Market Value vs Listing Price: What’s the Difference? | Vancouver Realtor Insights
Posted on Jan 22, 2025
In Vancouver’s competitive real estate market, it's important to understand that listing price and market value are not the same thing.The listing price is what the seller wants for their property, but the market value is what the property is likely to sell for, based on comparable sales in the area. As a Vancouver realtor, I always tell my clients...
1st Time Home Buyer Incentive Programs in Lower Mainland
Posted on Jan 17, 2025
Buying your first home in Vancouver is an exciting milestone, but it can also feel financially overwhelming. Fortunately, British Columbia offers several programs and credits specifically designed to help first-time home buyers.
1. Home Buyers’ Plan (HBP)
The Home Buyers’ Plan allows first-time home buyers in Vancouver to pull from their RRSP savings...Deposit vs. Down Payment: Key Differences in the Vancouver Real Estate Market
Posted on Jan 16, 2025
When navigating the Vancouver real estate market, two important terms you’ll encounter are deposit and down payment. While both involve money and play a crucial role in the home-buying process, they serve distinct purposes. Understanding the difference can help you better prepare for your property purchase in Vancouver.
The Deposit
The deposit is the...What is Condo Insurance in Vancouver?
Posted on Jan 16, 2025
Condo insurance is essential for owners in condos or townhouse buildings in Vancouver, where each unit owner owns their individual unit (strata lot), and shared areas are categorized as common or limited common property.
Two Types of Condo Insurance in Vancouver:
- Strata’s Condo Insurance: Covers the building structure, common areas (e.g., hallways, r...
Cost of Selling a Home in Vancouver
Posted on Jan 16, 2025
If you're considering selling your home in Vancouver or the Lower Mainland, understanding the costs involved is crucial to estimating your take-home profit. Here's a breakdown of key expenses to expect when selling your property in the Lower Mainland: