Archive for the ‘Uncategorized’ Category

New Strata Insurance Subject

Posted on: February 18th,2020 By Realtor

Subject to: (A) the Buyer reviewing and approving the terms and rates of the strata corporation’s insurance, including the premium amounts, deductible amounts, and coverage limits thereunder and the date of expiration of such policy or policies; and (B) the Buyer confirming the Buyer’s ability to obtain personal strata owner insurance on terms satisfactory to the Buyer, including coverage for any owner’s portions of deductibles payable under the strata corporation’s insurance, in each case on or before (INPUT DATE HERE). These conditions are for the sole benefit of the Buyer.  
 
Immediately upon execution and delivery of this Contract of Purchase and Sale by all parties, the Seller or the Seller’s agent, will obtain copies of the strata corporation insurance policy or policies, or a summary of coverages, a cover note or a binder in respect of same, and will immediately, upon receipt, deliver such document(s) or cause such document(s) to be delivered to the Buyer or the Buyer’s agent. 

First Time Home Buyer Update – Sept 1, 2019

Posted on: September 3rd,2019 By Realtor

CMHC has just added some incentives to first time home buyers. Here are some things you need to know:

Qualifiers:

  • you need to have the minimum down payment to be eligible
  • your maximum qualifying income is no more than $120,000
  • your total borrowing is limited to 4 times the qualifying income 

The government allowance is 1.5 billion for the incentive, so act fast before it all gets used up.

To find out if you are eligible visit: https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive

Quick Property Search