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Leasehold: Own a Home (But Not the Land It’s On)

What if you could shave a hundred thousand or more off the typical asking price of the home you want? What if you could do this in a central neighbourhood, in a more spacious unit, perhaps one with a view? It’s possible. The only catch? You won’t own the land ...

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TIPS ON BUYING YOUR FIRST HOME

Make a list of all the features you want in your new home such as number of bedrooms, bathrooms, proximity to schools, shopping and workplace. Be sure you can afford your home. Your monthly housing costs should not be more than 32% of your gross monthly income and your entire ...

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BC Assessments Vs. What Your Home is Truly Worth

The dollar figure on your provincial property assessment notice should not be taken as your home’s true market value. BC Assessment notices have arrived in the mail, giving some homeowners a big smile and a bit more spring in their step (increased property taxes aside), while others wilt and lament ...

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Buyer Beware: 5 Bylaws to Watch When Buying a Condo

Buying a condo? The legal doctrine of caveat emptor (“let the buyer beware”) continues to apply to real estate transactions in BC today, and can have the effect of denying the buyer a remedy for defects and deficiencies discovered in the property after purchase. In general, the onus is on ...

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