1428 West 7th Avenue Vancouver, BC V6H 1C1 CA
SEAN KAUSHAKIS
R E A L E S T AT E M A R K E T R E P O R T SEPTEMBER | 2019
WHITE ROCK
Your Realtor ® & Neighbour!
604.781.2244 sean@kaushakis.com
L I V I N G
www.kaushakis.com
Each office is independently owned and operated.
YOUR HOUSE COULD BE A FIRST TIME BUYERS DREAM HOME!
HOW DOES THE NEW SHARED-EQUITY MORTGAGE PLAN AFFECT YOU? AS OF SEPTEMBER 2ND, FIRST TIME HOME BUYERS CAN BENEFIT FROM A NEW SHARED-EQUITY PLAN WITH THE CANADA MORTGAGE AND HOUSING CORPORATION. HERE’S HOW: FIRST-TIME BUYERS
SELLERS
• The government will advance an interest-free loan of up to five per cent on an existing home and up to ten per cent for a new home, in exchange for an equivalent equity stake in the property
• Increase in qualified buyers who have been accepted into the CMHC program
• Buyers must repay after twenty-five years or if they sell • Independent appraisal would establish the amount of repayment - CMHC shares in gains/losses • Buyers must have a household income of less than $120,000 • Applications accepted on first-come, first-serve basis If you know a first-time buyer who needs help navigating this new program, call me today!
Source: https://business.financialpost.com/real-estate/cmhc-to-share-inhome-price-gains-and-losses-in-shared-equity-mortgage-plan
• Potential increase in new buyers looking for a home in a higher price range Take advantage of an increased opportunity to capitalize on your home’s equity!
Jonathan and Angela-Marie, If you’ve considered selling, now is a great time to reach new buyers who are taking advantage of this new shared-equity mortgage program. Call me today at 604.781.2244 to learn how my print and digital marketing will help put your home in front of newly qualified buyers and maximize your home sale!
P repa red E s peci a l ly fo r
J O NAT HAN AND ANG EL A- M AR I E WILLIAM S P res ented by
SEAN KAUSHAKIS