REW

The Basics of Breaking Your Mortgage

Written By: Zak Khan of REW You agreed to a contract when you signed a mortgage; getting out of it isn’t so simple. When you sign your mortgage contract, you’re agreeing to a strict payment schedule for a set term. Those terms may have looked fine at first, but you know that life is unpredictable. […]

What happens when buyers or sellers revoke their offer?

Written by: Zak Khan of REW You can pull back your offer to buy a home, just be aware of when and how. What does it mean when someone revokes an offer during a real estate transaction? Simply put: if a buyer revokes an offer, they have cancelled the contract that they had sent to […]

Leasehold vs Freehold: what you need to know

Written by: Zak Khan of REW This cheaper option for home ownership may be tempting, but it also comes with risks. If you’re looking to buy property in BC, you may stumble across leasehold properties, and often they’re incredible bargains. But what does “leasehold” mean, and what implications does it have for Homeseekers? And what’s […]

Understanding the impact of the Bank of Canada’s interest rate changes on your mortgage.

Written By: Zak Khan of REW Will your mortgage change if the BoC’s interest rate does? Every few months, the Bank of Canada (BoC) announces an interest rate hold, cut or raise, depending on the current and anticipated future economic conditions. But while these announcements get a lot of buzz, what exactly is the impact, […]

Mark Carney aims to eliminate GST for first-time buyers of new homes, get Federal Government back into home building

Written by: Zak Khan of REW The policy has implications for agents, Homeseekers and the market as a whole. With the Canadian Federal Election set for 28 April 2025, we’re examining the major parties’ housing announcements. Each party has their own plans for what they would do in the housing realm if elected, so keep […]

The American effect: why US buyers are taking advantage of properties on the foreign buyers ban exemption list

Written by: Erin Best of REW More US residents are considering moving north, but what does that mean for BC real estate? Effective January 2023, the federal government introduced the Prohibition on the Purchase of Residential Property by Non-Canadians Act. The Act was meant to ban foreign investors from buying non-recreational residential property in Canada, in an attempt […]

New(er) Home Resale Report: December 2024

Written by Manraj Dosanjh of REW Marking five years since the pandemic, Metro Vancouver real estate remains a strong long-term investment. A guide for first-time buyers, young families and presale purchasers seeking the latest insights for newer resale homes in popular Metro Vancouver neighbourhoods. As we begin a new year and look ahead, it’s a […]

Market Insights Report: December 2024

Written by” Kevin Skipworth of Dexter Realty It’s a new year, but one with the anticipation of continued interest rate reductions. The Bank of Canada meets again on January 29th, following their rate cut of 50 points in December. With a month of political and economic headwinds to come, the 25-point drop that’s currently expected […]

Owner Occupied: A Guide to Rental Suites

Written by: Zak Khan of REW From mortgage assistance to forgivable loans and more, a rental suite is a good idea. Imagine if you could make your mortgage pay for itself. With a rental suite, this isn’t as far-fetched as it sounds. The income generated from a secondary suite can be substantial enough to offset […]

Down Payments & Deposits…Which is Which?

Written by: Erin Best of REW When the time comes to make an offer on a property, two terms are often used interchangeably in the purchase process: deposit and down payment. While they both involve money changing hands, they serve different purposes. Understanding the differences between these terms is important. The Deposit A deposit is […]