Articles

Property tax deferment is a loan from the BC government that pays your annual property taxes for you. You keep your home and your title, ...

A private mortgage is a loan from an individual investor or a mortgage investment corporation rather than a bank. They lend on the property, not ...

Sometimes, but far less often than the internet suggests. Can You Assume a Mortgage in BC? (Short Answer) Technically, most fixed rate mortgages in Canada ...

Yes, slightly. A mortgage pre approval triggers a hard inquiry, which typically costs 5 to 8 points and fades within a few months. Does Pre ...

The stress test rule has not changed: you must qualify at the greater of your contract rate plus 2%, or 5.25%. What Rate Do You ...

Three dates sit at the bottom of every BC contract of purchase and sale, and they do three different jobs. Completion, Possession and Adjustment: The ...

Title insurance is a one time premium, usually $250 to $700, that protects you against problems with your ownership of the property: title fraud, undisclosed ...

A Property Disclosure Statement, or PDS, is a form where the seller answers roughly fifty yes or no questions about the property, based on what ...

A depreciation report is a professional forecast of every major component in a strata building, what it costs to replace, when it needs replacing, and ...

A Form B, officially the Information Certificate, is the strata corporation’s official snapshot of one specific unit and the building it sits in. It tells ...

BC Property Transfer Tax is charged on the fair market value of the property, in brackets: 1% on the first $200,000, 2% up to $2 ...

With freehold you own the land and the building forever. With leasehold you own the building and the right to use the land for a ...