You finally found a home you love.

Your offer has been accepted.

You're already imagining where the couch will go, what colour you'll paint the walls, and maybe even planning your first barbecue in the backyard.

Then the emails start arriving.

Your lawyer needs paperwork.

Your mortgage broker asks for another document.

Someone mentions home insurance.

Before long, you realize buying a home involves more than just the purchase price.

If you're buying a home in Squamish, you're not alone. One of the biggest surprises for many buyers - especially first-time buyers - is discovering the additional costs that come with homeownership.

The good news?

Most of these expenses aren't "hidden." They're simply easy to overlook when you're focused on finding the perfect home.

Knowing what to expect ahead of time can make the entire experience much less stressful.

Your Down Payment Is Only Part of the Picture

Saving for a down payment is a huge achievement, and for many buyers, it's the hardest part of the journey.

But once your offer is accepted, a new chapter begins.

This is when several additional costs come into play.

Planning for them early means you can enjoy buying your new home instead of worrying about unexpected expenses.

"It Looked Perfect..." Until the Inspection

Every home tells a story.

Sometimes that story includes a roof that's nearing the end of its life.

Or an aging hot water tank.

Or a small plumbing issue the seller wasn't even aware of.

That's why a professional home inspection is one of the smartest investments you can make.

Think of it as buying peace of mind.

The goal isn't to find reasons not to buy the home - it's to understand exactly what you're buying.

The Paperwork Nobody Talks About

Buying a home also means working with a lawyer or notary to complete the legal side of the transaction.

It's not the most exciting part of buying a home, but it's one of the most important.

Your legal professional helps transfer ownership, reviews important documents, and makes sure everything is completed correctly before closing day.

Many buyers simply forget to include these costs in their budget because they're focused on the purchase price.

Property Transfer Tax Can Catch Buyers Off Guard

This is one of the expenses many buyers don't think about until they're already well into the buying process.

Depending on your circumstances, you may need to pay Property Transfer Tax, although certain exemptions may apply for eligible buyers.

It's worth understanding how this works early so there are no surprises later.

One Expense That's Easy to Forget

Home insurance isn't something most buyers think about while touring properties.

But before your purchase is complete, your lender will typically require proof of insurance.

The cost will vary depending on the property, its location, and the type of coverage you choose.

It's another important item to include in your overall budget before moving day arrives.

Moving Day Costs More Than Most People Expect

Most people remember to budget for movers.

Fewer people remember everything else.

Packing supplies.

Cleaning services.

Utility connections.

Time off work.

Storage.

Meals while you're living out of boxes.

Individually, these expenses might seem small.

Together, they can add up surprisingly quickly.

The Shopping List You Didn't Know You Had

This is my favourite one because almost every homeowner experiences it.

You move into your new home and suddenly realize you still need:

• Curtains or blinds

• A lawn mower

• Garden tools

• Shelving for the garage

• A new dining table

• Patio furniture

• A barbecue

• Extra storage

• Kitchen essentials

None of these purchases seem urgent while you're searching for a home.

Once you've moved in?

They suddenly become much more important.

Setting aside a little extra in your budget for these "welcome home" purchases can make those first few months much more enjoyable.

The First Trip to the Hardware Store Is Never the Last

Even if you buy a beautifully maintained home, chances are you'll still want to make it your own.

Maybe you'll repaint a bedroom.

Replace a few light fixtures.

Install new shelving.

Upgrade a faucet.

None of these projects are emergencies.

They're simply part of turning a house into your home.

Planning for a few small improvements makes the transition much easier.

If I Could Give Every Buyer One Piece of Advice...

Don't spend every dollar just because the bank says you can.

Leave yourself a little breathing room.

Owning a home comes with unexpected moments, and having a small financial cushion makes those moments far less stressful.

Buying your home should feel exciting - not overwhelming.

💡 Evelyn's Tip

One thing I always encourage buyers to do is keep a small emergency fund after closing.

It doesn't need to be huge, but having a little money set aside means you're prepared if something unexpected comes up during those first few months of homeownership.

It's one of the simplest ways to enjoy your new home with confidence.

A Little Planning Goes a Long Way

Buying a home is about much more than signing paperwork and picking up the keys.

It's about starting a new chapter.

Understanding these additional costs won't take away the excitement - it simply helps you plan with confidence.

Whether you're exploring Squamish homes for sale, comparing Squamish property listings, or just beginning your home-buying journey, being prepared will make the experience much more enjoyable.

Remember, the goal isn't to avoid every expense.

It's to make sure none of them catch you by surprise.

Thinking About Buying a Home in Squamish?

Every buyer's situation is different, and understanding the true cost of homeownership is just one part of the journey.

If you're looking at Squamish real estate and want honest advice about budgeting, neighbourhoods, or the buying process, I'd be happy to help.

You can also explore my Featured Listings, use the Map Search, or read my Buying Guide to learn more before you begin.

When you're ready, contact Evelyn Schellenberg at 604-849-0144. Together, we'll find a home that fits both your lifestyle and your budget.

Frequently Asked Questions

What additional costs should I budget for when buying a home in Squamish?

In addition to your down payment, it's important to budget for legal fees, home inspections, insurance, property transfer tax (where applicable), moving expenses, and small costs that come after you move in.

Do I need a home inspection?

While it may not always be required, a professional home inspection is highly recommended. It helps you understand the condition of the property before completing your purchase.

Is Property Transfer Tax included in the purchase price?

No. Property Transfer Tax is a separate closing cost. Some buyers may qualify for exemptions, depending on their circumstances.

Should I spend my entire budget on the purchase price?

It's usually a good idea to leave some financial flexibility after closing. Unexpected expenses and small home improvements are common during the first few months of homeownership.

How can a local Squamish realtor help me budget for buying a home?

A local realtor can explain the full buying process, help you understand potential costs, recommend trusted professionals, and guide you toward homes that fit both your lifestyle and your overall budget.

Buying a home is exciting, but it can also feel overwhelming - especially when you're trying to understand what your budget will actually get you.

One of the most common questions I hear from buyers is:

"We have a budget in mind, but what kind of home can we realistically buy in Squamish?"

It's a great question, and the honest answer is…

It depends.

Your budget is certainly important, but it isn't the only thing that determines which home will be the right fit. The neighbourhood you choose, your lifestyle, your wish list, and the current market all play a role.

Whether you're just beginning your search or actively exploring homes for sale in Squamish, understanding what different budgets typically offer can help you make informed decisions and set realistic expectations.

It's Not Just About the Price Tag

Many buyers start their search by asking, "How much house can I afford?"

A better question might be:

"What kind of lifestyle do I want?"

Would you rather have:

• A newer townhome close to local amenities?

• A detached home with more outdoor space?

• A property with mountain views?

• A shorter commute?

• A quieter neighbourhood for your family?

Sometimes spending a little less in the right neighbourhood creates a better lifestyle than stretching your budget for a larger home.

That's why every buyer's journey is different.

If Your Budget Is Around $800,000

For many buyers, this price range is an excellent entry point into the Squamish real estate market.

Depending on current market conditions, buyers often explore:

• Modern condominiums

• Spacious townhomes

• Select smaller detached homes

• Newer developments in certain neighbourhoods

If you're a first-time buyer, downsizing, or looking for a low-maintenance lifestyle, this budget can provide some excellent opportunities.

Rather than focusing on square footage alone, think about what matters most to you.

Would you rather have an extra bedroom - or be within walking distance of cafés, trails, and local parks?

If Your Budget Is Around $1 Million

This is where many buyers begin to see a wider variety of Squamish homes for sale.

Depending on the market, you may have access to:

• Larger townhomes

• Detached family homes

• Updated properties

• Homes in sought-after neighbourhoods

• Better outdoor living spaces

At this level, buyers often have more flexibility when balancing location, home size, and features.

It's also a good time to think beyond today's needs.

Will this home still work if your family grows?

Will it suit your lifestyle five years from now?

Those questions are often just as important as the asking price.

If Your Budget Is Around $1.5 Million

As your budget increases, so do your options.

In many cases, buyers at this level begin exploring:

• Larger detached homes

• Premium neighbourhoods

• Homes with exceptional mountain views

• Properties with larger lots

• Luxury finishes and custom features

That doesn't necessarily mean spending more is always the better choice.

Sometimes buyers discover that a less expensive home in the right neighbourhood offers everything they're looking for.

The goal isn't simply buying the biggest house.

It's finding the home that feels right every time you pull into the driveway.

One Mistake I See Buyers Make

It's easy to become focused on finding "the perfect house."

But after helping buyers over the years, I've learned something important.

People rarely regret buying a home because it didn't have the perfect kitchen.

They usually regret choosing a home that doesn't fit the way they actually live.

Maybe the commute is longer than expected.

Maybe they realise they'd rather have been closer to trails, schools, or restaurants.

Or perhaps they discover they wanted a completely different neighbourhood.

That's why I always encourage buyers to think about their daily routine before they think about countertops or paint colours.

The right location often matters more than an extra 300 square feet.

Remember, the Market Changes

Real estate is always evolving.

New listings come onto the market every week, buyer demand changes, and prices can shift over time.

That's why there's no fixed answer to what a certain budget will buy.

The examples above are meant to provide general guidance rather than guarantees.

The best way to understand what's currently available is by reviewing Squamish property listings, exploring featured properties in Squamish, and speaking with a local realtor who follows the market every day.

Finding the Right Home Is About More Than Budget

At the end of the day, buying a home isn't simply about finding something within your price range.

It's about finding a place where you can picture your everyday life.

The morning coffee on the deck.

The walk to school.

The bike ride after work.

The quiet evenings with family.

Those are the moments that truly make a house feel like home.

Your budget opens the door.

The right neighbourhood, the right home, and the right guidance help you choose the one that's worth walking through.

Ready to Explore Homes Within Your Budget?

Whether you're buying your first home, upgrading, downsizing, or relocating, I'd be happy to help you understand what's currently available in the Squamish real estate market.

From reviewing Squamish homes for sale to exploring different neighbourhoods and discussing financing options, we'll work together to find a home that fits both your lifestyle and your budget.

You can also browse my Featured Listings, use the Map Search, or read my Buying Guide for additional resources before you begin your search.

If you're ready to take the next step, contact Evelyn Schellenberg at 604-849-0144. I'd love to help you find a home you'll enjoy for years to come.

Frequently Asked Questions

How much do I need to buy a home in Squamish?

The amount depends on the type of property you're looking for and current market conditions. Condos, townhomes, and detached homes all fall into different price ranges.

Is $800,000 enough to buy a home in Squamish?

In many cases, buyers with this budget can explore condominiums, townhomes, and, depending on the market, some detached homes.

What type of home can I buy for around $1 million in Squamish?

Many buyers at this budget can choose from a wider selection of detached homes, townhomes, and updated properties, although availability varies with the market.

Should I buy the biggest home I can afford?

Not necessarily. Choosing the right neighbourhood and a home that suits your lifestyle is often more important than simply maximizing your budget.

How can a local Squamish realtor help?

A local realtor can explain current market conditions, recommend neighbourhoods that match your lifestyle, arrange viewings, negotiate on your behalf, and help you make informed decisions throughout the buying process.

Have you ever noticed how two people can visit the same town and walk away with completely different impressions?

One person falls in love with the mountain views. Another notices the quiet streets. Someone else imagines weekend hikes, while another pictures walking to their favourite coffee shop every morning.

That's exactly how Squamish is.

One of the first questions buyers ask me is:

"Which neighbourhood in Squamish is the best?"

My answer usually surprises them.

I don't believe there's one "best" neighbourhood.

There's simply the neighbourhood that feels right for your lifestyle.

As someone who was born and raised in Squamish, I've watch our community grow from a small logging town into one of British Columbia's most desirable places to live. While new developments have appeared and the population has grown, each neighbourhood has kept its own personality.

That's why I always encourage buyers to think beyond the house itself.

Before you start browsing homes for sale in Squamish, ask yourself one simple question:

Where do I want my everyday life to happen?

Start With Your Lifestyle, Not the Listing

It's easy to fall in love with a beautiful kitchen or an incredible mountain view.

But after the excitement wears off, what really matters is how your neighbourhood fits your daily life.

Think about things like:

• Will you be commuting to Vancouver?

• Do you want to walk to cafés, restaurants, or local shops?

• Are good schools important for your family?

• Would you rather have quiet evenings or a more active community?

• How important is quick access to hiking, biking, or the waterfront?

These questions often lead buyers to the right neighbourhood much faster than scrolling through endless Squamish property listings.

The Questions I Ask Every Buyer

Before recommending a neighbourhood, I usually ask buyers a few simple questions.

Not because I'm trying to sell a particular area - but because everyone defines "home" differently.

I want to know:

• What does a perfect weekend look like for you?

• Do you enjoy being surrounded by nature?

• Are you raising a family?

• Do you work from home?

• Is walkability important?

• How much outdoor space do you want?

The answers almost always point us toward the right community.

If You're Raising a Family

Many families begin their search looking for larger homes, quiet streets, nearby schools, and plenty of green space.

That's why Garibaldi Highlands Real Estate is often one of the first places I recommend.

The neighbourhood offers larger properties, beautiful mountain views, and a welcoming community atmosphere that appeals to growing families.

Another excellent option is Brackendale Real Estate, where you'll find a peaceful setting, a strong sense of community, and easy access to parks, rivers, and outdoor recreation.

For many parents, it's the kind of place where kids can still spend afternoons exploring outside.

If You Love Being Outdoors

If your idea of a perfect day includes hiking before breakfast, mountain biking after work, or climbing on weekends, you'll probably feel at home in Valleycliffe Real Estate.

Located at the base of the Stawamus Chief, Valleycliffe offers incredible access to some of Squamish's most iconic outdoor adventures.

Nature isn't something you visit here.

It's simply part of everyday life.

If Walkability Matters Most

Some buyers want to leave the car at home.

They'd rather walk to dinner, grab coffee with friends, browse local shops, or enjoy community events without driving across town.

If that sounds like you, Downtown Squamish Real Estate deserves a closer look.

Downtown has become increasingly popular with buyers who enjoy an active community, local businesses, and the convenience of having everyday amenities just minutes from home.

Looking for a Central Location?

For buyers who want convenient access to shopping, schools, recreation, and major routes, Garibaldi Estates Real Estate offers an excellent balance.

Many homeowners appreciate its central location because it makes everyday errands simple while still providing quick access to everything Squamish has to offer.

It's often a great fit for families, professionals, and retirees alike.

If Peace, Privacy, and Ocean Views Matter Most

Not everyone wants to live in the centre of town.

Some buyers are looking for something quieter.

If waking up to ocean views and peaceful surroundings sounds like your idea of home, Furry Creek Real Estate offers a unique lifestyle along the Sea to Sky corridor.

Nearby, Britannia Beach Real Estate continues to attract buyers who appreciate its rich history, waterfront setting, and growing community.

These areas feel different from Squamish itself - but that's exactly what makes them so appealing.

Don't Choose a Neighbourhood Based Only on Photos

This might be the most important advice I can give.

Beautiful listing photos only tell part of the story.

What they don't show is:

• how the neighbourhood feels on a Saturday morning,

• where people gather,

• how busy the streets are,

• what the sunsets look like,

• or how quickly you can reach your favourite hiking trail.

Those are the little things that turn a house into a home.

That's why I always encourage buyers to spend time exploring different communities before making a decision.

Sometimes the neighbourhood you thought you'd love isn't the one you choose in the end.

The Right Neighbourhood Is the One That Fits Your Life

There isn't a perfect neighbourhood for everyone.

There is only the neighbourhood that matches your lifestyle, priorities, and future plans.

Whether you're looking for Squamish real estate, planning to relocate, or searching for your forever home, taking the time to understand each community can make all the difference.

And if you're not quite sure where to begin, that's completely okay.

Helping buyers discover the right neighbourhood - not just the right house - is one of the most rewarding parts of what I do.

Thinking About Buying a Home in Squamish?

Every buyer's journey is different, and choosing the right neighbourhood is one of the biggest decisions you'll make.

If you'd like honest local advice about Squamish homes for sale, neighbourhoods, or the current market, I'd be happy to help.

Whether you're considering Garibaldi Highlands, Valleycliffe, Brackendale, Downtown Squamish, Garibaldi Estates, Furry Creek, or Britannia Beach, we can talk through what matters most to you and find the community that truly feels like home.

Call Evelyn Schellenberg at 604-849-0144 or get in touch to start your home search with someone who knows Squamish inside and out.

Frequently Asked Questions

What is the best neighbourhood in Squamish for families?

Many families are drawn to Garibaldi Highlands and Brackendale because of their larger homes, parks, schools, and welcoming community atmosphere.

Which Squamish neighbourhood is best for outdoor enthusiasts?

Valleycliffe is a favourite among hikers, climbers, and mountain bikers thanks to its close proximity to the Stawamus Chief and numerous outdoor trails.

Is Downtown Squamish a good place to live?

Yes. Downtown Squamish is ideal for buyers who value walkability, local restaurants, cafés, shopping, and community events.

Which Squamish neighbourhood offers ocean views?

Both Furry Creek and Britannia Beach offer beautiful coastal scenery and a quieter lifestyle along the Sea to Sky corridor.

How do I choose the right neighbourhood in Squamish?

The best neighbourhood depends on your lifestyle, commute, family needs, budget, and long-term goals. Working with a local Squamish realtor can help you compare communities and make a confident decision.

Recently I had the opportunity to be featured in this article by The Squamish Chief with several other women-led businesses in honour of International Women’s Day and Women’s History Month! I’m proud to be part of this community through my two passions: real estate and empowering women through sport.

As the daughter of one of Squamish's pioneering physicians, Dr. Ken Schellenberg, I've always felt a deep connection to this community. It's a place where roots run deep, where every corner holds a story, and where opportunities abound for those with the vision to seize them.

With over 25 years of marketing expertise and an intimate knowledge of the local landscape, I've found my calling as a real estate agent. From the towering peaks of the Stawamus Chief to the tranquil shores of Howe Sound, I've made it my mission to showcase the beauty and potential of Squamish to buyers near and far. Some might say it's in my blood—to sell Squamish is to share a piece of my heart with the world.

But my journey doesn't end with real estate. Far from it. As the founder and owner of the Squamish Women's Hockey Academy, I've embarked on a mission to break down barriers and redefine what it means to be a woman in sport. It's a vision rooted in inclusivity, in creating a space where girls and women of all backgrounds can come together, lace up their skates, and pursue their passion for hockey without fear or judgment.

At the heart of the academy lies a simple yet powerful belief: that every woman has the right to step onto the ice with confidence, regardless of her skill level or previous experience. I've seen it firsthand—the transformation that occurs when women are given the opportunity to push beyond their comfort zones, to challenge themselves in ways they never thought possible. Many of the local women who have joined the academy started with never having worn skates before, and now they're competing against teams from across the Lower Mainland.

Of course, the road hasn't always been easy. I've faced my fair share of skepticism and pushback, especially when it came to establishing the hockey academy here in Squamish. But I refused to let doubt dictate my destiny. Six years have passed since the academy's inception, and the demand only continues to grow. That's why I'm thrilled to announce the upcoming launch of a women's hockey academy in Whistler—a testament to the power of perseverance and the enduring spirit of our community.

Whether you're a budding athlete looking to hone your skills on the ice or a prospective homebuyer eager to explore all that Squamish has to offer, I invite you to join me on this journey of empowerment. Together, let's rewrite the rules, challenge the status quo, and create a world where every woman feels seen, heard, and valued.

Contact me to learn more about the Squamish Women's Hockey Academy or explore the local real estate market, I’m always happy to answer your questions!

The Bank of Canada (BoC) has been raising interest rates at the fastest and most significant pace since 1998. Here’s what the Bank of Canada’s interest rate hikes mean for homeowners.

The central bank started an aggressive campaign of interest rate increases in 2022, with the objective of cooling the inflation rate. While inflation has eased from its peak last summer, still sits above the Bank’s two-per-cent target, driven by a wide range of factors, from expansionary pandemic-era fiscal policy to surging commodity prices. Costs remain elevated across the board, from food and household goods to services. Can the institution achieve its objective of busting inflation and navigating the economy to a soft landing? Time will tell.

What is becoming evident, however, is that higher interest rates are weighing on the Canadian real estate market, impacting demand volumes and moderating price growth.

What the Bank of Canada’s Interest Rate Hikes Mean for Homeowners

In a survey of Canadians about the 2023 housing market, 45 per cent said they are concerned that interest rate increases will impact their ability to buy or sell a home this year.

Suffice it to say, borrowers are being affected by higher interest rates.

Indeed, a rising-rate environment reduces the purchasing power of prospective homeowners and increases the financial burden of current homeowners who have a mortgage. Add to this more stringent mortgage stress tests, and the number of homebuyers in the marketplace drops.

At the same time, homeowners who may have bought a home might have entered into a fixed-rate mortgage, which means they may not need to worry until about rising rates until their mortgage comes up for renewal in a few years.

“Homebuyers can often negotiate the interest rate for mortgage financing based on their creditworthiness and the degree to which they do other banking business with the mortgage lender,” the Canadian Real Estate Association (CREA) wrote.

It is estimated that a one-per-cent hike in rates will add hundreds of dollars to mortgage payments each month. However, for a considerable number of Canadians who are contending with soaring inflation and a slowing economy, even an extra $150 a month in mortgage payments can be unaffordable and affect their overall personal finances.

And this could have been the unintended consequence of near-zero interest rates that allowed homebuyers to borrow more than they could afford down the road.

“Some Canadians made decisions to take their mortgages out based on what they could be approved for and maybe didn’t get some financial advice to say, well, ‘I know I can get approved for a mortgage at this particular level, but what can I actually afford?’” said Lysa Fitzgerald, vice-president of sales at Manulife, in an interview with CBC.

Put simply, rising interest rates will impact mortgages across the country and weigh on the Canadian real estate market.

How Might Canadians Respond?

Many trends could form with anticipated interest rate increases.

The first is that homeowners may rush to sell their residential properties because they can no longer afford to carry the debt, especially if they were purchased at or near the top of the pandemic-era housing boom.

The second is that homeowners may be forced to refinance their mortgages.

Lastly, it could also lead to broader consequences for household budgets, such as spending less on groceries, leisure and entertainment, or the requirement to increase or supplement their income to help cover the higher mortgage costs.

If you’re planning to engage in the housing market, connect with a RE/MAX agent to help guide you through the ups, downs and uncertainties of the market.

Wouldn’t it be great if every home sale breezed through without a hitch? The offer is made, accepted, and you’re moved in within 30 days—perfect! Well, that’s sometimes not the case. Home sales can fall through for a number of reasons, which is why having a REALTOR® on your side is crucial to help you navigate them. Pete Shpak, an associate broker with Oakwyn Realty’s Lee and Pete Real Estate Team in Vancouver, British Columbia, walked us through five common reasons home sales can fall through. 

1. The home inspection exposes major issues

Whether you’re purchasing a brand-new build or an older property, getting a home inspection helps uncover defects or repairs that need doing. Minor issues can usually be solved between the buyer and seller, but if an inspector finds large cracks in the foundation or a leaky roof, that could be problematic. 

“That can definitely kill a deal or bring it back to the table for further negotiations or more exploratory work involving a structural engineer,” says Shpak. “Sellers can potentially avoid those problems by having their home pre-inspected before going to market so you can fix minor issues, and if you come across a major one, you could think about how you’re going to tackle it when it comes to the table.” 

The seller’s REALTOR® might suggest disclosing a major issue in the listing and pricing the home accordingly, for example. 

2. Documents reveal red flags 

If you’re purchasing a condominium, you and your REALTOR® should first review documents pertaining to the building, says Shpak. 

“These include depreciation reports, meeting minutes, engineering reports, and financial summaries, and sometimes, depreciation reports can read very poorly,” he explains.

“For example, if you’re looking at a condo in a 10-unit building, you could find out the roof soon needs replacing at a cost of $100,000, but the building’s funding reserve is empty. That means everybody would owe $10,000 for the roof. Depreciation reports can show other expensive items that need replacing, like windows or elevators. This can kill a deal if the costs become too onerous for people to take on.”

3. Financing isn’t approved or a home appraisal doesn’t match the sale price

If you’re not pre-approved for a mortgage, you may not get financing in place—which could tank the sale. Even if you’ve been pre-approved, your bank will need to appraise the home you’re buying before finalizing your mortgage. 

“In competitive offer situations where people’s emotions might get the best of them, the price gets higher and higher and the bank might disagree with the value,” explains Shpak. “That means it’s a shortfall from the agreed-to price, so you can still finance a large portion of it, but to make this sale work now, you’d have to bring more money to the table.”

Buyers unable to afford a larger down payment may back out of the deal.

4. Small details can cause big problems

Sometimes, buyers and sellers agree on a purchase price but then get bogged down on other points like occupancy dates or what’s included with the home. For example, a buyer may want to move into the home quickly, but the seller needs more time. 

“Usually there’s a creative solution to make it work—like the seller does a rent back for a month or longer—but it can spill over to other facets of the negotiation and sour the whole deal,” says Shpak. “Sometimes buyers say, ‘I want all your furniture included’. I always tell clients to leave that off the table and make a good deal happen. Then, after the deal’s done, we can make them an offer for furniture, but keep it separate from the home.”

5. Buyers get cold feet 

Until all conditions are met—a home appraisal and inspection have been done, financing is in place—and a buyer has brought in a deposit that’s at least 5% of the purchase price, a deal is not done and buyers can walk away if they have a reason for doing so.

Get peace of mind by working with a REALTOR® 

With so many steps involved, working with a REALTOR® is extremely beneficial. 

If you’re buying or selling your home soon, connect with me to make sure you’re taken care of through the entire process—from the expected highs to the unexpected lows. 

To qualify as a first-time homebuyer in Canada: You cannot have previously owned a property in Canada or abroad.

However, there are exceptions!

It is possible to qualify as a first-time home buyer again after owning a home under the following circumstances:

1. If you have separated from and no longer live with a spouse or partner.

2. If you purchased your first home more than four years ago, you may be able to make use of government programs to buy for a second time.

It’s important to note that the above criteria may vary depending on the program or incentive you want to access as a first-time homebuyer. For example, some programs may have additional eligibility requirements or different definitions of what qualifies as a first-time homebuyer.

For instance, the Home Buyers’ Plan (HBP) defines a first-time home buyer as this: “You are considered a first-time home buyer if, in the four year period, you did not occupy a home that you owned, or one that your current spouse or common-law partner owned.”

Want to learn more? Reach out to me anytime!