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Great tips and advice for people searching for BC homes for sale. Learn about financing, house hunting, purchasing process and enjoying the journey to owning your dream home right here in British Columbia.

Found 35 entries about Information for Buyers.

Do you ever dream of moving to a completely different province in Canada?

While I would certainly miss the great “PNW” as we affectionally call it (the beautiful mountains, ocean, rivers, temperate weather year-round, endless outdoor activities, and collection of a diverse group of cultures) the real estate markets in other parts of Canada have a lot to offer for $500,000!

Recently CTV News compiled a showcase of homes across a number of suburban cities in Canada to compare. Check out the link for pictures or the below table for a quick comparison.

Suburb

Closest City

Price

Style

Beds

Baths

Square Feet

Paradise, NL

St. John’s (2km)

$514,900

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“Attached home sales thrive as overall inventory remains scarce.”

Each month the Fraser Valley Real Estate Board releases real estate statistics for communities throughout the Fraser Valley including North Delta, North Surrey, Surrey, Cloverdale, South Surrey & White Rock, Langley, Abbotsford, and Mission.

There is a lot of data to look at including benchmark prices, number of sales, number of new listings, average price, and more. You can look at these numbers overall for the Fraser Valley or on a detailed level by city or property type (detached, townhouse, apartment).

If you aren’t familiar with how to interpret numbers or tend to shy away from data, you can still find great value in the summary page of these reports. 

Here are the main

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“First-time Home Buyer? Empower yourself. Buy Smart.”

On March 1, 2017 the Greater Vancouver Home Builders’ Association (GVHBA) will be hosting its 23rd Homebuyer Forum at the SFU Harbour Centre, 515 West Hastings St. in Vancouver. In a time where real estate demand in Vancouver and the Lower Mainland outpaces supply having market intelligence before you offer on a home can enable better decisions about the home buying process. So why not check out this free event?

The mantra of GVHBA is “Prepare before your purchase.” As part of that mantra they organize this annual event to provide home buyers like you with:

  • Industry Seminars With Experts
  • Panel Discussions
  • Information Not Commonly Found Online
  • Enriched Knowledge About the Home
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With today marking the first day of winter you may be wondering, “Is winter a good time to buy a home in BC?”

Yes, spring and summer are typically the popular months for most people to buy and sell real estate but there are definitely some benefits of home buying during winter.  Here are 8 reasons to buy a home in the winter that you may want to consider.

1. Fewer Buyers to Compete with in Winter

Most people start to look to buy a house in spring and summer as the weather gets nicer and the school year wraps up. If you start a little early and start looking to buy a home in winter you will have fewer buyers to compete with. This may mean you can avoid a bidding war or find a seller who is willing to go down in price to get their property sold

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New B.C. Home Owner Mortgage and Equity Partnership Program

Today while in Surrey, BC, our Premier Christy Clark announced that the provincial government will be matching the down payment of first-time home buyers with five-year interest-free, payment-free loans.

Here are the details that we know so far in order to qualify:

  • Be a Canadian Citizen or Permanent Resident for 5 years.
  • Have lived in BC for at least one year.
  • Never owned a residential property anywhere in the world.
  • Have a down payment up to or equal to the amount of the loan (up to $37,500 or 5% of the home purchase price).
  • Pre-qualify for a high-ratio first mortgage for at least 80% of the purchase price.
  • Purchase a home worth less than $750,000 (including condos,
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On October 3, 2016 Canadian Finance Minister Bill Morneau announced changes to Canadian mortgage laws that are designed to protect borrowers from taking on mortgages they can not afford.

Essentially, the new law requires that all insured mortgages in Canada must undergo a “stress test” that will ensure borrowers can continue making mortgage payments if interest rates increase. This stress test will check if borrowers can continue making mortgage payments if actual rates were to increase to the big bank’s five-year posted mortgage rate, which is currently 4.64%.

In the example provided by CBC.ca a buyer with an annual income of $100,000 and $40,000 down payment could qualify for a mortgage of $665,435 with a mortgage rate of 2.17%. Under the new

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February 2016 was a big month for real estate in the Fraser Valley.

Not only was it another record-setting month for sales (increase of 79% compared to February 2015) but there were also big changes to BC Property Transfer Tax on February 17.

Overall, home buyers are finding selection scarce and prices driven higher and higher by the intense demand. Here are some comments from Charles Wiebe, President of the Fraser Valley Real Estate Board:

“In my twenty-five years of real estate, I have never seen such consistent demand for housing in the Fraser Valley.

While it’s certainly encouraging to see such confidence in our region, the intense demand has created a more complex market for buyers. For certain property types, prices have increased and

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On December 31, BC property assessment notices will be mailed to all property owners in British Columbia stating the market value of their property as of July 1, 2015.

With this important piece of mail coming soon it is a very good time to review how the BC home assessment process works and what you can do if you don’t agree with the assessed value of your home.

BC Assessment Value

BC Assessment is a private and self-supporting Crown Corporation that evaluates and attaches a dollar value to over two million properties throughout British Columbia.

Over the past 38 years this organization has established a province-wide assessment standard that is used by local municipal taxing authorities to collect property tax that helps support your

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A couple weeks ago CKNW featured a survey by BlueShore Financial that indicates how common it is for people to use real estate investments to save up for retirement. Here are the results:

  • 21% already own a real estate investment property.
  • 54% plan to purchase a real estate investment property in the next 1 to 5 years
  • 50% say they are turning to real estate investment for future retirement
  • 44% of those turning to real estate investment do so because of rising real estate values

It’s never too early to start planning ahead and with so many great investment opportunities in Richmond, Vancouver and Surrey real estate why not start considering your options now?

The Taylor Team is ready to help you through all the stages of purchasing a

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The Taylor Team - Top Producing Realtors in Cloverdale, Langley and White Rock are bringing in the new year of 2015 with some tricks up their sleeve. With multiple interactive website marketing, The Taylor Team now caters to out of country investors. If you plan to list your home hoping to gain the attention of buyers from China, Russia, India and anywhere abroad, The Taylor Team takes marketing your BC home to a whole new level. Ryan not only has family who owns an Investment Company in Shanghai and Hong Kong, but the Taylor Team owns multiple websites which can be seen almost anywhere around the world. "The world is becoming a much smaller place," Ryan Taylor quotes. "In order to succeed in Real Estate, you need to market internationally. There are

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