Victoria BC Real Estate | Pemberton Holmes | Real Estate

First-Time Homebuyer Checklist: Everything You Need to Know

Posted on Jul 08, 2025 in First Time Home Buyers

Buying your first home is a huge milestone—and if you’re doing it in beautiful Victoria, British Columbia, you're in one of Canada’s most desirable and competitive real estate markets. But with high demand and many moving parts, it’s crucial to understand the process clearly.To help you navigate the journey, here’s your step-by-step first-time home...

First-Time Buyer? Here’s Where You Can Still Afford to Get Into the Victoria Market in 2025

Posted on Apr 29, 2025 in First Time Home Buyers

Spring is here, the cherry blossoms have bloomed, and for many first-time homebuyers in Victoria, 2025 feels like a make-or-break year to finally get into the market. I hear you—home prices are high, inventory is tight, and interest rates are still keeping buyers on their toes. But the good news? There are still opportunities out there if you know...

10 Things to Consider When Buying Your First Home

Posted on Jul 23, 2024 in First Time Home Buyers

Buying your first home is an exciting milestone, but it can also be a complex and daunting process, especially in a dynamic market like British Columbia (BC). Here are ten essential considerations to keep in mind to ensure a smooth and successful home-buying experience.

1. Determine Your Budget

Why It Matters:

Understanding your financial limits is cr...

20 Most Frequently Asked Questions for First Time Home Buyers

Posted on May 01, 2024 in First Time Home Buyers

Here are 20 frequently asked questions by first-time home buyers in British Columbia, along with their answers:

1. What is the first step in buying a home in BC?

Get pre-approved for a mortgage to understand your budget and the loan amount you might receive.

2. Are there any programs for first-time home buyers in BC?

Yes, BC offers the First Time Home...

First Time Home Buyer's Program

Posted on Apr 19, 2024 in First Time Home Buyers

The First Time Home Buyers' Program in British Columbia provides significant benefits to individuals purchasing their first home, primarily aimed at reducing the financial burden associated with acquiring real estate. Here are the key benefits of the program:

Property Transfer Tax Exemption:
- Full Exemption: For homes valued at $835,000 or less, but l...

Canada to Increase Mortgage Amortization for First Time Home Buyers

Posted on Apr 11, 2024 in First Time Home Buyers

As of April 2023, in Canada, the maximum amortization period for a mortgage with less than a 20% down payment and hence requiring mortgage loan insurance (typically from the Canada Mortgage and Housing Corporation, CMHC) is 25 years. This is due to regulations meant to ensure financial stability and manage the risk associated with longer loan terms...

First Time Home Buyers