Tim Wray | RE/MAX Crest Realty, Vancouver

Help for first-time home buyers - 9 government grants and rebates

Posted on Mar 28, 2023 in Buying Your Home

1. Home Buyers’ Plan
Qualifying home buyers can withdraw up to $35,000 (couples up to $70,000) from their RRSPs for a down payment. Must repay within 15 years. Eligibility to use the program a second time: home buyers who’ve experienced a breakdown in their marriage/common-law partnership and those who have repaid their RRSP. Can be used together wi...

Here are 7 strata terms you should know

Posted on May 25, 2022 in Buying Your Home

One third of BC residents live in a strata home, whether it’s a condo, townhouse, or multi-plex unit.

Strata homes are usually more affordable than their single-family counterparts. They can also lessen the burdens of home ownership, with strata residents sharing responsibilities for things like maintenance, snow shoveling, and security. And while t...

11-Step Guide to Buying A Home

Posted on Nov 09, 2021 in Buying Your Home

Purchasing a home is likely going to be one of the largest purchases you will make in your lifetime, which is why it is so important to follow the right steps when starting on your home-buying journey to ensure that the entire process goes smoothly from start to finish!

Here's a step-by-step guide to buying a home, to help you get off on the right f...

What are the buying costs of a home?

Posted on Jan 12, 2021 in Buying Your Home

If you’ve decided to buy a home, it’s important you understand all the costs involved in addition to the price you're paying for the property.

Mortgage application
Lenders may charge a mortgage application fee, which will vary depending on the lending institution.

Mortgage insurance
The federal government requires high-ratio mortgages with less than 20...

BC's Land Owner Transparency Registry now in force: what you need to know

Posted on Dec 17, 2020 in Buying Your Home

BC's new Land Owner Transparency Act (LOTA) came into force on November 30, 2020.

For transactions set to close on November 30 or later, when the title change is registered in the land titles office, the transferee must file a transparency declaration disclosing interest holders.

This declaration records indirect ownership of interests in land such a...

Real Estate Terms: Home Buyer's Glossary

Posted on Jul 03, 2020 in Buying Your Home

Buying a home is a huge commitment and one of the biggest financial investments you’ll ever make. If you’ve never done this before, you can expect to get hit with a barrage of real estate terms and jargon that might leave your head spinning.

At all times, we guide you through the process, but for the keeners who want to hit the books before you hit...

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