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Big Mortgage Changes Announced Today!

The government has announced 2 major changes that are taking effect as of Dec 15, 2024:

1) For those that want to put less than a 20% down payment on a home purchase, you were capped at a purchase price of $1,000,000 since 2012. Well now that's changing to $1,500,000. So more home for less down payment.

 2) For those same buyers that are wanting to put less than a 20% down payment, they were capped at an amortization (the way we factor payments) of 25 years. That's going up to 30 years. The 25 year cap has been in effect since 2012 as well.

 What's the difference between a 25yr and 30yr amortization? A 30 year amortization means lower payments and therefore, the ability to qualify for a higher mortgage amount.

Why are these changes here? Well, the tighter rules that we had were as a result of the 2008 financial crisis. Now the changes are here to help the housing market move product and help builders who have slowed down over the past few years. This will allow many more buyers to get into the market. An upcoming Federal election is another impetus.

All in all, good news for buyers who have felt very constrained over the last few years. 

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Thinking About Buying Your First Home?

I’ve helped individuals, couples and families buy their first home. I know it can feel a little daunting, everyone talks about real estate all the time and you feel like you should know how all the processes work and get all the jargon. No, relax. It’s my job to educate you and guide you through the process. Don’t worry, I’ve got you!

Contact me and receive the first step, a Buying Process infographic! Your journey, my commitment!

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The Other Side of the Sale - A Downsize Success Story in the West End

Great news for my clients! We’ve secured this large one bedroom unit with its own entrance at Chilco Park for them to downsize into. From a 3 bedroom condo to a 1 bedroom, this large unit fits the bill. It has it's own entrance and pretty arched windows looking out to the lovely surrounding gardens. Just a couple of blocks to the beach on the English Bay side of the West End, they’ll have a new vibe in their same familiar neighbourhood!

My deepest thanks to the listing agent and her team. This deal was a joy to put together. Her kindness, professionalism and sense of humour made this a great experience for all involved!

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A Sale Story | 601 - 1818 Robson Street, Vancouver

Congratulations to my clients and my thanks to them for placing their trust in me. It took a little longer than expected but we got there as I promised them we would.

There is no substitute for hard work and a “can do” attitude in this business and that’s what I strive to do everyday.

If you’re thinking about making a move let’s chat! I’m confident you’ll learn something and I promise it’ll be fun

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INTERVIEW SERIES WITH SEYMOUR DIGITAL MEDIA

I was honoured to by invited by the wonderful Pip Seymour to her new interview series. I met Pip early in my Real Estate career and we chatted about my journey in marketing and growing my business. 

My dedication to learning and growing in the digital space has always been something that excites me. It pays dividends for my clients in a crowded marketing world.

I hope you enjoy this and learn a little about me.

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Great news for my clients! We’ve secured this large one bedroom unit with its own entrance at Chilco Park for them to downsize into. From a 3 bedroom condo to a 1 bedroom, this large unit fits the bill. It has it’s own entrance and pretty arched windows looking out to the lovely surrounding gardens. Just a couple of blocks to the beach on the English Bay side of the West End, they’ll have a new vibe in their same familiar neighbourhood!

My deepest thanks to the listing agent and her team. This deal was a joy to put together. Her kindness, professionalism and sense of humour made this a great experience for all involved!

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Congratulations to my clients and my thanks to them for placing their trust in me. It took a little longer than expected but we got there as I promised them we would.

There is no substitute for hard work and a “can do” attitude in this business and that’s what I strive to do everyday.

If you’re thinking about making a move let’s chat! I’m confident you’ll learn something and I promise it’ll be fun

Julia

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Love possession day! It’s the end of one journey but the beginning of another!

Congrats to my clients on this beautiful penthouse home at The Shore.

If you’re thinking about buying or selling on the North Shore contact me. Let’s a have a chat over coffee. I’m confident you’ll learn something and have a good time.

“Julia has been a pleasure to work with. She is incredibly responsive and works hard to help find a place. Julia provided great advice when it came time to place offers and helped navigate through the process through to closure.” D&K


Julia Stauffer Direct 604.837.5048
julia@juliastauffer.ca
Macdonald Realty – West Vancouver

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I’m so happy that I could help my clients secure this fantastic penthouse unit in multiple offers at The Shore.

As only the second owners of this unit, which was purchased from the developer with all the bells and whistles available, it really is something. High ceilings, Air Conditioning, Upper nook office and Rooftop deck with Hot Tub, are just some of the features of this beautiful 2 bedroom, 2 bathroom view unit.

At this central location on a cul de sac on West 3rd, you have quick access to the Lions Gate Bridge or you can pop straight up to the highway to get to the mountains or the Iron Workers Bridge.

Are you thinking about buying a home on the North Shore? Give me a call and let’s chat!

Julia Stauffer – julia@juliastauffer.ca

604.837.5048

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