Found 14 blog entries tagged as vancouver real estate.

Should You Rent or Buy?

It is ultimately up to you to decide whether buying or renting a house is a good idea for your personal situation. There are many factors to consider, such as the current state of the housing market, your financial situation, and your personal preferences. 

If you are able to afford a home and are ready to take on the responsibilities of homeownership, it may be a good idea to consider buying a house. However, it is important to thoroughly research the market and consult with real estate professionals to make an informed decision.

Owning your own home can provide many benefits, including:

  1. Stability and security: Owning a home can provide a sense of stability and security, as you will have a fixed place to live…

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Buying Your First Investment Property

If you're looking to buy your first investment property, there are a few steps you'll need to take. First, you'll need to save up for a down payment, which is typically 20% of the property's purchase price. Once you have the down payment, you'll need to get pre-approved for a mortgage from a lender. This will involve providing proof of your income, assets, and credit history to the lender.

Once you have your mortgage pre-approval, you can start looking for properties that fit your investment goals and budget. You'll want to consider factors such as the location, property type, and potential rental income when choosing a property.

When you find a property you're interested in, you'll need to make an offer and…

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Residential vs Commercial Investment Property

Residential and commercial real estate are two different types of property that can be invested in. Residential real estate refers to properties that are used for living, such as single-family homes, apartments, and townhouses. Commercial real estate, on the other hand, refers to properties that are used for business purposes, such as office buildings, retail spaces, and industrial warehouses.

One of the main differences between residential and commercial real estate is the potential for rental income. With residential real estate, you may be able to generate rental income by leasing the property to tenants. With commercial real estate, the potential for rental income is generally higher, as commercial…

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Strata Rental Restriction Lifted.

Age restriction rules for aged below 55 removed.

Ministry of Attorney General and Housing details:

No strata rental-restriction bylaws allowed (Nov 24, 2022) As of November 24, 2022, no strata corporation or section is allowed to have a residential rental-restriction bylaw. All strata rental-restriction bylaws are invalid. (Note: no strata bylaw changes are required as provincial legislation changed). Short-term rental strata bylaws are allowed and a strata corporation or section may have, or create, a bylaw banning or limiting short-term rentals.

Reference (Nov 27, 2022): Progress of Bills, 3rd Session, 42nd Parliament (2022); Bill 44, Building and Strata Statues Amendment Act.

Strata…

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