Outdoorsy types have their own unique organizing struggles. You see, bikes and surfboards and other sporting equipment are big. And they're really hard to store neatly at home–especially without a garage or a mudroom or even more than a few hundred square feet to work with.
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Yes, Vancouver is the most unaffordable housing market in Canada. But determined home buyers are still trying to get their foot in the door, in order to get in before it’s too late and the lowest rung on that ladder is even further out of reach.
The average price for all residential properties in Vancouver is $889,100 ($1.5 million if you want a detached home). And if you want to avoid paying mortgage insurance premiums, you need to come up with 20% as a down payment. For the average consumer, it’ll cost more than 20 years to come up with a down payment, according to a report by Generation Squeeze titled “CODE RED: Rethinking Canadian Housing Policy.”
Can’t wait that long? You’d better find some family members who are willing to contribute to your housing fund.
Shaun Zipursky, a broker with City Wide mortgage services in Vancouver, says that they’re seeing many more gifted funds than they have in years past, particularly for young professionals.
“We’re seeing a lot of clients that are coming in with massive amounts of gifts, six-figure gifts,” Zipursky says. “So families are really trying to help out in keeping their kids in the housing market in the areas that they want to be in.”
Showing proof and documentation of gifted funds
But even if you are getting a gift in order to buy a home in Vancouver, there are some things that you need to know about a gifted down payment.
The post Gifted Funds As A Down Payment Option – Mortgages appeared first on Gary Wong Realty Vancouver, BC.
Yes, Vancouver is the most unaffordable housing market in Canada. But determined home buyers are still trying to get their foot in the door, in order to get in before it's too late and the lowest rung on that ladder is even further out of reach.
The average price for all residential properties in Vancouver is $889,100 ($1.5 million if you want a detached home). And if you want to avoid paying mortgage insurance premiums, you need to come up with 20% as a down payment. For the average consumer, it'll cost more than 20 years to come up with a down payment, according to a report by Generation Squeeze titled "CODE RED: Rethinking Canadian Housing Policy."
Can't wait that long? You'd better find some family members who are willing to contribute to your housing fund.
Shaun Zipursky, a broker with City Wide mortgage services in Vancouver, says that they're seeing many more gifted funds than they have in years past, particularly for young professionals.
"We're seeing a lot of clients that are coming in with massive amounts of gifts, six-figure gifts," Zipursky says. "So families are really trying to help out in keeping their kids in the housing market in the areas that they want to be in."
Showing proof and documentation of gifted funds
But even if you are getting a gift in order to buy a home in Vancouver, there are some things that you need to know about a gifted down payment.
The post Gifted Funds As A Down Payment Option – Mortgages appeared first on Gary Wong Realty Vancouver, BC.
Posted To: MBS Commentary
Bonds bounced back as month-end buying hit its stride Second wind came from Bank of England comments on likely stimulus Yields bounced higher after Europe closed, but held same general range from past 4 days If we take a look at everything that's happened since bonds began their big sell-off yesterday afternoon, it all ended up being a wash by the end of today's trading. A chart illustrates the point: In arriving at this flatness, there have been a few notable players. Treasuries began moving lower in yield of their own volition in the morning hours but leveled off when European bond markets began to weaken. That didn't last long as the head of the Bank of England said that he expected the central bank would need to provide stimulus over the summer. Sterling (British currency),...(read more)
Posted To: MBS Commentary
Bonds bounced back as month-end buying hit its stride Second wind came from Bank of England comments on likely stimulus Yields bounced higher after Europe closed, but held same general range from past 4 days If we take a look at everything that's happened since bonds began their big sell-off yesterday afternoon, it all ended up being a wash by the end of today's trading. A chart illustrates the point: In arriving at this flatness, there have been a few notable players. Treasuries began moving lower in yield of their own volition in the morning hours but leveled off when European bond markets began to weaken. That didn't last long as the head of the Bank of England said that he expected the central bank would need to provide stimulus over the summer. Sterling (British currency),...(read more)
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The bane of every urban renter's search: You found the perfect apartment, but it's a trek to the nearest subway. Today, Trulia announced a new feature that lets you filter rentals by proximity to public transportation.
Q: Can I have a leather couch and two fabric chairs in the same room or would I need leather chairs? -Sent by Linda
Whether you plan to spend all summer playing in the waves or sitting pretty poolside, you're going to want to take along some warm-weather gear. A nifty misting fan, a wet bag for your damp bathing suit, a portable marble (!) phone charger? You're going to need all of this.
From The Kitchn → 5 Tips for Keeping Cool in the Kitchen
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Name: Alejandra Bennett and Oliver Katz
Location: Beacon Hill — Boston, MA
Size: 600 square feet
Years lived in: 1 year; rented
Alejandra Bennett and Oliver Katz's s light-filled Beacon Hill apartment in Boston is a convergence of new and old, near and far. The couple has filled the apartment with hand-me-downs and inherited family pieces, budget solutions and quality staples purchased for their first place together. The space itself, well laid out for an older Boston apartment, feels much bigger than 600 square feet, and ample closets and built-ins enable the couple to leave the rooms as open and uncluttered as possible. The result feels cohesive but not overly curated: A space that is tasteful and mature, but also bright and fun—much like the couple that lives there.
If you're reading this, chances are you've made a strange decor decision at some point, and have thrust that decision upon others who share your space. The editors are cracking up today from this post on The Onion, where a confused, yet good-natured boyfriend is tasked with hanging empty picture frames on a wall.
Name: Erin & Ken Francois
Type of Project: Backyard Redesign
Location: Upper Tangletown — Minneapolis, Minnesota
Type of building: 1930s Tudor-Style Duplex
The Renovation Diaries are a collaboration with our community in which we feature your step-by-step renovation progress and provide monetary support towards getting it done in style. See all of our Reno Diaries here.
Spring has sprung and Erin and Ken are itching to fix up their gloriously large backyard for grilling season. They've got great plans (including a fire pit) and the oh-so-important willingness to get their hands dirty, so let's see what they're working with shall we?
With or without a house built in the 1950s, it's possible to achieve a mid-century style mixed with your own personal flare. Astral's home seamlessly joins elements from mid-century design with both modern and vintage elements—and some contemporary chic. Find out how you can achieve Astral's style with the shopping resources below!
Right now, when it comes to interiors, white is big. Very, very big. Flip through any design magazine or blog and you'll find spaces with white walls: airy Scandinavian spaces, maximalist Bohemian spaces, tailored Midcentury-style spaces. White, when done right, can be really lovely. But it's also nice to see rooms in other colors, too. If you're experiencing a bit of white fatigue, then feast your eyes on this collection of 15 living rooms in pretty much any color but white.
