Monthly Market Report

Deposits: Everything You Need to Know

Posted on Dec 03, 2024



When you’re buying a home in British Columbia, one of the first financial commitments you’ll make is the deposit. It’s a key part of the process and often raises questions, especially for first-time home buyers or buyers who haven’t made a home purchase in many years. In this post, we’ll break down what a deposit is, how it works, and answer some o...

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Understanding Depreciation Reports: What They Are, Why They Matter, and How to Read Them

Posted on Nov 06, 2024



If you’re considering purchasing a strata property in British Columbia, you’ve likely come across the term “depreciation report”. This document plays a crucial role in assessing the financial health and future maintenance needs of the building you’re thinking about calling home. In this post, I’ll cover what a depreciation report is, why it’s impor...

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The Cost of Selling a Home

Posted on Oct 06, 2024



Selling a home is an exciting time—whether you're upgrading to a larger space, downsizing, or embarking on a new chapter in life. However, it's important to be aware of the various costs associated with selling a home in British Columbia. While the sale price may seem like a big win, several expenses can impact your final profit. Let’s break down t...

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Property Transfer Tax: How Much Will You Have to Pay?

Posted on Sep 04, 2024



When you buy real estate in British Columbia, one of the costs you'll encounter is the Property Transfer Tax (PTT). Whether you're a first-time homebuyer or an experienced real estate investor, understanding this tax is crucial for planning your purchase. Today, I'll break down what the Property Transfer Tax is, who needs to pay it, when it’s due...

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The Cost of Buying a Home

Posted on Aug 08, 2024



Purchasing a home is a significant milestone and investment, particularly in British Columbia, where the real estate market is vibrant and dynamic. While it’s easy to get caught up in the excitement of owning a home, it's crucial to be aware of the various costs involved beyond the purchase price. Here, I’ll take you through all the major expenses...

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Should You Buy First or Sell First?

Posted on Jul 11, 2024



Today, let’s tackle one of the classic conundrums in real estate: should you buy a new home before you sell your current one, or is it wiser to sell first and then buy? There is no correct answer to this question since the choice will rely heavily on your personal situation and the current market conditions, however, both options have pros and cons...

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