CONGRATULATIONS, YOU’RE A HOME OWNER!
Rita Cousins • June 14, 2019
GIVE YOURSELF A PAT ON THE BACK. YOUR OFFER HAS BEEN ACCEPTED AND YOUR HOME WILL BE CLOSING SOON. NOW WHAT?
- Find a safe spot for any home-related bills as well as your current mortgage documents. It’s a good idea to also keep proof of your down-payment.
- Once you move in there will also be on-going costs such as property tax or condo fees, utility set-up fees and home and fire insurance.
- Life is full of surprises - check out the advantages of a life insurance policy. Find a safe spot for any home-related bills as well as your current mortgage documents. It’s a good idea to also keep proof of your down-payment.
- As there will be some costs associated with closing, be sure to put money aside to cover things like home loan insurance, land transfer tax, and legal fees.
- Remember your mortgage qualification was based on your income, so if you’re planning a career switch or going on maternity/paternity leave, let your agent know.
ANY QUESTIONS, PLEASE GIVE ME A CALL.
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Homebuyers in Metro Vancouver are sitting on the sidelines despite market conditions tipping in their favour, according to the latest data from the Greater Vancouver Realtors (GVR). Residential home sales in March 2025 totalled just 2,091—down 13.4 per cent from March 2024 and 36.8 per cent below the 10-year seasonal average. It marked the slowest March for sales since 2019. Active listings climbing to highest levels seen in a decade At the same time, active listings reached levels not seen in nearly a decade. New listings for detached, attached and apartment properties were up 29 per cent year-over-year to 6,455—a 15.8 per cent increase over the 10-year average. Total active listings on the MLS reached 14,546, up 37.9 per cent compared to March 2024 and 44.9 per cent above the seasonal average. “If we can set aside the political and economic uncertainty tied to the new U.S. administration for a moment, buyers in Metro Vancouver haven’t seen market conditions this favourable in years,” said Andrew Lis, GVR’s director of economics and data analytics. “Prices have eased from recent highs, mortgage rates are among the lowest we’ve seen in years, and there are more active listings on the MLS than we’ve seen in almost a decade.” Read More
