When looking to buy a new condo, it’s only natural to start exploring existing neighbourhoods such as Vancouver’s coveted Kitsilano, Downtown’s English Bay or Burnaby’s Metrotown.
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The question about deposits and what is standard is one that often comes up when considering buying a presale home.
When it comes to buying a new home, many house hunters think they can look past dated décor, clutter or empty rooms and see “potential” — but they usually just get distracted and think they don't like the home.
“Downsizing” used to be a negative word, loaded with the implications of ageing, children leaving the nest, and parting with favourite possessions.
When your heart is set on buying a brand new home with a certain budget, the next big question to answer is when to move in. In today’s market, a variety of new communities are complete and ready to welcome homeowners within the next week or few months.
When buying presale, it can sometimes be difficult to fully understand the financial commitment you are undertaking, especially when, in some cases, you won’t take possession of your home for 3 years.
Purchasing a presale home from a floorplan creates a distinct difference on how to prepare for a mortgage. Two questions I often get asked are “when should I arrange the mortgage” and “when do I start paying for my mortgage.”
Like many industries, there are terms, acronyms and jargon that those of us within the industry accept as normal day-to-day language because we use it all the time. But recently someone challenged us on the term “pre-sale” and asked what it means.
Speculation about mortgage rate increases has been in the news a lot lately.