If you are purchasing a home in BC it is important to understand property transfer tax, and more specifically if you qualify for an exemption.  Here is a breakdown of the qualifications. First Time Home Buyer Qualifications:   You qualify as a first time home buyer if: § you are a Canadian citizen, or a […]

Mortgage qualifying just got a little harder…what does this mean? The Department of financing has surprised us with a few changes that will be effective coming up October 17th, 2016.  These changes were made to cool the markets in Vancouver and Toronto but will most likely have an effect more so on the regions outside […]

Purchase Plus Improvements: Get into your dream home today!  A lot of times we see that a client LOVES a home but there are just a couple of things they would change, this is very typical and a lot of times people may be walking away from THEIR DREAM HOME! What if I were to […]

Over the past several years, we have seen significant changes to the way that lenders qualify borrowers applying for mortgages – with each change making the mortgage qualification process progressively more challenging. The latest proposed change for January 1st, 2015 would see existing unsecured debt payments (credit cards, lines of credit, etc) calculated using 3% […]

First time Home Buyer saving for your down payment:   This can seem like a daunting task with the markets these days, but it may be somewhat easier than you think.  I am speaking strictly in a YOUR ARE SAVING FOR A DOWN PAYMENT FOR A HOME, nothing more or less; this isn’t retirement advice […]

If I was to ask the questions “when is that last time you pulled your own credit”? What would you say? Unfortunately most people do not understand the importance of doing this on a regular basis nor sometimes do they even know how they would go about doing this.  When I ask this question I […]