Tag Archives: Home Buyer

Shadow Flipping in Vancouver – BC

Shadow Flipping in Vancouver – BC

 
Shadow flipping in Vancouver – BC has become headline news across Canadian media. The problem with shadow flipping is number one the original home owner who has no idea. The second major issue is invasion of taxes.
 
In Vancouver real estate transactions, a contract provision called an assignment clause is included in the transaction for the benefit of the buyer. This provision allows a buyer to resell or transfer property to another buyer before the deal’s closing date.
 
 

Manitoba Home Buyer Down Payment Assistance Program

Manitoba Home Buyer Down Payment Assistance Program

HOMEWorks! is the first pillar of Manitoba’s new, affordable
income housing strategy, HOUSINGFirst.

Manitoba Home Buyer Down Payment Assistance Program is a $104.5 million, three-year fund to increase the supply of affordable housing in Manitoba through:

• support for the new rental housing, housing
co-operatives and home ownership
• down payment assistance to home buyers
• rent supplements
• renovation options for northern
remote communities

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