In today’s hot real estate market, there is a lot of pressure to make quick decisions. If you’re worried about missing out in a bidding war or are motivated to move, it can be tempting to go in subject-free so that your offer stands out. But what if your dream home turns out to be a nightmare? Without conditions, you might be stuck with very few options to end the contract. [Read more…]
Archives for February 2017
You’ve done your mortgage research online and found a great low rate. Now that you’re finally meeting with a broker in person, they’re telling you your rate will be higher. You might be disappointed, and you definitely want to know WHY you can’t have that great rate. [Read more…]
In the latest provincial budget, the government has announced an immediate change to the Property Transfer Tax. Effective February 22, 2017, the exemption threshold for eligible first time home buyers will be raised to $500,000. Buyers shopping in that price range may now save thousands of dollars in tax payments.
A new international survey shows that Vancouver continues to be the least affordable city to buy a home in Canada – and ranks third internationally. But would you believe that Victoria comes in at second on the list in Canada, less affordable than all of the other major markets considered in the study?