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February 2021

JUST LISTED: 304 1468 St. Andrews Ave., North Vancouver

Posted on Feb 23, 2021 in New Listings

304 1468 St. Andrews Ave., North Vancouver - Exterior
2 BED & 1 BATH - 304-1468 St. Andrews Ave., North Vancouver - $659,900

Spectacular 2 bed, 1 bath in the heart of Central Lonsdale - located on St. Andrews Ave. at the Avondale. This large 773 sq.ft top floor condo boasts an open concept layout with loads of storage in the kitchen, a breakfast bar, stainless steel appliances and a stone fireplace. Th...

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Pre-sale Pro's and Cons

Posted on Feb 22, 2021 in Buying a home

Marco Pontillo - Pre-sale Homes

Pre-sale homes are a great way to get into the market as a first time home buyer or as an investor. During a “hot” market the returns can be quite lucrative as the home increases in value during the construction period. It can also be a bit of a gamble if the market swings the other way.


WHAT IS A PRE-SALE?

A pre-sale is a home that’s available to pu...

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New Homes (2/5/10 Warranty)

Posted on Feb 22, 2021 in Buying a home

Marco Pontillo - New Homes Warranty Blog

According to the Homeowner Protection Act and regulations, new homes built in B.C. by licensed residential builders must be covered by mandatory, third-party home warranty insurance.


It’s one of the strongest construction defect insurance coverages in Canada.


MINIMUM COVERAGE


At a minimum, home warranty insurance coverage includes:

• 2 years on labour...

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Closing Costs

Posted on Feb 21, 2021 in Buying a home

Marco Pontillo - Closing Costs BlogClosing costs are the fees, charges and disbursements you’ll be paying above and beyond the purchase price of your new home. They are typically paid on the day your purchase closes. 

Review the list below so you can budget for closing costs, as well as for costs that will be incurred during the buying process:

HOME INSPECTION FEES

The average home insp...

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Mortgage Pre-approvals

Posted on Feb 18, 2021 in Buying a home

Marco Pontillo - Mortgage Pre-approval Blog

GETTING A MORTGAGE PRE-APPROVAL


GETTING A MORTGAGE PRE-APPROVAL IS ONE OF THE FIRST STEPS TO BUYING YOUR OWN HOME.


A mortgage pre-approval will help determine what mortgage amount you can qualify for and help you look for homes in your price range. Here is a list of information and documents your Mortgage Broker may need in order to obtain a pre-appr...

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Speculation and Vacancy Tax

Posted on Feb 17, 2021 in Real Estate News

The speculation and vacancy tax is an annual tax and helps address the housing crisis in Vancouver. It is designed to turn empty homes into housing for British Columbians and ensure foreign owners and those with foreign income contribute to BC's tax system. This tax is different from Vancouver's empty homes tax. 

How does the tax work?

This tax applie...

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