It's been very confusing with all the real estate tax changes here in BC. Below is a summary of what tax applies. PTT - Property Transfer Tax is payable to the province of BC by purchasers of real estate. The amount of the Property Transfer Tax is 1% on the first $200,000.00 of the property’s fair market value, 2% on the amount between $200,000 and $2,000,000, and 3% on the amount between $2 ...

For 10+ years I thought Vancouver real estate was a giant bubble about to burst. I held off on buying real estate thinking that I'd get a better deal once prices dropped. Instead I purchased various investments and stocks, only to see the major crash after the US financial disaster in 2008. Most people waiting for lower prices have been really disappointed that prices keep rising in Vancouver ...

Real Estate Investing - Michael Sjerven Having been in the mortgage industry for almost 10 years now, I've learned quite a bit about real estate investments. One thing that became evident to me in my first few years as a broker was that the wealthiest people I met owned a lot of real estate. Of course the Vancouver housing market is an anomaly and the quick rise in values is not indicative o ...

I moved to Vancouver's Olympic Village in 2010 right after the Winter Olympics took place. The original village was built in false creek on previously zoned industrial land. These buildings were rather expensive as pre-sale units with some fetching well over $1000/sqft at the time. There were certainly some issues with build quality, inluding heating/cooling and water problems. The developer ...

Most people feel that a mortgage is good debt and home ownership pays off in the long-term. Some housing markets have had very high price appreciation which is not indicative of long-term growth. Ultimately, it is important to find an affordable place that you love to call home for years to come. We've seen some really low rates advertised online. Getting the best rate is only part of the equ ...

It's been a while since I've posted a rate. Current best bet for 5 year fixed is 2.59%. This product has all the advantages of prepayment privileges, top lenders and rate hold period of 120 days. If you are putting less than 20% down on a primary residence a lower rate may be available (CMHC insured). Please contact us anytime and apply online to take advantage of our expert service.

VIVID Mortgage is currently looking to add licensed, independent and entrepreneurial Mortgage Brokers to the team. Turn-key: we provide admin, payroll, and lender account set-up. VERICO advantages - #1 network in Canada, top volume bonus, personal branding, Lifecycle mortgage, excellent tools and more. Professional, dynamic, and fun team at VIVID Mortgage. Applicants must have at least ...

We are proud to announce the launch of our very own mortgage brokerage, VERICO Vivid Mortgage Inc. (dba S7 Financial)! We have a new office location in downtown Vancouver near waterfront station. The brokerage is up and running, however it is still a soft-launch until we get all new marketing materials in place, which will include our new VIVID branding and new websites to be ready for 2012.W ...

We are proud to announce that Michael Sjerven is a finalist in the Canadian Mortgage Awards! The category is for best individual newcomer (within last 3 years) mortgage broker. Michael is looking forward to the black tie awards ceremony taking place in Toronto in April.

One key difference between mortgage brokers and your bank is that we do not work with posted rates. All lenders we work with only offer the best discounted rates through the broker channel. This means you will get better renewal rates, lower payout penalties (IRD), and usually greater prepayment privileges.