The Pearce Team Service With Integrity

(604) 466-4549

Toll Free - 1-888-467-5131

Membership Benefits

  • Save your Listing Searches
  • Email Alerts on new Listings
  • See new listings sooner
  • Tag your Favourites for later

Already A Member?

LINKS - Find out what is in and around Maple Ridge, Pitt Meadows & the Lower Mainland!

Real Estate Myths

1/ HST applies to all real estate sales - False - HST  does not apply to the sale of homes that are previously occupied.  On new homes there are a series of rebates to reduce the impact of HST 

2/ You can’t buy with “0” down - False - If you have very good credit you can borrow the amount for the down payment and be “0”  down.  

3/ All fixed term mortgage penalties are 3 months - False - The minimum penalty is usually 3 months but could also be  an “interest rate differential” That is the difference in interest the bank would earn over the balance of the term less the current rate. We have seen many of these penalties in excess of $20,000. These penalties can be avoided by “porting” your mortgage to your new residence.

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above: