- Is owning an investment property in Shawnigan Lake, British Columbia profitable?
- In order to be eligible for financing, you will need to meet certain requirements. These include:
Being 18 years old or older
Having valid ID that matches your name on file at the bank/mortgage firm
Having good credit history
If you qualify for mortgage assistance, you may receive additional benefits. For example, you could get help covering closing costs. If you have children under age 19 living at home, some banks offer mortgage assistance that covers school fees, daycare expenses, clothing allowances, and other child care needs. Some lenders even offer interest rate reductions for families who apply for mortgage assistance programs.
[IMAGE: Place Logo Of Mortgage Assistance Program ]
Mortgage Assistants are available through most financial institutions for both first and refinance mortgage loans. They work together with lending companies to find qualified borrowers.
When choosing a lender, you should consider several factors including whether they provide mortgage assistance; what types of mortgages they finance, and whether their rates match those offered by other lenders.
[IMAGE: LendUp Logo]
Lenders often charge higher interest rates than other sources of capital like friends and family members, but this isn't always true. Some people prefer to borrow from a friend because they trust him or her implicitly. Others feel comfortable dealing only with lenders who specialize in mortgage programs, since these firms tend to follow strict guidelines regarding loan eligibility that protect consumers from predatory practices.
Regardless of whom you select, it's wise to shop around before taking out a loan to avoid paying too high a price. When shopping around, keep track of your monthly payments so you'll know exactly which lender offers the lowest APR. Also, be sure to check with your lender about any special programs they've recently launched so you won't miss out on special deals.
- New Home Shawnigan Lake Buying 101
- Home search & property tour
1.) Research online real estate websites like Redfin, Trulia, Zillow, Realtor.ca, Real Estate Vancouver, Urbanation; use MLS listing information to find homes for sale. Visit local showings/open houses via sites like Facebook groups and view pictures through Instagram and YouTube. If possible try contacting sellers themselves first to learn more details about the house they are selling. Take advantage of the tools available to see comparable properties around Shawnigan lake area. Use apps like Streeteasy to see nearby market trends. Check nearby schools and amenities information like transit stations, grocery stores, parks and recreation centers available. Search within specific neighbourhoods to get detailed info from neighbours. Do some research about the neighbourhood before moving in.
View photos and floorplans of current and recently sold condos and single family homes in the Shawnigan lake area. Also consider asking friends who own newly built homes, whether they would recommend this community. Ask yourself “What is my personal style of living?” Do I prefer small spaces close to nature? Does size matter to me?
2.) Make a shortlist of potential communities to visit during a virtual drive along Shawnigan Lake. Consider factors such as location, proximity to work, school and transportation options, land value, cost and other features including water views, park land availability, community facilities. Once you decide upon a few locations check each site using Google maps to figure out which ones will be most accessible considering traffic patterns. View streetview images online and print out plans. Read reviews and ask neighbors about the community before visiting in person.
3.) Contact builders and agents during open hours, arrange appointments to see individual listings. Discuss building plans, square footage, upgrades, layout, financing specifics, timelines and costs. Find out about available incentives offered by developers. Meet and interact with builders personally during tours to determine suitability of project style and site for your needs. Compare similar projects, ask questions about price differences to narrow down choices. Negotiate prices with builder. Keep tabs on development schedules and track changes to ensure timeline adheres to expectations. Understand financial risks involved when choosing a developer and discuss contingencies should costs go above original estimates. Decide what type of finishes, appliances, fixtures and furniture to include according to requirements and desired lifestyle priorities.
4.) Request copies of sales contracts, legal documents, home warranty and other relevant paperwork from buyers to finalize purchase agreement. Review contract terms thoroughly noting deadlines, delivery points, warranties and conditions. Finalise closing dates and times depending on buyer preference. Sign official transfer papers with a notary. Pay deposit amount due after signing the Purchase Agreement and paying a deposit fee. Deposit funds must cover earnest money deposit plus 1% of total purchase offer price per seller plus another 2% of transaction fees paid to escrow service. Escrow service charges vary among cities. Buyer can pay balance in full using wire transfers or cheque payments (less than $50k). Otherwise pay with certified bank checks. For larger purchases wire transfer payment amounts usually range from 20%-30%. Wire transfer instructions will also appear in Sales Contract. Payment methods accepted includes cashier’s cheques, credit cards, debit cards...
- When buying a new home in British Columbia follow these steps
- In recent years, real estate values have continued to increase across B.C. and Canada, which makes owning property easier than ever before.
However, owning a piece of land isn’t always feasible or possible depending on location in Canada. If this sounds like you, then consider buying a condominium instead. They offer many benefits including security, affordability, flexibility and convenience.
But what exactly does “condos” mean? Well, they’re basically apartments in buildings built around common areas and facilities.
If you prefer living in a single detached residence, condos may be perfect choice because it gives you everything you love while giving you some extra space in case you ever expand your family.
Condos come in different shapes and sizes but usually consist of multiple units connected to each other. Some condos include one unit per floor whereas others feature several units on every level.
[IMAGE: Image showing condo layout]
When choosing a condo, keep these tips in mind:
1. Location is Key!
2. Ask About Maintenance Fee Waivers & Rent Deferrals
3. Consider Unit Types
4. Find Out More Information On Amenities And Features
5. Make Sure Your Budget Is Flexible Enough For Upgrades Or Downgrades
6. Don’t Wait Until Too Late To Start Looking
7. Checkout Our Top 10 List Of Things To Be Aware Of When Buying A Condo
8. Contact Us Today!
- How to find Your New Shawnigan Lake Home or Condo
- Shawnigan Lake, BC has experienced some growth since 2012, but not quite like other parts of Canada. In fact, while this coastal town only had around 2400 people living there back then, they added 25000 residents between 2016 and 2017—a 33% increase in population.
How did this happen? According to Statistics Canada, Canadians born outside of British Columbia are moving away from the province at such high rates because of higher affordability elsewhere in Canada.
So, should you buy a house in Shawnigan Lake? If you're planning on selling soon, yes. But buying isn't without the same risks associated with most Canadian real estate markets. And we've compiled five reasons we believe you shouldn't hesitate—buying in Shawnigan Lake will be worth your effort.
First, Canadian interest rates remain among the lowest in history, which makes mortgages relatively affordable. They haven't dropped below 3% in almost 10 years, making them cheaper than ever. This can easily save buyers upwards of $10K when using the average 20-year mortgage term.
Second, land prices continue to drop even after inflation. While many places experience price rises along city limits, in Shawnigan Lake, houses tend to stay steady. Add onto that the strong economy and employment opportunities available in nearby Vancouver, and the area could become increasingly attractive within a decade.
Third, the cost of building materials keeps falling across North America. From concrete foundations to laminate flooring, these costs keep declining each year and often times faster than wages. Because builders use less material during construction, more homes get built over fewer square feet per lot. But this trend is slowing down due to rising labor hours, leading to homes coming in under market value.
Finally, the local government gives tax credits for foreign purchases. These are usually offered until the end of 2018, giving you plenty of time to qualify. Also called First Time Buyer Credits, these incentives typically come with no documentation required except income taxes filed every quarter. However, these benefits aren't guaranteed once you go through purchase financing; lenders sometimes take longer payouts from governments. So, if the property falls within a certain criteria, you'll always find yourself competing against other qualified purchasers.
Blog Title: Top 5 Places To Invest Your Retirement Savings | 2020 Planning Tips
Blog description:: A blog post with tips to invest retirement savings. Here's my top 5 picks...
Featuring images: No
Section title: Where would you put your retirement savings? 5 places for 2020
Blog content:: 1. Stocks: Stock investing is probably going nowhere fast as long term interest rates rise. 2nd place stocks is still solid however. 3rd place is Gold. 4th place is cash so I'm putting those somewhere else..5th place is bonds. My portfolio includes 2x short term bond funds, an intermediate bond fund, a gold ETF. All held through Fidelity
3. Mutual Funds: We like this method better than individual stocks (if you understand risk). A mutual fund holds various companies together. It invests in different sectors so you are diversified across multiple industries. For example, I own both a small cap and large cap index fund...
- Why is British Columbia's Real Estate Market Booming?
- Are you planning to invest in real estate in 2022? If yes, then this article will show you some amazing opportunities available in Radium Hot Springs, British Columbia! We have compiled a few investment tips, which could help you get started investing in a great property like a new construction house in Canada.
This area offers a lot of potential and a good location for investors who wish to purchase homes for themselves or as rental properties. This region consists of many different communities including Shawnigan Lake, West Vancouver, English Bay, Radium Ridge and West Vancouver Northshore. These places are located near beautiful beaches, parks, golf courses, marinas and shopping areas.
Radium Hot Springs is known as “Canada's Playground" and attracts people from around world due to the natural wonders, warm weather, scenic beauty, and recreational amenities available. There are several attractions like hot springs, water slide, swimming pool and a spa center. People visit Radium Hot Springs because they enjoy spending leisure time on the beach, hiking through trails, relaxing in nature, fishing and swimming.
In fact, Radium Hot Springs has become one of the most popular vacation destinations in Canada in recent years. The city is famous for attracting tourists and locals alike with its breathtaking views, peaceful atmosphere and the many fun things to experience.
If you plan to buy a home in Radium Hot Springs, British Columbia, the first thing to consider is whether you would prefer to live on the coast or in a mountainous setting, depending upon your preference.
This region offers a wide range of options. Some buyers opt to stay close to town while other prefer a quieter lifestyle away from busy towns. However, you should be aware that living in these regions does entail certain requirements as well. For instance, it requires higher levels of maintenance and upkeep for the houses in Radium Hot Springs than those found elsewhere. If you decide to purchase a house in this community, it is highly recommended that you take up the opportunity to check out local schools in advance as well.
Another key consideration to keep in mind if you intend to live in the same place for long term is the availability of employment in the surrounding area. Many of the jobs in these locations are seasonal, but if you find yourself needing steady work during the summer months, then this might be something worth considering. Also, it is advisable to research the cost of renting versus buying a house if you plan to reside in Radium Hot Spring for longer periods of time.
- New Construction Investment Opportunities in Shawnigan Lake British Columbia
- Shawnigan Lake real estate market history provides detailed information regarding the price of homes sold. You’ll find this historical data easily accessible through the interactive map. In addition to listing the average sale price per square foot, you’ll be able to view the highest sales prices recorded since 2012.
In order to get started, simply enter any address (or select a property from the drop down menu) to see the available listings. If you prefer viewing properties individually rather than in groups, check out this handy tool. Clicking on each individual house will allow you to filter your search criteria accordingly. For example, you could narrow down searches on bedrooms, kitchen layouts, size, and price range. Once you’re satisfied, click “Show Properties”.
If you prefer searching via keywords instead of addresses, use our advanced keyword search feature. Simply type in words and phrases that describe what’s most important to you — like schools, water views, or proximity to shopping centres—and voila! Results appear instantly.
To learn more about Shawnigan Lake real estate trends, check out our comprehensive buyer & seller reports which provide real time data on active buyers, closed deals, price movements, inventory levels and more..
Finally for those seeking more specific details around the latest activity in Shawnigan Lake real estate, visit our local map page. Here you’ll discover the hottest communities, neighborhoods and streets in Shawnigan Lake. Check back often as updates happen every day.
Marketing Consultant / Writer / Speaker / Trainer / Researcher. Mark specializes in digital branding strategies including content development, web design, SEO/SEM campaigns and online reputation management services. He's currently helping clients build better brands online while he continues his own personal journey towards online self sufficiency. Find him on LinkedIN | Twitter | YouTube
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Hey guys! I am happy to tell everyone today i got my 1st job after 3yrs of studying,i was hired last week at a leading bank in Lagos.I just wanted to thanks everybody who helped me achieve this feat.My God bless them all…...
- Examining Real Estate Market History in British Columbia
- If you love spending quality time near nature but hate commuting during work hours, you should consider buying land in a remote location like Shawnigan Lake. If you decide to move away from Vancouver, you won’t be able to experience city life while still being close enough to everything you enjoy.
But that does not mean that Shawnigan Lakeside Village will be deserted anytime soon; this little town was built specifically because people wanted to settle down there so that they could escape urban chaos without having to leave behind their jobs and friends.
Shawnigan Lakeside Village is located on the east coast of BC, on Vancouver Island. Its main attractions include hiking trails and beaches.
This beautiful place is ideal for families who enjoy outdoor sports like fishing, swimming, hiking, camping, horseback riding, snowmobiling, mountain biking, golfing, hunting/fishing, boating, water skiing, sailing, kayaking, rafting, surfing, and so many other recreational pursuits.
For those who prefer less active outdoor hobbies, Shawnigan Lake offers excellent opportunities for sightseeing and shopping at several local stores. These shops sell anything a person needs including groceries, clothing, electronics, arts & crafts, sporting goods, health products, gifts, books, music, video games, toys, pets supplies, furniture, tools, household appliances, housewares, jewelry, antiques, plants, flowers, and just about every type of product under the sun. There are also lots of services available such as medical care, dental care, hair salons, beauty parlors, nail salons, massage therapists, yoga studios, coffee houses, restaurants, cafes, bakeries, bookstores, banks, drugstores, hardware stores, liquor stores, florists, grocery stores, pet supply chains, post office branches, clothing boutiques, auto repair centers, and gas stations.
Shopping around the area will enable buyers to purchase their own homes in Shawnigan Lake. If you have no idea what property looks like in Shawnigan Lake then check out these images below to get a glimpse of what living there would entail.
These pictures show different types of properties that you could buy in the community. But remember that each house is unique and some of them offer more space than others. Check out these amazing real estate listings in Shawnigan Lake, British Columbia!
[IMAGE: House 1 | Photo Credit: http://www.xontoit.com ]
[IMAGE: House 2 | Photo Credit: https://www.homesnaptonight.ca/homebuyerapplications_shawniganslake.html ]
[IMAGE: Apartment Unit | Photo Courtesy = [https://realtoradsalebc.wordpress.com/2019/03/05/shawniganslake-apartments-for-rent-2/#comment-166944][https://realtoradsalebc.files.wordpress.com/2020/01/shawniganslake-apartments-for-rent1-1024x683.jpg]](https://realtoradsalebc.files.wordpress.com/2020/01/shawniganslake-apartments-for-...
- Getting approved for your New Home Purchase in Shawnigan Lake, British Columbia
- Shawnigan Lake is located just outside the Greater Vancouver Area. The community provides excellent amenities such as schools, shopping, transportation, parks, hospitals, restaurants, entertainment opportunities, cultural attractions, and recreational facilities. There are several residential communities including South Hill Park, Riverstone Estate Townhomes and Pinnacle Ridge Condos & HOA; as well as single family homes in various stages of development along the shoreline near the Fraser River.
The area offers great rental potential since most properties in the area already have tenants. Many residents enjoy spending time outdoors either boating, fishing, swimming and hiking. For those who love being close to nature, the nearby Kootenay National Park is perfect for camping, day hikes and cross country skiing during winter months. A short drive away is the Rocky Mountaineer Pacific Railway which runs through scenic mountains, lakes, forests and waterfalls providing plenty of outdoor adventure options.
If you are interested in investing in real estate please visit my website https://www.xondonow.ca/investing
XonDo is Canada's leading online brokerage company operating websites for over 1 million Canadian households. We provide Canadians across North America with comprehensive financial planning tools, calculators, reports, mortgages, insurance products and other services through innovative interactive technology solutions. Our mission is to help people achieve their life goals while living comfortably and securely every step of the way.
Websites: getyourguide.co and www.goguide.cc
Blog Titles: What Will Be Your Life Goal By 2025? | An Analysis Of 2019 And 2020 As Compared To 2018 & 2017
Blog Descriptions: Here are some predictions about your life in 2025! Learn the changes in lifestyle and career path in these years.
What will be your Life Goal By 2025? Find answers below...
1) Personal Goals in 2023:- A lot changed in personal goals this year. People are more conscious towards their finances and hence they started saving regularly. They wanted to improve their current lifestyles rather than buying expensive stuffs like cars and houses. These goals include buying better homes and offices, traveling around different countries, setting up business or opening a restaurant. Also, women preferred dressing up according to events and occasions rather than wearing casual clothes. Some men have found jobs related to their interests and hobbies.
2) Career Path Changes in 2024:- Most of us had been working since childhood but few decided to leave behind conventional corporate careers and pursue self employment or freelancing. For example, more than 60% of people quit their 9 to 5 job and worked full-time freelancer to pay back debts. Others went ahead to start own companies without any capital to invest. Freelancers made $10 billion as income in 2016, which was only 8% less than the total workforce compensation. Hence, freelance work turned out to be lucrative for many individuals. But still, majority chose traditional corporate jobs due to stability offered and good earning prospects. However, these trends might slow down soon. According to LinkedIn study, freelancing is likely to become main profession in next 10 years.
3) Businesses Goals in 2024:- Starting up small business is slowly becoming popular among young professionals...
- What makes Xondo British Columbia's Most Convenient New Condo/Home Buying Platform?
- Shawnigan Lakes real estate market has seen its growth rate drop substantially since 2007 but continues to see steady gains. As well, Shawnigan Lakes' population is increasing every year, making this area the most convenient place to raise families in Canada.
In fact, according to statistics provided by Statistics Canada, Shawnigan Lakes was rated among "the top 10 places" for quality of life, health care, education services and employment opportunities for young people aged 25–44 years old in 2016. In addition, Shawnigan Lakes was considered as "a great place to live", especially due to its mild weather conditions, short commute times and beautiful surroundings.
XONDO aims to bring convenience and simplicity to the buyers through offering them a unique search tool called XCONNECT™ which connects potential sellers and homes across multiple channels including MLS® System®, private listings sites like Trulia® Real Estate, Zolo®, Realtytrac®, Redfin™, Open House®and more. Users will be able to easily save searches, view details on properties, apply to jobs & get alerts via email/text whenever something changes in their saved listing(s). Additionally, they would receive relevant offers from local vendors (from appliance sales to landscaping services), while at the same time saving time because they won't have to manually go online to check each seller's website one by one in order to find available deals. These new features allow XONDO users to spend less time browsing houses and more time searching for them, ultimately helping to connect potential buyers with more suitable properties.
To learn more about the benefits of owning a house in Shawnigan Lakes and other communities around North Vancouver, please contact us today.
- How Xondo makes Home Buying & New Construction Investing in Shawnigan Lake Easy?
- Home ownership isn't dead just because millennials aren’t buying homes anymore; they are choosing rental apartments instead due to high costs associated with owning a property. According to data released by realtor.ca, average prices of condos in Vancouver are rising rapidly while rents across Canada continue soaring, making renting an affordable alternative for many millennial buyers looking for properties without incurring huge mortgage payments.
And although this shift away from homeownership might mean fewer houses will go onto the market, they won’t necessarily stay empty forever—many investors would prefer a house which they already own rather than rent one. So who better to help these people find a great place to invest then real estate agents like XONDO who specialize exclusively in helping first time home buyers become the proud owners of their dream Vancouver homes.
XONDO's Shawnigan Lake Property Search includes everything on the market including homes for sale, preconstruction projects as well as commercial spaces for lease. All listings contain detailed information on how each listing stands against other similar units available on the market at the moment.
[IMAGE: Location Map of Shawnigan Lakes Area]
- How To Make Money On a New Home or Condo Purchases in Shawnigan Lake, British Columbia
- If you love Shawnigan Lake real estate market and ready to invest and buy a luxury property, then this short article will help you find affordable condos in Shawnigan Lake area.
When buying high end properties, like luxurious condos in Shawnigan Lake, BC, buyers often ask us “How can I afford those types of prices?”
For people who live in places with lower cost of living, investing in expensive homes isn't feasible. But if you live somewhere that doesn’t meet your criteria, you shouldn’t worry because the Canadian housing markets offer many options for investors including low rate mortgages, mortgage insurance, tax deductions for certain investments, multiple financing programs, and more. If you're interested in these options, read below and contact me today for a free quote, no obligation required.
Shawnigan Lakes Real Estate Prices Continue Increasing
According to Shaun Hargrove, a member of RE/MAX of Vancouver's sales team, "the higher resale market continues to show significant gains." He adds, "In most cases, houses sold above asking price without negotiation; however some sellers decided to negotiate slightly." Some experts believe that rising interest rates could cause house prices to drop around 5% next year while other analysts say they expect continued growth through 2024. As always, call my office at 778.929.0303 and get started today!
What Can I Afford When Buying Luxury Homes in Shawnigan Lake Area?
First things first, you must decide whether you want to purchase a luxury home or condo. For example, a $1 million dollar mansion would be considered a luxury home but a 4 bedroom 2 bathroom 1 car garage priced under $800000 would be considered a condo rather than a luxury residence. Secondly, understand exactly how much money you want to spend. A good rule of thumb is to keep the monthly payment amount equal or less than 30 per cent of your total annual income. Also consider taking advantage of available government backed loans and grants to finance part or all of your downpayment expenses. Finally, ensure you factor in both capital gains taxes and provincial land transfer duty fees which vary depending on the province in which you reside.
Do Your Research Before Applying for Government Loans & Grants
Some provinces allow individuals to apply for various forms of assistance financing a downpayment or closing costs. However, each province requires individual applicants to submit additional documentation to support their request for financial aid.
Here are just a few examples of popular financing opportunities offered by governments across Canada:
Federal Tax Credits:
• Mortgage Insurance Premium Credit ($2550 for 2017 tax returns). Claiming this credit reduces the government premium paid to insure the loan against default. An effective way to reduce your principal balance is to use it on closing costs instead of PMI premiums.
• Capital Gains Exemptions for Non-Residential Properties Up To $500 000 [CA]. Each residential owner gets exemptions of $2500 for non-residential assets, regardless of value. There is no limit on the amount for commercial properties.
Other Federal Programs Available Across Canada Including Provincial Land Transfer Duty Fees & Sales Taxes:
• Non-Interest Financing Assistance Program [NIRAFAP] &...