Canadian Mortgages vs. American Mortgages – Part II

In my previous blog about Canadian mortgages vs. American mortgages, I went over a few of the more important issues you will run into buying south of the border. This includes amortization periods, fixed-interest rates, and the differences between the no-recourse and recourse states. I’m going to try and cover what are the more important points remaining, but, as always, you should consult with a trusted professional before going out and making a purchase. NON-RECOURSE STATES It’s true that the waters tend to get a little murky on the topic […]

Atrina Kouroshnia November 6, 2017 Post Comment

Canadian Mortgages vs. American Mortgages – Part I

There are a lot of reasons to be interested in Canadian versus American home mortgages these days. Not only do our respective economies have great influence on one another, Canadians hold the number one spot for foreign housing investment south of the border. There are, however some very real differences to be mindful of. So, whether you’re thinking of becoming a snowbird or simply want an investment property, here’s some information to get you started. AMORTIZATION & FIXED RATE MORTGAGES As published by Which Mortgage, known as Canada’s only independent […]

Atrina Kouroshnia November 3, 2017 Post Comment

Buying your home from your landlord – Viable Option In Vancouver’s Overheated Real Estate Market?

Ballooning real estate prices in Vancouver have seen an increasing number of property owners eager to cash in for a substantial profit. That means more and more renters are finding themselves with an interesting quandary: hunt down a new place to rent, or toss their hat in the ring and buy the property they’re in. Renting to own, is this a viable option in Vancouver’s overheated real estate market? For those currently house hunting in the west coast wonderland, it’s an enviable position to find yourself already living in the […]

Atrina Kouroshnia October 26, 2017 Post Comment

Buy or Bi-Coastal?

Why Being Jet Set Doesn’t Have to be a Hotel Sentence If your work life requires you to be bicoastal, you’re in good company. Former US President Barack Obama and family are now the proud owners of a California estate and a spread in Washington, DC. But even if you don’t have the means or the reputation that comes with a posse of helping hands, being bicoastal does not have to be a hotel sentence forever. With an ever-increasing number of people joining the ranks (whether by choice or necessity), […]

Atrina Kouroshnia October 16, 2017 Post Comment

As Your Life Changes, So Do Your Home Needs

Recently I wrote a blog about starter homes vs. forever homes. What I didn’t mention at the time was the disappointment many of my clients have felt when faced with the reality of what they can actually afford. It’s usually about this time too–when I’m watching a client stare down the reality of buying a studio apartment on the east side instead of a semi-detached home in the West End–that I tell them to remember one thing: as your life changes, so do your home needs. Here’s a look at […]

Atrina Kouroshnia September 28, 2017 Post Comment

Starter Homes vs. Forever Homes

Buy a starter home today and save for a forever home tomorrow? Or make the leap into your dream house at all costs (literally)? From a great investment to an archaic philosophy, opinions on starter homes vs. forever homes vary considerably and rightly so. With home prices on the rise, frozen salaries, and limited investment options, this age-old debate is experiencing a modern twist. Your Starter Home May Not Lead To A Forever Home (In Vancouver) If you’re going to make a decision between a starter home vs. a forever […]

Atrina Kouroshnia September 18, 2017 1 comment

How Leaseholds & Community Land Trusts Are Holding Up

With so few options available to those who wish to live in metro Vancouver–either due to unmet demand or financial restrictions (read: dizzying real estate prices)–leaseholds are an option I seem to be revisiting more and more these days. So I thought it would be important to take a look at some of the issues surrounding these properties, as well as the current landscape for those interested in leaseholds as an option to freehold properties. THE BASICS If you’re not sure what a leasehold is, or need more basic information […]

Atrina Kouroshnia September 7, 2017 Post Comment

Toronto’s Foreign Buyer Tax on Real Estate

After blizzards of headlines over the last few years, Vancouver real estate is no longer the only dog and pony show around. With a highly inflated housing market where a home will cost you more than 11 times the average median total family income, Toronto is keen to adopt policies that will stunt a further frenzy. The answer? Among other measures, Toronto is also on board with Vancouver’s 15% foreign buyer tax. It is still too early to know if it will it curb the appetite for real estate in […]

New Rules From BC’s Mortgage Broker Regulator & How They Affect You

Leave it to the BC real estate market to rattle some cages. Only this time, it’s BC’s mortgage broker regulator, FICOM, that has its hands on the bars. Described as “contentious,” FICOM’s new compensation disclosure guideline has now been in effect for 1.5 months. In broad terms, it changes the disclosure form to show you how much commission is being paid to your broker. And we’re talking about to the penny here folks. See the new rules from BC’s mortgage broker regulator and how they affect you below. Described by […]

The Future of Van City – Where We’ve Been & Where We’re Going

As is made clear by a quick overview of Vancouver’s last 40 years, the future of our city depends largely on how we continue to tackle our urban planning. With every decision having consequences across multiple areas, let’s hope that whoever takes power in the 2017 election knows that what’s good for the goose is good for the gander. IT STARTED IN THE 60’s Way back in the late 60’s, Vancouver developed a crush on the word liveability; and with good reason, too. Experiencing a mass exodus of families from […]

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