Vancouver Canada Real Estate - Friendly Advice by Nahid: 604 767 8603

Vancouver Canada Real Estate - Housing Market Forecast by Nahid Aghamolla
Shangri-La Condos/Apartments Sales/Rentals Vancouver bc
Shangri-La Vancouver
Farimont Condos Sales/Rentals Vancouver bc Canada by Nahid
Fairmont Conds Vancouver
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Espana Condos/Townhomes
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Dolce Vita Condos bc
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TV Tower 1, 2, 3 Condos
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Harbour Green Condos

The Vancouver real estate market is extremely active! And with the strong economy in BC, the market is expected to remain active.

Please contact me if you like to know more about investment opportunities in Vancouver Canada Real Estate.
Vancouver downtown condo map!

Best project in Toronto:
2221 yonge condo



Canada – Land of Real Estate Opportunity

Many of Canada's cities have at some point been declared the 'World's most livable city', a reputation earned on the basis of five indicators—infrastructure, stability, environment, healthcare, and culture. With an enviable record like that, Canada real estate is hot property.

With flat, sandy beaches and looming, gigantic mountains, vast open plains and bustling cities, Canadian real estate is as diverse as it is immense. Vibrant South Asian and Chinese communities add ethnic and cultural diversity to this exciting country. Affiliate link: faucets canada

Rules Governing Non-Canadian Real Estate Owners

Any non-Canadian who intends to purchase Vancouver real estate within Canada and assemble tenants for rent must file form NR6 prior to receiving the first months rent. This form permits the property owner to remit taxes on their net estimated rental income. Those who do not file this form must remit 25% of their monthly rental income to the government—by the 15th of the next month.

Most realtors recommend filing for this certificate as soon as you accept an offer and are finalizing the close on your property. Avoid paying the 25% government royalty—file early.

Mortgage Information for Non-Canadian Real Estate Buyers

Several financial institutions in Canada have designed lending programs to meet the special needs of non-Canadian real estate buyers. Typically, property buyers are required to make a minimum down payment of 35% of the agreed upon price.

Canada's new immigrant program permits individuals who do not have a permanent or settled status to buy property without having to make the traditional 35% down payment.

However, if you want to qualify for this exemption, you must meet or exceed the following requirements:

  1. Have a minimum 2 year work visa as well as a work contract of the same duration. Executives who get transferred can also take advantage of this allowance if they earn 60K per year.
  2. Furnish a bank reference letter
  3. Reside in Canada at the time of purchase

Costs Involved in Buying Canadian Real Estate

If you're considering buying Canadian real estate, keep in mind the various miscellaneous costs that are associated with closing on a property. A few basic costs include:

Taxes: Canada imposes a 7% tax on new housing, with an applicable rebate if the cost of the home is less than $450,000. Resale housing does not draw the tax unless it has undergone significant renovation. If so, it's taxed as if it was a new house.

Property Taxes: Property taxes vary depending on location. Your realtor can give you details depending on your location.

Appraisal Fee: If your loan is uninsured, the lender may ask you to complete a property appraisal. Appraisals cost anywhere between $150 and $500. Appraisers generally charge based on square footage.

Other various costs could include lawyer's fees, survey fees, property insurance and home inspection fee. Condo Vancouver. Buying real estate in Canada can be an exciting experience. The best advice is to plan ahead—both in property selection and financing.

Check Sky Towers Condos Project and Development in Surrey, Vancouver Sales Page

Check Flagship Condos development by Concord Pacific

Check Mariner Condos development by Concord Pacific

Check Elan Condo by Cressey development in Seymour Street, downtown Vancouver bc

Check infinity towers in Surrey Vancouver bc

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Mortgage calculator calculators help you to take decisions on financial issues .The calculators are very user friendly and perform a wide range of financial calculations on home affordability, debt, refinance and other financial issues.

Nahid Aghamolla
Realtor & Property Manager in Vancouver bc
Royal LePage City Centre
204-345 Robson Street

cell: +1 604 767 8603
Tel: +1 604 408 9311

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