October 2023

When Variable Rates Are Higher Than 5 Year Fixed Rates; Expect Interest Rate Drop

Posted on Oct 26, 2023 in Real Estate

interest rates 2024
I thought you would appreciate this email that was sent to me by one of my mortgage brokers. If you are looking to buy or refinance, the following should give you insights to bank expectations on rates. I have already posted (last month blog) about how rates are expected to drop over the next two years by up to 3%. Banks want you to lock in on the...

Read More

Hallowe'en Events In The City of North Vancouver 2024

Posted on Oct 25, 2023 in Local Entertainment and Things To Do

Upper Lonsdale Halloween 2024


Halloween in the City

October 24, 2022   
Join in local events, and have a fun and safe Halloween! Learn more about safety at cnv.org/Halloween.

Great Grand Boulevard Pumpkin Walk

No tricks, just treats here! Join us at the Great Grand Boulevard Pumpkin Walk on Saturday, October 29 between 4 and 7pm. Put on your costume and sip some free hot cocoa while y...

Read More

Upper Lonsdale (City of North Van): Is This a Sign Of Things To Come?

Posted on Oct 24, 2023 in Hot Topics

City North Vancouver Upper Lonsdale rezoning
I was just driving the area as I do every couple of days to keep a close eye on any changes in the community, and I came across a sign that shows a local building applying to rezone 245 West 27th Street.

The property is a 50' wide lot and the rezoning application indicates the new owners are trying to zone the property where they could build two hou...

Read More

Can You Buy With a 5% Down Payment in British Columba, Canada?

Posted on Oct 23, 2023 in Real Estate

smallest down payment on house in canada

This information was pulled direction from CMHC's website (click here or above photo to view)...

What are the general requirements to qualify for homeowner mortgage loan insurance?

Find out which requirements you must meet to qualify for CMHC's Homeowner Mortgage Loan Insurance.
  • Th

    e home is located in Canada.

  • The purchase is not subject to any prohibit...

Read More

Home Purchase Cost Outline

Posted on Oct 23, 2023 in Real Estate



When buying a new home there are costs you need to consider.

DEPOSIT
You will need an initial deposit to secure your property.  This is usually between 5% and 10%.  There are always exceptions where it could be higher or lower.  

DOWN PAYMENT

Tax rates

There are three rates to consider when calculating your total property transfer tax a...

Read More

Renovated Condo Buyers: Be Sure To Get Full Indemnity Agreement

Posted on Oct 17, 2023 in Real Estate



When considering to buy a condo that is fully renovated, you will want to ensure all the improvements (renovations) are done with required permits and authorization. 

Be sure to include proof of such by including a subject clause that requires proof.  

This proof should come by way of an indemnity agreement. Any indemnity agreement will identify the wor...

Read More