Moving from a single-family or rental home into your newly purchased condo or townhome could be your first introduction to strata fees. Naturally, you may question any monthly fee that’s made in addition to your mortgage payments.
There’s been a lot of buzz about downsizing in the last few years – when to do it, how to do it, where to do it. Along the way, the term has picked up some negative connotations. It’s often viewed as a step down or a sacrifice. But it doesn’t have to be either.
The concept of “flipping” — where someone purchases a home, renovates it, and sells it for a profit — has been commonplace for decades.
In the last few months, pressure on the provincial government has started to heat up again regarding taxing wealthy offshore investors at a higher rate than local residents buying investment properties in Metro Vancouver.
As a first time home buyer, you may be eligible for a high ratio mortgage. This means you could own your home with as little as a 5% down payment.
Assessments have landed in everyone’s mailboxes and, for prospective sellers, the increase in value is good news. However, concerned homeowners often ask if an increase in value also means an increase in property taxes and if so, what can they do about it?
Last month we looked at the benefits of owning a condomium/strata titled home and what your condo/strata fee covers.