What is the first-time home buyer incentive?
BC first-time home buyer guide The First-Time Home Buyer Incentive (FTHBI) is a program designed to empower first-time homebuyers across Canada. Led by the Canadian government, this initiative aims to minimize the challenges often associated with purchasing a first home, making the dream of homeownership more attainable for aspiring buyers. Through shared equity mortgages, the […]
How to choose an appraiser in Vancouver?
What to consider when hiring a real estate appraiser? In the world of real estate transactions, a home appraisal plays a vital role providing an unbiased professional opinion of a home’s value that can be used for different purposes such as refinancing, estate planning, splitting property in a divorce, buying or selling property. A professional […]
Letter of Transmittal x Reliance Letter
What is a letter of transmittal? What is a reliance letter? Are they the same? Navigating the details of appraisal documents requires a clear understanding of their purpose and implications. Among the key documents are the letter of transmittal and reliance letter, each playing a distinct role in the appraisal process. Here are some differences […]
Will Canada’s international student cap affect rents in BC?
Student Visa Cap: Housing Crisis Canada has announced a cap on the number of international students who can enroll in post-secondary institutions for the 2024-2025 academic year. The international student cap will decrease new student visas by 35%, which means approximately 364,000 international students will get their visas in 2024. This is a significant reduction […]
Greater Vancouver Housing Market: What to expect in the first half of 2024?
What’s in store for the housing market in 2024? If you’re thinking of buying or selling a home, you might be wondering how the Greater Vancouver housing market will look like in the first half of 2024. Here are some key points from our latest economic forecast that will help you make informed decisions. DEMAND […]
WesTech Gift Of Appreciation Experience 2024 Series
We are thrilled to announce our Gift of Appreciation Experiences 2024 Series. Throughout the year of 2024 WesTech will be giving you chances to enjoy 11 fabulous experiences to remember why you live in Vancouver. This series will run from February to December 2024. Each experience will be chosen based on the diversity, culture and […]
How to appeal property tax assessment?
BC Assessment property tax appeal Are you unhappy with your property tax assessment? You might be shocked by how much your property value has increased, but don’t panic. You can check the online assessment search tool to compare your home with others in your area and see if your increase is reasonable or not. The […]
BC Assessment vs Home Appraisal
BC Assessment vs Home Appraisal | Is BC Assessment accurate? A BC Assessment and a home appraisal both play essential roles in determining property value, yet they serve two completely different financial purposes. But what’s the difference between them and which one should you choose? Let’s break it down for you. REAL ESTATE APPRAISAL COMPARED […]