Tim Wray | RE/MAX Crest Realty, Vancouver

The RE/MAX 2019 Recreational Property Trends Survey

Posted on Jun 06, 2019 in Buying Your Home

The RE/MAX 2019 Recreational Property Trends survey conducted by Leger finds that the majority of Millennials (56 per cent) are in the market to purchase a recreational property. This is up 14 per cent from last year, when just 42 per cent of Millennials were considering buying a recreational property. In 2018, 91 per cent of recreational markets s...

Best Places to Live: Vancouver

Posted on May 02, 2019 in Buying Your Home

Located in the Lower Mainland of British Columbia, Vancouver is the most populous city in the province with more than 600,000 people. Vancouver is a coastal seaport city with some of the warmest year-round temperatures in Canada. It boasts a beautiful landscape of sea and mountains and is a popular place for outdoor and urban enthusiasts.

We know th...

What’s the Disclosure form REALTORS® ask you to sign?

Posted on Apr 17, 2019 in Buying Your Home

You’re casually talking about the housing market with a REALTOR® you’re interested in working with, when the conversation shifts to your personal financial situation.

The Realtor stops the conversation and politely asks you to sign a form called “Disclosure of Representation in Trading Services” (DORTS) before they can continue.

This may seem a littl...

Is this the year you become a homeowner?

Posted on Jan 11, 2019 in Buying Your Home

Is buying a home one of your resolutions?

The process can be lengthy and intensive, but it doesn’t have to be daunting. By breaking up the process into 12 small steps, you could become a homeowner this year.

Check your credit score

Request a copy of your credit report from TransUnion, Equifax and Experian. Comb through each report and work to resolve...

Lowball Offer Basics: 5 Things To Know

Posted on Dec 14, 2018 in Buying Your Home

There are many scenarios where a lowball offer on a home can be a great buying strategy. You might find yourself in a buyer’s market, or face-to-face with a fixer-upper in need of some serious TLC, or dealing with a very motivated seller – all potential opportunities to get a home for less than asking price.

RE/MAX Canada polled its Facebook followe...

Is Home Ownership In Your Future Plan?

Posted on Nov 29, 2018 in Buying Your Home

Step one to successful home ownership is being informed. And as they say, knowledge is power. However, according to a recent RE/MAX survey, half of 18- to 24-year-olds in B.C. and Ontario agree that they have limited knowledge of the housing market.

DID YOU KNOW? Generation Z will outnumber Millennials within a year, and will make up the largest coh...

RE/MAX 2018 Recreational Property Report

Posted on Jul 26, 2018 in Buying Your Home

As Canada’s residential market recovers, recreational property experiences a surge

Canada’s increasingly aging population has retirees driving and inflating the recreational market in popular leisure locations

Recreational properties are experiencing a surge in pricing with 78 per cent of regions surveyed showing growth

A RE/MAX survey showed that ret...

How Much Will it Cost to Buy a Home?

Posted on Apr 10, 2018 in Buying Your Home

Tim ray, RE/MAX - Costs of Buying a Home

Buying a home is a big investment – likely the largest one you will ever make. The cost to buy a home should be carefully considered to avoid the risk of financial difficulty in the future.

Since this decision has a large impact on your wallet, we want to take some time to explore the many costs associated with buying a home. Doing your homework and...

Real Estate 101: Mortgage Information & Glossary

Posted on Jun 01, 2017 in Buying Your Home

Basic Definitions

Mortgage

A long-term loan primarily for the purpose of buying a home. A mortgage is a legal agreement in which the borrower pledges the property being purchased as security for the loan.

Principal

The amount of the loan - the cash you actually borrow.

Term

The number of months or years the mortgage covers. Normally, it will be anywhere...

Canadian Government Change to Minimum Down Payment on Insured Mortgages

Posted on Dec 11, 2015 in Buying Your Home

Policy Change

The Canadian government announced today that it is increasing the minimum down payment on insured mortgages from 5 per cent to a two tiered system under which the minimum down payment on houses priced above $500,000 will remain at 5 per cent, but there will be an additional 10 per cent required on the portion of the house price above...

Depreciation reports now required for most stratas

Posted on Jan 28, 2014 in Buying Your Home

Strata corporations with five or more units must now provide the most recent depreciation report as part of the new Information Certificate (Form B).

Strata corporations of four or fewer strata lots are not required to provide a depreciation report. A strata corporation can exempt itself from the obligation to obtain a depreciation report by passing...

Making Your Kitchen More Attractive to Buyers

Posted on Nov 12, 2013 in Buying Your Home

What's one of the most important rooms in your home?

When it comes to selling your property quickly, and for the best price, the answer is clearly the kitchen. In fact, one of the most common explanations a particular buyer gives for not making an offer is, "I liked the house, but I wasn't too keen on the kitchen."

That doesn't mean you must do a maj...

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