BUYING

The excitement of buying your first Whistler home can also become overwhelming. The knowledge and strategic planning required are complex, especially with homeowner insurance, inspections, deposits, down payments, financing and unexpected additional costs. That’s where I come in.

My process for first-time Whistler homebuyers is designed to turn you into a savvy and excited homebuyer. It includes a number of elements to guide you through the process:

Contact me today for my first-time homebuyer’s guide.
Below are some important resources to help you learn more:

PROPERTY TYPES TO CONSIDER

There are two different property types that first-time buyers should understand and consider. There are houses, townhouses or condos available in each property type.

Residential properties can be lived in full-time or rented out on a long-term basis (monthly, or a 1-year lease for example). There are no restrictions on ownership or value.

Resident restricted properties have a covenant registered on title stating that they must be occupied by an employee or retiree of Whistler. They are designed to create affordable housing in Whistler, in that you get ‘more for your money’ than an open-market comparable.

Home Buyers’ Plan (HBP)
Program that allows you to withdraw up to $25,000 from your registered retirement savings plan (RRSPs)

Property Transfer Tax
The First Time Homebuyer’s Program was created by the Government of British Columbia. It exempts first time home buyers from having to pay property transfer tax as long as the purchase price of their property is below the current threshold ($500,000 of less if registered on or after February 22, 2017).

First Time Homebuyer Tax Credit
You can claim $5,000 for the purchase of a qualifying home

Home Loans Canada
Mortgage information and calculator.

CMHC, Canada Mortgage and Housing Corporation
Useful homebuyer information and reference material.