Buying, Selling, or Investing? just have some questions? Just ask! We're here to help.
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FAQ
BUYING A HOME
Do I need to be pre-approved before I start looking at homes?
You don't have to be, but it's strongly recommended. Sellers take pre-approved buyers more seriously, and in a competitive situation a pre-approval can be the difference between your offer being considered or passed over. Most lenders can turn around a pre-approval within 3 days — it costs nothing and puts you in a much stronger position from the start.
How much do I need for a down payment in BC?
The minimum down payment in Canada is 5% on the first $500,000 of the purchase price, and 10% on any portion above that up to $1.5 million. Homes over $1.5 million require a minimum of 20% down. Any purchase with less than 20% down requires mortgage default insurance, which protects your lender — not you — and adds a premium to your mortgage. The more you put down, the less you borrow and the less you pay in interest over time.
Are there programs to help first-time buyers in BC?
Yes — and they're worth knowing about before you start. The BC Property Transfer Tax exemption can eliminate thousands of dollars in closing costs for qualifying first-time buyers. Federally, the Home Buyers' Plan lets you withdraw from your RRSP tax-free toward a first home purchase, and the First Home Savings Account (FHSA) is one of the most powerful savings tools available — contributions are tax-deductible and withdrawals for a first home are completely tax-free. There's also a federal First-Time Home Buyers' Tax Credit that provides a modest rebate after purchase. Eligibility thresholds and program rules can change, so we always recommend connecting with a mortgage professional early to make sure you're taking full advantage of what's available.
What should I know about buying a strata property in BC?
Strata properties — condos and townhouses — come with monthly strata fees, bylaws, and a set of documents worth reviewing carefully before you firm up. Key things to look for include the depreciation report, the contingency reserve fund balance, any upcoming special levies, and restrictions around pets and rentals. We walk every strata buyer through these documents so nothing catches you off guard after the sale is done.
SELLING A HOME
How do you determine the right listing price for my home?
We start with a Comparative Market Analysis — a detailed look at what comparable homes in your area have actually sold for, not just what they were listed at. We factor in your home's condition, location, updates, and the current inventory landscape. Pricing strategically from day one consistently drives better outcomes than starting high and reducing. We give you an honest picture of the market and a pricing strategy built around your goals.
What do I need to do to prepare my home for sale?
The basics go a long way: declutter, deep clean, and depersonalize so buyers can picture themselves in the space. Small touches — fresh paint where it's needed, tidy landscaping, good lighting — can make a real difference in how your home photographs and shows. Before you spend a dollar on anything, let us walk through the home with you. We'll tell you exactly what's worth doing and what isn't, so you're not putting time or money into things that won't move the needle for buyers.
What costs should I expect when selling my home in BC?
The main costs are real estate commission, legal fees, and any mortgage discharge penalties if applicable. There is no capital gains tax on the sale of your principal residence in Canada. Before you list, we provide a detailed net sheet — a clear breakdown of your estimated proceeds at various sale prices — so you know exactly what to expect at closing with no surprises.
What is a free home evaluation and why does it matter?
A home evaluation is a no-obligation assessment of your home's current market value based on recent comparable sales, your home's condition, and where the market sits right now. It gives you a realistic picture before you commit to anything — and it's the foundation of a smart pricing strategy. We offer complimentary home evaluations with no pressure and no obligation. It's simply the right place to start.
