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The Ultimate Guide to Navigating the Vancouver Real Estate Market as a First Time Home Buyer

Introduction: What Does it Take to Become a Homeowner in Vancouver?

Vancouver is one of the most desirable places to live in Canada. But buying property in Vancouver can be a daunting task, especially for first-time home buyers. The real estate market in Vancouver is highly competitive and the cost of housing is high. In this article, we'll discuss what it takes to become a homeowner in Vancouver, including navigating the real estate market and understanding the various costs associated with owning a home. We'll also provide tips on how to make your dream of homeownership a reality.

How to Get Pre-Approved for a Mortgage and Find the Right Lender for Your Needs

Getting pre-approved for a mortgage is an important step in the home buying process. It helps you understand your eligibility as per the bank stress test and based on your downpayment it gives you a better idea of what kind of loan you can afford. A first time buyer in Canada has the privilidge to pay just 5% on the first $500,000 which comes to $25,000 + 10% of the top amount ( Let's say condo costs $900,000) then 10% of $400,000 is $40,000. So total mandatory down payment to the bank is $65,000. When you buy a second home, you need to put down 20% of purchase price.

Pre-approval helps you shop in the right direction and saves your time and your Realtor's time too. With the right lender, you'll have access to competitive rates, flexible terms( Variable interest or fixed interest) and personalized service. Jeevikka, has a team of mortgage helpers who work efficiently and ensure you get the best interest rate and service. 

What are the Typical Closing Costs & Fees Associated With Buying a Home in Vancouver?

Buying a home in Vancouver is an overwhelming process but the Realtor you choose can make it seem effortless. Knowing what closing costs and fees you should expect to pay when purchasing a home is important for budgeting and planning purposes. There are a variety of closing costs associated with buying a home in Vancouver, property transfer taxes, lawyer fees, truck moving fees, strata move in fee and sundry expenses. Fortunately, with an experienced real estate agent like Jeevikka Shah, you can get help step by step right until you move into your new home. Contact her today! 

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The Ultimate Guide to Selling Real Estate in the Tricities, North or west Vancouver BC

This guide will provide you with detailed information on all aspects of the real estate selling process in the Tricities, North or West Vancouver and Fraser valley, including current market trends, pricing strategies, tips for staging your home for sale and more. This comprehensive guide can be used by both investors or couples looking to upgrade or downsize their homes for a better quality living, as per their current circumstances. It will help them make informed decisions and maximize the success when selling a home with their favorite and popular REALTOR Jeevikka Shah. 

Understanding the Factors that Impact Home Values in Tri-cities/ North or West Vancouver/ Fraser valley

The value of a home depends on many factors, including the local economy, how well the house has been maintained, has it been painted, floors polished, bathroom faucets, sink regularly maintained? The population growth, popular shopping grocery markets, parks or schools and current housing trends also determine the price expectations. Understanding these factors can help you make an informed decision when buying or selling a home. By researching these components and obtaining professional advice, you can make an educated and informed decision when it comes to selling a home at the best value. On this website you are Lucky to free sign up and view latest SOLD properties in the same location as your condo/ townhouse/ duplex/ single family home. 

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The Benefits of Working with a Professional and skilled Real Estate Agent

Working with a skilled Realtor like Jeevikka Shah, with high expertise on selling or buying real estate can be incredibly beneficial for those looking to sell/ upgrade/ downsize a home. Not only can she help you find the right property at the right price, but she can maximize the $$$ output value you would get from selling your home, thus making the most out of your hard earned investment.

She understands the value of your assets and is a very patient human. Professional Realtor services include providing information on available properties, negotiating contracts, marketing on various social media platforms, helping with paperwork such as Title and other legal documents, syncing the sale of your home with a completion of an upgraded or downsized home you have an accepted offer on, truck moving, a team of lawyer services, mortgage lender's, handyman, professional carpet cleaners/ cleaners/polishing floors and whatever you will need even after moving into your new home. Her services in Real estate are beyond a client's expectations. This is a one stop shop which is a seemless process, while we help you sell or choose the biggest purchase/ sell in your life.  By working with Jeevikka Shah, you can benefit from her expertise and ensure that you get the best deal possible.

Get connected on a free consultation call or meeting today!

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Looking to invest in townhouse & condominiums in Burnaby, Coquitlam and Port Moody?

An Overview of the Burnaby, Coquitlam and Port Moody Townhouse & Condo Market

The Burnaby, Coquitlam and Port Moody Townhouse/ Condo market is an attractive option for those looking to invest in real estate in the Lower Mainland. Burnaby, Coquitlam and Port Moody are vibrant communities with diverse housing options ranging from single-family homes to condos and townhomes. This overview will provide an insight into the current market trends, availability of units, prices, and other factors that affect the real estate market in these two cities. It will also discuss some of the benefits of investing in Burnaby, Coquitlam and Port Moody Townhouse & Condos.

Which Areas in Burnaby, Coquitlam and Port Moody are Best for Investing in Townhouse & Condos?

Investing in townhouse /condos in Burnaby, Coquitlam and Port Moody can be a great option for those looking to buy a first time home or down sizing or investors who looking to rent out condos. Both cities have many areas that are ideal for investing in townhome /condos, offering potential buyers a variety of options.

Burnaby is the third largest city in BC. It's stunning natural beauty and abundance of green space give it a unique identity. Brentwood and Metrotown offer a metropolitan city life with very tall hi rises with breathtaking views and each of the club amenities in the building. You can never be bored here. 

Willingdon heights, South slope and Edmonds are happy neighbourhoods which offer a perfect blend of sports, shopping, grocery stores and have easy access to skytrains making travel to Downtown offices effortless.

When it comes to Central / West Coquitlam, the neighbourhoods around Lougheed Town Centre and Burquitlam are great choices for buying a townhome / hi rise condos. These areas offer plenty of amenities and have easy access to public transportation, they offer a very city kind of living with beautiful parks for outdoor sports. They have the best day care schools, elementary and secondary schools. Sport facilities in the Y.M.C.A are unmatchable. There are beautiful and affordable hi rises in these two vibrant and very happening locations. There is a Wallmart at walking distance, Lougheed shopping mall which has every thing you need and a range of restaurants, this perfect mix, makes it a poplar residential area for people from metropolitan cities.

In Port Moody, the neighbourhoods around Newport Village, Suter Brook Village are all excellent options for investing in townhouse or HI RISE condos. These areas offer plenty of outdoor activities as well as being close to shopping centres and other essential services. They have good schools, parks and a mix of ethnicity. This location feels more relaxed and like a like a holiday destination, almost feeling like life is a vacation. The Inlet station skytrain is within walkable distance.

The white pine beach close by is very popular amongst Americans who wanna have a quick short break.

There are gorgeous waterfront mansions all over Port Moody.

Whether you’re looking for an investment property or a place to call home, these two cities provide plenty of opportunities when it comes to buying a townhome or condo. With careful research and due diligence, you can find the perfect place to invest.

What are the Pros & Cons to Investing in a Townhome versus a Condo?

Investing in a townhome or hi rise/ low rise condo can be a great way to get into the real estate market. Both offer certain advantages and depending on your needs and preferences. To make an informed decision, it is important to consider the pros and cons of investing in either type of property. Luckily, with Jeevikka Shah, your real estate expert, you can find out what’s best for you keeping your goals a priority. Call me today!

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Types of Properties Available for Sale in Greater Vancouver & Fraser Valley

The Greater Vancouver & Fraser Valley area offer a wide range of properties for sale, single family homes ( general lot size 66 by 122 or 8052 sqft) they usually have a Rental 1 bed/2 bed suite also called mortgage helper, duplex houses ( general lot size 33 by 122 or 4026 sqft) also have a smaller Rental suite. Duplex houses are very desirable and perfect for those looking for a smaller single-family land ownership home, with zero strata fee.  Condos offer hi rise views, the convenience of various amenities in the building like Gym, BBQ on the patio, Yoga room, Playground, possible air conditioned condos swimming pool and living with easy access to shopping, restaurants and entertainment. Condos need to pay a monthly strata fee basically for management to run the strata efficiently. Townhouses are very popular, as they are affordable and have the feel of living in a single house with a side or back yard, with features like private outdoor space and shared club amenities, many newer immigrants wish to own this within 2 years of setting foot in beautiful British Columbia. Townhouses too have a monthly strata fee to be paid for the maintenance and beautification of the entire strata complex. Whether you're looking for an investment condo, a pre sale/under construction or your own home in the area, there is something to suit every budget and lifestyle. Make an informed decision about the biggest purchase of your life, with JEEVIKKA SHAH , a skilled yet undertanding and patient Realtor/Agent who values your money. 

Start Your Search Today

When it comes to buying a home, you need to have access to all the homes for sale in the MLS for the Greater Vancouver & Fraser Valley. Start searching today with the help of Jeevikka Shah.

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Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.