Thinking of purchasing real estate here in Vancouver, BC and you're not from here? What are the ramifications?
Below are a few resources for you to follow.
What's recommended? Your mortgage calculation are determined by your preferences and also by your current credit situation. For U.S. residents, CIBC (that's Canadian Imperial Bank of Commerce) will arrange a mortgage with 25% of the purchase price as a downpayment to a maximum Canadian home price of $500,000 U.S. dollars. If you are from an area other than U.S., a 35% downpayment is required. Also, CIBC is offering broker rates which are extremely competitive. Call for details.
Ready to find out more?
Call Dianne today! 604-526-2888