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...

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...

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...

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...