How To Buy a Pre Sale Condo in Vancouver

Linea By Rize, Availability, Plans, Prices

At A Glance: Linea by Rize at 13318 104 AVE, SURREY, BC Linea By Rize offers Forward-Looking Living in Surrey's City Centre.  A collection of 236 contemporary homes Number of Floors 28 1, 2, 3 bedroom homes and townhouses coming this summer. Sizes range from 474 to 1491 square feet 8'.8" Ceilings Oversized balconies create a sophisticated indoor-outdoor living In the heart of Surrey’s new downtown core. scheduled for completion in 2021 This is your home of the lifestyle you seek, today and tomorrow. A range of livable, family sized floorplans are available, ranging from 474 sf to 1,491 sf - perfect for any stage of… Find out more

Presale condo assignments ARE NOT Shadow Flips and DO NOT push up real estate prices in Vancouver

Recent media articles on presale condo assignments of contract have been full of factual errors and have misrepresented presale assignments as shadow flips. Presale condo assignments ARE NOT Shadow flipping. Let's clarify. What is a Shadow Flip? A shadow flip is when an existing property primarily a single family house or single family house lot is purchased by a buyer under false pretenses. The contract that was used to purchase the property has a clause in it saying that the buyer can assign the contract without the permission of the seller. This practice victimized unsophisticated sellers of single-family houses in… Find out more

SOMA on Cambie by SDAE Development Co. Plans, Prices, Availability

At A Glance: Soma On Cambie, 505 West 62nd Avenue (7765 Cambie Street) 1 - 3 bedroom condo on Vancouver Cambie Street 6 storeys Concrete structure with high-end brick veneer Central Location connect to the airport, downtown, UBC and more Surrounded by beautiful parks, trails, and minutes away from shopping and entertainment. 32 residential units; a maximum building height of 21.3 m (70 ft.); a floor space ratio (FSR) of 2.72; and 31 underground parking spaces and 40 bicycle parking spaces. Soma’s striking contemporary architecture has been designed to complement its natural surroundings. Abundant landscaping around the exterior provides privacy… Find out more

How to Buy Vancouver Condo Presales 3 | Disadvantages & Risks

The Disadvantages and Risks of Buying a Pre-Construction Condo in Vancouver In Episode 2 of How to Buy Vancouver Condo Presales, we talked about the advantages of condo presales for Owner/Occupiers. In Episode 1 we discussed the advantages of pre-construction condos for investors in Vancouver. Today we're going to discuss the disadvantages of pre-construction or presale condos in Vancouver for both investors and owner occupiers and what to watch out for with this kind of property. Rights and Obligations with Presale Condos When buying pre-construction condos Vancouver in Vancouver, its easy to overlook the potential negative aspects of this type… Find out more

An Answer to Florin’s Question: Can a Presale Bought High Ratio be Completed on Low Ratio?

Financial Leverage and Presale Condos in Vancouver I LOVE Questions and Comments on my blog posts and appreciate them HUGELY!! We recently had a great question (Thanks Again Florin!) in the comments section of Episode 2 of How to Buy a Presale Condo where we discussed the advantages of pre-construction condos for Owner/Occupiers. This question was SOOOO GOOD, I decided to bring in a mortgage broker, Chad Watts and shoot an entire video on this topic! Florins Question: I asked my mortgage specialist about point 3 “Financial Leverage.” The one where you mentioned “buyer who previously was a high ratio… Find out more