Wednesday, August 26, 2009

SURREY Showcase of New Homes at the Fall 2009 Open House brough to you by the Greater Vancouver Home Builders' Association (GVHBA)

The 2009 Greater Vancouver Home Buildres’ Association Surrey Open Houses – A Showcase of New Surrey Homes

The Fall 2009 Open House by GVHBA - Surrey showcase of new homes and real estate developers.Continued from the previous article on other Greater Vancouver home developments, the GVHBA Fall 2009 Open House also showcases spectacular new Surrey homes and condo real estate developments throughout this growing city. Please find below the showcased Surrey projects here at the Fall 2009 GVHBA Open House between Saturday September 26th to Sunday, October 4th, 2009. In addition, we have included several Cloverdale real estate developments in this GVHBA showcase of new homes as well.

Springfield Village Fleetwood Surrey GVHBA Fall 2009 Open House
A new Fleetwood Surrey townhome development will feat featured at the 2009 Greater Vancouver Home Builders’ Association Open House and Showcase of New Homes by Ambros CSM Link III Developments Ltd. and located at a prime central Fleetwood Surrey location at 8676 - 158 Street, Surrey BC. These three and four bedroom townhomes for sale with 3-4 bathrooms features a boutique development ofonly seventy nine homes for sale with high end finishes (granite counter tops, stainless steel appliances, maple cabinetry). In addition, these Fleetwood Springfield Village GVHBA Fall 2009 Surrey Open House showcase has nine foot ceilings, flex/den rooms and bathrooms on the ground floor for added convenience. There are fenced backyards at these Surrey Fleetwood Springfield Village townhomes for sale up to fifty feet long and they are ready to move in and completed. The pricing starts from three hundred and thirty nine thousand nine hundred dollars with three showhomes available for viewing durint the Fall 2009 GVHBA Open House. Visit for more info.

The Lotus Surrey Fleetwood Townhomes for Sale
Another Surrey townhouse development featured in the Fleetwood real estate neighbourhood during the Greater Vancouver Home Builders’ Association Fall 2009 Open House belongs to the Lotus Surrey townhomes for sale by Domani Homes Inc. Located at 69, 16355 - 82 Avenue, Surrey BC, these three bedroom, 2 and a half bathroom floor plans are very spacious and close to all services and amenities. The boutique Surrey real estate development consists of only seventy one townhomes for sale and Phase 2 and 3 are now selling. These Fleetwood Surrey Lotus townhomes have ground floor flex rooms/bedrooms and they are also priced from $339,900. The Greater Vancouver Home Builders’ Association Open House in Fall 2009 will feature one show home at Lotus Fleetwood and you can visit for more details.

Augusta Surrey Townhomes – Duplex Style
Three bedroom and four bathroom Surrey Augusta Townhomes are now selling at 18199 - 70 Avenue, Surrey BC and brought to the 2009 Fall Open House by GVHBA by Vesta Properties Ltd. These large duplex style Surrey townhomes for sale have flex rooms and dens, in addition to double garages and two car driveways. In addition, there are fully fenced backyards, which are perfect for children and pets. These new Augusta Surrey townhomes for sale feature stainless steel and granite finishes and are located in a pedestrian friendly community. The Greater Vancouver Home Builders’ Association Fall 2009 Open House is proud to present the Augusta Surrey townhouses that are priced from $399,900 with two display homes available. Visit their web site at today.

Southport Single Family Surrey Houses for Sale
The luxury Surrey Southport homes are located in the waterfront community at Crescent Beach near White Rock. With expansive floor to ceiling windows and with large great rooms, the Southport single family Surrey homes are located at 3677 - 143 Street, Surrey BC and is a new showcase at the Fall 2009 GVHBA Open House by ParkLane Homes. The luxury Surrey homes feature 3-4 bedrooms with three bathrooms. Other impressive finishes in these homes include large fully landscaped private yards, granite and harwood flooring. In addition, you will be situated just next to the idyllic Nico Wynd golf course and the price point starts from just less than $800k. Please visit for more information.

Glenmore at Morgan Heights South Surrey Townhomes
Intracorp Developers showcases the Glenmore at Morgan Heights townhouses at the 2009 Fall GVHBA Open House and it is located at 2450 - 161A Street, Surrey BC. With four showhomes now open, the South Surrey Glenmore Morgan Heights townhomes for sale feature 2-3 bedrooms and 2-3 bathrooms and residents will have access to the Morgan Heights Club where you will find five star amenities that include such things as a lounge, outdoor swimming pool, yoga studio, indoor floor hockey rink and much more. Craftsman style architecture is seen throughout and the interiors are both elegant as well as modern. The Greater Vancouver Home Builders’ Association Open House for Fall 2009 presents the Glenmore South Surrey townhomes from the low $300k and you can visit for more details.

Cathedral Grove Townhomes in Surrey Real Estate Market
Brought to the GVHBA Open House by Polygon Cathedral Grove Townhomes Ltd., the Cathedral Grove Morgan Heights townhomes are priced from the low $400k with three showhomes available for viewing during the showcase event at 2738 - 158 Street, Surrey BC. These three and four bedroom townhomes with 4 bathrooms will have arts and crafts architectural features and are located in the up and coming South Surrey Morgan Heights neighbourhood. Natural wooded setting in addition to a private clubhouse with spa area and swimming pool are other added features of this Surrey community. Visit for more details.

Salus Townhomes in Surrey Open House Showcase
Adera Development Corp presents the perfect balance between health and home at the new spa inspired Salus Surrey townhomes in this well established neighbourhood along the border with Delta. With 3 and 4 bedroom townhouse plans and with 1.5 to 2.5 bathrooms, these new Surrey townhomes for sale are priced from the low $300k range with four show homes to view at 1, 6671 - 121 Street, Surrey BC. For more details, visit

Summerfield Single Family Homes in Surrey Real Estate Market
Located at 109 - 172A Street, Surrey BC, the Summerfield Surrey homes are brought to the 2009 Greater Vancouver Home Builders’ Association Fall 2009 Open House by Cressey Development Group. The single family detached homes feature three bedrooms and 2.5 baths with BuiltGREEN certification. Best of all, the pricing fro these new Surrey Summerfield homes starts from an incredible four hundred and ninety thousand dollar price range and for this years’ Fall showcase of new homes by GVHBA, there are two new showhomes as well. Visit their website at today.

Vista's West Cloverdale and The Estates at Vista's West Surrey Homes for Sale
Two offerings in this community include thirty four finely crafted, luxury, single family Surrey homes on large estate lots that offer a great family custom home at the Estates at Vista’s West real estate development and featured at this years’ Greater Vancouver Home Builers’ Association showcase of new homes. Featuring large oversized windows and free flowing open concept floor plans for homebuyers to choose from, the Surrey Estates at Vista’s West are flexible, spacious, exquisite and well appointed. Choose from a wide variety of custom finishes from Foxridge Homes as well. The GVHBA Open House showhome is located at 6093 164 St Surrey, BC. The other offering by Foxridge Homes includes the homes at Vista’s West Surrey real estate development that are both functional and affordable. Part of a charming community close to Cloverdale and on the border of Surrey, these cul-de-sac homes for sale at Vista’s West Cloverdale are now ready to purchase.

Morgan Heights Single Family Homes and Surrey Custom Homes for Sale
The single family homes at Surrey’s Morgan Heights feature detachd houses with four bedrooms and five bathrooms located at 2755 - 162 Street, Surrey BC. Brought to the Fall 2009 GVHBA Open House by Clay Construction Inc., the new Morgan Heights Surrey homes for sale have two high end custom specification for new hosues built in the prestigious area of this community. With master bedrooms on the main ground floor and with luxurious master ensuite bathrooms, structured wiring connected homes fro sale and custom building availabililties, the Morgan Heights Open House at the GVHBA Showcase of Vancouver Homes features two display homes and a price point starting from $819k. Visit for more details. At the same time, Morgan Heights Custom Homes in Surrey real estate market are also brought to you by Wallmark Homes. These single family homes have three to five bedrooms or 3-6 bathrooms depending on your customization and which home plan you choose. There are twenty custom designed homes in this South Surrey GVHBA Fall 2009 Open House in the Morgan Heights neighbourhood at 2589 - 164 Street, Surrey BC and you can enjoy building a custom home with one of the top builders in the lower mainland. The price points starts from an incredible $725k and you can visit for all the information.

Saddle Creek at Pronvinceton Single Family Cloverdale Homes
Located on the border of Surrey and Cloverdale real estate districts, the Saddle Creek at Provinceton single family detached homes are located at 7027 - 178 Street, Surrey BC and brought to the Fall 2009 GVHBA Open House by Morningstar Homes Inc., award winning developer. These three and four bedroom single family Cloverdale Surrey homes for sale feature 2.5 bathrooms and they take the architectural features from the rich history of Cloverdale itself. Providing the most amazing sunset views as well as green spaces and in ground or walk out basements, these Cloverdale Saddle Creek at Provinceton Surrey homes for sale are definitely value priced starting from $549,900. Incredibly, there are five showhomes available for viewing during the showcase of new homes at the 2009 GVHBA Fall Open House. Visit for more details.

West on the Village Walk Cloverdale Condos Now Selling
The 2009 Greater Vancouver Home Builders’ Association presents Wallmark Homes West on the Village Walk lorise condos situated at 17712 - 57A Avenue, Surrey BC. These 1 and 2 bedroom Surrey condominiums feature 1-2 bathrooms and are part of a fully completed neighbourhood that is ready for occupancy already. The sixty high end condos which are located in the Cloverdale real estate district are the second 2009 GVHBA Fall Open House in the district and feature fine craftsmanship, great detail and value. The West on the Village Walk Cloverdale lowrise condos for sale start from just $197,900 with one display condo open for viewing. Visit for more details.

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Thursday, August 13, 2009

Comprehensive BC HST Resource Base – Information/News About the British Columbia Harmonized Sales Tax

If you are looking for a website containing all the latest information regarding the new B.C. HST Tax, you have come to the right place! The new British Columbia Harmonized Sales Tax was announced by the BC Liberal Government in late July 2009 and will be introduced on July 1st, 2010, even with 85% public opposition to the new tax burden on consumer goods and services. The new BC HST is the harmonization of the 5 per cent Federal GST and the 7 per cent Provincial PST. The B.C. HST is the fifth of its kind in Canada, following Ontario, Newfoundland/Labrador, New Brunswick and Nova Scotia. For details about the BC HST on homes, BC HST on rent, rebates, transitional rules/policies, input tax credits, exemptions, other pertinent details regarding the new Harmonized Sales Tax, please read below. In addition, we have information about the anti-HST petitions, campaigns and movements currently increasing in number and support as well as an excellent B.C. HST Price Chart showing the tax increase difference when purchasing new homes after the introduction of the new tax. Click on the following links for more comprehensive HST information:

The BC Liberal Government Announced the Introduction of the BC HST Harmonized Sales Tax in Late July 2009.

1 | The Anti-HST Movement that includes the NO BC HST Facebook Campaign, the NDP Petition and the BC Liberal Recall Campaign. How severe is the HST backlash?

2 | A great B.C. HST Price Chart showing the increase in tax payable on new homes and closing fees for new property between $100,000 to $2,000,000.

3 | The Top 10 Facts about the BC HST and how it will increase new home prices.

4 | Comprehensive list of goods and services subject to the new BC Harmonized Sales Tax including exemptions and how the BC HST interacts with other current taxes.

5 | Information about the Partial HST Rebate on new homes in BC and Greater Vancouver. BC HST Rebate updates and news.

6 | Details about the BC HST Transitional Rules (or lack there of) and how it compares to the Ontario HST transitional policies. HST Transition will take time.

7 | Is there BC HST on rent? How does the new harmonized sales tax affect Vancouver rental rates and rental housing? Will the B.C. HST increase rents?

8 | The BC HST versus the Ontario HST? What are the differences between the BC and Ontario HST taxes that are both being introduced July 2010?

Newest BC HST articles published online:

Implications of B.C. HST on new Vancouver pre-construction condos, presale homes and real estate as well as effects of HST on first time home buyers.

Will GREEN initiatives and energy efficiency upgrades suffer because of the BC HST? BuiltGREEN products and services will be severely taxed and numbers don't make sense.

The British Columbia Harmonized Sales Tax of 12% HST will come into effect on July 1st, 2010.

9 | The BC HST versus the Maritime HST in Atlantic Canada? What are the major fundamental differences between the Newfoundland, Nova Scotia and New Brunswick HST taxes compared with British Columbia’s?

10 | Reaction from the construction and homebuilding industries. How is the new BC HST going to affect BC homebuilders, new condo developments, and jobs in the real estate industry?

11 | The new BC HST will see decreased housing affordability, increased rents, a BC construction industry crash and fewer first time homebuyers.

12 | The Top 10 Benefits of the BC HST according to the announcement presentation by the BC Liberal Government in late July 2009.

Stay tuned for more updates and information about the British Columbia Harmonized Sales Tax as they are announced.

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Wednesday, August 12, 2009

The New BC HST Will See Decreased Housing Affordability, Increased Rents, A BC Construction Industry Crash and Fewer First Time Homebuyers

FOR OUR BC HST INFO CENTRE, PLEASE CLICK HERE. Info covering B.C. HST Rebates, Transitional Rules, New Home Price Increases, Anti-HST Petitions and Much More!

B.C. and Greater Vancouver Homebuyers Will See Cost of New Home Purchases and Home Ownership Skyrocket by Thousands of Dollars Thanks to the New British Columbia HST Tax

According to artiles published from the Vancouver Sun and Province newspapers, British Columbians are in for a crisis following the B.C. Government’s announcement of the harmonization of the PST and GST taxes into the single 12% HST tax. What some British Columbians don’t understand quite yet, is why the government failed to notify the public and taxpayers earlier regarding their plans for the B.C. Harmonized Sales Tax and even then, why they didn’t seek input from taxpayers, various industries including the construction and home building industries in addition to other organizations and businesses. One thing is for certain: B.C. and Greater Vancouver homebuyers are the BIGGEST LOSERS under the controversial B.C. HST or harmonized sales tax. Starting July 1, 2010, the Harmonized Sales Tax of British Columbia will come into effect, and both new and resale Vancouver and BC home purchasers will be out of tens of thousands of dollars when purchasing their biggest single asset in their lifetime.

Most British Columbians view the new BC HST as a government tax grab that is unfounded and breaks the BC Liberal Governments' election promise to lower taxes.

Also, visit our updated BC HST Price Chart that shows the increased cost of purchasing a new home in Vancouver and British Columbia after the July 1st, 2010 HST implementation.

The Most Expensive Real Estate Markets in Canada Will Become More Unaffordable

B.C. real estate is the most expensive in all of Canada. And when you factor in the property markets in the Okanagan, Vancouver Island/Victoria and Greater Vancouver/Lower Mainland are the hottest and most expensive in the country, British Columbia homebuyers will suffer the most from this harmonized sales tax of 12% HST. BC residents will end up paying taxes on land, the house and other professional services in any B.C. and Greater Vancouver real estate transactio through the controversial BC HST tax implementation in 2010. Firstly, the 12% Harmonized Sales Tax will be applied to any new B.C. home or property. Compared to the current GST/PST system, new home buyers in Greater Vancouver and British Columbia only need to pay the 5% GST on any new real estate purchase (and even then, they get a significant rebate up to $450,000 purchase price) and PST is NOT applied to any new home purchase in the province. Under the new system with the new BC HST Harmonized Sales Tax on real estate, new homes will have the extra 7% (equivalent to the BC PST of 7%) applied to every new property transaction. BC already has one of the highest Property Transfer Taxes in the entire country too, with some partial PTT exemptions only for first time homebuyers and only up to a certain price point. Currently, the Property Transfer Tax in BC is calculated as 1% on the first $200,000 and 2% on the remaining amount, which can add a significant amount (thousands) to any new or resale BC or Vancouver home purchase. It has been calculated that a new home costing $800,000 in BC will be subject to the 12% HST tax with the maximum partial HST rebate at only $20,000. The difference between total purchase price of the new home in BC (not including increase costs in closing fees) is approximately $56,000.

The HST Input Tax Credit and What It Means to B.C. Home Builders

The new BC Harmonized Sales Tax system will have profound effects on the construction and BC home building industries, allowing homebuilders and developers to pass on the PST for building materials (about 2% in total) which can now be embedded into the price of a new British Columbia or Greater Vancouver home on the market. Again, the biggest losers are the BC and Vancouver homebuyers who will have to shell out this different as most homebuilders will be looking out for their bottom line and saving the 2% wherever possible. Under the new BC HST input tax credit regulations, home builders in Vancouver and the province can claim money back as an HST input tax credit, that would reduce their tax bill by about $8,000 if they pass this cost onto the end homebuyer of the new home. This is most likely the fact of life that new BC homebuyers have to face if they want to buy, design, construct or invest in a new property starting July 1st, 2010. Compared to the Fraser Valley real estate market, a new detached home in that region goes for an average of $506,000 resulting in an added $15,500 in taxes due to the B.C. Harmonized Sales Tax, and that is even after the HST rebate maximum.

The B.C. Harmonized Sales Tax has growing opposition with many anti-HST petitions, campaigns and movements gaining momentum.

The HST Will Influence Other Transaction Services

Other profound influences of the British Columbia Harmonized Sales Tax on other real estate transaction services, goods, and fees include realtor’s commissions that will cost a lot more and will rise from the 5% GST only to the 12% HST. The average real estate agent commission on a $800,000 home in B.C. is roughly $40,000, so the increase in 7% in taxes will add thousands to this fee for BC home sellers. In addition, if you take into account other real estate professional fees such as a notary public, legal fees, surveyor, appraiser or home inspector, all of which are subject to the 12% Harmonized Sales Tax in BC, this will certainly add hundreds more dollars onto your cash out in any BC real estate transaction, whether it is a new property or a resale property. Other transaction services affected by the B.C. 12% HST include such things as residual costs that include renovations, maintenance, green energy retrofits etc which are all subject to the twelve per cent harmonized sales tax come July 2010. Many home builders and renovators have already expressed their anger towards this new B.C. HST and say that they will build flat out until July 1, 2010. After this date, analysts predict a significant drop in sales of new B.C. and Greater Vancouver homes and according to the Greater Vancouver Home Builders’ Association, the introduction of the BC Harmonized Sales Tax will become a huge barrier to affordability in the housing markets in B.C. The higher costs of housing will have a profound influence on the middle class who are on the verge of upgrading their homes for their families or first time homebuyers who seek home ownership. The multi-millionaires will pay the tax, and will not really care, as they have the money. Some analysts also say that the $400,000 threshold for the BC HST rebate is way too low, especially in the Lower Mainland and Greater Vancouver real estate markets. The more realistic HST threshold should be around $750,000. The B.C. Real Estate Association even goes ahead and indicates that the BC Government should actually phase out the Property Transfer Tax (PTT) to help affordability in real estate. With the outlook that interest rates are certainly rising later in the year into 2010, the B.C. housing market is due for a fallout once the BC Harmonized Sales Tax takes into effect. Some analysts also predict that the new BC housing market will peak sometime in May or June 2010 as new homebuyers seeking new homes in B.C. and Greater Vancouver will likely make their purchase before the 12% HST tax burden hits in July … and with the BC Government and Bank of Canada likely to keep their promise at keeping their prime lending rate at 0.25% (and the major banks keeping their prime rates at 2.25%) until June 30, 2010, there really will be a rush in new home construction and purchases during that time period. Basically, the new B.C. HST is a tax that will be passed through the businesses to the consumers, so in the end, British Columbia homebuyers will be the hardest hit.

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Monday, August 10, 2009

The 2009 Vancouver Home and Interior Design Show at BC Place Stadium - October 15th - 18th, 2009 with Ty Pennington Endorsement

Introducing the The Vancouver Home and Interior Design Show – October 15 – 18, 2009

The 2009 Vancouver Home and Interior Design Show will be happening this October 2009 and is officially endorsed by Ty Pennington, the host of Extreme Makeover: Home Edition! The exact dates for the 2009 Vancouver Home & Interior Design Show is set for Oct 15th to 18th at BC Place Stadium and the hours include: Thursday, October 15th from 4 to 9pm, Friday, October 16th from noon to 9pm, Saturday, October 17th from 10am to 9pm and Sunday, October 18th from 10am to 6pm. It’s time to update your look. Is your home in need of some updating? Get inspired and informed with helpful advice, money-saving solutions and the coolest new products at the Vancouver Home + Interior Design Show 2009. It’s just four days only so get your tickets today. The special appearance highlight: don’t miss Ty Pennington’s first and only Canadian appearance on the opening night of the 2009 Vancouver Home & Interior Design Show, Thursday! Plus, it’s Girls Night Out so free goodie bags for the first 250 ladies at the show. Visit the website for full details. Ty Pennington, Marketplace Events spokesperson and host of Extreme Makeover: Home Edition as seen on HGTV. Connect your space to the future. Discover the latest in home installations, electronics and décor at Tech Style with ConnectPro by Future Shop designed by HGTV’s Cheryl Torrenueva, here at the 2009 Vancouver Home and Interior Design Show. Get the inside dish. Join Vancouver’s hottest chefs including, Foot Network’s Anthony Sedlak, on The Food Stage for cooking demos, BC wine pairings and a chance to win culinary prizes and score one on one consultations, all here at the Vancovuer Home and Interior Design Show 2009! The Sponsors include ConnectPro, BC Hydro, Urban Barn and HGTV. You can visit the Vancouver Home and Interior DesignShow website today at If you pick up the Fall 2009 edition of the West Coast Homes & Design magazine and turn to Page 51, you will find a coupon where you can clip out and Save $4 on admission. Buty Vancouver Home and Interior Design Show tickets online and save by entering promo code Westcoast.

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Real Estate Online Tools Through My Home Planner by Genworth PLUS Top 10 Home Buying Mistakes, Long Term Real Estate Questions, New Versus Resale

Real Estate Online Tools Help Make Sense of the Canadian Homeownership Process

While they are often cause for celebration, planning a Canadian home purchase and a move are often cited as some of life’s most stressful life experiences and events. Many other life moments have built in backup to help you along the way such as weddings have planners, and vacations offer itineraries and tour guides for you. It only makes sense, that something this important such as a Canada home purchase should come with planners and checklists to keep you organized and in control every step of the way. My Home Planner, found at is a new and useful online tool by Genworth Financial Canada that helps make sense of the homebuying process in Canada real estate markets. It’s like having a constant companion on your journey to homeownership in Canada property – one with a great memory and a knack for details. An interactive calendar show you your roadmap at a glance and serves as an official countdown to when you close the Canadian real estate property deal and move in. Canadian My Home Planner does the memory work for you – keeping track of tasks and decisions that need to be handled ont eh way to your new Canadian home purchase. It even generates email notifications to remind you of key details so that you can stay focused on the big picture of Canadian home purchase. Why go it alone? Tools like My Home Planner Canada from Genworth Financial Canada can help you understand what Canadian homeownership looks like, plan your journey and close the deal knowing that you haven’t missed a single step along the way. Other free resources from Genworth Financial Canada for Canadian homeownership and home purchase includes a personalization feature that populates your Home Planner calendar with both standard and customized homebuying tasks leading up tot eh closing of your new home, the ability to save your own Home Planner Canada to your desktop or laptop, and print it for easy reference. In addition, My Home Planner Canada will provide interactive tools like ‘What Can I Afford’ and ‘Rent vs Buy’ calculators and a library of articles from industry experts, filled with tips and advice about the Canadian home buying process.

The Top 10 Home Buying Mistakes and How To Avoid Them

A useful article from the Canadian Real Estate Magazine outlines the top ten problems and mistakes that Canada homebuyers make when deciding on a home purchase. #10 – Making an offer prematurely is one of the top 10 home buying mistakes in Canada where homebuyers decide on a property without looking at other options or enough other properties. #9 – Homebuyers Using the Wrong Realtor – as many realtors entered into the Canadian real estate marketplace to make the quick buck (not because they really enjoyed being agents), the tougher times have allowed Canadian home buyers to select the best realtors for the job at hand. A challenging market poises more challenges, and an experienced local realtor is definitely important in your purchase decision. #8 – Not reviewing the purchase contract closely can become a top 10 home buying mistake in Canadian real estate as there are many clauses, inclusions and exclusions in every purchase contract. And since many first time Canadian home buyers purchase condominiums, these agreements are usually drafted by builder lawyers. #7 – Scrimping on the inspection process can cause you a lot more money and headaches in the future and thus is a top 10 homebuying mistake in Canada as it only costs $500 to thoroughly inspect a full single family home before you write the final cheque and lift conditions on your offer to purchase. #6 – Choosing the wrong location is a Top 10 Home Buying Mistake that can mitigated – as most first time homebuyers tend to stay in their homes for five to seven years, but you need to look at your eventual resale value. #5 – Not knowing your mortgage options can cause you to spend a lot more money on your mortgage payments both short term and long term and thus is a top ten home buying mistake that many first time hombuyers in Canada fall into. Get mortgage brokers to talk to banks on behalf of your application to help you along your way. #4 Not getting pre-approved for a mortgage is another top Canadian home buying mistake as a pre approved mortgage allows you to understand how much banks are willing to help finance your new home purchase. #3 – Settling on a property is the opposite of over buying and afflicts many Canadian homebuyers and thus, you need to make a more informed choice. #2 – Emotion over reason is a common Top 10 Canada Home Buying mistake as the emotional attachment that you get can outweigh any reasonable reason, your budget and many other critical factors in selecting a new home. In addition, cosmetics and furnished homes for sale will not look the same with your furniture and features integrated into the home. #1 Top 10 Home Buying Mistake in Canada is overbuying, so make sure that you can afford the home that you put an offer on.

12 Top Questions for Long Term Real Estate Potential

When it comes to capital appreciation and increase in rents over the long-term, the top 12 long term real estate potential questions for homebuyers and investors include the following questions that you must ask yourself and other professionals before purchasing a new home in Canada. Will any short term challenges (such as negative publicity, layoffs) disappear? Is the area attractive to Baby Boomers? Is there a major transportation improvement occurring nearby? Is the neighbourhood located in an area of renewal or gentrification? Is the region’s Economic Development Office helpful and proactive? Has the local and provincial political leadership created a growth atmosphere? The final six top 12 questions for long term Canadian real estate potential include: Will the property value benefit from a major redevelopment nearby? Is the Canadian real estate booming in the surrounding region more than where you’re looking? Does the area have more than one major employer? Is the area creating jobs faster than the provincial average? Is the area’s population growing faster than the rate of the provincial average is? Is the area’s average income increasing faster than the provincial average is? From REIN.

Buying New Versus Resale Real Estate in Canada – Which One Is Better?

There has always been an ongoing debate amongst both homebuyers and investors on whether to purchase new property or to buy resale real estate. One of the common questions firs time homebuyers have is whether to buy a new or previously owned home, typically called a resale property. Much of your decision, according to CMHC as well as the Canadian Real Estate Magazine hinges on your budget, the area you want to live in and other specific details – but there are some characteristics that all homebuyers should be aware of when the new versus resale real estate debate goes on. So in this real estate debate of new versus resale, a new home will have the following disadvantages over re-sale property (in no particular order): extra costs (like upgrades) and taxes (such as GST, HST etc.). However, the advantages of new property versus resale real estate is that the newer builds have neighbourhood amenities, new home warranty program to protect your investment in the short to medium term, builder warranty for your protection, low maintenance costs, up to date on the latest building standards and modern design/layouts. From the resale home perspective, there is no GST or HST, landscaping and fencing are already usually established, you can see exactly what you are buying before you make your final decision but there may be possible redecorating and renovations required for an older home.

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