase price.
(FYI at the time of writing a quick search in Oliver shows 8 single family homes under $500,000, 1 Townhouse, 5 apartments and 9 mobile homes all under $500,000)
Many peopl...
