Everything you need to know about the New First-Time Home Buyer Incentive

The new federal First-Time Home Buyer Incentive (FTHBI) will officially come into effect as of September 2 this year.

Designed to alleviate mortgage costs for first-time home buyers, the FTHBI will provide shared equity loans of 5% toward the down payment of a resale home, and 5% or 10% for newly-built homes.

The idea is that by boosting the size of buyers’ down payments, the FTHBI whittles down
monthly mortgage costs, offering some relief on the costs of home ownership. Continue reading

Renting vs. Buying

It used to be that young couples would get married, buy a home and live there for the next 40 or 50 years. But times have changed. Home prices have skyrocketed in the past decade, making home ownership very difficult for some young people just starting out. It has also made some older homeowners more inclined to sell their now pricey homes and jump back into the world of rentals again, freeing up equity that they can use during their retirement years. Renting has become a much more affordable option for many – but just as there are downfalls Continue reading

Just Listed 214 930 East 7th Ave, Vancouver

Great location! Walking distance to Emily Carr, VCC, Skytrain/ Transit and just minutes to Downtown. Take advantage of all the awesome restaurants, coffee shops and breweries as this home is situated between Main St and Commercial Drive. Solid wood frame building with many updates and a proactive strata. Updates include; New elevator, New Parking membrane, New pipes and newer roof (2012). Functional floor plan with Continue reading

The Do’s and Don’ts of House Hunting

Homebuyers can get away with a lot of things these days; lowball offers, closing cost credits, tax credits. But just because the market is leaning in favour of Buyers, doesn’t mean you should waltz into every open house and demand things. (Even though you might get them if the seller is motivated enough.)

Restrain yourself and stick to these rules of open house etiquette to ensure a pleasant house hunting experience.

Continue reading