There’s a lot to love about pre-sale homes. It’s evident in all the sold-out signs posted at the numerous multi-residential construction sites across the lower mainland. If you’re deciding to go the pre-sale route instead of purchasing re-sale, a number of unique financial considerations come into play. Read on to learn more about what prospective homebuyers should look out for in terms of budgeting, as well as tips to navigate the pre-sale process.

Condominiums continue to pop up all over the Lower Mainland and the reasons behind their popularity are not a mystery. Residents get to enjoy being in the heart of a community — often close to public transit — a largely home-maintenance-free lifestyle, and built-in amenities like a gym, swimming pool and in some newer developments, even a basketball court.

We have witnessed a lot of compression in mortgage rates over the past 24 months, alongside incredible growth in home values throughout the last 12 months. Ryan Lalonde, President at MLA Canada, asks Gingles for his insight on what is driving current refinancing activities that are occurring in today's Lower Mainland's real estate markets.

Pre-sale home purchases are an affordable and practical option for those looking to enter the market as first-time buyers or to purchase an investment property.

With speculation brewing in the media and real estate industries around inflation, there are many questions for what the horizon of long-term interest rates may look like. Today, interest rates are considered by many to be sitting at potentially the lowest in a single lifetime.