Renovation Financing and Your Mortgage

in Mortgage Financing by David Iverson

How do I include the cost of renovations in my mortgage? Whether it’s your first home, upgrading to a larger home or downsizing, it is possible to incorporate necessary renovations in a mortgage. This particular strategy is known as a “Purchase Plus Improvements”. You may or may not be planning on renovating a new home Read More

Depreciation Reports and Strata Properties in British Columbia

in Last Minute Property Surprises by David Iverson

What is a Depreciation Reports and how does that affect me as a Tenant ? I prepared the following information in 2013 for a client of mine that owns an older strata property.  The age of your property may not be the same as what I described below but most of this information is applicable and Read More

Will Vancouver Experience a Housing Correction?

in Last Minute Property Surprises by David Iverson

Vancouver Housing Correction Date: 2011-08-04, 7:25PM PDT The Vancouver housing market hasn’t experienced a correction in pricing like the rest of BC did back in 2008, BUT IT’S COMING! If you are being told otherwise you only have to look back a few years to see where that mind set has destroyed investors. 1995-97 Bre-X Read More

How can I use my RRSPs to Purchase a Home?

in Mortgage Financing by David Iverson

First Time Home Buyers Plan The following is a strategy to use the Federal Government RRSP Tax Rebate to subsidize a down payment on the purchase of a home. Before we start you should first visit the Government of Canada website;  and see if you qualify as a first time home buyer.   I can help Read More