Let me start by saying that I am Mortgage Advisor and not a Realtor, but it is very common for my clients to ask about home purchase related expenses when we sit down to plan a personalized mortgage solution. Many of these questions are related the various taxes that are applicable for a home purchase in Metro Vancouver

The last half of year, we have seen consecutive month of year-over-year home sales growth along with escalating prices across the region. Until recently the inventory was low and driving up the competition an now we are starting to see more homes being listed as many new sellers try to cash in and be a part of this sizzling hot market.

Buying a new home is an exciting time for many families.  The kids might be thinking of their new bedrooms while the parents are trying to balance their financial picture to get setup comfortably in their soon to be new setting.  I have seen many clients calculate the purchase price of their new home, mortgage rates and legal fees but at times overlook key expenses that make up the entire home buying picture.  Let’s look at some of these key home purchase expenses…