Owning a rental property can be both financially and personally advantageous. Among the many benefits of owning a rental property, some of the main attractions are that it can provide a source of passive income, greater security, flexibility to sell at the right time or to even move into the space. 

Learn more...

https://stilhavn.com/rental-properties-benefits-to-owning-buying-and-renting/

As you gear up to sell your home, an overflow of information and advice from all directions can become overwhelming. Selling your home should feel like rocket science if you follow the fundamentals. There are three critical factors and essential tips to focus on when selling your home that may even bring you a better offer during closing:

https://stilhavn.com/critical-points-to-consider-when-selling-your-home/

Buying a house is a large investment, perhaps even one of the most important purchases in our lives. But before you embark on your journey of house-hunting, it’s important to be aware of factors like finances, flaws, and even your feelings, so as to not underestimate them. Here are some of the common pitfalls first-time homebuyers face while house-hunting, and a useful anti-checklist you can use in the future to avoid them:

https://stilhavn.com/house-hunting-mistakes-and-how-to-avoid-them/

GOLD HOUSE, stunning condominimum building sitting in the central location of Burnaby. Steps away from Metrotown, public transit stations, restaurants and other public facilities. The functional floor layout of this 792 sq. ft. unit allow spacious room for daily living needs. The building comes with gym, lounge, music room, party room, a beautiful outdoor terracel and 24/7 concierge. The unit is also equipped with Bosch appliances and central air condition system.

Sold to a lovely lady who loves to walk to everything!

 A beautiful 1,093 sqft townhome with a rare 3 bedrooms & 2 full bathrooms at FAIRVIEW. This home features a bright living room with a private balcony overlooking mountains , a solarium off the master bedroom with an en-suite and one secure parking spot. Walking distance to premium grocery stores, great dining, shopping, seawall & Cambie skytrain station, VGH , Granville Island & Olympic Village and many more. 

The children finally get their own rooms!

This charming home is situated in Point Grey which is one of the most sought after residential neighbourhoods in Vancouver. Sitting on a 55’x112’ lot, this 3124 sqft home offers a great layout over 3 levels with 6 bedrooms & 3 bathrooms. The house and its features have been well maintained over the years to preserve the original charm. The front and back yards are massive and offer optimal outdoor living. Close to the best public and private schools in the city, as well as shopping, transportation and several parks. 

Beautiful 1936 home to be restored by a lovely family.

The perfect family home in a Vancouver Westside neighbourhood where everyone knows your name. Sitting on a 33' x 124.2' lot on a quiet Southlands street, this 4 bed, 4 bath home features a beautiful entryway, large, updated kitchen, and lovely covered back patio that extends your living space outdoors. The family room is located next to the sunny kitchen, where the back doors open up to the west facing patio with built-in heaters & BBQ. Upstairs find three large bedrooms including the large primary bedroom with two walk-in 'his & hers' closets. Downstairs you will find a rec room and one bedroom. Great schools, & close to St Georges and Crofton.

Sold to a wonderful family after many months of looking for just the right home.

An upcoming development at West 10th and Arbutus Street, Park Place, puts sustainability at the forefront, with a mass timber structure and other carbon reduction measures.

An upcoming development at West 10th and Arbutus Street, Park Place, will be constructed with sustainability top of mind, with a mass timber structure and passive house certification.

The five-storey building, designed by SLA (Stephane Laroye Architect Inc.) for Bastion Development Corp., will include 48 condominium units (one- and two-bedroom) as well as ground floor retail and restaurant space. The architect says the retail space will be designed to be affordable.

What’s distinctive about the development are its efforts in sustainability. In addition to striving for Passive House Certification, the mass timber structure (CLT) will help sequester carbon, and electric-only residential heat, air conditioning and domestic hot water will also help to reduce carbon emissions.

The development’s 66 underground parking stalls will all be EV-ready, and will be complemented by 118 bicycle parking stalls.

The architect says the building is designed to fit into the local low-rise context and architectural language of the neighbourhood, and serve as a gateway between the low-rise scale of Arbutus Walk and the future scale of the Broadway corridor to the north, where the SkyTrain extension is currently under construction.

One of the ways loved ones can help hopeful home buyers is by agreeing to be a co-signer on the mortgage. Co-signing can be applied to most types of loans, not just mortgages. Essentially, a co-signer takes on the responsibility of making the loan payments in the event the original borrower can’t. By providing this extra assurance to the lender, co-signers can help applicants qualify for a mortgage.

Read more...

https://www.realtor.ca/blog/understanding-the-role-of-a-co-signer-in-buying-a-home/20160/1362

As home owners age and live longer, their income sources may no longer be enough to cover expenses, especially for those on fixed incomes.

Many home owners in this phase of life look to the market value their homes have built since they purchased it, also known as equity, to help cover these expenses.

But how can they access their home’s equity without selling it?

One option is a reverse mortgage.

Read more from the REBGV Newsletter...

https://www.rebgv.org/news-archive/what_s-a-reverse-mortgage--.html