{{A Tribute to the Renter}}

This email is dedicated to all you renters out there!

I'm currently in the process of working with a few first time home buyers educating them about the market, how to prepare and what is required to purchase a new home.

In the process I thought that you renters out there may be interested to see that it's the same price IF NOT LESS to own your own home instead than it is to pay rent!
Take a look at the two scenarios that I have put together for a purchase of a condo that is under five years old. I've also included a picture of a live example.  Over the next couple weeks I will also include scenarios for a town home purchase as well a a house so stay tuned!

This could be your home!

SCENERIO #1 - Condo

$150,000 Purchase
5% down payment $7500
(you would need this amount or consider a partnership with Westridge Realty) see http://homeswithlacey.com/we-finance.html
CMHC insurance fee - $4204
Total Mortgage - $146,704
Mortgage payment: $560
property taxes: $65
Condo fees: $132
Utilities: $30

TOTAL MONTHLY PAYMENT :  $787
INCOME REQUIRED: $27,000
That's approx $14 an hour!!!


SCENERIO #2 - Condo

$200,000 Purchase
5% downpayment - $10,000
CMHC insurance - $5605

Mortgage Payment- $747
Property Taxes - $65
Condo Fees - $132
Utilities - $30

Total Monthly Payment - $974
Total Income Required - $34,000

THAT'S approx $18 an hour!!!

Consider getting a room mate and charge them $400 to $500 per month with this scenario and then it only costs you approx $500 to own!


On average the Real Estate Market increases about 6 - 8 % a year and sometimes more! Interest rates are at all time lows plus it's a great market currently for you first time buyers with ample product to choose from.

If you are finding it hard to save up for a downpayment call me today and allow me tell you about our partnerships that we offer a few select clients per year.

So what are you waiting for?

Call me today and let's set up a plan tailored to your needs.  Whether you're looking to buy now or down the road, It's never too early or late to start the process!
I look forward to hearing from you.

LACEY
604-910- LACE (5223)