How Long Does it Take to Find a New Home?
Posted on Oct 24, 2013 in Buying Your Home
Of course, the process varies from person to person. According to the Department of Housing & Urban Development, home buyers view an aver...
New Family Law Act – major changes to division of property and debt
Posted on May 03, 2013 in Buying Your Home
The new Family Law Act came into force on March 18, 2013, replacing the outdated Family Relations Act (1979). The legislation was developed after consultation with more than 500 organizations, community groups, the legal community and other stakeholders. It aims to meet the changing needs of families, including common-law families, which are growin...What is a 2-5-10 Year Home Warranty?
Posted on Feb 25, 2013 in Buying Your Home
Home warranty insurance can only be provided by insurance companies approved by the provincial Financial Institutions Commission.
A new home...
Minimum coverage and allowable exclusions for third-party home warranty insurance are set by legislation. As a minimum, homes built by Licensed Residential Builders must have 2-5-10 year home warranty insurance.
A new home...How to Stop Spending Money on Rent and Own a Home Instead
Posted on Dec 20, 2012 in Buying Your Home
If you’ve always rented a place to live, buying a home can seem like a monumental undertaking. This report breaks down this home buying process into clear steps. Seven Steps to Transition from Renter to Homeowner
Step One: Identify Your Needs and Wants
Begin your search by considering the kind of home you need and want. Write down your specific requi...
Is your neighbourhood in a "Buyers Market", "Balanced Market" or "Sellers Market"?
Posted on Oct 17, 2012 in Buying Your Home
SnapStats™ is a unique, simple, single-page summary of the preceding months sales activities by price band, style of home and individual neighbourhoods. The Report also includes a 12 month trend tracker for sales activity and active listings complemented with valuable monthly Sales Ratio % calculations (sales to active listings ratio) for all of th...
BC Property Transfer Tax - A Reminder
Posted on Sep 27, 2011 in Buying Your Home
One of the larger financial considerations if you are a BUYER is to plan for the BC Property Transfer Tax.
In summary, the property transfer tax rate is calculated as follows:
1% on the first $200,000,
2% on the por...