Financial help for first-time homebuyers

There are so many amazing new-home developments and projects in the Metro Vancouver area, it almost boggles the mind. From sleek and modern highrise and midrise condominium buildings to stylish townhomes, single-family homes and all-encompassing master-planned communities, there is literally something to suit everyone’s taste.

But of course, the stickling point to entering the pre-construction market is being able to afford a new home. This is a challenge for many people. Happily, there are some real solutions that can help bring some of you closer to that dream.

In this issue, MLA Canada executive director Cameron McNeill shares valuable information about two financial incentives for new-home buyers available from the federal government. See what he has to say on page 20 – it may make all the difference between you owning – or not owning – that perfect place.

And on page 28, writer Michelle Hopkins speaks with Don Campbell, senior analyst with the Real Estate Investment Network (REIN) about how renting out a basement suite in your new home can be a real mortgage helper. If being a landlord sounds interesting, Campbell’s tips on what to expect may just help you get there.

As always, we hope you enjoy this issue of NextHome. If there is something you would like us to write about, we’d love to hear from you.


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