“You’re gorgeous, baby, you’re sophisticated, you live well…Vancouver is Manhattan with mountains. It’s a liquid city, a tomorrow city, equal parts India, China, England, France and the Pacific Northwest. It’s the cool North American sibling.” - The New York Times

Events

If you're somewhat familiar with real estate, then you must have heard of the term "assignments". But, do you know what that term means in the real estate world (No, they're not what your teacher assigns you in school). 


Assignment Definition

An assignment is a transaction between the assignor (the original buyer of the property) and the assignee (the new buyer of the property). The assignor and assignee enter a contract in which the assignee will take over the rights & obligations of the...

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In the recent years, there has been a lot of talk about how Surrey is growing rapidly, and will soon have a larger population than the City of Vancouver!


According to recent statistics, the largest city in British Columbia is still Vancouver with approximately 672,963 followed by Surrey with 569,065 who is just ahead of Burnaby at 248,476. Surrey is also projected to introduce over 185,000 new jobs, and 400,00 new residents, along with their neighbour, Langley. 


Here's some reasons why Surrey...

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There has been talk of a new ski resort project planned just North of Squamish on Brohm Ridge. Currently, the project is named Garibaldi at Squamish (GAS), but is yet to be renamed. 


"One Main Village is proposed, with hotels, restaurants and commercial spaces that will serve visitors and residents alike. Our priority is to ensure the needs of local families and businesses are considered during the design process"

- Rod MacLeod, Vice President Planning (GAS)

This $3.5 billion project recently...

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The Canadian Federal government just announced their new Federal budget incentive that could help first-time homebuyers with their mortgage. This new incentive is to try to help the housing affordability crisis in many cities in Canada, such as Vancouver and Toronto. 


Home-buyers are still required to have at least 5% down payment for the home, but they would have a 10% incentive provided by the Canada Mortgage and Housing Corporation (CMHC) if it's a new home, or 5% if it's a resale. 

...
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When it comes to real estate, there's A LOT of jargon in the industry. It can be quite overwhelming during your real-estate journey when you encounter all these unfamiliar words, which is why we're here to tell you the differences between all these types of property ownership. In Canada, there are 4 common types of property ownership which include:

  • Freehold
  • Leasehold
  • Strata 
  • Co-Op

Freeholds

Freeholds are the most common type of property ownership, and also the most popular. It's the...
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