Cell: 604-855-2521 |

Attention First Time Home Buyers

The new First-Time Home Buyer Incentive is a 3 year program offered by the  Federal Government as a "Shared Equity Mortgage", with the Federal  Government being your partner.

This  website help to determine your eligibility, calculate your maximum  purchase price, and select the incentive that is right for you.The incentive  allows eligible first-time home buyers, who have the minimum down  payment for an insured mortgage, to apply to finance a portion of their  home purchase through a form of shared equity mortgage with the  Government of Canada. Essentially, the incentive helps qualified  first-time home buyers reduce their monthly mortgage carrying costs  without adding to their financial burdens.

-Lower Monthly Mortgage Payments

-Interest-free Incentive Program

-No Pre-payment Penalty

-Newly Constructed Homes eligible for 5% or 10%

-Existing Homes eligible for 5%


For mortgage advice, contact an experienced mortgage professional:

Linda Fleming, AMP

 Accredited Mortgage Professional

 Dominion Lending Centres - A Better Way

 201-2600 Gladys Ave., Abbotsford, BC V2S 0E9


 Phone:  604-857-2970

 Toll Free:  1-877-304-5656


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What is a pre-sale?

Example scenario: When the developer intends to build an apartment building and applies for financing, the bank will grant financing under certain conditions. One of them will likely be a certain percentage of pre-sales the developer will need to secure before receiving the funds.
It is common practice for a developer to approach several real estate investors and offer them an opportunity to purchase units of the non-existent building at a discounted price, and on good terms.

Once the number of pre-sales is accomplished, the developer goes ahead with the construction, which will likely take two years or longer to complete. During construction, their marketing team offers the remainder of the units for sale at market value to the public.

If you are a RE investor, you know that it is preferable to be buying at the pre-sale prices, not market value prices.

The question is, how do you get the invitation to buy a pre-sale?
In the past many years, investors have made substantial income by buying at wholesale prices and selling at retail prices even before they needed to complete their purchase. I saw many of them lining up and sometimes even camping overnight in front of the sales center to get a chance to buy at lower prices, but not everyone was lucky enough. You needed to be well-connected to get an opportunity, and you had to act fast.

Today is a bit of a different story. Several projects in the Lower Mainland and Fraser Valley offer really good prices and incentives to secure a unit now and complete the purchase two or three years later. The list of incentives varies from one project to the next. Besides attractive prices, you can get low deposit amounts (5-15%), low or no assignment fees, free updates, a mortgage rate buy-down program, extra parking and more.

A month ago, I helped a few of my clients purchase a presale in Surrey that sold out in 2 days, and I know of another good developer that will be offering a few units for sale as well.

If you would like to know more about these opportunities, I would encourage you to call or email me, and I’ll be happy to send you details on those projects.
Kind regards,
Tibor Bogdan
Century 21 Creekside Realty Ltd.
45428 Luckakuck Way #190, Chilliwack, BC V2R 3S9
cell: 604-855-2521
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