Homebuying Knowledge

Sept. 11, 2020

Going Into Multiple Offers

In today’s Comox Valley Real Estate environment there are currently more multiple offer scenarios than in the past few years. Not every property listed for sale goes into multiple offers, but recently many have. 

 

As a buyer, you might wonder “if there are no offers yet what is ...

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Sept. 11, 2020

First Time Home Buyers

 

You are doing a lot of online research, getting prepared to be a well-informed buyer, saving for your down payment and yet, it appears that there is conflicting information on what is a First Time Home Buyer.  

 

Guess what? You are not crazy. The federal and provincial ...

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July 8, 2020

High Ratio Mortgage Insurance

What is High Ratio Insurance Anyway? 

Last month CMHC announced they were tightening up their lending guidelines for high ratio borrowers and everyone was up in arms about the impact that would have on first time home buyers. Anyone with less than 20% down payment would require a high ...

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March 26, 2020

Purchase Plus Improvements Mortgage

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March 4, 2020

It's Going Up, Strata and Condominium Insurance

Strata and Condominium insurance coverage in British Columba has recently faced some serious increases in premiums. Of special note in B.C. is that duplexes, triplexes, townhomes, patio homes and condominiums are all considered a Strata Unit.

Many factors have led to this increase, here are a few:

1. Insurance ...

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March 4, 2020

New Housing Stress Test Rates

The government pendulum has started to swing a little bit back after the extreme measures it took back in 2017 when it slashed the purchasing power of home purchasers by 20%. The stress test has affected almost all mortgage holders including seniors, home purchasers and people renewing their mortgage. Adding ...

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Feb. 5, 2020

Spring Fling

Spring is rapidly approaching and with the better weather comes a great opportunity to sell your home. The “Spring Market” is when the most homes sell, with the largest mortgage closing dates across Canada being June 30, July 31 and August 28. People want to move at the beginning of summer ...

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April 23, 2019

Should We Renovate Before Selling?

When you are considering doing some renovations with the idea that the new look will increase the value of your home, there are some choices that are better than others. Some of the best return on investment reno's might even surprise you.

During a recent study by JLC Group’s ...

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April 3, 2019

The Rules Have Changed for Housing in the ALR

April 3, 2019

Thinking about buying a property located in the Agricultural Land Reserve (ALR)?

As of February 22, 2019 the BC government has introduced a few changes to the Agricultural Land Commission (ALC) Act which affect the size and number of dwellings allowed on a parcel of land in ...

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Feb. 28, 2019

Top 10 Things To Look For When Buying a House

Buying a house can be a stressful, emotional experience. This list of the top ten things to look for when buying a home will come in handy when emotions are running high. Go through the list and verify the condition of each of these items. It's not necessarily a ...

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