What are the buying costs of a home?
Posted on Jan 12, 2021 in Buying Your Home
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...
SnapStats Market Update Video - December 2020
Posted on Jan 07, 2021 in SnapStats Videos
Whether you are looking to buy, sell or learn more about the market changes, call / text me on (604) 781-5692 or send an email to tim@timwray.ca to get the answers you need.
My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.
My business grows by building trust and strong client-focused relationships. I would welcome the opportunity to help you achieve your real estate goals.
SnapStats Market Speedo Infographic - December 2020
Posted on Jan 07, 2021 in Market Speedo Infographic
Metro Vancouver housing market shows resilience in 2020
Posted on Jan 05, 2021 in Vancouver Update
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 30,944 in 2020, a 22.1 per cent increase from the 25,351 sales recorded in 2019, and a 25.7 per cent increase from...
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.
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...
Vancouver’s Empty Homes Tax increases to three per cent
Posted on Dec 16, 2020 in Selling Your Home
Vancouver's Mayor Kennedy Stewart has tripled the Empty Homes Tax (EHT) rate to three per cent from the original rate of one per cent when the tax was introduced in 2017.
In 2019 the rate increased to 1.25 per cent. The new rate takes effect in 2021.
The increase is supported by new data released by the Canada Mortgage Housing Corporation (CMHC) whic...
The increase is supported by new data released by the Canada Mortgage Housing Corporation (CMHC) whic...