Buying Your Home

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...

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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...

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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...

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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...

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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...

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Depreciation reports now required for most stratas

Posted on Jan 28, 2014 in Buying Your Home

Strata Properties VancouverStrata 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...

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