Understanding Depreciation Reports: What They Are, Why They Matter, and How to Read Them
Posted on Nov 06, 2024
The Cost of Selling a Home
Posted on Oct 06, 2024
Selling a home is an exciting time—whether you're upgrading to a larger space, downsizing, or embarking on a new chapter in life. However, it's important to be aware of the various costs associated with selling a home in British Columbia. While the sale price may seem like a big win, several expenses can impact your final profit. Let’s break down t...
Property Transfer Tax: How Much Will You Have to Pay?
Posted on Sep 04, 2024
When you buy real estate in British Columbia, one of the costs you'll encounter is the Property Transfer Tax (PTT). Whether you're a first-time homebuyer or an experienced real estate investor, understanding this tax is crucial for planning your purchase. Today, I'll break down what the Property Transfer Tax is, who needs to pay it, when it’s due...
The Cost of Buying a Home
Posted on Aug 08, 2024
Purchasing a home is a significant milestone and investment, particularly in British Columbia, where the real estate market is vibrant and dynamic. While it’s easy to get caught up in the excitement of owning a home, it's crucial to be aware of the various costs involved beyond the purchase price. Here, I’ll take you through all the major expenses...
Should You Buy First or Sell First?
Posted on Jul 11, 2024
Today, let’s tackle one of the classic conundrums in real estate: should you buy a new home before you sell your current one, or is it wiser to sell first and then buy? There is no correct answer to this question since the choice will rely heavily on your personal situation and the current market conditions, however, both options have pros and cons...
Renting vs. Buying: Is the 5% Rule Still Relevant?
Posted on Jun 05, 2024
Deciding to buy a home or continue to rent is a big decision that requires a thorough financial analysis. However, a simple rule of thumb called the 5% Rule is often referenced in these discussions as a tool to quickly and easily assess if buying a home would be more financially beneficial than renting. I first read about the 5% rule when Benjamin...
