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 If you're a Vancouverite dreaming of owning a vacation home in a sunny destination outside the city, you're not alone. Many Canadians find the allure of a winter retreat in places like Arizona or Palm Springs hard to resist, especially during the cold, rainy, or snowy months. However, before embarking on this exciting journey, it's essential to consider a few key factors.

First and foremost, it's crucial to understand the tax implications of buying a vacation home in a foreign country, particularly the United States. To ensure you make an informed decision, consult with your accountant or financial advisor who can guide you through this process. Avoiding potential tax headaches down the road is paramount.


Additionally, financing can pose challenges when purchasing a vacation home in the United States. Engaging in a conversation with a mortgage broker in your home country or the intended location is wise. This step allows you to explore financing options and gain a clear understanding of the current lending landscape. While interest rates have risen significantly in recent years, it's essential to be well-prepared for the costs associated with borrowing.


Choosing between personal residency and rental income potential


Determining the purpose of your property investment is crucial. Will the vacation home be exclusively for personal use, or do you plan to generate additional income by renting it out through platforms like Airbnb or VRBO? Before making a decision, it's vital to familiarize yourself with local regulations, particularly those concerning short-term rentals.


Different cities across Canada and the United States have varying minimum rental periods and additional taxes applicable to short-term renters. Researching local policies and tax implications beforehand will help you make an informed choice. Understanding the regulations ensures you comply with the law and avoid any unforeseen complications.


Efficient property management planning


If you decide to rent out your vacation home, managing the property effectively becomes paramount. Research local rental rates and connect with other vacation rental owners to gain insights into the market. Additionally, consider who will oversee the property when you're not there, especially if you plan on spending limited time in your vacation home.


As experienced homeowners and vacation rental property investors ourselves, we understand the intricacies involved. Our team possesses a wealth of knowledge in this area and the local real estate market, making us well-equipped to answer any questions you may have.


In conclusion, buying a vacation home requires careful consideration of several crucial factors. From tax implications and financing to rental regulations and property management, it's essential to approach this venture with thorough research and expert guidance. If you need assistance or have any questions, don't hesitate to reach out. We're here to provide the support you need to make your dream of owning a vacation home a reality.



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We have sold a property at C301 4831 53 ST in Ladner
We have sold a property at C301 4831 53 ST in Ladner.
This is the 2 bedroom home you've been waiting for!! TOP FLOOR SE CORNER suite and FULLY RENOVATED top to bottom. Nothing to do but move into this beautiful sunny home. Bleached Oak Vinyl Flooring, all new kitchen & bathrooms, lighting, paint and tile. Generous room sizes and you'll love the vaulted living room ceilings. Bonus is a large sunny patio for those wanting the sun. Rainscreened well maintained building in a great central Ladner loc close to shopping, schools and parks. Pets OK. Open Sun May 28th, 2-4pm.
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Open House. Open House on Sunday, June 25, 2023 1:00PM - 2:30PM
Please visit our Open House at 475 21ST AVE E in Vancouver.
Open House on Sunday, June 25, 2023 1:00PM - 2:30PM
Tremendous value in one of Vancouver's sweet spot N'hoods. Quiet location just 1/2 block to Prince Edward park. Lovely 5 bedroom house was substantially rebuilt w permits back in 2008. Master bdrm on main and 2 bedrooms up. Spacious kitchen opens to sunny sundeck ideal for outside entertaining. The lower level is a self contained 2 bedroom suite presently rented M to M with its own laundry. Basement is on grade too. 2 car open parking at back. No garage but one could easily build one or add a Laneway. All viewings are By Appt only starting June 21st. Call for times. Ideal for young family or Investor buyer. Open House Sat June 24th, 1-3pm.
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Open House. Open House on Sunday, June 25, 2023 2:00PM - 4:00PM
Please visit our Open House at 1104 1111 HARO ST in Vancouver.
Open House on Sunday, June 25, 2023 2:00PM - 4:00PM
Sought after West End location & building. Spacious 2 bedroom at Eleven Eleven Haro. Situated on the NE corner of the building. Walk to everything from this fabulous location. The suite is in pristine condition and can easily be moved into or for those looking for a renovation project, this one is ideal to update and put your personal touch to. Efficient floor plan with bedrooms nicely separated for privacy. Lots of natural light with windows on 2 sides. Spacious principle rooms to accom good sized furniture. 2 parking plus 1 storage. Pets welcome and Rentals OK. Easy to view. Open House Sun June 25th, 2-4.
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Open House. Open House on Saturday, June 24, 2023 1:00PM - 3:00PM
Please visit our Open House at 475 21ST AVE E in Vancouver.
Open House on Saturday, June 24, 2023 1:00PM - 3:00PM
Tremendous value in one of Vancouver's sweet spot N'hoods. Quiet location just 1/2 block to Prince Edward park. Lovely 5 bedroom house was substantially rebuilt w permits back in 2008. Master bdrm on main and 2 bedrooms up. Spacious kitchen opens to sunny sundeck ideal for outside entertaining. The lower level is a self contained 2 bedroom suite presently rented M to M with its own laundry. Basement is on grade too. 2 car open parking at back. No garage but one could easily build one or add a Laneway. All viewings are By Appt only starting June 21st. Call for times. Ideal for young family or Investor buyer. Open House Sat June 24th, 1-3pm.
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Open House. Open House on Saturday, June 24, 2023 2:00PM - 4:00PM
Please visit our Open House at 807 1850 COMOX ST in Vancouver.
Open House on Saturday, June 24, 2023 2:00PM - 4:00PM
Tremendous value in this sought after West End Location. What a lifestyle just steps to the beach, Stanley Park and West of Denman St. FULLY RENOVATED 1 bedroom. MOVE-IN READY. Buy to live in or for investment. This is a Pre Paid Leasehold building. Limited finance avail. The building is very well maintained w full time live-in resident caretakers. Strata Fee includes Property Taxes, Heat, Hot Water and swimming pool. This is an awesome deal for those wanting to live in the heart of the city or buy for investment as well. Sorry no PETS. Nice treed outlook to West End N'hood of good sized balcony. This ones a winner. Open House Sat June 24th, 2-4.
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Have you purchased a pre-sale condo or townhouse in the past two years?


If you entered into a contract with a developer to purchase a pre-sale property within the past two years, chances are you will be completing that purchase within the next 6 to 12 months. You're probably feeling a mix of excitement and anxiety. Why anxious, you may ask? Well, moving is always stressful, and the idea of writing a large check can be anxiety-provoking. Moreover, if you bought the property with the intention of using bank financing, you might be in for a rude awakening when it comes time to secure your mortgage.

Are You a Pre-Sale Property Buyer? Prepare for Rising Mortgage Rates


Two years ago, 5-year fixed-rate mortgages were around 2%, with rates hitting rock bottom. However, when it's time to complete your purchase in the next 6-12 months, rates could likely be in the range of 5-5.5%.


Let's consider an example using these numbers: a purchase price of $1.5 million with a $500k down payment and a $1 million mortgage.


In June 2021, that $1 million mortgage would have cost you $4,234 per month, based on a fixed 5-year rate of 2% and a 25-year amortization period.


However, with the current rate of 4.9%, that same mortgage would now cost $5,759 per month. This represents an increase of $1,525 per month or 36%. Keep in mind that this increase is paid in after-tax dollars, so if you are in a 45% tax bracket, you would need to earn $2,772 more per month to cover the increased mortgage payment of $1,525.

Managing Higher Mortgage Costs: Seek Financial Guidance for Pre-Sale Purchases


The saving grace in the face of higher mortgage rates is the stress test that was applied to all those seeking pre-qualification. Many of these buyers have undergone stress tests at rates close to the current levels, which is great because it means they can manage the increased payments.


Unfortunately, if one finds themselves unable to afford the high cost of borrowing, they may be forced to either sell the pre-sale property before completion or assess their overall financial situation to find ways to make the purchase more financially comfortable.


If you find yourself in this uncomfortable situation, now may be a good time to speak with your banker or financial advisor to explore potential solutions.


We are also available to provide suggestions on how best to move forward. Feel free to call or message us anytime.


Andrew & Jill Hasman

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New property listed in Fraser VE, Vancouver East
We have listed a new property at 475 21ST AVE E in Vancouver.
Tremendous value in one of Vancouver's sweet spot N'hoods. Quiet location just 1/2 block to Prince Edward park. Lovely 5 bedroom house was substantially rebuilt w permits back in 2008. Master bdrm on main and 2 bedrooms up. Spacious kitchen opens to sunny sundeck ideal for outside entertaining. The lower level is a self contained 2 bedroom suite presently rented M to M with its own laundry. Basement is on grade too. 2 car open parking at back. No garage but one could easily build one or add a Laneway. All viewings are By Appt only starting June 21st. Call for times. Ideal for young family or Investor buyer.
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PRICE REDUCED: C301-4831 53rd St. Ladner, BC

This is a two bedroom condo in a great location in Ladner, BC. The new price is $735,000 and is FULLY RENOVATED! 


Some other great features: 

  • South facing, nice bright and sunny space!

  • Big sunny balcony 

  • 1 parking stall 

  • Really well maintained building

Follow us on our Youtube Channel to get the latest when things happen

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We have sold a property at 832 THE GROVE RD in Gambier Island
We have sold a property at 832 THE GROVE RD in Gambier Island.
A waterfront property you've been waiting for. Situated in West Bay on Gambier Island. A short 30 min Water Taxi from Horseshoe Bay or just 10 min from Langdale. If you've got your own boat then even better. This 1.1 acre low bank walk on waterfront property offers so much potential. There are presently 3 dwellings on the property. The main vintage beach house & timber frame cottage each provide rustic living. The lower beach house is perched on the waters edge ideal for launching your kayaks, paddle boards or canoes. There is also a 3rd cottage dwelling also perched over the water with an outside hot tub, pergola, sundeck and dry sauna. For those looking to garden there's a brand new greenhouse and lovely garden area for vegetables and herbs. Great income potential too w Air B & B.
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Open House. Open House on Saturday, June 17, 2023 2:00PM - 4:00PM
Please visit our Open House at 807 1850 COMOX ST in Vancouver.
Open House on Saturday, June 17, 2023 2:00PM - 4:00PM
Tremendous value in this sought after West End Location. What a lifestyle just steps to the beach, Stanley Park and West of Denman St. FULLY RENOVATED 1 bedroom. MOVE-IN READY. Buy to live in or for investment. This is a Pre Paid Leasehold building. Limited finance avail. The building is very well maintained w full time live-in resident caretakers. Strata Fee includes Property Taxes, Heat, Hot Water and swimming pool. This is an awesome deal for those wanting to live in the heart of the city or buy for investment as well. Sorry no PETS. Nice treed outlook to West End N'hood off good sized balcony. This ones a winner.
Read

New property listed in West End VW, Vancouver West
We have listed a new property at 1104 1111 HARO ST in Vancouver.
Sought after West End location & building. Spacious 2 bedroom at Eleven Eleven Haro. Situated on the NE corner of the building. Walk to everything from this fabulous location. The suite is in pristine condition and can easily be moved into or for those looking for a renovation project, this one is ideal to update and put your personal touch to. Efficient floor plan with bedrooms nicely separated for privacy. Lots of natural light with windows on 2 sides. Spacious principle rooms to accom good sized furniture. 2 parking plus 1 storage. Pets welcome and Rentals OK. Easy to view. Open House Sat June 17th, 1-3pm
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