by Austin Towne | Feb 3, 2021 | Buying, Market News, Selling
Ever wonder how working from home is affecting the Real Estate Industry? Since the beginning of the COVID-19 pandemic, employers have either strongly encouraged or mandated their employees to work from home. Almost a year later, and that is still the case for most....
by Austin Towne | Jun 16, 2020 | Buying, Market News
WHAT IS MORTGAGE DEFAULT INSURANCE? Mortgage default insurance, which is commonly referred to as CMHC insurance or just mortgage insurance, is mandatory in Canada for down payments between 5% (the minimum in Canada) and 19.99%. Mortgage default insurance protects...
by Austin Towne | May 13, 2020 | Buying, Market News
If your thinking about purchasing a brand new home, (or one that is substantially renovated click here for more info on renovated homes ) You are also going to want to think about GST! What is GST? The goods and services tax (GST) is a value added tax introduced in...
by Austin Towne | Apr 30, 2020 | Buying, Market News
WHAT YOU NEED TO KNOW ABOUT PROPERTY TRANSFER TAX First off, what is property transfer tax? Property transfer tax (PTT) was introduced in 1987, when the average price of a Vancouver home was about $150,000, in order to tax speculation on high-end properties. It is...
by Austin Towne | Sep 9, 2019 | Buying, Market News
What is The CMHC First-Time Homebuyer Incentive? It is a $1.25 billion fund administered by the Canadian Mortgage and Housing Corporation (CMHC) over three years will provide 5% of the cost of an existing home and 10% of the price of a new home through what amounts...
