Real Estate Blog

What is Home Equity?

Posted on Mar 28, 2022 in Resources



Home Equity is the difference between the value of your home and the remaining mortgage balance on it. Your Home Equity increases as you pay off your mortgage and as your home goes up in value.

Let's do some math. Let's say that the value of your home is $1,000,000 in Vancouver. That means probably a two bedroom condo. You have currently $300,000 le...

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Sales Achievement Award 2021

Posted on Mar 07, 2022 in Resources


A huge THANK YOU to my clients, business partners, friends, realtor colleagues, family, coach, and mentor for helping me reach another milestone in my career in 2021.
Looking forward to another year of great changes and growth in 2022!

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Bank of Canada  Increases Policy Rate by 0.25% - First Rate Hike Since 2018!

Posted on Mar 03, 2022 in Resources

The Bank of Canada increased the overnight lending rate by a quarter percentage to 0.5%.


"The Bank is continuing its reinvestment phase, keeping its overall holdings of Government of Canada bonds on its balance sheet roughly constant until such time as it becomes appropriate to allow the size of its balance sheet to decline." 

The Bank stated that fu...

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Property Tax and Empty Homes Tax Deadlines: Feb 2, 2022

Posted on Jan 31, 2022 in Resources



Property Tax 
Property tax is due twice a year in the City of Vancouver: the Advance Tax Levy and the Main Tax Levy. Ensure you make the full payment prior to the deadline to avoid a 5% penalty on any outstanding balance.
  • Advance Tax Levy Deadline: February 2, 2022
  • Main Property Tax Levy Deadline: July 5, 2022
Pay your property taxes HERE

Empty Homes Ta...

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Webinar: Leveraging the Equity in Your Home with CIBC

Posted on Jan 18, 2022 in Resources


Often times, home owners will purchase a home, live in it themselves (as a primary residence), and pay down the mortgage as years go by. I've spoken to a number of people who are waiting to accumulate enough savings before purchasing another property or more investments. However, they had no idea that they could tap into the equity that they've bui...

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Home buyers willing to pay more to be close to skytrain!

Posted on Oct 08, 2020 in Resources


You've all seen the news reports circulating that people are leaving the city in droves to the suburbs! Yes, that's true. However, there are still plenty of people who live in the city and rely on public transportation to get around! If you're considering on buying an investment property or a home with potentially higher long-term appreciation valu...

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Get In Touch

Cari Mai
Personal Real Estate Corporation

Mobile: (604) 727-9922

Phone: (604) 620-6788

EMAIL

Office Info

Oakwyn Realty Ltd

3195 Oak Street  Vancouver,  BC  V6H2L2 

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