CMHC Incentive - Qualifying first time home Buyers ONLY Need 5% Down. 

So if you purchase a home for $450,000, you will only need to put down  $22,500.  Purchase for  $500,000 =  $25,000 down, etc...

First Home Savings Account - Qualifing First time home Buyers can contribute up to $8,000 yearly to a maximum of $40,000 towards a down payment.  Contributions are tax deductible.

HBP ( Home Buyers' Plan) Qualifying Home Buyers can withdraw up to $35,000 (couples up to $70,000) from their RRSP's for a down payment. Must repay within 15 years.  Eligibility to use the program a second time...

Reach out.  I woul love to help you make the right move, towards home ownership.  You can do it!

The latest housing assessment figures in British Columbia show residential property markets softening across the province, but analysts say it may not bode well for affordability in the coming year.

The concerns stem largely from the potential drop in interest rates later this year, which may spur homebuying activity while housing supply remains limited, driving up prices.

Contact me for a customized analysis.  I look forward to hearing from you!

Are you looking for a new home or presale development in South Surrey?

Why choose South Surrey?  Well, why wouldn't you?  It is a great place to live and call home.  Enjoy an active lifestyle with all the parks, trails, beaches, great schools, golf courses, gyms, recreation centres, aquatic centre, community centres, restaurants, shopping, big box stores, outlet malls, and a real sense of community.  South Surrey has something for everyone.  From Crescent Beach to Pacific Douglas we have homes that suit every lifestyle.  Urban to organic settings.  I have happily called many neighbourhoods in South Surrey home for the past 20 years!

Sandwiched between Hwy 99, and Hwy 15 (176th Street), you have many options to get into the city or to travel East into the Valley and beyond.  With the US Peace Arch border minutes away. You have lots of options for day trips. 

Although no need to travel far as you will also be minutes from beautiful White Rock beach and the iconic pier (Canada's longest pier). Stroll the 5 klm promenade or walk along the beach.  Bring your dogs (not allowed on the pier or the promenade during the summer months) but always allowed on the beach.  Grab an ice cream, gelato, or coffee from the many cafe's and ice cream palors.  Or sit on one of the many patios and bask in the sun and enjoy the views (especially the gorgeous sunsets).  Also famous for all the great fish-n-chips eateries in East Beach!

Many options to review:

Chelsea at the Boroughs Grandview

The Loop in Grandview

Glenmont Pacific Douglas

Sunnyside Homes Sunnyside

Edgewood Grandview

Southhaven King George Corridor

Enclave Grandview

Fox and Aikins Grandview

Douglas Green Pacific Douglas

Please contact me for availability, estimated completion dates, floor plans, deposit schedule and to learn more about features and benefits.

I look forward to being your guide in purchasing your New Home in South Surrey - Welcome Home!

Should I Buy a House Now or Wait?

Yes, you should buy a house now if you’re financially ready. Mortgage interest rates are high right now, but we don’t know for sure when they’ll go back down—the next bank of Canada interest rate announcement will be on January 24th, 2024. Most predictions indicate that it will be held at 5.00%

We do know, though, that housing prices will keep going up (like they always have). So, your best bet is to buy now and lock in your home’s price before housing costs increase even more. Then, if interest rates do go down in a year, you can refinance to a lower rate.

Plus, because interest rates are high right now, fewer people are buying, which means you won’t have as much competition when you make offers.

However, you should only buy a house if you’re prepared financially and have done the due diligence in getting pre-approved.

Please reach out.  I am very passionate about what I do, and I would love to help make your real estate dreams a reality!  Let's connect.

Why Purchase a home with a mortgage helper?

Renting out part of your home offers significant financial gains, and is encouraged by the Canada Mortgage and Housing Corporation (CMHC), for being an effective contributor to affordable rental housing. For example, the Crown Corporation estimates secondary suites account for one fifth of all rental supply in Vancouver, a city with nearly zero (0.6%) rental vacancies.

“Not only are secondary suites a source of affordable rental housing, they can also provide the needed extra income to first-time buyers for whom that additional income makes housing affordable in high-cost areas,” the CMHC states on its website. In September 2015, it also passed new rules to make it easier for landlord homeowners to qualify for loans and mortgages – 100% of gross rental income can now be included as part of their debt-servicing ratio.

While that’s a big plus for buyers who are looking for the additional help qualifying, the CMHC points out that income suites are also a great option for retirees who may not wish to downsize & leave their family homes. “For older households who no longer need a larger house, the addition of a suite can generate needed income and security, as well as allow them to continue to live in their neighbourhoods and age in place,” it states.

However, you’ll be sharing your home with other people, and that’s not for everyone. Be sure you're willing to tolerate things that go bump in the day and night.  It is important to do your research on what you will need and what to expect as a landlord.

Please reach out for more information.  I would love to be of assistance in helping you reach your real estate goals.

Choose the right time of year to look for a new home.

January is the best time to make an offer on a home. Not many buyers want to brave the cold to shop for a home, so prices are the lowest. Properties also take longer to sell. This means sellers are more likely to accept a lower offer.

Please go to the link below and see the quick search links for detached homes under 1.3K, or attached homes under 800K in White Rock South Surrey Neighbourhoods. Or feel free to create your own customized search!

https://whiterockviews.ca/home-buyer-search.html

I look forward to being of assistance.