Canada's Foreign Home Buyer Ban
Posted on Oct 25, 2022 in Resources
Starting on January 1, 2023, foreign home buyers will not be able to purchase residential real estate in Canada for a period of 2 years. Here's what you need to know:
This legislation was created to:
- Reduce foreign money coming into Canada to buy residential real estate
- Establish penalties for anyone who helps a non-Canadian to violate this law
- Cool th...
HUNGER GAMES: Vancouver Rental Market
Posted on Sep 23, 2022 in Resources
The Vancouver rental market is like the Hunger Games because so many people are trying to rent right now!
But for the people who were in the market to buy over the last few years and are jumping into the rental market now because inflation and interest rates have risen.... do you know what the average rent for a 1 bedroom unfurnished condo in Vancou...
Mortgage Financing for Foreigners Buying in Canada
Posted on Jul 17, 2022 in Resources
Thinking of buying real estate in Vancouver as a foreigner?
In Canada, there's no such thing as owning a home with as little as 3.5% down payment. Grecia, a mortgage specialist at CIBC will explain. Watch now to find out more!
If you have any questions about this type of mortgage financing, feel free to contact us!
Cari Mai PREC*
604-727-9922
cari@cari...
Mortgage Financing for Non-Resident Canadians
Posted on Jul 09, 2022 in Resources
So right now I have quite a few people reaching out to me who are Canadian citizens or Canadian permanent residents who are living and working abroad making foreign income either in the US Hong Kong, London, Singapore and etc. They're wondering whether they can get a mortgage to b...
Property Tax Reminders: July 2022
Posted on Jun 30, 2022 in Resources
It's that time of year again in Greater Vancouver & Fraser Valley areas -PROPERTY TAXES DUE ??
July 2, 2022: Surrey
July 4, 2022: Richmond, Coquitlam, Port Coquitlam, Langley, Maple Ridge, Chilliwack, New Westminster, Abbotsford, North Vancouver, West Vancouver, Squamish
July 5, 2022: Vancouver, Burnaby
Once you pay property tax, you may apply to recei...
How Much It Costs to Buy a Home in Greater Vancouver (May 2022)
Posted on Jun 22, 2022 in Resources
This is how much a typical home in Greater Vancouver will cost you (May 2022):
A detached house will cost you an average benchmark price of $2,093,600
This is a 15% increase in price and sales volume decrease 44% from May 2021.
A condo would cost you an average benchmark price of $779,700
This is a 15% increase in price and a 22% decrease in sales volu...
