What is the overall buying process in a nutshell?

Are you thinking about buying property in Whistler, Pemberton or Squamish? Not sure where to start? The overall process is the same for most Buyers, however the specifics can often vary situation to situation. That’s where your REALTOR®️ (ME) comes in.

The key thing to take away is that you don’t have to go through the process alone… I’ll be here to hold your hand the whole way. From recommending associated services (lawyers/inspectors), to contract terminology, timelines, and most importantly..negotiation.

So send me a message, let’s get your ball rolling.

Scroll down for incentives and grants for home buyers and home owners.

Thinking of buying – where do I start?

First time home buyers’ program.

The First Time Home Buyers’ Program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. If you qualify for the program, you may be eligible for either a full or partial exemption from the tax.

Property Transfer Tax is calculated at 1% on the first $200,000 of the purchase price, 2% up to $2million and 3% thereafter.
See if you are eligible by clicking on the links.

First time buyer incentive

In September 2019, the federal government launched the First-Time Home Buyer Incentive, an interest-free loan that doesn’t require monthly payments. The incentive is intended to help reduce monthly mortgage payments without increasing the amount needed to save for a down payment.

5% down payment from you is a minimum requirement along with other criteria. See if you are eligible here.

Home Buyers’ Plan

The Home Buyers’ Plan allows you to withdraw up to $35,000 from your RRSP for the purpose of purchasing or building a qualifying new home, tax-free! This used to be $25,000 but was increased in 2019 to $35,000. Note however that this ‘loan’ from your RRSP must be repaid within 15 years.

Home Owner Grant (Taxes)

The Home Owner Grant reduces the amount of property taxes you pay each year on your principal residence.

The regular grant (also called the basic grant) amount for people under the age of 65 is $570 in the Capital Regional District, Metro Vancouver Regional District and the Fraser Valley Regional District. For all other areas of the province the amount is $770.

If your property is assessed at $1,525,000 or less and you meet certain requirements, you will receive the full regular grant amount. Properties assessed over that amount may receive a partial grant.